WILLIAMSVILLE, N.Y., Oct. 23, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE: NFG) today announced it will release its fourth quarter and full year fiscal 2025 earnings results on Wednesday, November 5, 2025 after market close. A conference call to discuss the results will be held on Thursday, November 6, 2025 beginning at 9:00 a.m. ET and will include prepared remarks from the executive team followed by a question and answer session. All participants must pre-register to join this conference usin ...

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PresentationHello and welcome to the National Fuel Gas Company acquisition of CenterPoint's Ohio Natural Gas Utility Conference Call. My name is Alex. I'll be coordinating the call today. [Operator Instructions]. I now hand it over to Natalie Fischer, Director of Investor Relations, to begin. Please go ahead.Natalie FischerDirector of Investor Relations Thank you, Alex, and good morning. We appreciate you joining us on today's conference call for a discussion of National Fuel's acquisition of CenterPoint En ...

Summary of National Fuel Gas Company Conference Call Company and Industry - **Company**: National Fuel Gas Company (NYSE: NFG) - **Industry**: Natural Gas Utility Key Points and Arguments Acquisition Details - National Fuel Gas Company announced the acquisition of CenterPoint Energy's Ohio Natural Gas Utility business for **$2.62 billion** on a cash-free, debt-free basis, valuing the transaction at approximately **1.6 times** the estimated rate base at year-end **2026** [4][10] - The acquisition will add **335,000 customers** and over **5,900 miles** of natural gas transmission and distribution pipelines, along with a **$1.6 billion** rate base [4][10] - Expected closing of the acquisition is in the **fourth quarter of calendar 2026**, pending regulatory reviews [4][10] Strategic Importance - The acquisition is part of National Fuel's strategic priority to grow through M&A, particularly in regulated sectors [4][10] - It is expected to enhance the company's investment-grade credit profile and support continued growth on both regulated and non-regulated sides [5][10] - The Ohio Natural Gas Utility business is seen as a great fit due to its scale, geographical proximity to existing operations, favorable regulatory environment, and stable customer base [5][6][10] Financial Implications - The acquisition is anticipated to be immediately accretive to the company's regulated earnings per share, excluding transaction-related expenses [6][10] - On a consolidated basis, adjusted operating results are expected to be neutral in **fiscal 2028**, with potential for accretion thereafter [7][10] - National Fuel plans to finance the acquisition through a combination of **$300 million to $400 million** in common equity, long-term debt, and free cash flow from integrated upstream and gathering operations [14][16] Regulatory Environment - Ohio's regulatory framework is described as constructive, with mechanisms in place for timely recovery of investments and system modernization [11][12] - The Ohio Commission has approved cost recovery for nearly **100%** of capital investments through various riders, providing certainty for future cash flows [12][10] Growth Opportunities - National Fuel plans to invest **$150 million to $200 million** in capital for modernization and safety improvements in the Ohio operations [27][10] - The service territory is positioned between Columbus and Cincinnati, presenting growth opportunities due to regional sprawl and investment [27][10] Integration and Future Outlook - National Fuel is committed to a smooth integration process with CenterPoint's Ohio workforce, emphasizing shared values in safety and customer service [9][17] - The acquisition is expected to deliver long-term value for stakeholders, with a strong outlook for the natural gas industry [10][18] Earnings and Capital Allocation - Historical net income from CenterPoint's Ohio business is approximately **$65 million**, with built-in rate increases expected to support growth over the next five years [30][10] - National Fuel aims to maintain a balance between strengthening its balance sheet and deploying capital for growth opportunities [40][10] Additional Important Information - The acquisition aligns with National Fuel's long-term strategy to enhance its portfolio and improve earnings and credit metrics [10][18] - The company has a nearly **125-year** history in the energy sector, reinforcing its commitment to providing reliable energy supplies [9][10]

Acquisition Overview - National Fuel Gas Company (NFG) has agreed to acquire CenterPoint's Ohio regulated gas utility business (CNP Ohio) for $2.62 billion[5] - The purchase price represents approximately 1.6x CNP Ohio's estimated 2026 rate base[5, 11] - The transaction is expected to close in the fourth quarter of calendar year 2026[7, 11] Strategic Benefits - The acquisition will increase NFG's customer base to approximately 1.1 million[8, 12] - CNP Ohio has ~$1.6 billion in rate base expected at closing[7] - NFG's regulated rate base is expected to double with the addition of CNP Ohio[8, 16] - CNP Ohio is expected to have capital spending of $900 million over the next five years[8] Financial Impact - The acquisition is expected to be immediately accretive to regulated earnings[10, 24] - Consolidated adjusted earnings per share are expected to be neutral in fiscal year 2028 and accretive thereafter[10, 24] Financing and Credit Profile - A $1.2 billion seller promissory note with an interest rate of 6.5% and a maturity date of 364 days after closing is included in the financing structure[11] - Permanent transaction financing is expected to include $300 to $400 million in equity[11] - The company is targeting Debt/EBITDA of 2.5 – 3.0x and FFO/Net Debt of greater than 30% by the end of the fiscal year after closing[11] Regulatory Environment - CNP Ohio's Stipulation under the General Rate Case on file with PUCO includes an equity layer of 52.9% and a Return on Equity of 9.85%[12, 13] - The General Rate Case filed with PUCO in July 2025 includes an agreed upon revenue increase of $60 million[18]

CenterPoint agreed to sell its Ohio natural gas utility to National Fuel Gas Company for $2.6 billion https://t.co/mmDOg7xwJY ...

CenterPoint Energy has agreed to sell its natural gas local distribution business in Ohio to National Fuel Gas for $2.62 billion. ...

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) ("CenterPoint†or the "Company†) today announced the sale of its Ohio natural gas Local Distribution Company (LDC) business, Vectren Energy Delivery of Ohio, LLC, to National Fuel Gas Company (NYSE: NFG), a diversified energy company headquartered in Western New York, for $2.62 billion. The assets include approximately 5,900 miles of transmission and distribution pipeline in Ohio serving approximately 335,000 metered customers. The. ...

WILLIAMSVILLE, N.Y., Oct. 21, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company ("National Fuel" or the "Company") (NYSE: NFG) today announced it has entered into a definitive agreement with CenterPoint Energy Resources Corp. (“CERC”), a subsidiary of CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) to acquire CenterPoint’s Ohio natural gas utility business (“CNP Ohio”). National Fuel is acquiring the equity interests in CNP Ohio for total consideration of $2.62 billion on a cash-free, debt-free basis, ...

Well, a mixed day on Wall Street here with the S&P 500 end ending the day fractionally lower lower. The Nasdaq as well, the Dow actually finishing the day higher. Volatility index hit a four-month high as investors digest the latest in the US China trade battle.This as the government shutdown enters its second week, third week. How should investors position amid all this uncertainty. Joining us exclusively, Mario Gabelli, chairman and CEO of Gamco Investors right here on set.It's great to have you. Welcome. ...