National Fuel Q1 adjusted EPS rises 24% to $2.06; fiscal 2026 guidance reaffirmed
National Fuel Gas reported first quarter fiscal 2026 results for the quarter ended December 31, 2025, with GAAP earnings of $181.6 million, or $1.98 per share, versus $45.0 million, or $0.49 per share, a year earlier. The company also reaffirmed its fiscal 2026 adjusted EPS guidance of $7.60 to $8.10, which shareholders can compare with the $2.06 adjusted EPS reported for the quarter.
Key points
- GAAP earnings were $181.6 million, or $1.98 per share, compared with $45.0 million, or $0.49 per share, in the prior year quarter, which included a $141.8 million impairment
- Adjusted EPS was $2.06, up 24% from $1.66 a year earlier
- Fiscal 2026 adjusted EPS guidance of $7.60 to $8.10 was reaffirmed, with a $7.85 midpoint
- The company issued $350 million of common equity through a private placement to fund the CenterPoint Ohio gas utility acquisition, which is expected to close in the fourth quarter of calendar 2026
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 January 29, 2026.
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.