National Fuel to sell $350 million of common stock in private placement
On December 12, 2025, National Fuel Gas Company agreed to sell 4,402,513 common shares at $79.50 per share in a private placement, for expected gross proceeds of $350 million before fees and expenses. The offering is expected to close on December 17, 2025, and the company said it has satisfied its common equity needs for its pending acquisition of CenterPoint Energy Resources' Ohio regulated gas utility business. Shareholders will own a share of a company with more common shares outstanding after the offering closes.
Key points
- Gross proceeds of $350 million from the sale of 4,402,513 shares at $79.50 per share, before fees and expenses
- Expected closing date of December 17, 2025, subject to closing conditions
- Proceeds for general corporate purposes, including part of the purchase price for the CenterPoint Ohio gas utility acquisition
- Shares sold only to accredited investors; Wells Fargo Securities and TD Securities are placement agents, and a resale registration statement is due within 15 calendar days after closing
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits 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 December 15, 2025.
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.