National Fuel Gas Q4 adjusted EPS flat year over year; completes Ohio gas utility acquisition

Overview

• US natural gas utility's fiscal Q4 adjusted EPS was flat yr/yr at $1.22

• GAAP EPS for fiscal Q4 fell to $1.02 from $1.18 a year ago

• Company completed Ohio gas utility acquisition and plans to spin off upstream business

Outlook

• National Fuel Gas sees fiscal 2027 adjusted EPS of $6.00 to $6.40

• IUG expects fiscal 2027 production of 400 to 435 Bcf

• Utility and Pipeline & Storage segment earnings expected to increase in 2027 due to acquisitions and new projects

Result Drivers

• HIGHER REALIZED NATURAL GAS PRICES - Co said higher realized natural gas prices, after hedging, contributed to increased adjusted earnings in the Integrated Upstream and Gathering segment

• LOWER PRODUCTION VOLUMES - Co said lower production volumes in Integrated Upstream and Gathering segment partially offset earnings gains

• HIGHER CUSTOMER MARGIN - Co said Utility segment earnings benefited from higher customer margin, driven by usage, New York rate settlement, and Pennsylvania improvement charge

Company press release:

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", 2 "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 Company is $95.00, about 24.1% above its November 4 closing price of $76.54

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads

• Nov 4 - Atmos Energy sets annual EPS guidance at $9.05-$9.25, above 2026 levels

• Nov 4 - Southwest Gas Q3 profit beats estimates on rate hikes, lower interest expense

• Nov 2 - ONE Gas Q3 revenue falls short of estimates; lifts adj EPS guidance for 2026

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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.)