Nov 5
NFG · National Fuel Gas Co
$76.71
+0.36 (+0.47%)
At close · Nov 13
Return incl. dividend (before tax)
Market Cap
$7.29B
Shares
95.05M
Volume · Nov 13
621.57K
Avg daily vol (3M)
900.48K
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Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$76.71
Open$76.93
Day$76.48–77.42
52W close$73.43–96.30
Avg vol 30d1.1M
Short int4.7M · 5.0% of shares · 4.6d
Short vol68%
Last earningsNov 5, 2026
DataJan 2020–Nov 2026
Filing10-Q · Jul 30
Up next
Jan 28, 2027
Est · unconfirmed
· in 11 wks
Latest documents
2026
Nov 5
Current report
8-K
Events of Nov 4
Fiscal 2026 Adjusted EPS Rose 9% to $7.55
National Fuel Gas Company reported fiscal 2026 adjusted EPS of $7.55, up 9%, and initiated fiscal 2027 adjusted EPS guidance of $6.00 to $6.40. It completed CenterPoint Energy's Ohio utility acquisition and plans a Seneca Resources spin-off.
Nov 4
Current report
8-K
Seneca spin-off targeted for 2027 as EPS outlook reaches $6.00-$6.40
National Fuel Gas Company said Seneca Resources’ tax-free spin-off is targeted for the second half of calendar year 2027 and issued initial FY2027 adjusted EPS guidance of $6.00 - $6.40 per share.
Oct 14
Current report
8-K
Regulation FD disclosure, Other events
National Fuel Gas Company plans a tax-free spin-off of its Integrated Upstream and Gathering business, distributing at least 80.1% of IUG shares and retaining up to 19.9%, with completion targeted for the second half of calendar year 2027.
Oct 1
Current report
8-K
Entered into a material agreement, Completed an acquisition or sale of assets, New debt or off-balance-sheet obligation, Regulation FD disclosure
National Fuel Gas Company completed the acquisition of CenterPoint Ohio on October 1, 2026, making it a wholly owned subsidiary. The purchase price combined $1.42 billion in cash and a $1.20 billion seller note at 6.5% interest, maturing September 30, 2027.
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$2.51B
Trailing 12 months
Net income (TTM)
$675.28M
Trailing 12 months
Revenue growth YoY
+1.1%
Year over year
Operating margin
40.3%
Trailing 12 months
P / E (TTM)
10.7
Trailing earnings · reciprocal yield 9.4%
FCF yield
3.0%
TTM · current market cap
Return on invested capital
12.1%
Trailing 12 months
Net cash
−$2.33B
Latest balance sheet
Dividend yield
2.8%
Trailing 12 months
Shares change YoY
+5.0%
Year over year · more shares
Price change (1Y)
-5.0%
Trailing year
Short interest
5.0%
Latest settlement · 4.6 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q4 FY26 earnings call · Nov 5, 2026
Q4 FY26
TL;DR. Fiscal 2026 adjusted EPS rose 9% to $7.55, National Fuel raised its dividend, completed the Ohio acquisition that doubled utility rate base, and expects utility operating income and pipeline-project growth. Fiscal 2027 EPS guidance of $6.00 to $6.40 is lower because of gas-price assumptions, while production remains roughly flat, acquisition and separation costs persist, and fourth-quarter GAAP earnings declined.
Bullish
- + Fiscal 2026 adjusted EPS increased 9% to $7.55 from $6.91.
- + National Fuel completed the Ohio utility acquisition, doubling its utility rate base and adding approximately 335,000 customers.
- + National Fuel announced its 56th consecutive dividend increase, raising the annual rate to $2.22 per share.
- + The Tioga Pathway and Shippingport Lateral projects entered service and are expected to add approximately $30 million of incremental annual revenue.
- + The planned separation would create two well-capitalized companies and is expected to help maximize asset value.
- + Fiscal 2027 Utility operating income is expected to double, consistent with the larger rate base following the Ohio acquisition.
Bearish
- − Fiscal 2027 adjusted EPS guidance of $6.00 to $6.40 anticipates a year-over-year decrease, driven primarily by lower natural gas prices.
- − The Ohio acquisition is expected to be modestly dilutive in fiscal 2027 because the seller note carries an above-market interest rate.
- − Seneca expects the natural gas market to remain somewhat oversupplied through 2027.
- − Fiscal 2026 production came in just below the low end of revised guidance, while fiscal 2027 production is expected to be approximately flat.
- − Ohio acquisition and separation costs are expected to continue through the next year.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Bullish
Fundamentals
Excellent
Quant / Vol
Low
Market backdrop
VIX 19.3 · elevated
Equity put/call 0.63
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−8%
below
Price vs 50-day avg
−3%
below
RSI (14)
46
neutral
MACD trend
Negative
52-week position
14%
near low
Momentum
relative strength
1-month return
−4%
trailing
6-month return
−4%
trailing
YTD return
−4%
this year
Relative strength
−4%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $79 › 200d $83 — 200d above 50d
Institutional flow
Accumulating
583 of 658 funds reported for Sep 30 · net +793.9K sh shares · +56 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
4.99% of shares out · ▼ -9.5% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
658 holders — near 3-yr high, broad support
Squeeze score
51
elevated · 0–100
Fundamentals
Revenue growth
+17%
Y/Y
EPS growth
+576%
Y/Y
Free cash flow
$187.2M
Valuation
P/E 10.7
below peers
Buyback
$200.0M
authorized
Balance sheet
$2.6B
net debt
Quant / Vol
risk profile
Volatility
20%
annualized · 1-yr
Max drawdown
−24%
past year
ATR
2.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jul 30, 2026
through fiscal 29
Earnings per share
Initiated
7% – 10%
Free cash flow
Initiated
$1B – $1.5B
annual
Maintenance land spending
$15M
over the next several years
Discretionary capital
$100M – $200M
Previous outlook
earlier release
· from the Earnings Call filed Apr 30, 2026
Still-open targets the latest release did not restate under the same label.
Permanent financing
· at closing
up to $1.5B
Average annual growth target
· multi-year
at least 10%
FFO to debt
· end of the year
50%
Remaining permanent financing
· at closing
$1B
October maturity
· October
$300M
Raise
· across multiple tranches
up to $1.5B
Prior guidance
period ended
· from the Earnings Call filed Jul 30, 2026
Adjusted EPS
· fiscal 2026
$7.40 – $7.60
Guided vs delivered
· last 3 settled
Earnings
fiscal '22
guided $5.05 – $5.45
$6.15
Beat +17.1%
Earnings guidance
fiscal 2021
guided $4.05 – $4.15
$3.97
Miss −3.2%
Earnings per share
fiscal '20
guided $2.75 – $2.85
$-1.41
Miss −150.4%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−8%
Bearish
Price vs 50-day avg
−3%
Neutral
RSI (14)
46
Neutral
MACD trend
Negative
Bearish
52-week position
14%
Bearish
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $79 › 200d $83 — 200d above 50d
Institutional flow
Accumulating
583 of 658 funds reported for Sep 30 · net +793.9K sh shares · +56 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
4.99% of shares out · ▼ -9.5% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
658 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $73
Now $77 · 14%
Range high $96
vs 200-day avg -8%
vs 50-day avg -3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Earnings non-GAAP | 575.9M | Nine Months Ended June 30, 2026 | — |
| Adjusted Earnings (Corporate and All Other) non-GAAP | -5.63M | Q3 fiscal 2026 | — |
| Adjusted Earnings (Integrated Upstream and Gathering) non-GAAP | 112.19M | Q3 fiscal 2026 | — |
| Adjusted Earnings Per Share non-GAAP | $6.31 | Nine Months Ended June 30, 2026 | — |
| Adjusted EBITDA non-GAAP | 1.2B | Nine Months Ended June 30, 2026 | — |
| Adjusted Gathering Operation and Maintenance Expense per Mcf non-GAAP | $0.12 | Nine Months Ended June 30, 2026 | — |
| Appalachia Production | 315,470 | Nine Months Ended June 30, 2026 | — |
| Commercial Sales | 10,389 | Nine Months Ended June 30, 2026 | — |
| Corporate and All Other Adjusted EBITDA non-GAAP | -$16.72M | Nine Months Ended June 30, 2026 | — |
| Depreciation, Depletion and Amortization per Mcf | $0.79 | Nine Months Ended June 30, 2026 | — |
| Firm Transportation - Affiliated | 97,184 | Nine Months Ended June 30, 2026 | — |
| Firm Transportation - Non-Affiliated | 543,183 | Nine Months Ended June 30, 2026 | — |
| Integrated Upstream and Gathering Adjusted EBITDA non-GAAP | 819.41M | Nine Months Ended June 30, 2026 | — |
| Lease Operating Expense per Mcf | $0.16 | Nine Months Ended June 30, 2026 | — |
| Line N System Upgrade Project capacity | 294,000 | Third Quarter Fiscal 2026 | — |
| Pipeline and Storage Adjusted EBITDA non-GAAP | 209.89M | Nine Months Ended June 30, 2026 | — |
| Pipeline and Storage Throughput | 641,910 | Nine Months Ended June 30, 2026 | — |
| Residential Sales | 64,029 | Nine Months Ended June 30, 2026 | — |
| Seneca natural gas production | 104.3 | Q3 fiscal 2026 | — |
| Seneca weighted average realized natural gas price (after hedging and transportation) | $2.81 | Q3 fiscal 2026 | — |
| Upstream General and Administrative Expense per Mcf | $0.18 | Nine Months Ended June 30, 2026 | — |
| Utility Adjusted EBITDA non-GAAP | 191.56M | Nine Months Ended June 30, 2026 | — |
| Utility Throughput | 132,935 | Nine Months Ended June 30, 2026 | — |
| Weighted Average Price | $2.97 | Nine Months Ended June 30, 2026 | — |
| Weighted Average Price after Hedging | $3.05 | Nine Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Integrated — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NFG
this stock
National Fuel Gas Co
|
$7.29B | -4.2% | +17.1% | 10.7 | 5.0% |
|
XOM
ExxonMobil Holdings Corp
|
$695.87B | +41.8% | -5.0% | 17.5 | 1.1% |
|
CVX
Chevron Corp
|
$432.18B | +44.3% | -6.8% | 16.1 | 1.3% |
|
PCCYF
Petrochina Co Ltd
|
$319.66B | +21.3% | — | — | 0.0% |
|
SHEL
Shell plc
|
$280.06B | +34.8% | — | — | 0.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
SEC Filings
Latest
8-K
- Filed
- Nov 5, 2026
- This year
- 24
National Fuel Gas Company reported fiscal 2026 adjusted EPS of $7.55, up 9%, and initiated fiscal 2027 adjusted EPS guidance of $6.00 to $6.40. It completed CenterPoint Energy's Ohio utility acquisition and plans a Seneca Resources spin-off.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NFG | +4.5% | -4.0% | -3.9% | -3.6% | -4.2% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +1.9% | -2.9% | -4.4% | -3.4% | -14.8% |
Capital returns
Latest dividend
$0.555
/ share · ex Sep 30, 2026
Paid (TTM)
$2.18
/ share · 4 payouts
Dividend yield (TTM, derived)
2.84%
Buyback program
· as of Mar 8, 2024
Authorized
$200.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
70145
CUSIP
636180101
13F (30d)
532 filings
488 filers
Visit website
Investor relations