National Fuel Gas (NYSE:NFG) Updates FY 2026 Earnings Guidance

National Fuel Gas (NYSE:NFG) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.400-7.600 for the period, compared to the consensus EPS estimate of 7.440. The company issued revenue guidance of -.

National Fuel Gas Stock Down 0.4%

Shares of NFG traded down $0.30 during trading hours on Wednesday, hitting $81.09. The company had a trading volume of 1,130,694 shares, compared to its average volume of 606,083. The company has a market capitalization of $7.71 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.37. The company has a current ratio of 0.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. National Fuel Gas has a one year low of $75.17 and a one year high of $97.06. The company’s fifty day moving average price is $78.72 and its two-hundred day moving average price is $84.50.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas producer reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.During the same quarter in the prior year, the company earned $1.64 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. National Fuel Gas has set its FY 2026 guidance at 7.400-7.600 EPS. As a group, equities analysts forecast that National Fuel Gas will post 7.66 earnings per share for the current fiscal year.

National Fuel Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. This represents a $2.22 annualized dividend and a dividend yield of 2.7%. National Fuel Gas’s payout ratio is currently 30.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFG. KeyCorp began coverage on shares of National Fuel Gas in a research report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective on the stock. Weiss Ratings cut shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, National Fuel Gas presently has a consensus rating of “Moderate Buy” and an average price target of $105.50.

Key Stories Impacting National Fuel Gas

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

• Positive Sentiment: Adjusted EPS beat estimates: Third-quarter adjusted EPS was $1.54, above the $1.44 analyst consensus. The company also generated $1.035 billion in operating cash flow and $280 million in free cash flow during the first nine months of fiscal 2026. National Fuel Reports Third Quarter Fiscal 2026 Earnings
• Positive Sentiment: Dividend increased: NFG raised its annual dividend 4% to $2.22 per share, extending its streak to 56 consecutive years of increases and 124 consecutive years of payments. National Fuel Gas Company Reports Third Quarter Fiscal 2026 Results, Updates Guidance and Dividend Increase
• Positive Sentiment: Ohio utility acquisition remains on track: Financing and final regulatory approval have been completed for the CenterPoint Energy Ohio gas utility acquisition, which is expected to close October 1, 2026. Management expects the deal to expand the regulated rate base and support long-term earnings growth.
• Positive Sentiment: Management maintained a long-term outlook for approximately 7% to 10% average annual EPS growth through fiscal 2029, supported by natural-gas demand, pipeline expansion and disciplined capital allocation.
• Neutral Sentiment: NFG expanded its Line N pipeline project through a 20-year transportation agreement, potentially benefiting from coal-to-gas conversion and power-generation demand in the region.
• Negative Sentiment: Guidance was reduced: Fiscal 2026 adjusted EPS guidance was lowered from $7.45–$7.75 to $7.40–$7.60. The revision reflects lower expected production and higher capital spending, although the midpoint remains above the stated analyst consensus of $7.44.
• Negative Sentiment: Quarterly earnings declined: GAAP EPS fell to $1.45 from $1.64 a year earlier, while adjusted EPS declined from $1.64. Production dropped 7% year over year, and higher operating costs offset improved hedged gas pricing.
• Negative Sentiment: Capital expenditure guidance increased to $1.00–$1.075 billion, with additional discretionary land spending of $20–$40 million. Acquisition and financing costs also contributed to a larger corporate loss.

Hedge Funds Weigh In On National Fuel Gas

Hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its position in National Fuel Gas by 159.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,360 shares of the oil and gas producer’s stock worth $269,000 after purchasing an additional 2,067 shares during the last quarter. BTG Pactual Asset Management US LLC purchased a new position in shares of National Fuel Gas in the fourth quarter worth $261,000. Empowered Funds LLC purchased a new position in shares of National Fuel Gas in the first quarter worth $247,000. Equitable Holdings Inc. lifted its stake in shares of National Fuel Gas by 24.1% during the fourth quarter. Equitable Holdings Inc. now owns 2,947 shares of the oil and gas producer’s stock worth $236,000 after buying an additional 573 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of National Fuel Gas during the third quarter worth $229,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.