Nov 5, 8:20 AM ET
National Fuel reported fourth-quarter fiscal 2026 GAAP earnings of $97.5 million, or $1.02 per share, down from $1.18 a year earlier, while adjusted EPS was flat at $1.22. For the full fiscal year, GAAP EPS rose to $7.02 from $5.68 and adjusted EPS rose 9% to $7.55, but the company initiated fiscal 2027 adjusted EPS guidance of $6.00 to $6.40, below the fiscal 2026 result.
- Q4 fiscal 2026 GAAP EPS was $1.02 versus $1.18; adjusted EPS was $1.22, unchanged from the prior year
- Fiscal 2026 adjusted EPS was $7.55, up 9% from $6.91; GAAP EPS was $7.02 versus $5.68
- Fiscal 2027 adjusted EPS guidance is $6.00 to $6.40, assuming a NYMEX gas price of $2.85 per MMBtu
- Ohio gas utility acquisition closed October 1, 2026; the planned IUG separation (Seneca Resources) is expected in the second half of calendar 2027
Read the filing on SEC.gov ↗
Nov 4, 4:51 PM ET
National Fuel Gas furnished an updated investor presentation, dated November 2026, as Exhibit 99 to this Form 8-K. The deck reports 9% year-over-year adjusted EPS growth for fiscal 2026 and about $200 million of free cash flow, and it restates the planned tax-free spin-off of Seneca Resources, targeted for the second half of calendar 2027. For shareholders, the deck is a presentation update rather than new financial statements, but it lays out the separation terms and the company's expectation of no incremental equity needs over the next five years.
- Fiscal 2026 adjusted EPS grew 9% year over year, and the company generated about $200 million of free cash flow, according to the deck.
- Planned spin-off of Integrated Upstream & Gathering as Seneca Resources is targeted for completion in the second half of calendar 2027; National Fuel expects to retain up to a 19.9% ownership interest.
- The company expects no need to raise incremental equity capital over the next five years based on current capital plans.
- The Ohio utility acquisition closed October 1, 2026, and the Tioga Pathway and Shippingport Lateral projects were placed into service November 1, 2026.
Read the filing on SEC.gov ↗
Oct 1, 6:59 AM ET
National Fuel Gas Company completed its acquisition of CenterPoint Energy's Ohio natural gas utility, Vectren Energy Delivery of Ohio, on October 1, 2026, paying $1.42 billion in cash and a $1.20 billion promissory note to the seller. The note bears 6.5% interest, matures September 30, 2027, and carries covenants including a debt-to-capitalization ceiling of 0.65. The company says the deal adds about 335,000 customers and doubles its utility rate base, but the filing does not quantify the earnings effect.
- Purchase price of $2.62 billion: $1.42 billion in cash plus a $1.20 billion promissory note issued to the seller
- Seller note carries a 6.5% rate and matures September 30, 2027; covenants include a debt-to-capitalization ratio of no more than 0.65
- Acquired utility serves about 335,000 customers in 16 counties near Dayton, Ohio, and about 200 employees are joining the company
Read the filing on SEC.gov ↗
Jul 30, 8:18 AM ET
National Fuel Gas reported third-quarter fiscal 2026 GAAP earnings of $138.6 million, or $1.45 per share, down from $149.8 million, or $1.64 per share, a year earlier. It lowered its fiscal 2026 adjusted EPS guidance to $7.40 to $7.60 from $7.45 to $7.75, which matters to shareholders because the company's headline earnings measures declined and the outlook was reduced.
- Q3 GAAP EPS was $1.45 versus $1.64 a year earlier; adjusted EPS was $1.54 versus $1.64.
- Fiscal 2026 adjusted EPS guidance was revised to $7.40 to $7.60, from $7.45 to $7.75 previously.
- Integrated Upstream and Gathering production guidance was cut to 420 to 430 Bcf from 425 to 440 Bcf.
- The Board approved a 4% dividend increase to an annual rate of $2.22 per share, and the Ohio utility acquisition is expected to close on October 1, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
