Key Developments: National Fuel Gas Co (NFG)
63.93USD
17 May 2013
$1.19 (+1.90%)
$62.74
$63.22
$63.93
$62.92
370,599
481,805
$63.93
$41.57
Latest Key Developments (Source: Significant Developments)
National Fuel Gas Co Raises FY 2013 EPS Guidance; Revises FY 2013 Production Guidance
National Fuel Gas Co revised its GAAP earnings guidance range for fiscal 2013 to a range of $2.95 to $3.10 per share. The previous earnings guidance had been a range of $2.75 to $3.00 per share. This revised guidance assumes flat NYMEX equivalent pricing of $4.00 per Million British Thermal Units (MMBtu) for natural gas (Henry Hub) and $85 per barrel (Bbl) for crude oil (West Texas Intermediate) for unhedged production for the remainder of the fiscal year. Production for the entire 2013 fiscal year is projected to be between 110 to 118 Bcfe. The previous guidance for projected production was between 102 and 112 Bcfe. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.95 for fiscal 2013. Full Article
National Fuel Gas Co Announces Management Changes
National Fuel Gas Co announced that Board of Directors elected Ronald J. Tanski as Chief Executive Officer. David F. Smith was elected to the position of Executive Chairman of the Board. Full Article
National Fuel Gas Co Declares Quarterly Dividend
National Fuel Gas Co announced that Board of Directors has approved payment of a regular quarterly dividend of 36.5 cents per share on the Company`s common stock. The dividend is payable April 15, 2013, to shareholders of record on March 28, 2013. Full Article
National Fuel Gas Co Raises FY 2013 Production Guidance
National Fuel Gas Co announced that the production for the entire fiscal 2013 is projected to be between 102 to 112 Bcfe. The previous guidance for projected production was between 95 and 107 Bcfe. Full Article
National Fuel Gas Co Declares Quarterly Dividend, Accelerates Payment
National Fuel Gas Co announced that it approved payment of a regular quarterly dividend of $0.365 per share on the Company`s common stock. The dividend is payable December 28, 2012, to shareholders of record at the close of business on December 17, 2012. Full Article
National Fuel Gas Co Raises FY 2013 EPS Guidance
National Fuel Gas Co announced that for fiscal 2013, it expects GAAP earnings to a range of $2.65-$2.95 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.50 for fiscal 2013. Full Article
National Fuel Gas Co Declares Quarterly Dividend
National Fuel Gas Co announced that it approved payment of a regular quarterly dividend of $0.365 per share on the Company’s common stock. The dividend is payable October 15, 2012, to shareholders of record at the close of business on September 28, 2012. Full Article
National Fuel Gas Company Raises FY 2012 EPS Guidance; Issues FY 2013 EPS Guidance
National Fuel Gas Company announced that for fiscal 2012, it revises GAAP earnings guidance range to $2.38 to $2.48 per share. For fiscal 2013, it expects preliminary GAAP earnings in the range of $2.45 to $2.75 per share. The 2013 preliminary guidance includes oil and gas production for the Exploration and Production segment in the range of 92 to 105 Bcfe and is based on an assumed flat NYMEX price of $3.25 per MMBtu for natural gas and $85 per Bbl for crude oil. Full Article
National Fuel Gas Company Increases Dividend
National Fuel Gas Company announced that the Board of Directors approved a 2.8% increase in the dividend on the Company’s common stock, raising the quarterly rate from $0.355 per share as approved in June 2011 to $0.365 per share for an annual rate of $1.46 per share. This dividend is payable July 13, 2012, to shareholders of record at the close of business on June 29, 2012. Full Article
National Fuel Gas Company Lowers FY 2012 EPS Guidance; Lowers FY 2012 Production Guidance
National Fuel Gas Company announced that for fiscal 2012, it is revising its GAAP earnings range of $2.30 to $2.45 per share. For fiscal 2012, the production is projected to be between 81 and 90 Bcfe. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.43 for fiscal 2012. Full Article
Fitch Affirms National Fuel's IDR at 'BBB+'; Outlook Remains Stable
(The following statement was released by the rating agency) NEW YORK, March 25 (Fitch) Fitch Ratings has affirmed National Fuel Gas Company's (National Fuel) Issuer Default Rating (IDR) at 'BBB+'. See the full list of rating actions at the end of this press release. The Outlook is Stable. Approximately $1.6 billion of total debt is outstanding. KEY RATINGS DRIVERS Factors that support the rating include stable earnings from regulated natural gas distribution utilities, relatively predictable
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