Overview

* National Fuel fiscal Q4 adjusted EPS rises 58% yr/yr, driven by operational excellence

* Company announces $2.62 bln acquisition of CenterPoint Energy's Ohio natural gas utility

* Natural gas production increases 21% yr/yr, driven by strong Tioga Utica well performance

Outlook

* Company forecasts fiscal 2026 adjusted EPS between $7.60 and $8.10

* Company assumes average NYMEX gas price of $3.75/MMBtu for fiscal 2026

* Acquisition of CenterPoint's Ohio utility not expected to impact fiscal 2026

Result Drivers

* STRONG WELL PERFORMANCE - Tioga Utica wells drove a 21% increase in natural gas production

* HIGHER GAS PRICES - Increased NYMEX natural gas price realizations contributed to financial results

* STRATEGIC INITIATIVES - Acquisition of CenterPoint Energy's Ohio utility and pipeline projects to support growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 EPS $1.18

Q4 Net $107.34

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the natural gas utilities peer group is "buy"

* Wall Street's median 12-month price target for National Fuel Gas Co ( NFG ) is $105.00, about 24.4% above its November 5 closing price of $79.40

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)