Welcome to our dedicated page for National Fuel Gas Co. news (Ticker: NFG), a resource for investors and traders seeking the latest updates and insights on National Fuel Gas Co. stock.
National Fuel Gas Co. (NFG) is a diversified energy company headquartered in Western New York. With more than 1,800 employees, the company operates across four primary segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. This integrated structure allows NFG to manage natural gas assets from extraction to delivery efficiently.
Exploration and Production is a significant revenue driver for NFG, primarily through developing the Marcellus Shale. This segment focuses on finding and extracting natural gas, contributing to America's goal of energy independence.
The Pipeline and Storage segment is crucial for transporting and storing natural gas. NFG ensures the safe and reliable delivery of energy, maintaining a robust infrastructure that supports other segments and external customers.
Gathering involves collecting natural gas from production sites and transporting it to the main pipeline systems. This segment has received the EO100™ certification for its commitment to environmental, social, and governance (ESG) standards, highlighting its dedication to sustainable practices.
The Utility segment delivers natural gas to over 740,000 customers in New York and Pennsylvania, emphasizing safety, reliability, and excellent customer service. This division plays a vital role in the company's overall operations.
National Fuel is committed to responsible energy production and sustainability. Their recent achievements include obtaining EO100™ certification for their Midstream operations, underscoring their leadership in ESG standards. The company's comprehensive approach ensures long-term benefits for shareholders, employees, and communities.
NFG's financial health is robust, supported by a balanced portfolio and strategic partnerships. The company continuously adapts to market conditions and regulatory changes, aiming for sustainable growth and energy independence.
For more information, visit nationalfuel.com.
National Fuel Gas Company (NYSE:NFG) reported a strong third quarter for fiscal 2022, with GAAP net income of $108.2 million ($1.17 per share), a 24% increase year-over-year. Adjusted operating results soared to $141.9 million ($1.54 per share), a 66% increase. The company successfully sold its California assets for approximately $241 million, while revising fiscal 2022 earnings guidance to $5.85-$5.95 per share and initiating fiscal 2023 guidance at $7.25-$7.75. Continued strong natural gas production is expected, bolstered by an improved commodity price outlook.
National Fuel Gas Company (NYSE:NFG) will hold a teleconference on August 5, 2022, at 11 a.m. (ET) to discuss its third quarter fiscal 2022 results. The event will feature remarks from President & CEO David P. Bauer and other key executives, followed by a question-and-answer session. Interested participants must pre-register via the provided link to receive access details. The call will also be available for online listening and replay after the event until August 12, 2022. More information can be found on the National Fuel website.
National Fuel Gas Company (NYSE: NFG) announced the successful sale of its California properties to Sentinel Peak Resources for net proceeds of approximately $241 million. This transaction is part of Seneca Resources Company, LLC, the exploration and production segment of National Fuel. The sale aims to strengthen the company’s financial position and focus on its core operations in natural gas and oil assets across various segments, including pipeline and storage.
The National Fuel Gas Company (NFG) has announced a 4.4% increase in its quarterly dividend, raising it from 45.5 cents to 47.5 cents per share. This adjustment marks the 52nd consecutive year of annual dividend increases, underscoring the company's commitment to returning value to shareholders. The new annual dividend rate is $1.90 per share, with payment scheduled for July 15, 2022, to stockholders on record by June 30, 2022. National Fuel has consistently paid dividends for 120 years.
National Fuel Gas Company (NFG) reported a GAAP net income of $167.3 million for Q2 FY2022, equating to $1.82 per share, a 48% increase year-over-year. Adjusted earnings were $154.4 million, or $1.68 per share, reflecting a 25% rise. The company increased its fiscal 2022 earnings guidance to $5.70-$6.00 per share, driven by strong Appalachian natural gas production and higher commodity prices. Additionally, NFG plans to divest California assets for $280-310 million, enhancing financial flexibility.
National Fuel Gas Company (NYSE:NFG) has announced a teleconference to discuss its second quarter fiscal 2022 results. The call is scheduled for May 6, 2022, at 11 a.m. (ET), featuring President David P. Bauer and other executives. Participants must pre-register to join the call and will receive further instructions via email. The teleconference will also be available as a webcast on the company's investor website. An audio replay will be accessible from May 6 until May 13, 2022.
National Fuel Gas Company (NFG) announced leadership changes, including Michael Kasprzak's retirement as President of Midstream effective April 1, 2022, after over 40 years with the company. Justin Loweth, current President of Seneca Resources, will succeed him, aiming to enhance efficiency across both divisions. James Welch has been promoted to Vice President of Midstream. Additionally, Jeffrey Hart will retire in June, with Sarah Mugel overseeing Corporate Responsibility initiatives. Meghan Corcoran has been appointed General Manager of Corporate Responsibility, focusing on strengthening ESG practices.
The Board of Directors of National Fuel Gas Company (NFG) has declared a quarterly dividend of 45.5 cents per share, payable on April 15, 2022. Stockholders of record by March 31, 2022 will receive this dividend, impacting the approximately 91.4 million shares outstanding. Additionally, the company held its Annual Meeting, where stockholders approved management proposals including the election of new directors and the appointment of PricewaterhouseCoopers LLP as the independent auditor.
National Fuel Gas Company released its 2022 Climate Report, enhancing its ESG disclosures and aligning with the TCFD framework. The report emphasizes the company's resilience to climate change risks and outlines its commitment to the energy transition. President David P. Bauer articulated the role of natural gas in future energy needs and detailed the company's three-pronged approach to climate change: reducing emissions, advancing energy conservation, and embracing new technologies. The report covers the company's upstream, midstream, and downstream operations and is available online.
National Fuel Gas Company (NYSE: NFG) announced that Seneca Resources has achieved certification for approximately 300 million cubic feet per day of its Appalachian natural gas production under Project Canary’s TrustWell program. This certification arose from an assessment of 121 wells in Pennsylvania, earning 'Platinum' or 'Gold' ratings, indicating low methane emissions and effective water management. About 30% of National Fuel's production can now be marketed as Responsibly Sourced Gas (RSG), enhancing its marketability and demonstrating a commitment to sustainability.
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