National Fuel Gas Company (NYSE:NFG ) M&A Call October 21, 2025 8:30 AM EDT Company Participants Natalie Fischer - Director of Investor Relations David Bauer - President, CEO & Director Timothy Silverstein - CFO & Treasurer Conference Call Participants Zachary Parham - JPMorgan Chase & Co, Research Division Neil Mehta - Goldman Sachs Group, Inc., Research Division Kaleinoheaokealaula Akamine - BofA Securities, Research Division Timothy Winter - Gabelli Funds, LLC Presentation Operator Hello and welcome to the National Fuel Gas Company acquisition of CenterPoint's Ohio Natural Gas Utility Conference Call. My name is Alex.
National Fuel Gas is breaking out to new highs as U.S. LNG export demand and favorable regulations boost its outlook. NFG's Appalachian Basin natural gas reserves and rising production estimates position it to benefit from higher natural gas prices and expanded export markets. With 55 years of dividend growth, the company is a Dividend King offering accelerating dividend increases, appealing to long-term income investors.
Here is how National Fuel Gas (NFG) and Enbridge (ENB) have performed compared to their sector so far this year.
New Found Gold's Queensway project boasts a robust initial resource, shallow high-grade zones, and vast exploration upside in a top-tier mining jurisdiction. The company is fully funded through 2026 after a C$56M financing, with strong backing from strategic investors and a disciplined, low-dilution capital strategy. Queensway's PEA projects excellent economics: low AISC, high IRR, and significant NPV leverage to gold prices, yet the stock trades at a deep discount to peers.
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I maintain my Buy rating on National Fuel Gas, citing amplified profit projections and strong recent performance. The Company's unique vertical integration across upstream, midstream, and downstream operations sets it apart in the energy sector. The company remains a Dividend King, with over 50 years of consecutive dividend increases and robust profit growth supporting future payouts.
NFG's fiscal third-quarter earnings and revenues increase year over year. Seneca's natural gas production increases during the same period.
While the top- and bottom-line numbers for National Fuel Gas (NFG) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
National Fuel Gas (NFG) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.5 per share. This compares to earnings of $0.99 per share a year ago.
National Fuel Gas (NFG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.