National Fuel Announces Successful $350 Million Private Placement of Common Stock

Core Viewpoint - National Fuel Gas Company has announced a private placement of common stock, expecting to raise gross proceeds of $350 million through the sale of approximately 4.4 million shares at a price of $79.50 per share, with the offering expected to close on December 17, 2025 [1][2]. Group 1 - The net proceeds from the offering will be used for general corporate purposes, including financing a portion of the acquisition of CenterPoint's Ohio regulated gas utility business, thereby satisfying the company's common equity needs and maintaining its investment grade credit rating [2]. - The common stock is being offered only to accredited investors, and a prospectus supplement will be filed with the SEC covering the resale of the shares within 15 calendar days following the closing date [3][4]. - Wells Fargo Securities and TD Securities are acting as placement agents for the offering [5]. Group 2 - National Fuel Gas Company operates an integrated collection of natural gas assets across three business segments: Integrated Upstream and Gathering, Pipeline and Storage, and Utility [6].