National Fuel Gas (NYSE:NFG) Releases FY 2026 Earnings Guidance

National Fuel Gas (NYSE:NFG) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.400-7.600 for the period, compared to the consensus earnings per share estimate of 7.440. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

NFG has been the topic of a number of research analyst reports. Weiss Ratings cut shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. KeyCorp began coverage on National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.50.

National Fuel Gas Stock Up 1.9%

NYSE NFG traded up $1.57 on Thursday, hitting $82.51. 731,567 shares of the company were exchanged, compared to its average volume of 786,756. The company has a market cap of $7.84 billion, a PE ratio of 11.16, a PEG ratio of 1.77 and a beta of 0.37. National Fuel Gas has a 12 month low of $75.17 and a 12 month high of $97.06. The stock has a fifty day moving average of $78.72 and a 200-day moving average of $84.50. The company has a current ratio of 0.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. National Fuel Gas had a net margin of 27.48% and a return on equity of 20.62%. The business had revenue of $537.50 million during the quarter, compared to analysts’ expectations of $564.33 million. During the same period last year, the company posted $1.64 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that National Fuel Gas will post 7.66 earnings per share for the current year.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s dividend payout ratio is presently 30.04%.

Key Headlines Impacting National Fuel Gas

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

• Positive Sentiment: Adjusted EPS exceeded expectations. Third-quarter adjusted earnings were $1.54 per share, above analyst estimates ranging from $1.44 to $1.47. Strong hedging and marketing gains helped offset lower natural-gas prices, supporting the earnings beat. National Fuel Gas Beats Q3 Earnings Estimates
• Positive Sentiment: Dividend increased 4% to $2.22 annually. The increase extends NFG’s record to 56 consecutive years of dividend growth and 124 consecutive years of dividend payments, reinforcing its appeal to income-focused investors. National Fuel Reports Third Quarter Fiscal 2026 Earnings
• Positive Sentiment: Ohio utility acquisition remains on track. National Fuel completed financing and received final regulatory approval for the CenterPoint Energy Ohio gas utility acquisition, which is expected to close October 1. Management expects the deal to expand its regulated rate base and contribute to long-term earnings growth.
• Positive Sentiment: Cash generation remained strong, with $1.035 billion of operating cash flow and $280 million of free cash flow during the first nine months. Management projects 7%–10% average annual EPS growth through fiscal 2029.
• Neutral Sentiment: Management updated its investor presentation and outlook, highlighting pipeline expansion, rising regional natural-gas demand and a 20-year transportation agreement supporting the Line N expansion. National Fuel Gas Updates Investor Presentation and Outlook
• Negative Sentiment: Guidance was reduced. Fiscal 2026 adjusted EPS guidance fell to $7.40–$7.60 from $7.45–$7.75, reflecting lower expected production. Production guidance was cut to 420–430 Bcf, while capital spending increased and additional discretionary land spending is planned.
• Negative Sentiment: GAAP EPS declined to $1.45 from $1.64 a year earlier, while revenue of $537.5 million was below the roughly $564 million consensus estimate. Upstream earnings also fell as production declined 7% and operating costs increased.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NFG. Price T Rowe Associates Inc. MD increased its holdings in shares of National Fuel Gas by 653.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,582,782 shares of the oil and gas producer’s stock valued at $126,718,000 after acquiring an additional 1,372,742 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of National Fuel Gas by 103.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,138,153 shares of the oil and gas producer’s stock worth $197,501,000 after purchasing an additional 1,087,067 shares in the last quarter. Yaupon Capital Management LP grew its position in National Fuel Gas by 521.0% in the 4th quarter. Yaupon Capital Management LP now owns 1,105,979 shares of the oil and gas producer’s stock valued at $88,545,000 after purchasing an additional 927,873 shares during the period. Victory Capital Management Inc. grew its position in National Fuel Gas by 76.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,260,532 shares of the oil and gas producer’s stock valued at $100,918,000 after purchasing an additional 546,337 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in National Fuel Gas by 642.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 465,830 shares of the oil and gas producer’s stock valued at $39,460,000 after purchasing an additional 403,107 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

About National Fuel Gas

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.