Key Highlights

  • The board approved a regular quarterly Dividend of $0.555 per share on September 17, 2026, payable October 15.
  • The company states it has paid dividends for 124 consecutive years and raised its annual rate for 56 consecutive years.
  • Fiscal third-quarter GAAP EPS was $1.45 and adjusted EPS was $1.54, compared with $1.64 in the prior-year quarter.
  • Fiscal 2026 adjusted EPS guidance was revised to $7.40-$7.60 per share, with a midpoint of $7.50.

Overview

National Fuel Gas Company (NYSE:NFG) approved a regular quarterly dividend of 55.5 cents, or $0.555, per share on September 17, 2026, payable October 15 to holders of record on September 30. The dividend yields 2.81%. The company states it has paid a dividend for 124 consecutive years and increased its annual dividend rate for 56 consecutive years.

Dividend Program and Shareholder Returns

The board approved a regular quarterly dividend of $0.555 per share on September 17, 2026, payable October 15 to shareholders of record on September 30. It trades ex-dividend on September 30.

With its fiscal third-quarter results, the board approved a 4% increase in the dividend to an annual rate of $2.22 per share. The company states that it has now paid a dividend for 124 consecutive years and has increased its annual dividend rate for 56 consecutive years. Each dividend remains subject to board approval.

About the Company

National Fuel Gas Company is a diversified energy company. Its Integrated Upstream and Gathering segment includes Seneca, and its Pipeline and Storage segment includes Supply Corporation. It also reports Utility operations, and it reports both GAAP and adjusted EPS.

Fiscal Third-Quarter Earnings and Revised Guidance

Fiscal third-quarter GAAP EPS was $1.45, compared with $1.64 in the prior-year quarter. Adjusted EPS was $1.54, compared with $1.64.

The company revised its fiscal 2026 adjusted EPS guidance to $7.40 to $7.60 per share, a midpoint of $7.50, from a previous range of $7.45 to $7.75. It states that the midpoint is a projected 9% increase from fiscal 2025.

The company also revised Capital Expenditure guidance for the Pipeline and Storage segment to between $235 million and $265 million.

Production, Hedging and the Ohio Utility Acquisition

Seneca produced 104.3 Bcf of Natural Gas during the third quarter, a decrease of 7.3 Bcf, or 7%, compared with the prior year. Its weighted average realized natural gas price, after hedging and transportation costs, was $2.81 per Mcf, an increase of $0.10 per Mcf, or 4%.

The company stated that a $0.56 per Mcf gain from its hedge and Marketing portfolio more than offset the drop in NYMEX natural gas prices. Supply Corporation expanded its Line N System Upgrade Project to 294,000 dekatherms per day and executed a 20-year precedent agreement for 200,000 dekatherms per day of incremental firm transportation capacity.

The company stated that it completed the financing needed for the pending Ohio gas utility Acquisition and received final regulatory approval, with closing scheduled for October 1.

Outlook

Natural gas production, realized prices, adjusted EPS relative to the $7.40-$7.60 guidance range, Pipeline and Storage capital expenditures, completion of the Ohio gas utility acquisition, and the board's quarterly declarations are the relevant considerations.