Last $70.59 USD
Change Today +0.59 / 0.84%
Volume 209.5K
NFG On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

national fuel gas co (NFG) Snapshot

Open
$70.44
Previous Close
$70.00
Day High
$71.01
Day Low
$70.39
52 Week High
07/1/14 - $78.79
52 Week Low
10/15/14 - $64.31
Market Cap
5.9B
Average Volume 10 Days
454.4K
EPS TTM
$3.49
Shares Outstanding
84.2M
EX-Date
12/29/14
P/E TM
20.2x
Dividend
$1.54
Dividend Yield
2.17%
Current Stock Chart for NATIONAL FUEL GAS CO (NFG)

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national fuel gas co (NFG) Details

National Fuel Gas Company operates as a diversified energy company in the United States. Its Utility segment sells natural gas or provides natural gas transportation services to approximately 737,800 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The company’s Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States, and in Kansas. As of September 30, 2014, this segment had proved developed and undeveloped reserves of 38,477 thousand barrels of oil and 1,682,884 million cubic feet of natural gas. Its Energy Marketing segment markets natural gas to industrial, wholesale, commercial, public authority, and residential customers primarily in Western and Central New York and Northwestern Pennsylvania. The company’s Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system extending from Southwestern Pennsylvania to the New York-Canadian border, and eastward to Ellisburg and Leidy, Pennsylvania; and owns and operates 27 underground natural gas storage fields, as well as four other underground natural gas storage fields. This segment also transports natural gas for Distribution Corporation, as well as for other utilities, industrial customers, and power producers in New York State; and owns and operates the Empire Pipeline, a 249-mile integrated pipeline system. Its Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region. As of September 30, 2014, the company also owned approximately 93,000 acres of timber property and manages an additional 3,000 acres of timber cutting rights. National Fuel Gas Company was founded in 1902 and is based in Williamsville, New York.

2,010 Employees
Last Reported Date: 11/21/14
Founded in 1902

national fuel gas co (NFG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $726.1K
Principal Financial Officer and Treasurer
Total Annual Compensation: $374.6K
Senior Vice President and President of Seneca...
Total Annual Compensation: $591.3K
Senior Vice President and President of Nation...
Total Annual Compensation: $497.0K
President of National Fuel Gas Supply Corpora...
Total Annual Compensation: $462.8K
Compensation as of Fiscal Year 2013.

national fuel gas co (NFG) Key Developments

National Fuel Gas Company Enters into an Amended and Restated Credit Agreement

National Fuel Gas Company announced that on December 5, 2014, the company entered into an Amended and Restated Credit Agreement with JPMorgan Chase Bank, National Association, as administrative agent, and the following lenders: JPMorgan Chase Bank, National Association; Bank of America, N.A.; HSBC Bank USA, National Association; Wells Fargo Bank, National Association; Canadian Imperial Bank of Commerce, New York Branch; Citizens Bank, N.A.; U.S. Bank National Association; M&T Bank; PNC Bank, National Association; Branch Banking and Trust Company; First Niagara Bank; KeyBank, National Association; The Bank of New York Mellon; and Comerica Bank. The Credit Agreement provides a $750 million unsecured committed revolving credit facility through December 5, 2019. The Credit Agreement includes an option for the company to request increases in the aggregate commitments to an amount not to exceed $850 million, subject to certain terms and conditions. The company may use the proceeds of loans under the credit facility to pay its obligations under (i) its commercial paper program, (ii) other short-term credit facilities and (iii) maturing long-term debt obligations, and for general corporate purposes of the company and its subsidiaries in the ordinary course of business, including for working capital, capital expenditure and other lawful corporate purposes. The Credit Agreement amends and restates a five-year, $750 million unsecured committed revolving credit facility obtained by the company in January 2012.

National Fuel Gas Company Approves Regular Quarterly Dividend Payable on Jan. 15, 2015

National Fuel Gas Company board of directors approved payment of a regular quarterly dividend of 38.5 cents per share on the Company’s common stock. The dividend is payable Jan. 15, 2015, to shareholders of record at the close of business on Dec. 31, 2014.

National Fuel Gas Company Reports Earnings Results for the Fourth Quarter of 2014; Updates Earnings and Production Guidance for the Fiscal Year 2015

National Fuel Gas Company reported earnings and operating results for the fourth quarter and full year ended September 30, 2014. For the quarter, total operating revenues were $366.623 million against $338.863 million a year ago. Operating income was $102.004 million against $96.636 million a year ago. Income before income taxes was $84.418 million against $76.176 million a year ago. Net income available for common stock was $57.431 million or $0.68 per diluted share against $47.842 million or $0.57 per diluted share a year ago. Adjusted EBITDA was $205.909 million against $190.093 million a year ago. Operating results was $50.431 million or $0.60 per share against $52.522 million or $0.63 per share a year ago. For the year, total operating revenues were $113.081 million against $1,829.551 million a year ago. Operating income was $569.673 million against $517.838 million a year ago. Income before income taxes was $489.027 million against $432.759 million a year ago. Net income available for common stock was $299.413 million or $3.52 per diluted share against $260.001 million or $3.08 per diluted share a year ago. Net cash provided by operating activities was $909.390 million against $738.572 million a year ago. Capital Expenditures was $914.417 million against $703.461 million a year ago. Adjusted EBITDA was $953.454 million against $852.098 million a year ago. Operating results was $291.778 million or $3.43 per share against $269.876 million or $3.20 per share a year ago. For the fourth quarter, total gas production was 41,264 MMcf against 28,935 MMcf a year ago. Total oil production was 782,000 barrels against 717,000 barrels a year ago. Total production was $45,956 Mmcfe against 33,237 Mmcfe a year ago. For the year, total gas production was 142,307 MMcf against 103,693 MMcf a year ago. Total oil production was 3,036,000 barrels against 2,831,000 barrels a year ago. Total production was $160,523 Mmcfe against 120,679 Mmcfe a year ago. The company is updating its GAAP earnings guidance range for fiscal 2015 to a range of $3.05 to $3.35 per share. The previous earnings guidance had been a range of $3.30 to $3.60 per share. Substantially all of the change is attributable to a decrease in the commodity price assumptions reflected in the forecast. Turning to capital spending, the company’s overall capital budget is unchanged at $1.1 billion to $1.3 billion, but there were a few changes at the individual segment level. The company spending plans in the E&P segment are down $50 million from the previous forecast, while Midstream businesses have increased their budgets by $50 million, largely because of the timing of spending between fiscal years on some of larger expansions. The company expected revenues will fall within the range of $90 million to $110 million. Operating expenses and depreciation will increase as a result of the capital spending the company has planned in 2014 and '15, but earnings should grow meaningfully. Looking beyond fiscal '15, the company expected substantial growth in this segment as larger expansion projects come online. The company's forecast oil and gas production for fiscal 2015 is unchanged at 180 to 220 Bcfe.

 

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Industry Analysis

NFG

Industry Average

Valuation NFG Industry Range
Price/Earnings 20.0x
Price/Sales 2.8x
Price/Book 2.5x
Price/Cash Flow 8.7x
TEV/Sales 2.0x
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