Earnings Releases·Nov 5, 2026, 8:20 AM ET

National Fuel Gas Company — Fiscal 2026 Earnings Summary

Fiscal 2026 full-year GAAP earnings rose 28% to $665.4 million ($7.02/share) and adjusted EPS increased 9% to $7.55, driven by strong performance in the Integrated Upstream and Gathering segment, while Q4 GAAP earnings declined 9% to $1.02/share due to a Q4 Utility loss and lower Pipeline & Storage earnings.
The Company initiated fiscal 2027 adjusted EPS guidance of $6.00–$6.40 based on a $2.85/MMBtu NYMEX price assumption and projected consolidated capital expenditures of $1.09–$1.22 billion.
Strategic progress includes the completion of the CenterPoint Energy Ohio utility acquisition, which doubled the Utility rate base and added 335,000 customers, alongside the announcement of a planned separation of the Integrated Upstream and Gathering business into a standalone entity, Seneca Resources, expected in the second half of 2027.
Management announced a 56th consecutive dividend increase to an annual rate of $2.22 per share, supported by $1.272 billion in operating cash flow and $199 million in free cash flow for the fiscal year.