m_and_a
confidence high
sentiment neutral
materiality 0.75
NFG files financials for $2.62B CenterPoint Ohio acquisition; close expected Q4 2026
NATIONAL FUEL GAS CO
- Purchase price $2.62B: $1.42B cash at close + $1.2B 364-day seller promissory note.
- Transaction expected to close Q4 2026; cannot close before Oct 1, 2026 without seller consent.
- Conditions include HSR antitrust review expiration and PUCO approval.
- CenterPoint Ohio serves ~337,000 customers via 6,000 miles of pipeline in Ohio.
- Target reported FY2025 net income of $68M and revenue of $268M; audited and pro forma statements filed.