Earnings Increase
National Fuel Gas Company reported a more than 30% increase in earnings compared to last year, driven by momentum across all business segments.
Production Growth
Seneca Resources reported an 8% sequential growth in production, with outstanding well results from the Utica program in Elliott County.
Utility Earnings Boost
The utility segment saw an earnings per share increase of $0.22, primarily due to a rate settlement approved by the New York PSC.
Successful Hedging Strategy
The company added 76 Bcf of swaps and collars for fiscal '26 and '27 with swaps executed at over $4 and collars with a floor of $4 and cap of $5.50.
Record Production and Throughput
Seneca achieved record production of almost 106 Bcf, driving all-time high gathering volumes of nearly 130 Bcf.
Strong Demand Outlook
The outlook for natural gas remains strong, with increasing demand from LNG exports and domestic energy needs, positioning National Fuel well to capture market share.
Debt Refinancing
National Fuel issued $1 billion in new notes, achieving record low credit spreads and managing fixed income liabilities effectively.