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 has joined the Building the Clean Hydrogen Economy consortium to develop clean hydrogen pilot projects targeting heavy transport and renewables integration. Led by Guidehouse, the consortium aims to launch at least three pilots in the Southwest U.S., New York, and the Gulf region. The projects will stimulate clean hydrogen demand, facilitating a cost-competitive supply. Participation in this consortium aligns with the company's focus on incorporating low-carbon fuels into its infrastructure, crucial for achieving a net-zero economy.
National Fuel Gas Company (NYSE:NFG) reported impressive fiscal Q1 2022 results, with GAAP net income rising to $132.4 million ($1.44/share), up from $77.8 million ($0.85/share) a year prior. Adjusted operating income also surged 40% to $135.9 million ($1.48/share). Adjusted EBITDA reached $298.2 million, an 18% increase compared to last year. The E&P segment saw net production increase by 7% to 85.1 Bcfe, driven by higher natural gas and oil prices. The company revised its fiscal 2022 earnings guidance upwards to $5.20 to $5.50 per share.
National Fuel Gas Company (NYSE:NFG) will host a teleconference on Friday, Feb. 4, 2022, at 11 a.m. (ET) to discuss its first quarter fiscal 2022 results and provide operational updates. The call will be led by President and CEO David P. Bauer, along with other executives. Pre-registration is required for participants, and the conference will also be available via a webcast. An audio replay will be accessible from Feb. 4 to Feb. 11, 2022. Further details and registration can be found at National Fuel's investor website.
Seneca Resources Company, part of National Fuel Gas Company (NYSE: NFG), announced the certification of its Appalachian natural gas production, exceeding 1 billion cubic feet daily, under Equitable Origin’s EO100™ Standard for Responsible Energy Development. The certification was confirmed through a thorough audit by Geosyntec, emphasizing compliance with environmental, social, and governance (ESG) principles. This achievement highlights Seneca's commitment to sustainability, aiming to differentiate its low methane-intensity production in the market and meet rising demand for responsibly sourced natural gas.
The National Fuel Gas Company (NFG) has announced a quarterly dividend of 45.5 cents per share, set to be paid on January 14, 2022. Shareholders of record by December 31, 2021 are eligible for this payment. With approximately 91.2 million shares outstanding, this reflects the company's commitment to return value to shareholders. National Fuel is a diversified energy entity operating across four segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility.
National Fuel Gas Company (NYSE:NFG) reported strong financial results for the fourth quarter and fiscal year ended September 30, 2021. GAAP net income reached $87 million ($0.95 per share), a significant improvement from a net loss of $145.5 million last year. Adjusted EBITDA increased 35% to $215.9 million. The Exploration and Production (E&P) segment saw a 60% rise in Adjusted EBITDA, with net production up 18% to 79.6 Bcfe. Fiscal 2022 guidance predicts earnings between $5.05 to $5.45 per share, reflecting a 22% increase from 2021 adjusted results.
National Fuel Gas Company (NYSE:NFG) has announced a teleconference to discuss its fourth quarter fiscal 2021 results on November 5, 2021, at 11 a.m. (ET). Key executives, including President and CEO David P. Bauer, will present for about 20 minutes, followed by a Q&A session. Participation requires pre-registration, which can be done via a dedicated link. A simultaneous webcast will be available on the company's investor relations website, and a replay of the teleconference will be accessible from November 5 through November 11, 2021.
National Fuel Gas Company (NYSE:NFG) announced a quarterly dividend of 45.5 cents per share, approved by its Board of Directors. The dividend will be payable on Oct. 15, 2021, to shareholders of record as of Sept. 30, 2021. The company has approximately 91.2 million shares of common stock outstanding and no preferred stock. National Fuel operates across four business segments, focusing on natural gas and oil assets.
National Fuel Gas Company released its 2020 Corporate Responsibility Report, showcasing ESG performance metrics and initiatives to enhance sustainability across its operations in New York, Pennsylvania, California, and Texas. The Report includes improved disclosures on climate risk, in line with the TCFD framework, and sets ambitious methane intensity reduction targets: 40% for Exploration & Production, 30% for Gathering and Utility, and 50% for Pipeline & Storage by 2030. A consolidated goal aims for a 25% GHG emissions reduction using a 2020 baseline.
Seneca Resources Company, part of National Fuel Gas Company (NFG), is pursuing certification for its Appalachian natural gas production under Equitable Origin’s EO100™ Standard. Initiated in May, the certification process focuses on key ESG principles, including governance, community engagement, and environmental impact. Completion is anticipated early next year. President Justin Loweth highlighted that this certification reinforces Seneca's commitment to sustainability and positions its natural gas production favorably in the market amid rising ESG investor interest.
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