---
schema_version: "secwatch.filing_event.v1"
accession: "0000070145-25-000027"
form_type: "8-K"
ticker: "NFG"
cik: "0000070145"
company_name: "NATIONAL FUEL GAS CO"
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:33:51.079268+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# National Fuel Q3 adjusted EPS $1.64, up 66%; FY2026 prelim guidance up ~20%

## Summary
- GAAP EPS $1.64 vs $(0.59) loss; adjusted EPS $1.64 vs $0.99, up 66%.
- E&P record production 112 Bcf (+16% YoY); realized price $2.71/Mcf (+$0.43) on strong Utica well performance.
- FY2025 adj. EPS guidance raised to $6.80-$6.95. FY2026 at $4 NYMEX: $8.00-$8.50, ~20% growth.
- Dividend increased 4% to $2.14/share annual; share repurchases paused to preserve balance sheet flexibility.
- FY2026 E&P capex down $20M; production expected 440-455 Bcf (+6%). Regulated capex up $110M.

## SEC filing metadata
- accession: 0000070145-25-000027
- form_type: 8-K
- ticker: NFG
- cik: 0000070145
- company_name: NATIONAL FUEL GAS CO
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70145/000007014525000027/0000070145-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70145/000007014525000027/nfg-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070145-25-000027
- JSON: https://secwatch.observer/filing/0000070145-25-000027.json
- Plain text: https://secwatch.observer/filing/0000070145-25-000027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.