Business UpdateApr 29, 2026, 04:56 PM
NFG Updates Investor Presentation; CenterPoint Ohio Acquisition on Track
AI Summary
National Fuel Gas Company updated its Investor Presentation, providing a Fiscal 2026 – 2nd Quarter Update. The company announced that the acquisition of CenterPoint's Ohio gas utility for $2.62 billion remains on track to close in Q4 calendar 2026, with integration planning and regulatory filings progressing well. NFG also highlighted operational advancements, including doubling core inventory in its Upstream & Gathering segment and pipeline expansion projects. The company continues to demonstrate strong shareholder returns with 123 consecutive years of dividend payments and a 25% reduction in methane emissions since 2020.
Key Highlights
- CenterPoint Ohio acquisition for $2.62B remains on track to close in Q4 calendar 2026.
- Issued $350M in common equity to fulfill equity needs for the acquisition.
- PUCO issued final ruling on Ohio rate case, adopting 9.79% ROE; new rates effective Jan 12, 2026.
- Ohio Senate Bill 103 modernizes ratemaking, allowing 3-year projected test period.
- Upstream & Gathering doubled core inventory in EDA; Pipeline & Storage projects improving outlook.
- Utility filed rate case in PA for fiscal 2027; expect to file Supply rate case with FERC on 4/30/26.
- Achieved 25% reduction in methane emissions since 2020.
- Maintained 123 consecutive years of dividend payments and 55 years of increases.