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National Fuel Gas Sees FY2026 Adj EPS $7.60-$8.10 vs $6.85 Est

Benzinga·11/05/2025 21:49:42
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FISCAL 2026 GUIDANCE UPDATE

National Fuel is providing its formal guidance for adjusted earnings per share for fiscal 2026 with a range of $7.60 to $8.10.

The Company is assuming an average NYMEX natural gas price of $3.75 per MMBtu in fiscal 2026, which approximates the current NYMEX forward curve at this time. Given the continued volatility in NYMEX natural gas prices, the Company is providing the following sensitivities to its adjusted earnings per share guidance range:

NYMEX Assumption

($/MMBtu)
Fiscal 2026

Adjusted Earnings

Per Share Sensitivities
$3.00 $6.55 - $7.05
$4.00 $8.00 - $8.50

All of the other major assumptions incorporated into this updated guidance range are consistent with the Company's preliminary guidance disclosed last quarter.

The acquisition of CenterPoint Energy's Ohio natural gas utility business is expected to close in the fourth quarter of calendar 2026 and, therefore, is not expected to impact fiscal 2026 guidance. Fiscal 2026 guidance also excludes expected financing and acquisition related costs.