Every material Form 8-K National Fuel Gas filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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.
National Fuel Gas reported second-quarter fiscal 2026 adjusted EPS of $2.71, up 13% from $2.39 a year earlier, with higher realized natural gas prices driving the Integrated Upstream and Gathering segment. The company also lowered its fiscal 2026 adjusted EPS guidance to $7.45 to $7.75 from $7.60 to $8.10, citing a lower natural gas price assumption and weather-related production delays, which matters to shareholders because the guidance midpoint falls to $7.60 from $7.85.
Second-quarter GAAP EPS was $2.59 on earnings of $247.7 million, compared with $2.37 on $216.4 million a year earlier.
Fiscal 2026 adjusted EPS guidance is now $7.45 to $7.75, down from $7.60 to $8.10 previously.
The NYMEX natural gas price assumption for the remaining six months of fiscal 2026 was cut by $0.75 to $3.00 per MMBtu.
The CenterPoint Energy Ohio natural gas utility acquisition is still expected to close in the fourth quarter of calendar 2026.
National Fuel Gas Company entered an Amended and Restated Credit Agreement on March 27, 2026, providing a $1.3 billion unsecured committed revolving credit facility with an initial maturity date of March 27, 2031. The facility replaces a credit agreement dated February 28, 2022, and can fund commercial paper repayment, maturing debt, working capital, capital expenditures and certain permitted acquisitions.
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every National Fuel Gas filing is on SEC EDGAR ↗. 8-K briefs of other companies →