Business UpdateNov 4, 2026, 04:56 PM
National Fuel Gas Co. Updates Investor Presentation, Details Business Separation Plan
AI Summary
National Fuel Gas Company has updated its investor presentation, detailing its strategic plan to separate its Integrated Upstream and Gathering business into a new, publicly traded company named Seneca Resources. This separation is anticipated to be completed in the second half of calendar year 2027. The company also reported a 9% increase in adjusted EPS for Fiscal Year 2026 and generated approximately $200 million in free cash flow. The presentation outlines guidance for Fiscal Year 2027, projecting Adjusted EPS between $6.00 and $6.40, and highlights improvements in capital efficiency and expected rate base growth for its regulated businesses.
Key Highlights
- National Fuel Gas Company updated its Investor Presentation on November 4, 2026.
- The presentation includes details on the planned separation of the Integrated Upstream and Gathering (IUG) business into a new entity named Seneca Resources.
- The separation is expected to be completed in the second half of calendar year 2027.
- National Fuel reported 9% adjusted EPS growth in Fiscal 2026.
- The company generated approximately $200 million of free cash flow in Fiscal 2026.
- Fiscal 2027 guidance projects Adjusted EPS between $6.00 - $6.40, assuming a NYMEX price of $2.85/MMBtu.
- The company highlights a 25% improvement in capital efficiency for the Integrated Upstream & Gathering business since FY23.
- Regulated businesses are expected to see a 5-7% rate base growth outlook.
Price Impact
More from NFG