The earnings call highlighted strong production growth, operational efficiency, pipeline expansion, and a positive outlook for fiscal 2026. However, challenges such as a paused buyback program and increased operating costs were noted. Overall, the positive aspects significantly outweigh the challenges.

Company Guidance

During the National Fuel Gas Company Q3 Fiscal 2025 earnings call, several key metrics and guidance updates were discussed. The company reported a 66% increase in adjusted operating results compared to the previous year, driven by higher natural gas prices and lower operating costs. For fiscal 2025, earnings guidance was narrowed to $6.80 to $6.95 per share, with full-year production expected to increase by approximately 8% from fiscal 2024. Looking ahead to fiscal 2026, the company provided preliminary guidance, projecting a 20% increase in earnings per share at a $4 gas price, with production guidance set between 440 to 455 Bcf, reflecting a 6% increase at the midpoint. Capital expenditures for fiscal 2026 are forecasted to decrease by 4%, and the company anticipates generating $350 million to $400 million in free cash flow at $4 NYMEX. Additionally, National Fuel plans to continue investing in system modernization, with mid-single-digit rate base growth expected over the next several years, supported by significant pipeline expansion opportunities, such as the Shippingport Lateral Project and the Tioga Pathway project.

Strong Production Growth

Seneca's Eastern development area production increased by 16% from the previous year, with full-year production expected to rise by approximately 8% compared to fiscal 2024.

Operational Efficiency

Seneca expects further improvements in capital efficiency, with a projected 6% production increase while spending 4% less capital in fiscal 2026.

Pipeline Expansion Opportunities

The Shippingport Lateral Project and Tioga Pathway project are expected to generate over $30 million in new revenue annually, representing about 7% of current pipeline and storage segment revenues.

Dividend Increase

The company raised its dividend for the 55th consecutive year to an annual rate of $2.14 per share.

Earnings and Revenue Growth

Adjusted operating results increased by 66% compared to last year, with fiscal 2025 earnings guidance adjusted to $6.80 to $6.95 per share.

Positive Fiscal 2026 Outlook

Preliminary guidance suggests a 20% increase in earnings per share at a $4 NYMEX price, supported by a strong hedge book and operational efficiencies.

National Fuel Gas Company (NFG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NFG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q4)	1.26 / -	0.77	―	―	―
Jul 31, 2025	2025 (Q3)	1.52 / 1.64	0.99	65.66% (+0.65)
Apr 30, 2025	2025 (Q2)	2.21 / 2.39	1.79	33.52% (+0.60)
Jan 29, 2025	2025 (Q1)	1.53 / 1.66	1.46	13.70% (+0.20)
Nov 06, 2024	2024 (Q4)	0.82 / 0.77	0.78	-1.28% (-0.01)
Jul 31, 2024	2024 (Q3)	0.96 / 0.99	1.01	-1.98% (-0.02)
May 01, 2024	2024 (Q2)	1.51 / 1.79	1.54	16.23% (+0.25)
Feb 07, 2024	2024 (Q1)	1.33 / 1.46	1.84	-20.65% (-0.38)
Nov 01, 2023	2023 (Q4)	0.84 / 0.78	1.19	-34.45% (-0.41)
Aug 02, 2023	2023 (Q3)	0.91 / 1.01	1.54	-34.42% (-0.53)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NFG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$86.79	$86.65	-0.16%
Apr 30, 2025	$76.30	$78.70	+3.15%
Jan 29, 2025	$67.58	$69.42	+2.72%
Nov 06, 2024	$61.06	$57.64	-5.60%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does National Fuel Gas Company (NFG) report earnings?

National Fuel Gas Company (NFG) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is National Fuel Gas Company (NFG) earnings time?

National Fuel Gas Company (NFG) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NFG EPS forecast?

NFG EPS forecast for the fiscal quarter 2025 (Q4) is 1.26.

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