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Why National Fuel Gas (NFG) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-12-27 17:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...
Best Income Stocks to Buy for December 23rd
ZACKS· 2024-12-23 06:56
Here are three stocks with buy rank and strong income characteristics for investors to consider today, December 23:Northwest Bancshares, Inc. (NWBI) : This bank holding company for Northwest Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% the last 60 days.This Zacks Rank #1 company has a dividend yield of 6.0%, compared with the industry average of 3.0%.Peoples Financial Services Corp. (PFIS) : This bank holding company has witnessed the Zacks Consensus Estimate ...
New York Public Service Commission Approves New Rates for New York Utility Business
Globenewswire· 2024-12-19 21:15
Core Viewpoint - National Fuel Gas Distribution Corporation has received approval for a three-year rate settlement from the New York Public Service Commission, with new rates effective January 1, 2025, marking the first increase since 2017 and the second in 16 years [1][3]. Financial Outcomes - The settlement reflects a rate base of $1.04 billion in the first year, a return on equity of 9.7%, and an equity ratio of 48% [4]. - The revenue requirement will increase by $57 million in fiscal 2025, $73 million in fiscal 2026 (an increase of $16 million), and $86 million in fiscal 2027 (an increase of $13 million) [4]. - The overall rate of return is projected to rise from 7.3% in fiscal 2025 to 7.5% in fiscal 2027 [8]. Rate Mechanisms - The settlement continues existing rate mechanisms such as weather normalization and revenue decoupling, and introduces a new uncollectible expense tracker for the first two rate years [5]. - The rate increase will support investments in pipeline infrastructure and workforce, addressing operational costs and advancing decarbonization initiatives [2][6]. Timing and Recovery - A make-whole provision allows the company to recover the impact of higher rates from October 1, 2024, through January 1, 2025, with earnings recovery recognized in fiscal 2025 [7]. Company Overview - National Fuel is a diversified energy company operating across four business segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility [10].
Is National Fuel Gas Company (NFG) Outperforming Other Oils-Energy Stocks This Year?
ZACKS· 2024-12-13 15:46
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has National Fuel Gas (NFG) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.National Fuel Gas is one of 240 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of t ...
National Fuel Gas (NFG) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-12-11 17:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its ...
NEW FOUND INTERSECTS 455 G/T AU OVER 4.1M, 148 G/T AU OVER 7.0M AND 58.6 G/T AU OVER 11.6M AT KEATS WITH PHASE II TRENCH CHANNEL SAMPLES
Prnewswire· 2024-12-02 11:30
Accessibility StatementSkip Navigation Channel No. From (m) To (m) Interval (m) Au (g/t) True Width (%) Zone KM-24-01-32 1.75 8.90 7.15 14.78 85-95 Keats Trench Including 2.65 3.35 0.70 126.01 85-95 KM-24-01-35 0.00 3.90 3.90 10.37 80-90 Keats Trench Including 0.00 1.30 1.30 14.23 80-90 Including 3.35 3.90 <td colspan="1" rowspan="1" height="" wid ...
Why National Fuel Gas Is Still On My 'Buy' List
Seeking Alpha· 2024-11-25 06:01
Analyst’s Disclosure: I/we have a beneficial long position in the shares of UGI, NFG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial a ...
National Fuel Gas pany(NFG) - 2024 Q4 - Earnings Call Transcript
2024-11-07 18:48
Financial Data and Key Metrics Changes - National Fuel's fourth quarter adjusted operating results were $0.77 per share, with natural gas prices being a headwind, although a strong hedge book delivered a $61 million gain during the quarter [4][27] - GAAP earnings reported a loss of $1.84 per share due to noncash impairments, including a $34 million impairment related to the Northern Access project [27][28] - The company revised its guidance for adjusted operating results for 2025 to a range of $5.50 to $6 per share, assuming NYMEX prices average $2.80 per MMBtu [31] Business Line Data and Key Metrics Changes - Seneca Resources achieved record production of 392 Bcfe, a 5% increase over fiscal '23, despite 14 Bcf of voluntary price curtailments [17] - NFG Midstream throughput increased 6% to a record 480 Bcf in fiscal '24, supported by growth at Seneca and third-party customers [17] - The utility segment reached a three-year settlement with a total annual revenue requirement increase of $86 million, addressing regulatory lag and modernization costs [10][11] Market Data and Key Metrics Changes - The company anticipates continued pressure on natural gas prices in the first half of fiscal '25, with potential upside later in the year due to LNG project demand expected to ramp up in 2025 [19] - High storage levels and resilient production could prolong price weakness unless a colder-than-normal winter occurs [19] Company Strategy and Development Direction - National Fuel is focused on optimizing its development plan in the eastern development area (EDA) to maximize returns and capital efficiency [5] - The company has ceased further development of the Northern Access project due to increased expected costs, pivoting to the FM100 project which has proven to be more beneficial [8][9] - The integrated development program of Seneca and NFG Midstream is expected to enhance capital efficiencies and increase free cash flow [14][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting strong execution and the potential for growing consolidated earnings and cash flows [14] - The regulatory environment is expected to remain stable, with no significant changes anticipated at the state level following recent elections [38] Other Important Information - The company has a hedge portfolio that protects approximately 63% of its fiscal '25 production, providing cash flow certainty [32] - National Fuel is committed to returning cash to shareholders through dividends and a $200 million buyback program, having repurchased 1.4 million shares to date [34] Q&A Session Summary Question: Thoughts on the regulatory environment post-election - Management believes the business is designed to thrive regardless of political power, but anticipates a potentially better regulatory environment under the Trump administration [38] Question: Impact of natural gas pricing on adjusted EPS guidance - The adjusted EPS guidance was revised lower primarily due to changes in the DD&A rate resulting from impairments, but there were also some operational cost tailwinds [39] Question: Sensitivity of activity cadence to gas prices - The company retains flexibility in its plans to accelerate or decelerate production based on market signals, with a significant portion of fiscal '25 gas locked in [42][43] Question: Expectations for capital expenditures and efficiencies - The company is focused on driving efficiencies and has seen significant cost savings in operations, with a projected $20 million reduction in capital guidance for fiscal '25 [44][47]
National Fuel Gas pany(NFG) - 2024 Q4 - Annual Results
2024-11-07 13:14
Exhibit 99 https://files.reportify.cc/media/production/NFG7958d4f4c8a51e2136c1f31a8772879b.jpg 6363 Main Street/Williamsville, NY 14221 Release Date: Immediate November 6, 2024 Natalie M. Fischer Investor Relations 716-857-7315 Timothy J. Silverstein Chief Financial Officer 716-857-6987 NATIONAL FUEL REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 EARNINGS WILLIAMSVILLE, N.Y.: National Fuel Gas Company ("National Fuel" or the "Company") (NYSE:NFG) today announced consolidated results for the three months a ...
National Fuel Gas (NFG) Lags Q4 Earnings and Revenue Estimates
ZACKS· 2024-11-07 00:40
National Fuel Gas (NFG) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.23%. A quarter ago, it was expected that this energy company would post earnings of $0.92 per share when it actually produced earnings of $0.99, delivering a surprise of 7.61%.Over the last four quarters, the c ...