NATIONAL FUEL GAS CO

National Fuel Gas Company announced that the Public Utilities Commission of Ohio (PUCO) has issued an order accepting and approving its previously disclosed acquisition of Vectren Energy Delivery of Ohio, LLC. The approval, granted on June 24, 2026, is subject to certain conditions. The acquisition, valued at $2,620,000,000, is now expected to close in the fourth quarter of calendar year 2026, though not before October 1, 2026, without the seller's prior written consent.

National Fuel Gas Company's Board of Directors approved a 4% increase in the quarterly dividend on its common stock, raising it from $0.535 to $0.555 per share. This marks the 56th consecutive year the company has increased its annual dividend, maintaining a 124-year history of dividend payments. The dividend is payable on July 15, 2026, to shareholders of record as of June 30, 2026.

National Fuel Gas Company announced the offering and sale of $1.5 billion aggregate principal amount of notes. This includes $500 million of 4.75% notes due 2029, $500 million of 5.05% notes due 2031, and $500 million of 5.50% notes due 2036. The company filed exhibits related to the underwriting agreement and the officer's certificate establishing the terms of the notes.

National Fuel Gas Company announced its decision to exercise optional redemption rights for its entire outstanding $300 million aggregate principal amount of 5.50% Notes due October 2026. The company has set June 11, 2026, as the redemption date for these notes. This action will reduce the company's outstanding debt.

National Fuel Gas Company (NFG) is proceeding with the acquisition of Vectren Energy Delivery of Ohio, LLC (CenterPoint Ohio) from CenterPoint Energy Resources Corp. for an aggregate purchase price of $2.62 billion. The payment will consist of $1.42 billion in cash and a $1.2 billion promissory note. The transaction is anticipated to close in the fourth quarter of calendar year 2026, pending customary closing conditions including review by the Public Utilities Commission of Ohio. The filing includes consolidated financial statements for CenterPoint Ohio for the year ended December 31, 2025, and the three months ended March 31, 2026, along with pro forma financial information, and details a related private placement of common stock by National Fuel.

National Fuel Gas Co. announced the pending acquisition of Vectren Energy Delivery of Ohio, LLC from CenterPoint Energy Resources Corp. for $2.62 billion, expected to close in Q4 calendar 2026. This acquisition is set to double the company's gas utility rate base and expand operations into Ohio. Concurrently, NFG reported strong financial results for the six months ended March 31, 2026, with net income rising 64.3% to $429.3 million and operating revenues increasing 18.0% to $1.51 billion.

National Fuel Gas Company reported consolidated GAAP earnings of $247.7 million, or $2.59 per share, for Q2 fiscal 2026, with adjusted EPS increasing 13% to $2.71. The company generated $657 million in net cash from operating activities and $160 million in free cash flow year-to-date. NFG revised its fiscal 2026 adjusted EPS guidance range downwards to $7.45-$7.75, primarily due to lower natural gas price assumptions and modest production impacts from weather and well performance. Operational highlights include progress on pipeline expansion projects and a new capacity agreement.

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.

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.