National Fuel Gas (NYSE:NFG) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

National Fuel Gas (NYSE:NFG) released its earnings results on Wednesday. The oil and gas producer reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.15, Zacks reports. National Fuel Gas had a return on equity of 21.76% and a net margin of 22.86%.The business had revenue of $651.51 million for the quarter, compared to the consensus estimate of $650.70 million. During the same period last year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. National Fuel Gas updated its FY 2026 guidance to 7.600-8.100 EPS.

National Fuel Gas Stock Down 1.1%

Shares of NFG opened at $82.27 on Thursday. National Fuel Gas has a 1 year low of $67.39 and a 1 year high of $94.13. The stock has a 50 day simple moving average of $81.28 and a two-hundred day simple moving average of $84.28. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.35. The firm has a market cap of $7.82 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.15 and a beta of 0.61.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.14 annualized dividend and a yield of 2.6%. National Fuel Gas’s payout ratio is 37.68%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NFG shares. Zacks Research lowered shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Fuel Gas in a research note on Monday, December 29th. Finally, Scotiabank set a $101.00 target price on shares of National Fuel Gas in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, National Fuel Gas currently has a consensus rating of “Hold” and a consensus price target of $96.33.

More National Fuel Gas News

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: Q1 beat: adjusted EPS $2.06 vs. $1.91 estimate and consolidated revenue ~ $651.5M; adjusted EPS grew 24% YoY driven by higher production and realized gas prices in the Integrated Upstream & Gathering segment. National Fuel Reports First Quarter Fiscal 2026 Earnings
• Positive Sentiment: Reaffirmed FY‑2026 adjusted EPS guidance of $7.60–$8.10 (midpoint $7.85), which is above recent consensus (~$7.33) and includes sensitivities to NYMEX — supports a constructive forward earnings outlook. Press Release / Slides
• Positive Sentiment: Execution catalysts: Shippingport Lateral and Tioga Pathway projects remain on track for late‑2026 in‑service dates; Seneca added ~200 Upper Utica prospective locations and production rose ~12% in the quarter — boosts medium‑term production and midstream volume. Company Release (projects & Utica)
• Positive Sentiment: Analyst support: Bank of America maintained a Buy rating and $99 price target, citing solid free cash flow, advancing Utica development and favorable regulatory tailwinds. TipRanks: BofA Rating
• Neutral Sentiment: Capital / M&A funding: Company completed a $350M common equity private placement to fund the planned acquisition of CenterPoint’s Ohio gas utility — reduces financing risk for the deal but increases share count. Press Release (equity raise)
• Neutral Sentiment: Investor presentation updated with refreshed slides and risk disclosures — useful for modeling but largely reiterates management’s plan and guidance assumptions. Investor Presentation Update
• Negative Sentiment: Acquisition and financing costs reduced reported results: Q1 included ~$7.7M of transaction/financing costs (reduced adjusted EPS by roughly $0.07) and Corporate/All Other posted a small loss — short‑term drag ahead of deal close. Press Release (acquisition costs)
• Negative Sentiment: Minor revenue miss vs. one street estimate (~$2.25M) reported by some outlets — not material to the beat on EPS but may be cited by short‑term traders. Seeking Alpha: EPS beat / small revenue miss

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Prelude Capital Management LLC acquired a new position in shares of National Fuel Gas during the 3rd quarter worth approximately $217,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of National Fuel Gas in the 3rd quarter valued at $244,000. Equitable Holdings Inc. purchased a new stake in shares of National Fuel Gas during the third quarter worth $219,000. Brooklyn Investment Group boosted its holdings in National Fuel Gas by 7.5% in the third quarter. Brooklyn Investment Group now owns 2,434 shares of the oil and gas producer’s stock valued at $225,000 after purchasing an additional 169 shares during the period. Finally, NorthRock Partners LLC acquired a new position in National Fuel Gas during the 3rd quarter worth approximately $214,000. 73.96% of the stock is owned by institutional investors.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.