National Fuel Gas Reports Q3 Earnings and Updates Fiscal Outlook
National Fuel Gas (NYSE:NFG) reported third-quarter fiscal 2026 adjusted earnings of $1.54 per share, a decline of $0.10 year-over-year due to lower production in its upstream operations despite improved natural-gas pricing and hedge gains. The company revised its full-year EPS guidance for fiscal 2026 to between $7.40–$7.60 per share and expects annual earnings-per-share growth of 7%–10% through fiscal 2029, assuming the current forward curve remains stable. National Fuel is on track to complete its acquisition of CenterPoint's Ohio gas utilities in Q4 2026, supported by $1.5 billion in debt financing and new share issuance. The company plans to prioritize free cash flow toward reducing leverage to a target range of 2–2.25 times over the next few years. It also announced expansion projects including record-length laterals for production starting in early 2027, as well as $100 million–$200 million in investments to expand its Tioga County acreage.
Tickers: $NFG
Topics: energy sector financial performance guidance update natural gas