Core Points - National Fuel Gas Company approved a 3.9% increase in its dividend, raising the quarterly rate from 51.5 cents to 53.5 cents per share, resulting in an annual rate of $2.14 per share [1] - The company has a long history of dividend payments, having paid dividends for 123 consecutive years and increased its annual dividend for 55 straight years [1] - The dividend is payable on July 15, 2025, to stockholders of record as of June 30, 2025 [2] Company Overview - National Fuel is a diversified energy company based in Western New York, operating an integrated collection of natural gas assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility [3] - The company has approximately 90.4 million shares of common stock outstanding and no preferred stock outstanding [2]

Core Viewpoint - New Found Gold Corp. has successfully closed the second and final tranche of its public offering, raising a total of C$63,480,000 through the sale of charity flow-through common shares and common shares, aimed at funding exploration activities at its Queensway Gold Project [1][2][6]. Offering Details - The second tranche included 24,610,000 charity flow-through common shares priced at C$2.29 each and 4,370,000 common shares priced at C$1.63 each, with gross proceeds of C$63,480,000 [1][2]. - The second tranche raised C$21,400,050 from the sale of 9,345,000 charity flow-through common shares, including the full exercise of the over-allotment option [2]. Underwriting and Fees - The offering was conducted under an underwriting agreement with a syndicate led by BMO Capital Markets and included several other firms [3]. - The company paid a total cash fee of C$526,413.75 to the underwriters, which is 5.25% of the gross proceeds from the second tranche, excluding certain sales [5]. Use of Proceeds - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Queensway Gold Project, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [6]. Regulatory Approvals - The offering is subject to receiving all necessary regulatory approvals, including final approval from the TSX Venture Exchange for the listing of the shares [4]. Company Background - New Found Gold holds a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [10]. - The company has completed an initial mineral resource estimate at Queensway and is currently conducting a preliminary economic assessment [10]. - Recent drilling has indicated new discoveries, highlighting the project's district-scale potential [11].

VANCOUVER, BC, June 3, 2025 /PRNewswire/ - New Found Gold Corp. (TSXV: NFG) (NYSE-A: NFGC) ("New Found Gold" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced "bought deal" public offering of (i) 21,400,000 charity flow-through common shares of the Company (the "Charity Flow-Through Common Shares") that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) at a price of C$2.29 per Charity Flow-Th ...

The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) -- New Found Gold Corp. (“New Found Gold” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce that due to strong demand, it has increased the size of its previously announced bought deal financing to C$56 million via the addition of a new hard dollar tranche of 4,370,000 common shares (the “Common Shares” ...

Core Viewpoint - New Found Gold Corp. has announced a financing agreement involving a bought deal for charity flow-through common shares, aiming to raise approximately C$49 million to advance its Queensway Gold Project [1][4]. Financing Details - The company will issue 21,400,000 charity flow-through common shares at a price of C$2.29 per share, with gross proceeds expected to be around C$49 million [1]. - An additional option allows underwriters to purchase up to 15% more shares within 30 days post-closing of the first tranche [1]. - A non-brokered private placement of up to 12,269,939 non-flow-through common shares at C$1.63 per share is also planned, targeting gross proceeds of approximately C$20 million [2]. Shareholder Participation - Eric Sprott intends to participate in both the offering and the private placement to increase his shareholding from approximately 19% to over 20% [3]. - The company will seek disinterested shareholder approval due to Mr. Sprott's increased control post-private placement [3]. Use of Proceeds - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Queensway Gold Project, with a deadline for these expenditures set for December 31, 2026 [4]. - Funds from the private placement will be used to advance the Queensway Gold Project and for general corporate purposes [5]. Project Overview - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized for its excellent infrastructure and skilled workforce [11]. - The project has shown promising results from recent drilling, indicating significant district-scale potential across its 175,600 hectares [12].

Core Insights - New Found Gold continues to report high-grade gold mineralization from its 2024 exploration program, particularly at the Dropkick and Pistachio zones, indicating potential for resource expansion [1][2][10] - The exploration program included 13,768 meters of drilling across 38 diamond drill holes, focusing on high-grade mineralization and strike extensions [2][10] Dropkick Zone - Significant drill results from the Dropkick zone include 42.8 g/t Au over 14.95 m and 47.6 g/t Au over 3.95 m, with mineralization now intersected over a 580 m strike extent [5][6] - The mineralization at Dropkick is open in all directions, with potential for further expansion [6][10] - The new domain of mineralization discovered east of the Appleton Fault Zone (AFZ) returned 5.30 g/t Au over 15.20 m, marking the first mineralization found in that area [6][10] Pistachio Zone - The Pistachio zone has shown promising results with 5.34 g/t Au over 7.30 m, extending the high-grade mineralization by 40 m down-dip [12][14] - The zone spans a strike length of 240 m and remains open down plunge and to depth [12][14] - Systematic reconnaissance drilling has identified additional target areas for future exploration [12][14] Future Plans - The company plans to conduct follow-up drilling at Dropkick starting in June 2025, with additional work planned at a soil anomaly located north of Pistachio [10][12] - The total drilling for the 2024 exploration program reached 89,974 m across 271 diamond drill holes, with results from 37,750 m in 82 holes to be included in the next mineral resource estimate [10][12] Company Overview - New Found Gold holds a 100% interest in the Queensway project located in Newfoundland and Labrador, which covers a significant area with a 110 km strike extent along two prospective fault zones [31][32] - The company is focused on growth and value creation, supported by a solid shareholder base, including a 19% holding by Eric Sprott [32]

Core Insights - National Fuel Gas (NFG) is currently viewed as a better value opportunity compared to Cactus, Inc. (WHD) based on various financial metrics and Zacks Rank [1][3][7] Valuation Metrics - NFG has a forward P/E ratio of 12.01, while WHD has a forward P/E of 14.86, indicating that NFG is potentially undervalued [5] - The PEG ratio for NFG is 0.59, suggesting a favorable earnings growth outlook compared to WHD's PEG ratio of 5.09, which indicates a less attractive growth perspective [5] - NFG's P/B ratio stands at 2.63, compared to WHD's P/B of 2.69, further supporting NFG's valuation advantage [6] Earnings Outlook - NFG is experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model, contrasting with WHD's weaker outlook [3][7]

VANCOUVER, BC, May 7, 2025 /PRNewswire/ - New Found Gold Corp. ("New Found Gold" or the "Company") (TSXV: NFG) (NYSE-A: NFGC) is pleased to announce the start of the 2025 work program on the Company's 100%-owned Queensway Gold Project ("Queensway" or the "Project") in Newfoundland and Labrador, Canada.Highlights: Figure 1. AFZ Core map showing the location of Dome and Golden Dome. (CNW Group/New Found Gold Corp.) Figure 2. Iceberg excavation showing high-grade quartz vein exposures. (CNW Group/New Fou ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is National Fuel Gas (NFG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.National Fuel Gas is a member of our Oils-Energy group, which includes 246 different companies and currently sits at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring ...

Revenue Growth - Utility revenues increased to $343,574,000 for the three months ended March 31, 2025, compared to $290,198,000 for the same period in 2024, representing a growth of 18.4%[11] - Exploration and production revenues rose to $311,958,000 for the three months ended March 31, 2025, up from $264,614,000 in 2024, marking an increase of 17.9%[11] - Total revenues for the quarter ended March 31, 2025, were $729.95 million, a significant increase compared to $629.94 million for the same quarter in 2024, reflecting a year-over-year growth of approximately 15.9%[43][45]. - For the six months ended March 31, 2025, total revenues were $1.28 billion, up from $1.15 billion in the same period in 2024, representing an increase of approximately 10.7%[44][46]. Net Income and Earnings - Net income available for common stock for the three months ended March 31, 2025, was $216,358,000, compared to $166,272,000 in 2024, reflecting a year-over-year increase of 30.2%[12] - Earnings per common share (diluted) increased to $2.37 for the three months ended March 31, 2025, from $1.80 in 2024, a rise of 31.7%[11] - Net Income Available for Common Stock for the six months ended March 31, 2025, was $261,344,000, down from $299,292,000 for the same period in 2024, representing a decrease of about 12.7%[19]. Operating Performance - Operating income for the three months ended March 31, 2025, was $317,252,000, compared to $250,623,000 in 2024, representing a growth of 26.5%[11] - Segment profit for the Exploration and Production segment was $97.83 million for the quarter ended March 31, 2025, compared to $62.07 million in the same quarter of 2024, reflecting a year-over-year increase of approximately 57.7%[83][85]. Assets and Liabilities - Total assets as of March 31, 2025, were $8,479,963,000, compared to $8,319,770,000 as of September 30, 2024, indicating an increase of 1.9%[15] - Long-Term Debt increased from $2,188,243,000 in September 2024 to $2,381,126,000 in March 2025, an increase of approximately 8.8%[17]. - As of March 31, 2025, total net assets amounted to $58,102,000, while total liabilities were $201,464,000, resulting in total net liabilities of $(143,317,000)[50]. Cash Flow and Capital Expenditures - Net Cash Provided by Operating Activities decreased to $473,870,000 for the six months ended March 31, 2025, compared to $586,261,000 for the same period in 2024, a decline of approximately 19.2%[19]. - Capital Expenditures for the six months ended March 31, 2025, were $434,260,000, down from $481,958,000 in 2024, reflecting a decrease of about 9.9%[19]. Dividends and Shareholder Equity - The company declared dividends per common share of $0.515 for the three months ended March 31, 2025, compared to $0.495 in 2024, an increase of 4%[11]. - Total Comprehensive Shareholders' Equity decreased from $2,848,343,000 in September 2024 to $2,765,611,000 in March 2025, a decline of approximately 2.9%[17]. Impairments and Other Charges - The company reported a comprehensive income of $69,536,000 for the three months ended March 31, 2025, down from $174,231,000 in 2024, a decrease of 60%[12]. - The company recorded an impairment charge of $33,453,000 for water disposal assets during the six months ended March 31, 2024[51]. - The company recognized a deferred income tax benefit of $29.2 million related to the non-cash impairment charge for the quarter ended December 31, 2024[29]. Regulatory and Rate Orders - The 2024 Rate Order approved by the NYPSC authorizes a revenue requirement increase of $57.3 million in fiscal 2025, with additional increases of $15.8 million in fiscal 2026 and $12.7 million in fiscal 2027[91]. - The revenue decoupling and weather normalization adjustment mechanisms were approved in the 2024 Rate Order[92]. - Empire is required to file a Section 4 rate case by May 31, 2031, and cannot file a new rate case before April 30, 2027[96]. Financial Instruments and Derivatives - The company recorded a derivative financial instruments revenue of $(7.83) million for the quarter, indicating a loss in this area[43]. - For the three months ended March 31, 2025, the total derivative loss was $209.046 million, compared to a gain of $71.164 million for the same period in 2024, indicating a significant decline in performance[64]. - As of March 31, 2025, the fair market value of derivative financial instrument liabilities with a credit-risk related contingency feature was $147.3 million, with no hedging collateral deposits required[66].