National Fuel Gas to buy CenterPoint's Ohio natural gas business; shares down

CenterPoint Energy

21/10/2025 15:13

** Shares of National Fuel Gas NFG.N fall ~5% to $82.19

** Company to buy U.S. utility CenterPoint Energy's CNP.N Ohio natural gas distribution business for $2.62 billion

** The assets include nearly 5,900 miles of transmission and distribution pipeline in Ohio

** CNP expects to receive $1.42 billion in proceeds in 2026 and the remaining $1.20 billion in 2027 pursuant to a seller note to be entered into at closing

** NFG expects the deal to provide a stronger foothold in Ohio and broaden its regulated gas utility footprint across the U.S.

** Transaction is expected to close in 4Q26

** CNP shares down marginally in morning trading

** Including session's moves, NFG up ~36% and CNP up ~26% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))