National Fuel raises $350M in private placement to fund Ohio gas utility acquisition

NATIONAL FUEL GAS CO

Gross proceeds of $350M from sale of 4.4M shares at $79.50/share; closing expected Dec 17, 2025.
Net proceeds to partially finance the previously announced acquisition of CenterPoint's Ohio regulated gas utility business.
Company states offering satisfies common equity needs for acquisition and supports current investment-grade credit rating.
Shares sold to accredited investors under Rule 506; resale registration to be filed within 15 days after closing.
Wells Fargo Securities and TD Securities acting as placement agents.

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