Quarterly ResultJul 29, 2026, 04:47 PM
National Fuel Q3 GAAP EPS $1.45, Adj. EPS $1.54; Revises FY26 Guidance
AI Summary
National Fuel Gas Company announced consolidated results for the third quarter of fiscal 2026, reporting GAAP EPS of $1.45 and adjusted EPS of $1.54, both lower than the prior year. The company revised its fiscal 2026 adjusted EPS guidance to a range of $7.40 to $7.60 and increased its annual dividend by 4% to $2.22 per share. The pending Ohio gas utility acquisition received final regulatory approval and is expected to close on October 1, 2026. National Fuel also updated its long-term EPS outlook, projecting 7-10% average annual growth through fiscal 2029.
Key Highlights
- Q3 FY2026 GAAP EPS was $1.45, down from $1.64 in the prior year.
- Q3 FY2026 Adjusted EPS was $1.54, compared to $1.64 in the prior year.
- Net cash provided by operating activities was $1.035 billion for the nine months ended June 30, 2026.
- Free cash flow was $280 million for the nine months ended June 30, 2026.
- Annual dividend increased by 4% to $2.22 per share, marking 56 consecutive years of increases.
- Revised FY2026 adjusted EPS guidance to $7.40-$7.60, a 9% increase from FY2025 at the midpoint.
- Integrated Upstream and Gathering FY2026 production guidance revised to 420-430 Bcf (previously 425-440 Bcf).
- Long-term EPS outlook projects 7-10% average annual growth from FY2026 through FY2029.
- Ohio gas utility acquisition received final regulatory approval and is on track to close October 1.
Price Impact
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