National Fuel Gas Reports Fiscal 2026 Results and Provides Conservative Fiscal 2027 Guidance
National Fuel Gas (NFG) reported fiscal 2026 adjusted earnings per share of $7.55, a 9% increase from the previous year. Despite this growth, the company issued cautious guidance for fiscal 2027, projecting adjusted EPS between $6.00 and $6.40. This projected decline is primarily attributed to an assumed average NYMEX natural gas price of $2.85 per MMBtu. The company's utility segment is expected to see significant growth, with operating income guidance of $235 million to $255 million—a twofold increase driven by the acquisition of CenterPoint Energy's Ohio natural gas utility business. While upstream production and earnings face headwinds from lower commodity prices, NFG has hedged approximately two-thirds of its expected 2027 production at a floor price of $3.80 per MMBtu to mitigate volatility.
Topics: capital expenditures earnings guidance fiscal year results natural gas prices production guidance
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Part of the story Mach Natural Resources Reports Q3 2026 Results and Provides 2027 Guidance (13 articles)