National Fuel Q4 adjusted EPS up 58% yr/yr

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

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 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: ID:nGNX84hNTv

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