Gas utility National Fuel's adjusted EPS rises

National Fuel Gas

28/01/2026 21:54

Overview

Energy company's fiscal Q1 adjusted EPS rose 24% yr/yr

Company issued $350 mln in equity for pending Ohio utility acquisition

Outlook

National Fuel reaffirms fiscal 2026 adjusted EPS guidance of $7.60 to $8.10

Company expects volatility in natural gas prices to impact fiscal 2026 earnings

Acquisition of Ohio gas utility expected to close in Q4 2026, not impacting fiscal 2026

Result Drivers

NATURAL GAS PRODUCTION - 12% increase in natural gas production driven by strong Tioga County Utica well results

SYSTEM MODERNIZATION - Utility segment net income rose 5% due to ongoing investments in system modernization programs in NY and PA

EQUITY ISSUANCE - $350 mln equity issued for pending CenterPoint Ohio gas utility acquisition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.98
Q1 Net Income
$181.65 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 is $100.00, about 20.4% above its January 28 closing price of $83.09

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNXbrYx4p

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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.)