Quarterly ResultApr 29, 2026, 04:46 PM
NFG Q2 Adjusted EPS $2.71, +13%; Revises FY26 EPS Guidance
AI Summary
National Fuel Gas Company reported strong second-quarter fiscal 2026 results with adjusted EPS increasing 13% to $2.71 and GAAP earnings rising to $247.7 million. The company revised its fiscal 2026 adjusted EPS guidance to a range of $7.45 to $7.75, primarily due to updated natural gas price assumptions and production impacts. Operational highlights include progress on pipeline expansion projects and a new capacity agreement for the Line N system, with the Ohio acquisition on track for Q4 2026.
Key Highlights
- NFG Q2 Adjusted EPS $2.71, an increase of 13% from the prior year.
- NFG Q2 GAAP earnings $247.7 million ($2.59/share) vs $216.4 million ($2.37/share) prior year.
- Revised fiscal 2026 adjusted EPS guidance to $7.45-$7.75 per share ($7.60 midpoint).
- Integrated Upstream and Gathering segment adjusted EPS $1.67, an increase of 21%.
- Utility segment net income $65 million, an increase of 3%.
- Net cash provided by operating activities $657 million YTD; free cash flow $160 million YTD.
- Supply Corporation secured 94,000 dekatherms/day capacity for Line N System Upgrade Project.
- Tioga Pathway and Shippingport Lateral expansion projects on track for late 2026 in-service.