Natl Fuel Gas Co - NFG STOCK NEWS

National Fuel Gas Company (NFG) announced the retirement of John P. McGinnis, President of Seneca Resources, effective May 1, 2021. McGinnis joined the company in 2007 and advanced its Appalachian development program. He will be succeeded by Justin I. Loweth, who has been with Seneca since 2011 and currently serves as Senior Vice President. The leadership transition aims to maintain momentum in the company's natural gas development efforts while minimizing environmental impacts.

National Fuel Gas Company announces that Ronald C. Kraemer will become the new Chief Operating Officer (COO) effective March 1, 2021. He succeeds John R. Pustulka, who is retiring after 47 years. Kraemer, who has been with the company since 1978, will continue his existing roles as President of National Fuel Gas Supply Corporation and Empire Pipeline, Inc.. His extensive experience in pipeline and storage operations positions him to advance the company’s infrastructure investments.

National Fuel Gas Company (NFG) has announced a quarterly dividend of 44.5 cents per share, payable on January 15, 2021. The dividend will benefit shareholders of record by December 31, 2020. With approximately 91 million shares of common stock outstanding, this move reinforces the company's commitment to returning value to its investors. National Fuel operates in various sectors of the energy industry, including Exploration, Pipeline, Storage, Gathering, and Utility.

National Fuel Gas Company (NYSE:NFG) reported its fiscal 2020 results, revealing a GAAP net loss of $145.5 million, or $1.60 per share, influenced by a significant impairment charge. Despite this, the company highlighted several achievements: increased production by 14% to 241.5 Bcfe, a 12% rise in reserves to approximately 3.5 Tcfe, and the completion of a $100 million upstream acquisition expected to enhance cash flow. The dividend was raised for the 50th consecutive year to $1.78 per share. Adjusted EBITDA showed a slight increase, signaling some operational stability amid challenging market conditions.

NFG will host a teleconference to discuss its Fourth Quarter Fiscal 2020 results on Nov. 6, 2020, at 11 a.m. ET. Management will include David P. Bauer, Karen M. Camiolo, and John P. McGinnis. The session is expected to last approximately 20 minutes, followed by a Q&A segment. Participants must pre-register for the call, which can also be accessed through a live webcast on the company's website. An audio replay will be available from Nov. 6 to Nov. 13, 2020.

National Fuel Gas Company has announced a quarterly dividend of 44.5 cents per share, payable on October 15, 2020. Shareholders must be on record by the close of business on September 30, 2020. The company has approximately 91 million shares of common stock outstanding. National Fuel operates in four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility.

National Fuel Gas Company (NFG) has released its inaugural stand-alone Corporate Responsibility Report. This report focuses on the Company's progress in environmental, social, and governance (ESG) metrics, utilizing frameworks from the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative. CEO David P. Bauer emphasized the importance of sustainability in operations, particularly during the COVID-19 pandemic. The report showcases National Fuel's commitment to community engagement and minimal environmental impact, supplementing its existing corporate responsibility website.

National Fuel Gas Company (NFG) reported Q3 FY2020 earnings of $41.3 million, or $0.47 per share, down from $63.8 million, or $0.73 per share, in Q3 FY2019. Excluding a $13.2 million impairment, adjusted earnings were $50.0 million, or $0.57 per share. Adjusted EBITDA fell to $171.9 million compared to $182.9 million a year ago. The Pipeline & Storage segment saw a 35% EBITDA increase, while E&P segment production rose slightly to 56.0 Bcfe. NFG revised its FY2020 EPS guidance down to $2.75-$2.85 but forecasts FY2021 EPS between $3.40 and $3.70, boosted by recent acquisitions.

National Fuel Gas Company (NYSE: NFG) has completed a $504 million acquisition of upstream and midstream gathering assets from SWEPI LP, a subsidiary of Royal Dutch Shell. This acquisition is the largest in the company's 118-year history and is expected to enhance free cash flow, improve operational efficiency, and drive earnings growth in fiscal 2021. National Fuel plans to provide guidance on August 6, 2020, anticipating significant financial benefits from the newly integrated assets.