Core Viewpoint - New Found Gold Corp. has strengthened its management team with key appointments, including Dr. Andrew Furey as an independent director, Hashim Ahmed as CFO, and Robert Assabgui as COO, as the company advances towards production [1][2]. Management Changes - Dr. Andrew Furey, former Premier of Newfoundland and Labrador, has been appointed as an independent director, bringing extensive experience in policy and economic strategy [1][3]. - Hashim Ahmed has been appointed as CFO, with 25 years of experience in financial management and a history of executive roles in the mining industry [1][4][5]. - Robert Assabgui has been appointed as COO, previously serving as Study Manager and having significant experience in project management and engineering within the mining sector [1][6][7]. - Vijay Mehta has stepped down from his role as director, and Michael Kanevsky will assist with the transition [1][2]. Company Background - New Found Gold is an emerging Canadian gold producer with a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized for its excellent infrastructure and skilled workforce [9]. - The company has completed a Preliminary Economic Assessment (PEA) for the Queensway project, with ongoing drilling revealing new discoveries [9]. - Recent agreements include acquiring shares from Maritime Resources Corp. and a property purchase agreement with Exploits Discovery Corp., which will increase the size of the Queensway project by up to 33%, totaling 234,050 hectares [10]. Shareholder Base - The company has a solid shareholder base, including approximately 23.1% ownership by Eric Sprott, indicating strong investor confidence as it focuses on gold production [11].

Core Viewpoint - New Found Gold Corp. is actively participating in several upcoming conferences to discuss its recent developments, including the combination with Maritime Resources Corp. and the expansion of the Queensway Gold Project [1][9][10]. Conference Participation - The CEO Keith Boyle and VP Fiona Childe will attend the Precious Metals Summit from September 9 to 12, 2025, where Mr. Boyle will present on September 11, 2025 [2]. - They will also participate in the Mining Forum Americas 2025 from September 14 to 17, 2025, with a presentation scheduled for September 16, 2025 [3]. - Fiona Childe will represent the company at the Munich Mining Conference on October 3 to 4, 2025, presenting on October 3, 2025 [4]. Recent Developments - New Found Gold has completed a Preliminary Economic Assessment (PEA) for the Queensway Gold Project, which is located in Newfoundland and Labrador [7]. - The company has announced a definitive agreement to acquire all outstanding shares of Maritime Resources Corp. [9]. - A Property Purchase Agreement with Exploits Discovery Corp. will provide New Found Gold with a 100% interest in certain mineral claims, increasing the size of the Queensway project by up to 33%, totaling 234,050 hectares [10]. Company Overview - New Found Gold is an advanced-stage exploration company with a 100% interest in the Queensway project, which spans 175,450 hectares and has significant district-scale potential [7][8]. - The company has a solid shareholder base, including a 23.1% holding by Eric Sprott, and is focused on growth and value creation at Queensway [11].

WILLIAMSVILLE, N.Y., Sept. 08, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company (National Fuel or the Company, NYSE: NFG) today released its 2024 Corporate Responsibility Report (Report), detailing the Company's policies, practices and performance metrics in key corporate responsibility and sustainability areas. An electronic version of the report is available by clicking here. "In 2024, we advanced our commitment to responsibly and sustainably provide critical energy supplies within our operating footpri ...

Group 1 - New Found Gold (NYSE: NFGC) is positioned in a growing gold camp in Newfoundland, indicating potential for significant value appreciation in the market [1] - Recent drill results and corporate developments suggest that the market may be undervaluing the company's prospects [1] Group 2 - The focus is on identifying companies with strong brand recognition, solid financials, and growth potential within the consumer products sector [1]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score emphasizes companies with strong financial health and growth potential [4] - Momentum Score tracks price trends to capitalize on upward or downward movements [5] - VGM Score combines all three styles to provide a comprehensive assessment of stocks [6] Zacks Rank and Performance - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investment decisions [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, achieving an average annual return of +23.75% since 1988 [8] - There are over 800 top-rated stocks available, making it essential to use Style Scores for effective selection [9] Investment Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [10] - Stocks with lower ranks but high Style Scores may still face downward price pressure due to negative earnings forecasts [11] Company Spotlight: National Fuel Gas (NFG) - National Fuel Gas Company is an integrated energy firm with natural gas and oil assets [12] - NFG holds a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating moderate potential [12] - The company is projected to experience a year-over-year earnings growth of 36.5% for the current fiscal year, supported by a Growth Style Score of B [13] - Recent earnings estimates for fiscal 2025 have been revised upward, with a consensus estimate of $6.84 per share [13]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][2][9] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Each stock receives an alphabetic rating from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Score assesses trends in stock price and earnings outlook, utilizing factors like one-week price change and monthly earnings estimate changes [5] VGM Score - The VGM Score combines the three Style Scores, providing a comprehensive rating based on value, growth, and momentum [6] Zacks Rank - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to guide investors in portfolio creation [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +23.75% since 1988, significantly outperforming the S&P 500 [8] Stock to Watch: National Fuel Gas (NFG) - National Fuel Gas Company, based in Williamsville, New York, operates in the energy sector with natural gas and oil assets [12] - NFG holds a 3 (Hold) rating on the Zacks Rank and has a VGM Score of A, indicating solid performance potential [12] - The company has a Value Style Score of B, supported by a forward P/E ratio of 12.75, making it attractive to value investors [13] - Recent earnings estimates for fiscal 2025 have been revised higher, with the Zacks Consensus Estimate increasing by $0.05 to $6.84 per share, alongside an average earnings surprise of +4.4% [13]

Core Viewpoint - New Found Gold Corp. has temporarily suspended all exploration activities involving heavy equipment at its Queensway Gold Project due to extreme forest fire risks in Newfoundland and Labrador [1][2]. Company Overview - New Found Gold holds a 100% interest in the Queensway Gold Project, located in Newfoundland and Labrador, which is recognized as a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce [3]. - The company has completed an initial Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) for the Queensway project [3]. Recent Developments - Recent drilling at the Queensway project has continued to yield new discoveries, indicating significant district-scale potential across the 175,450 hectares of the project, which covers a 110 km strike extent along two prospective fault zones [4]. - The company has a new management team and a solid shareholder base, including a 19% holding by Eric Sprott, focusing on growth and value creation at Queensway [4].

Group 1 - The article discusses National Fuel Gas (NYSE: NFG) and highlights the increasing demand for energy, which positions the company to benefit significantly from market opportunities [1] - The author expresses a belief in the efficiency of financial markets, suggesting that stocks often reflect their true value, and identifies less-followed stocks as potential profit opportunities [1] Group 2 - The author has a beneficial long position in NFG shares, indicating confidence in the company's future performance [2] - The article is presented as an independent opinion, with no compensation received from any company mentioned, reinforcing the credibility of the analysis [2]

Core Insights - National Fuel Gas Company (NFG) reported third-quarter fiscal 2025 adjusted operating earnings of $1.64 per share, exceeding the Zacks Consensus Estimate of $1.50 by 9.3% and increasing 65.7% from the previous year's figure of 99 cents [1][9] - Total revenues for NFG were $531.8 million, missing the Zacks Consensus Estimate of $617 million by 13.8%, but reflecting a 27.4% increase from $417.4 million in the prior year [2] - Operating income rose to $230.3 million from an operating loss of $51.4 million in the year-ago quarter, aided by a 35.7% reduction in total operating expenses to $301.6 million [4][5][9] Revenue Breakdown - Utility segment revenues reached $157.4 million, a 26.1% increase from $124.8 million in the year-ago quarter [3] - Exploration and Production and Other segments generated revenues of $303.9 million, up 37.6% from $220.9 million in the previous year [3] - Pipeline and Storage and Gathering revenues amounted to $70.5 million, showing a slight decrease of 1.7% from $71.7 million in the year-ago quarter [3] Production and Operational Highlights - Seneca produced 112 billion cubic feet (Bcf) of natural gas, an increase of 15 Bcf or 16% from the prior year, driven by new Utica pads in Tioga County [6][9] - Interest expense on long-term debt was $34.3 million, up 4.3% from $32.9 million in the previous year [5] Financial Position - As of June 30, 2025, NFG had cash and temporary cash investments of $39.3 million, slightly up from $38.2 million as of September 30, 2024 [7] - Net cash provided by operating activities for the first nine months of fiscal 2025 totaled $862.3 million, compared to $868 million in the same period last year [7] - Capital expenditures for the first nine months of fiscal 2025 were $627.3 million, down from $684.2 million in the prior year [7] Guidance and Future Outlook - NFG revised its guidance for fiscal 2025 adjusted earnings per share to a range of $6.80-$6.95, incorporating third-quarter results and lower expected realized natural gas prices [10] - The company expects capital expenditures for fiscal 2025 to be between $890-$955 million, slightly adjusted from the previous range of $885-$960 million [11] - Production for fiscal 2025 is now anticipated to be in the range of 420-425 Bcf, up from the previous estimate of 415-425 Bcf [11]

Part I. Financial Information [Item 1. Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements and accompanying notes for the three and nine months ended June 30, 2025 [Consolidated Statements of Income and Earnings Reinvested in the Business](index=6&type=section&id=Consolidated%20Statements%20of%20Income%20and%20Earnings%20Reinvested%20in%20the%20Business) Net income for the nine months ended June 30, 2025, rose to $411.2 million, driven by a 15.2% increase in operating revenues Consolidated Income Statement Highlights (Nine Months Ended June 30) | Financial Metric | 2025 (Thousands USD) | 2024 (Thousands USD) | Change | | :--- | :--- | :--- | :--- | | **Operating Revenues** | $1,811,262 | $1,572,742 | +15.2% | | **Operating Income** | $633,694 | $406,294 | +56.0% | | **Net Income** | $411,162 | $245,134 | +67.7% | | **Diluted EPS** | $4.51 | $2.65 | +70.2% | [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets grew slightly to $8.45 billion, supported by increased property, plant, and equipment Key Balance Sheet Items | Balance Sheet Item | June 30, 2025 (Thousands USD) | September 30, 2024 (Thousands USD) | | :--- | :--- | :--- | | **Total Assets** | $8,446,160 | $8,319,770 | | **Total Current Assets** | $408,155 | $355,919 | | **Long-Term Debt, Net** | $2,381,852 | $2,188,243 | | **Total Comprehensive Shareholders' Equity** | $2,975,488 | $2,848,343 | [Consolidated Statements of Cash Flows](index=11&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations remained stable at $862.3 million for the nine months ended June 30, 2025, while investing and financing activities resulted in cash outflows Cash Flow Summary (Nine Months Ended June 30) | Cash Flow Activity | 2025 (Thousands USD) | 2024 (Thousands USD) | | :--- | :--- | :--- | | **Net Cash Provided by Operating Activities** | $862,276 | $868,015 | | **Net Cash Used in Investing Activities** | $(617,964) | $(685,571) | | **Net Cash Used in Financing Activities** | $(243,217) | $(156,477) | | **Net Increase in Cash** | $1,095 | $25,967 | [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Key disclosures include a $108.3 million impairment charge, a $1.0 billion debt issuance, and $53.8 million in share repurchases - A non-cash, pre-tax impairment charge of **$108.3 million** was recognized in the Exploration and Production segment for the quarter ended December 31, 2024, as the book value of properties exceeded the SEC full cost ceiling[32](index=32&type=chunk) - On February 19, 2025, the company issued **$1.0 billion in new notes** ($500 million of 5.50% notes due 2030 and $500 million of 5.95% notes due 2035)[80](index=80&type=chunk) - During the nine months ended June 30, 2025, the company repurchased 828,720 shares of its common stock for a total cost of **$53.8 million** under its $200 million share repurchase program[77](index=77&type=chunk) - The company's New York utility division received approval for a three-year rate plan authorizing a revenue requirement increase of **$57.3 million** in fiscal 2025[96](index=96&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=30&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes financial performance, segment results, liquidity, and capital resources, highlighting earnings drivers and strategic initiatives [Overview](index=30&type=section&id=Overview) The company is advancing major pipeline projects while managing a significant impairment charge, a new rate plan, and substantial capital market activities - The company is advancing two key pipeline expansion projects: the **Tioga Pathway Project** ($101M estimated cost) and the **Shippingport Lateral Project** ($57M estimated cost)[105](index=105&type=chunk)[106](index=106&type=chunk)[107](index=107&type=chunk) - A non-cash impairment charge of **$108.3 million** ($79.1 million after-tax) was recorded in the Exploration and Production segment during the quarter ended December 31, 2024[109](index=109&type=chunk) - In February 2025, the company issued **$1.0 billion in new notes** to refinance existing debt and repurchased **828,720 shares for $53.8 million** during the nine-month period[110](index=110&type=chunk)[112](index=112&type=chunk) [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Consolidated earnings increased by $166.1 million, primarily driven by a $135.2 million earnings rise in the Exploration and Production segment Earnings by Segment (Nine Months Ended June 30) | Segment | 2025 Earnings (Thousands USD) | 2024 Earnings (Thousands USD) | Change (Thousands USD) | | :--- | :--- | :--- | :--- | | Exploration and Production | $137,722 | $2,521 | $135,201 | | Pipeline and Storage | $93,019 | $85,482 | $7,537 | | Gathering | $83,483 | $82,510 | $973 | | Utility | $101,040 | $73,848 | $27,192 | | **Total Consolidated** | **$411,162** | **$245,134** | **$166,028** | - The Exploration and Production segment's revenue increased by **$125.2 million**, driven by a **$0.28 per Mcf increase** in the weighted average natural gas price and a **14.7 Bcf increase** in production[128](index=128&type=chunk) - The Utility segment's earnings increased by **$27.2 million**, primarily due to the impact of new base rates in its New York jurisdiction, which contributed **$25.2 million** to the increase[153](index=153&type=chunk) [Capital Resources and Liquidity](index=43&type=section&id=Capital%20Resources%20and%20Liquidity) The company maintained strong liquidity through operations and borrowings, funding $596.0 million in capital expenditures and managing debt effectively - Net cash from operating activities was **$862.3 million** for the nine months ended June 30, 2025, a slight decrease from $868.0 million in the prior year period[168](index=168&type=chunk) Capital Expenditures by Segment (Nine Months Ended June 30) | Segment | 2025 (Millions USD) | 2024 (Millions USD) | | :--- | :--- | :--- | | Exploration and Production | $354.4 | $399.8 | | Pipeline and Storage | $58.1 | $68.8 | | Gathering | $58.2 | $69.1 | | Utility | $128.3 | $117.5 | | **Total** | **$596.0** | **$655.5** | - The company maintains a **$1.0 billion unsecured revolving credit facility**, extended through February 2029, with a debt-to-capitalization ratio of **0.45**, well below the 0.65 limit[184](index=184&type=chunk)[187](index=187&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=51&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section cross-references the Management's Discussion and Analysis for disclosures on the company's exposure to market risks - The report directs readers to the "Market Risk Sensitive Instruments" section in Item 2 (MD&A) for disclosures on market risk[219](index=219&type=chunk) [Controls and Procedures](index=51&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls during the quarter - Based on an evaluation as of the end of the reporting period, the Chief Executive Officer and Chief Financial Officer concluded that the company's **disclosure controls and procedures were effective**[220](index=220&type=chunk) - There were **no changes** in the company's internal control over financial reporting during the quarter ended June 30, 2025, that have materially affected, or are reasonably likely to materially affect, these controls[221](index=221&type=chunk) Part II. Other Information [Legal Proceedings](index=51&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to other report sections for details on legal, environmental, and regulatory matters - For information on legal proceedings, the report refers to Note 7 (Commitments and Contingencies) and the MD&A section covering environmental and regulatory matters[222](index=222&type=chunk) [Risk Factors](index=51&type=section&id=Item%201A.%20Risk%20Factors) The company reports no material changes to the risk factors previously disclosed in its 2024 Form 10-K and subsequent filings - There have been **no material changes** to the risk factors disclosed in the Company's 2024 Form 10-K and the Form 10-Q for the quarter ended March 31, 2025[223](index=223&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=52&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details unregistered share issuances to directors and provides a breakdown of its quarterly share repurchase activities Issuer Purchases of Equity Securities (For the Quarter Ended June 30, 2025) | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Program | | :--- | :--- | :--- | :--- | | Apr. 1 - 30, 2025 | 64,677 | $73.72 | 53,952 | | May 1 - 31, 2025 | 11,376 | $81.35 | — | | Jun. 1 - 30, 2025 | 11,433 | $81.62 | — | | **Total** | **87,486** | **$75.35** | **53,952** | - As of June 30, 2025, approximately **$82.1 million remained available** for future purchases under the company's $200 million share repurchase plan[226](index=226&type=chunk)[227](index=227&type=chunk) [Other Information](index=52&type=section&id=Item%205.%20Other%20Information) The company confirms no directors or officers adopted or terminated Rule 10b5-1 trading arrangements during the quarter - No director or officer adopted or terminated any "Rule 10b5–1 trading arrangement" or "non-Rule 10b5–1 trading arrangement" during the quarter ended June 30, 2025[228](index=228&type=chunk) [Exhibits](index=52&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the report, including officer certifications and interactive data files - The exhibits filed with this report include CEO and CFO certifications (Exhibits 31.1, 31.2, 32) and interactive data files in Inline XBRL format (Exhibit 101)[229](index=229&type=chunk)[230](index=230&type=chunk)