Q3 EPS Estimates for National Fuel Gas Lowered by KeyCorp

National Fuel Gas Company (NYSE:NFG) – Research analysts at KeyCorp dropped their Q3 2026 earnings estimates for shares of National Fuel Gas in a research note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will earn $1.41 per share for the quarter, down from their previous estimate of $1.52. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for National Fuel Gas’ current full-year earnings is $7.59 per share. KeyCorp also issued estimates for National Fuel Gas’ Q4 2026 earnings at $1.29 EPS, Q1 2027 earnings at $2.08 EPS, Q2 2027 earnings at $3.08 EPS, Q3 2027 earnings at $1.44 EPS and FY2027 earnings at $7.67 EPS.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.14). The business had revenue of $858.37 million during the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.National Fuel Gas’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.39 EPS.

A number of other equities research analysts have also recently issued reports on NFG. Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings upgraded National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

National Fuel Gas Price Performance

National Fuel Gas stock opened at $77.28 on Friday. The company’s fifty day moving average price is $86.15 and its 200 day moving average price is $85.20. National Fuel Gas has a 1 year low of $75.85 and a 1 year high of $97.06. The stock has a market capitalization of $7.34 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.70 and a beta of 0.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.62.

National Fuel Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, March 31st. National Fuel Gas’s payout ratio is currently 28.96%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of National Fuel Gas during the 3rd quarter worth about $5,228,000. Citigroup Inc. increased its position in shares of National Fuel Gas by 51.7% during the 3rd quarter. Citigroup Inc. now owns 64,112 shares of the oil and gas producer’s stock worth $5,922,000 after purchasing an additional 21,861 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of National Fuel Gas by 158.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 95,206 shares of the oil and gas producer’s stock worth $8,794,000 after purchasing an additional 58,399 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of National Fuel Gas by 74.9% during the 3rd quarter. Gotham Asset Management LLC now owns 521,928 shares of the oil and gas producer’s stock worth $48,210,000 after purchasing an additional 223,459 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its position in shares of National Fuel Gas by 39.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 100,255 shares of the oil and gas producer’s stock worth $9,261,000 after purchasing an additional 28,118 shares during the last quarter. Hedge funds and other 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.