National Fuel Gas Company reported a solid first quarter for fiscal 2026 with adjusted EPS of $2.06, driven by strong upstream performance and effective regulated business strategies.
- Adjusted EBITDA increased by 29% year-over-year, fueled by higher natural gas prices and production levels.
- Strategic expansion projects, including the Tioga Pathway and Shippingport Lateral, are progressing on schedule, contributing to future growth.
- Filed a new rate case in Pennsylvania seeking a $20 million increase to address cost inflation while maintaining the lowest delivery rates in the state.
- The company’s $350 million equity placement enhances liquidity to support the upcoming acquisition of CenterPoint's Ohio LDC, expected to close by Q4 2026.
- Positive policy developments in New York suggest a favorable environment for continued investment in natural gas infrastructure.
Community Discussion