National Fuel posts Q3 EPS of $1.64 vs. prior-year loss; gives FY2026 outlook
National Fuel Gas reported third-quarter fiscal 2025 GAAP earnings of $149.8 million, or $1.64 per share, compared with a net loss of $54.2 million, or $0.59 per share, a year earlier. The company revised its fiscal 2025 adjusted EPS guidance to $6.80 to $6.95 and issued preliminary fiscal 2026 guidance of $8.00 to $8.50 per share at a $4.00 NYMEX gas price, which it says would be a 20% increase from fiscal 2025. It also raised its dividend 4% to an annual rate of $2.14 per share and paused share repurchases during the quarter.
Key points
- Q3 adjusted EPS of $1.64 rose 66% from $0.99; Seneca produced a company-record 112 Bcf, up 16%
- Fiscal 2025 adjusted EPS guidance revised to $6.80 to $6.95 per share
- Preliminary fiscal 2026 adjusted EPS: $6.35 to $6.85 at $3.00 NYMEX, $8.00 to $8.50 at $4.00, $9.75 to $10.25 at $5.00
- Dividend increased 4% to an annual rate of $2.14 per share; repurchases paused during the quarter
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.