Highest-materiality recent filing
National Fuel Gas receives PUCO approval for $2.62B Vectren Ohio acquisition
PUCO issued order accepting/approving the $2.62B acquisition of Vectren Energy Delivery of Ohio on June 24, 2026, subject to conditions.
National Fuel Gas issues $1.5B of notes: 4.75% due 2029, 5.05% due 2031, 5.50% due 2036
$1.5B total: $500M 4.75% notes due 2029, $500M 5.05% notes due 2031, $500M 5.50% notes due 2036.
National Fuel Gas to redeem entire $300M 5.50% Notes due Oct 2026 on June 11
Exercised optional redemption rights for all $300M of 5.50% Notes due October 2026.
NFG files financials for $2.62B CenterPoint Ohio acquisition; close expected Q4 2026
Purchase price $2.62B: $1.42B cash at close + $1.2B 364-day seller promissory note.
National Fuel Q2 FY2026: adj. EPS $2.71 (+13% YoY); guidance revised to $7.45-$7.75
GAAP EPS $2.59 vs $2.37 prior year; adjusted EPS $2.71, up 13% YoY.
National Fuel updates investor presentation, reaffirms >10% adjusted EPS growth target through FY27E
Reaffirms >10% adjusted EPS growth from FY24 to FY27E.
National Fuel Gas enters $1.3B amended credit facility maturing 2031, replacing 2022 agreement.
$1.3B unsecured committed revolving credit facility with initial maturity March 27, 2031.
NFG shareholders elect all 11 directors, approve say-on-pay and auditor
All 11 director nominees elected with at least 93.6% of votes cast; Rebecca Ranich received lowest support at 93.6%.
National Fuel Q1 fiscal 2026 GAAP EPS $1.98, adjusted EPS $2.06 (up 24% YoY)
GAAP earnings $181.6M ($1.98/share) vs $45.0M ($0.49) prior year; adjusted earnings $187.7M ($2.06/share) vs $151.9M ($1.66).
Presentation targets >10% adjusted EPS growth from FY24 to FY27E.
Filed prospectus supplement on Dec 29, 2025 to register 4,402,513 common shares for resale.
National Fuel raises $350M in private placement to fund Ohio gas utility acquisition
Gross proceeds of $350M from sale of 4.4M shares at $79.50/share; closing expected Dec 17, 2025.
National Fuel Gas grants performance shares and RSUs to named executives; amends incentive plan
CEO Bauer receives 35,977 TSR performance shares and 23,307 RSUs; CFO Silverstein 11,447 and 7,416; J. Loweth 18,083 and 11,715.
Q4 adj EPS $1.22 (+58% YoY); GAAP EPS $1.18 vs prior-year loss $1.84.
NFG amends credit facilities for $1.2B seller note to fund Vectren Ohio acquisition
On Oct 20, NFG agreed to acquire all equity of Vectren Energy Delivery of Ohio from CenterPoint Energy Resources.
Investor presentation dated November 2025 covers fiscal 2025 Q4 & full year update.
National Fuel to acquire CenterPoint's Ohio gas utility Vectren Energy for $2.62B
Purchase price $2.62B cash-free, debt-free; ~1.6x estimated 2026 rate base of $1.6B.
National Fuel Q3 adjusted EPS $1.64, up 66%; FY2026 prelim guidance up ~20%
GAAP EPS $1.64 vs $(0.59) loss; adjusted EPS $1.64 vs $0.99, up 66%.
NFG updates investor presentation targeting >10% EPS growth FY24-FY27E
Dividend history: 123 consecutive years of payments, 55 consecutive years of increases.
Donna L. DeCarolis retires as NFG Distribution president; consulting deal at $15k/month through 2028
Retires as President of National Fuel Gas Distribution Corp effective July 1, 2025.
National Fuel reports Q2 GAAP EPS $2.37, adj. EPS $2.39; raises FY25 guidance
GAAP net income $216M ($2.37/sh) vs $166M ($1.80/sh) prior year; adjusted operating results $218M ($2.39/sh), up 34% per share.
National Fuel updates investor presentation with dividend history and EPS growth target
Updated investor presentation for fiscal 2025 second quarter, highlighting strong dividend track record.
National Fuel Utility President Donna DeCarolis to retire July 1, 2025; Michael Colpoys to succeed
DeCarolis retires after 40+ years; stays as Senior Energy Advisor focusing on NY energy policy.
All 11 director nominees elected with 93.7% to 99.1% of votes cast, including David H. Anderson and others.
National Fuel Gas issues $1.0B in notes: $500M 5.50% due 2030 and $500M 5.95% due 2035
Issued $500M of 5.50% notes due 2030 and $500M of 5.95% notes due 2035.
National Fuel Gas to redeem $950M in notes due 2025 and 2026 on March 6
Exercises redemption of $450M 5.20% Notes due July 2025 and $500M 5.50% Notes due January 2026.
GAAP net income $45.0M ($0.49 EPS) vs $133.0M ($1.44) prior year; includes $141.8M pre-tax ceiling-test impairment.
National Fuel updates investor presentation; reaffirms >10% adjusted EPS growth target FY24-FY27E
Investor presentation updated with Q1 fiscal 2025 information; market cap ~$6.2B.
NFG grants FY2025 LTI and bonus awards; performance shares tied to emissions, ROC, TSR
CEO Bauer: 2,990 emissions performance shares, 23,422 ROC & TSR each, 24,076 RSUs; CFO Silverstein: 511, 4,004, 4,115 respectively.
National Fuel Q4 GAAP loss $167.6M on impairment; guides FY25 EPS $5.50-$6.00
GAAP net loss $167.6M ($1.84/share) in Q4; adjusted operating results $70.5M ($0.77/share) vs $72.2M prior year.
National Fuel updates investor presentation; reiterates >10% adjusted EPS growth FY24-FY27E
Updated investor presentation reaffirms 122-year dividend history and 54-year dividend increase streak.
National Fuel COO Ronald Kraemer to retire Feb 1, 2025; Joseph Del Vecchio named successor
Ronald C. Kraemer, COO of National Fuel Gas Company and President of pipeline/storage subs, retires effective Feb. 1, 2025 after 46 years.
Joint Proposal filed Sept 9, 2024 for 3-year NY rate settlement; pending NY PSC approval.
GAAP net loss of $54.2M ($0.59/sh) vs net income of $92.6M ($1.00/sh) a year ago; includes $145M after-tax impairment.
NFG furnishes updated investor presentation with no new material financial data
Presentation highlights ~1.1 Bcf/day net production, 754K utility customers, and $2.7B investments since 2010.
National Fuel Q2 GAAP EPS $1.80 (+18% YoY); FY2024 guidance $4.75-$5.05
GAAP net income $166.3M ($1.80 EPS) vs $140.9M ($1.53 EPS) prior year.
NFG updates investor presentation with segment metrics; no earnings or guidance changes evident
Exploration & Production: ~1.2M net acres, ~1.1 Bcf/day production, 51% of adjusted EBITDA.
National Fuel authorizes $200M share buyback; dividend held at $0.495
Board authorizes $200M share repurchase program, targeting completion by end of fiscal 2025.
National Fuel Gas enters $300M delayed draw term loan facility due Feb 2026
Facility is a $300M unsecured committed delayed draw term loan maturing Feb 2026.
National Fuel Q1 GAAP EPS $1.44 vs $1.84 YoY; FY guidance cut to $4.90-$5.20
GAAP net income $133.0M ($1.44/sh) vs $169.7M ($1.84/sh) prior year; adjusted $135.2M ($1.46/sh).
Presentation restates NFG’s integrated model: E&P (51% of EBITDA), Midstream (37%), Utility (12%).
NFG awards performance shares with ESG, ROC, TSR goals to named executive officers
ESG performance shares: CEO Bauer (3,638), CFO Silverstein (529), others; vest based on methane intensity & GHG reductions by 2026.
National Fuel Q4 EPS $0.80 vs $1.71 prior year; FY 2024 guidance $5.40-$5.90
Q4 GAAP net income $73.7M ($0.80 diluted) from $158.1M ($1.71) prior year; adjusted EPS $0.78 vs $1.19.
National Fuel updates Q4 fiscal 2023 investor presentation
Updated presentation highlights 53% of EBITDA from E&P, 36% from Pipeline & Storage, 11% from Utility.
National Fuel Gas files legal opinion as exhibit to existing S-3 registration
Filed opinion of Scarinci Hollenbeck, LLC as Exhibit 5.1 to Form S-3 (Registration No. 333-273926).
National Fuel Q3 adjusted EPS $1.01 vs $1.54 YoY; FY24 guide midpoint $5.75
GAAP net income $92.6M ($1.00/diluted share) vs $108.2M ($1.17) in prior-year quarter.
National Fuel updates investor presentation with Q3 fiscal 2023 operational overview
Presentation reiterates NFG is an integrated natural gas company with ~1.2 million net acres in Appalachia and net production ~1.04 Bcf/day.
National Fuel Gas closes $300M 5.50% notes due 2026 offering
$300M aggregate principal of 5.50% notes due 2026 issued.
National Fuel Q2 EPS $1.53 vs $1.82 YoY; cuts FY guide to $5.10-$5.40; buys PA assets for $127M
GAAP EPS $1.53, adjusted $1.54 per share; net income $140.9M vs $167.3M prior year.
National Fuel updates investor presentation with Q2 FY2023 operational metrics
Upstream production ~1.04 Bcf/day; 1.2M net acres in Marcellus & Utica shales.
As previously disclosed by the Company, Ms. DeCarolis will be succeeded as President of Distribution Corporation by Michael D. Colpoys, effective July 1, 2025.
As previously disclosed by the Company, Ms. DeCarolis has determined to retire from employment with the Company on July 1, 2025 (the “Retirement Date”).
On March 31, 2025, Donna L. DeCarolis, President of National Fuel Gas Distribution Corporation, provided notice to National Fuel Gas Company of her intention to retire, effective July 1, 2025.
On October 21, 2024, Ronald C. Kraemer, Chief Operating Officer of National Fuel Gas Company (the “Company”) and President of the Company’s pipeline and storage subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc., provided notice to the Company of his intention to retire, effective February 1, 2025.
Ms. Camiolo will be succeeded as Treasurer and Principal Financial Officer of the Company by Timothy J. Silverstein, effective May 1, 2023
Ms. Camiolo has determined to retire from employment with Distribution Corporation on May 1, 2023
Max materiality 0.95 · Median 0.55 · Most common event other_material