National Fuel Gas Co. - NFG STOCK NEWS

National Fuel Gas Company (NYSE:NFG) reported strong third-quarter results for fiscal 2021, achieving a GAAP net income of $86.5 million ($0.94 per share), up from $41.3 million ($0.47 per share) a year ago. Adjusted EBITDA increased 36% to $234.2 million. The Exploration and Production segment saw a 48% rise in net production to 83.1 Bcfe, with cash operating costs decreasing 5% to $1.13 per Mcfe. The company raised its fiscal 2021 EPS guidance to $4.05-$4.15 and initiated fiscal 2022 guidance between $4.40-$4.80 per share, marking a projected 12% increase.

On July 29, 2021, Seneca Resources Company, part of National Fuel Gas Company (NFG), announced a collaboration with U.S. Well Services (USWS) for a field trial in Lycoming County, PA. This trial marks Seneca's first use of all-electric fracturing technology for six well completions, aimed at reducing greenhouse gas emissions. The results will contribute to a unique study assessing low-carbon well-completion equipment. Both companies emphasized their commitment to sustainability and operational efficiency through this innovative technology.

On July 29, 2021, Seneca Resources and U.S. Well Services (USWS) announced a collaboration to conduct a field trial in Lycoming County, utilizing USWS' Clean Fleet® technology for all-electric well completions. This trial marks Seneca's inaugural use of electric fracturing technology, aligning with its commitment to reduce greenhouse gas emissions. The project aims to analyze emissions data during operations, contributing to Seneca's comprehensive study of low-carbon well completion methods. Results are anticipated to inform future emissions reduction initiatives.

National Fuel Gas Company (NYSE:NFG) invites participants to its teleconference on August 6, 2021, at 11 a.m. (ET) to discuss third quarter fiscal 2021 results and provide operational updates. Key executives, including David P. Bauer, will present for approximately 20 minutes, followed by a Q&A session. Pre-registration is mandatory, and a webcast will be available on the company’s website. An audio replay will start two hours post-call and be accessible until August 13, 2021.

Seneca Resources Company, the exploration and production segment of National Fuel Gas Company (NYSE: NFG), and NexTier Oilfield Solutions Inc. (NYSE: NEX) have announced a collaborative study to assess carbon emissions from hydraulic fracturing equipment. This initiative aims to provide comprehensive, real-time emissions data comparing various technologies, including Tier 2 and Tier 4 diesel engines, natural gas turbine engines, and electric frac equipment. The emissions testing will be third-party verified and adhere to EPA guidelines, reinforcing both companies' commitment to sustainable operations and environmental responsibility.

National Fuel Gas Company (NYSE:NFG) announced a 2.2% increase in its quarterly dividend, raising it from 44.5 cents to 45.5 cents per share, resulting in an annual rate of $1.82. This reflects the company's commitment, having paid dividends for 119 consecutive years and increased its annual dividend for 51 straight years. The dividend is payable on July 15, 2021, to shareholders of record by June 30, 2021.

National Fuel Gas Company (NFG) reported a strong fiscal 2021 second quarter with GAAP net income of $112.4 million or $1.23 per share, recovering from a loss of $106.1 million in the prior year. Adjusted operating results increased to $123.2 million or $1.34 per share, a rise from $84.2 million. Adjusted EBITDA grew 29% to $298.4 million. The company raised its earnings guidance to $3.85 to $4.05 per share, driven by enhanced production and pipeline expansions. The Exploration and Production segment saw a notable 43% increase in production, totaling 85.2 Bcfe.

National Fuel Gas Company (NYSE: NFG) announced the appointment of Justin I. Loweth as President of Seneca Resources, the company's Exploration and Production segment. Loweth, who joined Seneca in 2011, has held multiple roles, including Vice President of Finance and Acquisitions and Senior Vice President. He graduated from Southern Methodist University with a degree in business administration, focusing on finance and real estate. National Fuel operates diverse energy assets across four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility.

National Fuel Gas Company (NYSE:NFG) will host a teleconference on Friday, May 7, 2021, at 11 a.m. (ET) to discuss its second quarter fiscal 2021 results. Management representatives include CEO David P. Bauer and other key executives. The teleconference will feature prepared remarks for approximately 20 minutes, followed by a Q&A session. Participants must pre-register to join, and the call will also be available via webcast. An audio replay will be accessible two hours post-call, lasting until May 14, 2021.