National Fuel Gas (NYSE:NFG) Issues 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 7.600-8.100 for the period, compared to the consensus estimate of 7.330. The company issued revenue guidance of -.

National Fuel Gas Stock Down 0.1%

Shares of NYSE NFG opened at $83.10 on Thursday. The stock has a market cap of $7.90 billion, a PE ratio of 14.63, a P/E/G ratio of 1.15 and a beta of 0.61. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 0.77. National Fuel Gas has a 12-month low of $67.39 and a 12-month high of $94.13. The company has a 50-day moving average of $81.28 and a 200 day moving average of $84.28.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, January 28th. The oil and gas producer reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.15. The business had revenue of $651.51 million for the quarter, compared to analyst estimates of $650.70 million. National Fuel Gas had a net margin of 22.86% and a return on equity of 21.76%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. National Fuel Gas has set its FY 2026 guidance at 7.600-8.100 EPS. As a group, sell-side analysts predict that National Fuel Gas will post 6.64 EPS for the current fiscal year.

National Fuel Gas Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFG. Scotiabank set a $101.00 price target on shares of National Fuel Gas in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of National Fuel Gas in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of National Fuel Gas from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, National Fuel Gas presently 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 and strong operational performance: NFG reported adjusted EPS of $2.06 (beat consensus) and revenue roughly in line with expectations; adjusted EPS rose ~24% YoY driven by higher Appalachian production and higher realized natural gas prices. Zacks Q1 Coverage
• Positive Sentiment: Guidance reaffirmed above prior consensus: management reaffirmed FY?2026 adjusted EPS range of $7.60–$8.10 (midpoint $7.85), which is above some analyst expectations and gives a clear outlook framework. Press Release
• Positive Sentiment: Upstream catalysts and projects on track: production +12% (Seneca), upstream realized price improvement, and major midstream projects (Shippingport Lateral, Tioga Pathway) remain on track for late?2026 in?service — supporting future cash flow growth. Quiver AI Summary
• Positive Sentiment: Funding for strategic acquisition secured: the company raised $350M via a private common equity placement to fund the planned CenterPoint Ohio gas utility acquisition, removing a near?term financing overhang for that deal. Quiver AI Summary
• Positive Sentiment: Analyst support: Bank of America maintained a Buy rating and $99 price target, signalling institutional confidence in cash flow and growth runway. TipRanks / BofA Note
• Neutral Sentiment: Investor materials updated: the company refreshed its investor presentation and slide deck (useful for modeling assumptions and project/timing detail). Investor Presentation Update
• Neutral Sentiment: Top?line nuance: some outlets flagged a small revenue miss vs. one consensus estimate (?$2.3M), though the beat on adjusted EPS and strong segment trends outweighed the tiny shortfall. Seeking Alpha
• Negative Sentiment: Acquisition & financing costs hit near?term results: corporate segment logged a net loss tied to transaction and financing costs for the pending Ohio utility deal, which reduced GAAP results and adds near?term volatility. Press Release
• Negative Sentiment: Commodity price sensitivity: management’s guidance assumes ~ $3.75 NYMEX for the remaining nine months — EPS is materially sensitive to NYMEX moves, so gas?price volatility is a key downside risk to the guidance. Guidance Details
• Negative Sentiment: Equity issuance diluted near?term metrics: the $350M private placement increased diluted share count for FY?2026 calculations (management used adjusted shares), which investors should model when assessing per?share growth. Quiver AI Summary

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of National Fuel Gas by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,953 shares of the oil and gas producer’s stock valued at $12,667,000 after buying an additional 36,913 shares during the period. Empowered Funds LLC acquired a new position in National Fuel Gas in the 1st quarter valued at about $247,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in National Fuel Gas by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,730 shares of the oil and gas producer’s stock worth $17,480,000 after purchasing an additional 8,304 shares during the period. Focus Partners Wealth lifted its position in shares of National Fuel Gas by 79.5% during the first quarter. Focus Partners Wealth now owns 12,729 shares of the oil and gas producer’s stock worth $1,008,000 after purchasing an additional 5,638 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of National Fuel Gas during the first quarter worth about $138,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.