National Fuel Gas (NYSE:NFG) Announces Earnings Results

National Fuel Gas (NYSE:NFG) issued its earnings results on Wednesday. The oil and gas producer reported $2.06 EPS for the quarter, beating the consensus estimate of $1.91 by $0.15, Zacks reports. National Fuel Gas had a return on equity of 21.76% and a net margin of 22.86%.The company had revenue of $651.51 million during the quarter, compared to the consensus estimate of $650.70 million. During the same period last year, the business posted $1.66 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. National Fuel Gas updated its FY 2026 guidance to 7.600-8.100 EPS.

National Fuel Gas Trading Down 0.1%

Shares of National Fuel Gas stock opened at $83.10 on Thursday. The company has a market capitalization of $7.90 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.15 and a beta of 0.61. The stock has a fifty day simple moving average of $81.28 and a 200 day simple moving average of $84.28. National Fuel Gas has a 12-month low of $67.39 and a 12-month high of $94.13. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 0.77.

National Fuel Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.6%. National Fuel Gas’s payout ratio is presently 37.68%.

Institutional Trading of National Fuel Gas

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group increased its stake in shares of National Fuel Gas by 7.5% in the third quarter. Brooklyn Investment Group now owns 2,434 shares of the oil and gas producer’s stock worth $225,000 after purchasing an additional 169 shares in the last quarter. Advisory Services Network LLC boosted its holdings in National Fuel Gas by 1.1% in the 3rd quarter. Advisory Services Network LLC now owns 16,732 shares of the oil and gas producer’s stock worth $1,546,000 after buying an additional 175 shares during the period. Pathstone Holdings LLC grew its stake in National Fuel Gas by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 21,786 shares of the oil and gas producer’s stock valued at $2,012,000 after buying an additional 264 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in National Fuel Gas by 88.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 916 shares of the oil and gas producer’s stock valued at $78,000 after acquiring an additional 429 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC raised its holdings in National Fuel Gas by 21.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 3,253 shares of the oil and gas producer’s stock valued at $300,000 after acquiring an additional 584 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NFG shares. Scotiabank set a $101.00 price objective on National Fuel Gas in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $96.33.

National Fuel Gas News Summary

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: Q1 adjusted EPS beat expectations — adjusted EPS $2.06 (+24% YoY) and GAAP EPS jumped to $1.98 as revenue rose ~18.6%; operating strength came from higher upstream production and realized prices. Read More.
• Positive Sentiment: Company reiterated fiscal 2026 adjusted EPS guidance of $7.60–$8.10 (midpoint above consensus), showing management confidence in forward earnings. Read More.
• Positive Sentiment: Upstream and projects update — production growth (new Tioga County Utica wells) and on-track pipeline projects (Shippingport Lateral, Tioga Pathway) support future cash flow and mid‑term growth. Read More.
• Neutral Sentiment: Company issued an updated investor presentation that highlights project timelines and risks — useful for longer-term assessment but not an immediate earnings surprise. Read More.
• Neutral Sentiment: Revenue beat/miss nuance — consolidated revenue was roughly in line but one outlet flagged a small revenue miss versus Street revenue estimates; overall EPS beat remains the headline. Read More.
• Negative Sentiment: Acquisition costs and financing impact — corporate segment recorded transaction and financing costs (net corporate loss ~ $7.7M) tied to the pending CenterPoint Ohio utility acquisition; these reduced near-term GAAP results and introduce integration/approval risk. Read More.
• Negative Sentiment: Equity raise / dilution — the company completed a $350M common equity private placement to fund the CenterPoint Ohio deal; proceeds reduce financing risk but increased shares outstanding and can weigh on near-term per-share metrics. Read More.
• Negative Sentiment: Commodity-price sensitivity — management reiterated guidance sensitivities to NYMEX natural gas prices (guidance midpoint assumes ~$3.75 NYMEX); continued price volatility could materially move FY EPS. Read More.

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.