NATIONAL FUEL GAS CO reported second quarter fiscal 2026 results: net income $247.7 million, EPS $2.59.
“NATIONAL FUEL REPORTS SECOND QUARTER FISCAL 2026 EARNINGS WILLIAMSVILLE, N.Y. National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the second quarter of its 2026 fiscal year. SECOND QUARTER FISCAL 2026 SUMMARY • GAAP earnings of $247.7 million, or earnings per share (EPS) of $2.59, compared to GAAP earnings of $216.4 million, or $2.37 per share, in the prior year. • Adjusted EPS of $2.71, an increase of 13% from the prior year. See non-GAAP reconciliation on page 2. • Net cash provided by operating activities of $657 million, with free cash flow of $160 million (as defined on page 22) through the second quarter year-to-date, a $111 million increase from the prior year. • Integrated Upstream and Gathering segment adjusted EPS of $1.67, an increase of 21% compared to the prior year, driven by a 17% increase in natural gas price realizations. • Utility segment net income of $65 million, an increase of 3% compared to the prior yea”
Debt Financings
NATIONAL FUEL GAS CO amended revolving credit of $1.3 billion unsecured committed revolving credit facility with PNC Bank, National Association, as administrative agent, and the following lenders: PNC Bank, National Association; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; The Toronto-Dominion Bank, New York Branch; Wells Fargo Bank, National Association; Canadian Imperial Bank of Commerce, New York Branc at applicable margin ranging from 1.00% to 1.525% maturing March 27, 2031.
“The Credit Agreement amends and restates that certain credit agreement, dated as of February 28, 2022, among the Company, JPMorgan Chase Bank, N. A., as administrative agent, and the lenders party thereto. The Credit Agreement provides a $1.3 billion unsecured committed revolving credit facility with an initial maturity date of March 27, 2031.”
Material Agreements
NATIONAL FUEL GAS CO entered into Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent, and the following lenders: PNC Bank, National Association; Bank of America, N.A.; JPMorgan Chase Bank, N. A.; The Toronto-Dominion Bank, New York Branch; Wells Fargo Bank, National Association; Canadian Imperial Bank of Commerce, New York Bran valued at $1.3 billion (effective 2026-03-27).
“On March 27, 2026, National Fuel Gas Company (the “ Company ”) entered into an Amended and Restated Credit Agreement (the “ Credit Agreement ”), with PNC Bank, National Association, as administrative agent, and the following lenders: PNC Bank, National Association; Bank of America, N.A.; JPMorgan Chase Bank, N. A.; The Toronto-Dominion Bank, New York Branch; Wells Fargo Bank, National Association; Canadian Imperial Bank of Commerce, New York Branch; Godman Sachs Bank USA; KeyBank National Association; Mizuho Bank, Ltd.; U.S. Bank National Association; Comerica Bank, a division of Fifth Third Bank, N.A.; M&T Bank Corporation; and Truist Bank.”
Material Agreements
NATIONAL FUEL GAS CO entered into Subscription Agreement with certain investors valued at $350 million (effective 2025-12-12).
“On December 12, 2025, National Fuel Gas Company (the “Company”) entered into a common stock subscription agreement (the “Subscription Agreement”) with certain investors (the “Investors”) pursuant to which the Company agreed to sell to the Investors, in a private placement, shares of common stock (the “Offering”). Upon closing of the Offering, the Company expects to receive gross proceeds of $350 million”
Equity Issuances
NATIONAL FUEL GAS CO issued 4,402,513 shares of common stock of common stock to certain investors for purchase price of $79.50 per share, gross proceeds of $350 million.
“agreed to sell to the Investors, in a private placement, shares of common stock (the “Offering”). Upon closing of the Offering, the Company expects to receive gross proceeds of $350 million, before deducting fees and expenses, resulting from the sale of 4,402,513 shares of common stock at a purchase price of $79.50 per share. The Offering is expected to close on”
Michael D. Colpoys was appointed as President of National Fuel Gas Distribution Corporation at NATIONAL FUEL GAS CO.
“As previously disclosed by the Company, Ms. DeCarolis will be succeeded as President of Distribution Corporation by Michael D. Colpoys, effective July 1, 2025.”
Donna L. DeCarolis retired as President of National Fuel Gas Distribution Corporation at NATIONAL FUEL GAS CO.
“As previously disclosed by the Company, Ms. DeCarolis has determined to retire from employment with the Company on July 1, 2025 (the “Retirement Date”).”
Donna L. DeCarolis retired as President of National Fuel Gas Distribution Corporation at NATIONAL FUEL GAS CO.
“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.”
Ronald C. Kraemer departed as Chief Operating Officer at NATIONAL FUEL GAS CO.
“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.”
Earnings Releases
NATIONAL FUEL GAS CO reported fiscal year ended September 30, 2024 results: EPS $4.75 to $5.05 per share. Guidance lowered.
“Company is revising its fiscal 2024 earnings guidance to a range of $4.75 to $5.05 per share, excluding items impacting comparability, while lowering capital expenditure guidance to a range of $885 to $980 million.”
Earnings Releases
NATIONAL FUEL GAS CO reported the quarter and six months ended March 31, 2024 results: net income $166.3 million, or $1.80 per share, EPS $1.80 per share. Guidance lowered.
“National Fuel Gas Company (the “Company”) issued a press release regarding its earnings for the quarter and six months ended March 31, 2024.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal 2024 at the 2024-03-11 meeting.
“The vote with respect to ratification of the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal 2024 was as follows: For, 78,550,144 (97.9% of the votes cast); Against, 1,666,466; Abstain, 172,210; Broker Non-Votes, 0.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Approval of Revised 2010 Equity Compensation Plan at the 2024-03-11 meeting.
“The vote with respect to approval of the Revised 2010 Equity Compensation Plan was as follows: For, 67,003,018 (94.3% of the votes cast); Against, 4,019,988; Abstain, 401,471; Broker Non-Votes, 8,964,343.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Advisory vote to approve named executive officer compensation at the 2024-03-11 meeting.
“The advisory vote with respect to approval of named executive officer compensation was as follows: For, 68,395,504 (96.4% of the votes cast); Against, 2,559,893; Abstain, 469,080; Broker Non-Votes, 8,964,343.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Election of Directors at the 2024-03-11 meeting.
“The votes with respect to the directors were as follows: For Percentage of Votes Cast For Withheld Broker Non-Votes David H. Anderson 70,476,950 98.7% 947,527 8,964,343 David P. Bauer 70,309,228 98.4% 1,115,249 8,964,343 Barabara M. Baumann 70,679,941 99.0% 744,536 8,964,343 David C. Carroll 67,131,348 94.0% 4,293,129 8,964,343 Steven C. Finch 68,414,425 95.8% 3,010,052 8,964,343 Joseph N. Jaggers 70,355,409 98.5% 1,069,068 8,964,343 Rebecca Ranich 67,476,581 94.5% 3,947,896 8,964,343 Jeffrey W. Shaw 68,448,734 95.8% 2,975,743 8,964,343 Thomas E. Skains 68,621,132 96.1% 2,803,345 8,964,343 David F. Smith 69,781,694 97.7% 1,642,783 8,964,343 Ronald J. Tanski 70,176,955 98.3% 1,247,522 8,964,343”
Debt Financings
NATIONAL FUEL GAS CO incurred credit facility of $300 million unsecured committed delayed draw term loan credit facility with JPMorgan Chase Bank, N.A., as administrative agent at adjusted term secured overnight financing rate plus an applicable margin of 1.37 maturing February 14, 2026.
“On February 14, 2024, National Fuel Gas Company (the “Company”) entered into a Term Loan Agreement (the “Term Loan Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and the following lenders: JPMorgan Chase Bank, N.A.; Bank of America, N.A.; PNC Bank, National Association; The Toronto Dominion Bank, New York Branch; U.S. Bank National Association; and Wells Fargo Bank, National Association. The Term Loan Agreement provides a $300 million unsecured committed delayed draw term loan credit facility with a maturity date of February 14, 2026.”
Material Agreements
NATIONAL FUEL GAS CO entered into Term Loan Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the following lenders: JPMorgan Chase Bank, N.A.; Bank of America, N.A.; PNC Bank, National Association; The Toronto Dominion Bank, New York Branch; U.S. Bank National Association; and Wells Fargo Bank, National Association valued at $300 million (effective 2024-02-14).
“On February 14, 2024, National Fuel Gas Company (the “Company”) entered into a Term Loan Agreement (the “Term Loan Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and the following lenders: JPMorgan Chase Bank, N.A.; Bank of America, N.A.; PNC Bank, National Association; The Toronto Dominion Bank, New York Branch; U.S. Bank National Association; and Wells Fargo Bank, National Association.”
Earnings Releases
NATIONAL FUEL GAS CO reported first quarter of its 2024 fiscal year results: net income $133.0 million, EPS $1.44 per share. Guidance lowered.
“National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the first quarter of its 2024 fiscal year. FISCAL 2024 FIRST QUARTER SUMMARY • GAAP net income of $133.0 million, or $1.44 per share, compared to GAAP net income of $169.7 million, or $1.84 per share, in the prior year.”
Earnings Releases
NATIONAL FUEL GAS CO reported financial results for the quarter and fiscal year ended September 30, 2023.
“On November 1, 2023, National Fuel Gas Company (the “Company”) issued a press release regarding its earnings for the quarter and fiscal year ended September 30, 2023.”
Earnings Releases
NATIONAL FUEL GAS CO reported second quarter of its 2023 fiscal year and for the six months ended March 31, 2023 results: net income $140.9 million, or $1.53 per share. Guidance lowered.
“National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the second quarter of its 2023 fiscal year and for the six months ended March 31, 2023.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Ratification of appointment of independent registered public accounting firm for fiscal 2023 at the 2023-03-09 meeting.
“The vote with respect to ratification of the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal 2023 was as follows: For, 79,228,869 (97.3% of the votes cast); Against, 2,163,884; Abstain, 195,637; Broker Non-Votes, 0.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Advisory vote on frequency of future advisory votes on named executive officer compensation at the 2023-03-09 meeting.
“The advisory vote with respect to the frequency of future advisory votes on named executive officer compensation was as follows: Every Year, 69,670,181 (96.7% of the votes cast); Every Two Years, 280,575; Every Three Years, 2,101,294; Abstain, 477,043; Broker Non-Votes, 9,059,297.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Advisory vote on approval of named executive officer compensation at the 2023-03-09 meeting.
“The advisory vote with respect to approval of named executive officer compensation was as follows: For, 70,517,777 (97.9% of the votes cast); Against, 1,518,971; Abstain, 492,345; Broker Non-Votes, 9,059,297.”
Shareholder Votes
NATIONAL FUEL GAS CO shareholders approved Election of Directors at the 2023-03-09 meeting.
“At the Annual Meeting, the stockholders elected David C. Carroll, Steven C. Finch, Joseph N. Jaggers, Jeffrey W. Shaw, Thomas E. Skains, David F. Smith and Ronald J. Tanski as directors for one-year terms.”
Timothy J. Silverstein was appointed as Treasurer and Principal Financial Officer at NATIONAL FUEL GAS CO.
“Ms. Camiolo will be succeeded as Treasurer and Principal Financial Officer of the Company by Timothy J. Silverstein, effective May 1, 2023”
Karen M. Camiolo departed as Treasurer and Principal Financial Officer at NATIONAL FUEL GAS CO.
“Ms. Camiolo has determined to retire from employment with Distribution Corporation on May 1, 2023”
Earnings Releases
NATIONAL FUEL GAS CO reported the quarter ended December 31, 2022 results: net income $169.7 million, EPS $1.84 per share. Guidance lowered.
“GAAP net income of $169.7 million, or $1.84 per share, compared to GAAP net income of $132.4 million, or $1.44 per share, in the prior year, an increase of 28% per share.”
Earnings Releases
NATIONAL FUEL GAS CO updated its fiscal 2023 guidance (raised).
“The Company is now projecting that earnings will be within the range of $6.40 to $6.90 per share, an increase of 13% from the Company’s 2022 adjusted operating results at the midpoint of the updated guidance range.”
Earnings Releases
NATIONAL FUEL GAS CO reported financial results for three months ended September 30, 2022.
“On November 3, 2022, National Fuel Gas Company (the “Company”) issued a press release regarding its earnings for the quarter and fiscal year ended September 30, 2022.”
Earnings Releases
NATIONAL FUEL GAS CO reported financial results for fiscal year ended September 30, 2022.
“On November 3, 2022, National Fuel Gas Company (the “Company”) issued a press release regarding its earnings for the quarter and fiscal year ended September 30, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.