National Fuel Gas Company Q4 2025 Earnings Recap

NFG Q4 2025 November 6, 2025

National Fuel Gas Company reported a robust fourth quarter with adjusted earnings per share increasing 58% year-over-year, culminating in a record-setting fiscal 2025 driven by strong operational performance across all business segments.

Earnings Per Share Beat

$1.22 vs $1.11 est.

+9.9% surprise

Revenue Miss

456406000 vs 513483761 est.

-11.1% surprise

Market Reaction

1-Day +1.74%

5-Day +3.58%

30-Day +5.0%

Key Takeaways

Adjusted EPS for Q4 reached $1.22, contributing to a 38% overall increase for fiscal 2025 compared to the previous year.
Significant expansion of Tioga County inventory with an addition of 220 prospective well locations in the Upper Utica formation, nearly doubling EDA inventory.
Strategic acquisition of CenterPoint's Ohio Gas LDC will double the utility rate base and enhance long-term earnings potential.
Ongoing projects like the Tioga Pathway and Shipping Port lateral are on schedule, set to add substantial new delivery capacity and revenue by 2026.
Positive momentum in New York's energy policy reflects increasing recognition of natural gas's role in economic development and energy reliability.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit NFG on AllInvestView.

Next Q1 2026