Exhibit 99 Release Date: Immediate April 30, 2025 Natalie M. Fischer 6363 Main Street/Williamsville, NY 14221 Investor Relations 716-857-7315 Timothy J. Silverstein Chief Financial Officer 716-857-6987 NATIONAL FUEL REPORTS SECOND QUARTER EARNINGS WILLIAMSVILLE, N.Y.: National Fuel Gas Company ("National Fuel" or the "Company") (NYSE:NFG) today announced consolidated results for the second quarter of its 2025 fiscal year. FISCAL 2025 SECOND QUARTER SUMMARY MANAGEMENT COMMENTS David P. Bauer, President and C ...

National Fuel Gas (NFG) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.63%. A quarter ago, it was expected that this energy company would post earnings of $1.57 per share when it actually produced earnings of $1.66, delivering a surprise of 5.73%.Over the last four quarters, the co ...

Investor Presentation Fiscal 2025 – 2nd Quarter Update April 30, 2025 Fiscal 2025 Q2 Update 1 National Fuel Gas Company Fiscal 2025 Q2 Update 2 • Company Overview (3) • Why National Fuel? (8) • Financial Overview (13) • Business Highlights (17) • Supplemental Information • Segment Information (24) • Guidance & Other Financial Information (46) Company Overview Corporate HQ: Buffalo, NY ~2,300 employees NYSE: NFG Market Cap: ~$7.1B 122 Years of consecutive dividend payments 54 Years of consecutive dividend in ...

National Fuel Gas Company (NFG) is scheduled to release fiscal second-quarter 2025 results on April 30, after market close. The company delivered an earnings surprise of 5.7% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Key Factors That May Impact NFG's Q2 ResultsNational Fuel Gas received approval on Dec. 19, 2024, from the New York Public Service Commission to ...

National Fuel Gas Company (NYSE: NFG ) is due to report its Q2 ’25 earnings on the 30 th of April after the market closes, so I wanted to go over briefly what to expect from theMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: I/we have no stock, ...

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Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to inherent volatility and risks [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system helps identify promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - National Fuel Gas (NFG) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for attracting investor attention, with double-digit growth being particularly desirable [3] - National Fuel Gas has a historical EPS growth rate of 13.7%, but projected EPS growth for this year is expected to be 37.7%, significantly higher than the industry average of 15.7% [4] Group 3: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, allowing them to expand without relying on external funding [5] - National Fuel Gas has a year-over-year cash flow growth of 3.8%, outperforming the industry average of -2% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 9.9%, compared to the industry average of 8.9% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - National Fuel Gas has seen upward revisions in current-year earnings estimates, with the Zacks Consensus Estimate increasing by 3.9% over the past month [8] Group 5: Overall Positioning - National Fuel Gas has achieved a Growth Score of B and a Zacks Rank 1 due to positive earnings estimate revisions, positioning it well for potential outperformance [10]

Company Announcement - National Fuel Gas Company will release its second quarter fiscal 2025 earnings results on April 30, 2025, after market close [1] - A conference call to discuss the results is scheduled for May 1, 2025, at 9:00 a.m. ET, lasting approximately 20 minutes for prepared remarks followed by a Q&A session [1] Conference Call Details - Participants must pre-register to join the conference using the provided registration link [2] - A webcast link will be available on the NFG Investor Relations website, and a replay of the call will be accessible until May 8, 2025 [2] Company Overview - National Fuel is a diversified energy company based in Western New York, operating across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility [3] - Additional information about the company can be found on its official website [3]

Industry Overview - The Zacks Oil & Gas US Integrated industry includes companies involved in upstream and midstream energy businesses, focusing on oil and natural gas exploration and production, as well as transportation and storage [3] - Upstream operations are positively correlated to oil and gas prices, while midstream assets generate stable fee-based revenues [3] Current Market Environment - Despite a significant decline in crude prices, the pricing environment remains favorable for exploration and production activities [1] - Integrated energy firms' midstream segments are performing well due to consistent revenues from pipeline and storage fees [1] Key Trends - Oil prices are still favorable as the breakeven price in most U.S. shale plays is lower than current oil prices, allowing upstream operations to remain profitable [4] - Integrated companies' midstream businesses are less exposed to commodity price volatility, securing stable fee-based revenues through long-term contracts [5] - Companies are focusing on reducing greenhouse gas emissions and flaring rates in response to climate change concerns [6] Industry Performance - The Zacks Oil & Gas US Integrated industry has underperformed compared to the broader Zacks Oil - Energy sector and the S&P 500 over the past year, with a decline of 31.8% [9] - The industry currently holds a Zacks Industry Rank of 78, placing it in the top 32% of over 250 Zacks industries, indicating bright near-term prospects [7][8] Valuation Metrics - The industry is trading at an EV/EBITDA ratio of 4.61X, lower than the S&P 500's 14.66X but higher than the sector's 4.09X [13] - Over the past five years, the industry's EV/EBITDA has ranged from 3.33X to 14.35X, with a median of 5.02X [13] Notable Companies - **ConocoPhillips (COP)**: Has a promising production outlook with lower debt exposure, positioned to withstand adverse business scenarios [15] - **Occidental Petroleum (OXY)**: Significant presence in U.S. shale plays, with a reserve replacement rate of 230% in 2024 [17][19] - **National Fuel Gas (NFG)**: Involved in developing resources in Marcellus and Utica shale plays, with a strong dividend payment history [22] - **Epsilon Energy (EPSN)**: An independent natural gas and oil company with operations in Marcellus Shale and Permian basin, debt-free with stable cash flows [25]

Core Viewpoint - Donna L. DeCarolis, President of National Fuel Gas Distribution Corporation, will retire on July 1, 2025, after over 40 years of service, but will continue as a Senior Energy Advisor for the company, focusing on energy policy matters in New York [2][4][5]. Company Leadership Transition - Michael Colpoys will succeed DeCarolis as President of National Fuel Gas Distribution Corporation on July 1, 2025. Colpoys has extensive experience in utility operations and has been with National Fuel since 1987 [9][10]. DeCarolis' Contributions - DeCarolis has been a strong advocate for natural gas customers and has actively participated in community discussions regarding New York's climate policies since the state enacted aggressive climate legislation in 2019 [4][5]. - She served on the New York State Climate Action Council, where she raised concerns about the impact of climate policies on customer affordability and energy reliability [7]. Company Overview - National Fuel Gas Company operates in four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Utility segment serves 2.2 million residents in Western New York and Northwestern Pennsylvania [12].