NATIONAL FUEL REPORTS FOURTH QUARTER

Published November 5, 2026 at 9:23 AM EST

NATIONAL FUEL GAS CO reported quarterly results highlighted by GAAP earnings of $97.5 million, or earnings per share (EPS) of $1.02, compared to GAAP earnings of $107.3 million, or $1.18 per share, in the prior year., according to its earnings release filed with an 8-K Thursday.

Adjusted EPS of $1.22, compared to $1.22 from the prior year. See non-GAAP reconciliation on page 2. Adjusted earnings per share of $7.55, an increase of 9%, compared to $6.91 per share in fiscal 2025. Net cash provided by operating activities of $1,272 million for the twelve months ending September 30, 2026, with free cash flow of $199 million (as defined on page 27) through the same period. The Company announced its 56th consecutive dividend increase to an annual rate of $2.22 per share, continuing its long history of returning cash to shareholders.

Results detail

Further figures in the release included Adjusted Earnings $ 111,894 $ 111,028 $ 1.22 $ 1.22; Adjusted Earnings $ 689,780 $ 630,505 $ 7.55 $ 6.91; INITIATION OF FISCAL 2027 GUIDANCE; The Company is initiating adjusted earnings per share guidance for fiscal 2027 with a range of $6.00 to $6.40.

The filing is an Item 2.02 results announcement furnished with Exhibit 99.1. Comparisons use the year-earlier period as presented by NATIONAL FUEL GAS CO unless the release specifies another baseline. Where both GAAP and non-GAAP metrics appear, both are summarized when the extract includes them.

Segment mix, cash flow and any outlook language in the release are the usual secondary reads after the headline revenue and earnings figures. One-time items—restructuring, impairments, gains on sales or legal settlements—can move GAAP profit without changing the run-rate story, so reconciliations remain essential.

Why it matters

For retail investors, the NATIONAL FUEL GAS CO print is a check on whether growth, margins and cash generation are moving together. The figures above come from the company’s Exhibit 99.1 earnings materials; how they stack up against the prior-year run rate and any guide published with the release will shape the near-term debate.

By the numbers

GAAP earnings of $97.5 million, or earnings per share (EPS) of $1.02, compared to GAAP earnings of $107.3 million, or $1.18 per share, in the prior year.
Adjusted EPS of $1.22, compared to $1.22 from the prior year. See non-GAAP reconciliation on page 2.
Adjusted earnings per share of $7.55, an increase of 9%, compared to $6.91 per share in fiscal 2025.
Net cash provided by operating activities of $1,272 million for the twelve months ending September 30, 2026, with free cash flow of $199 million (as defined on page 27) through the same period.
The Company announced its 56th consecutive dividend increase to an annual rate of $2.22 per share, continuing its long history of returning cash to shareholders.
Adjusted Earnings $ 111,894 $ 111,028 $ 1.22 $ 1.22

Sources

NATIONAL FUEL GAS CO Form 8-K with quarterly financial results, filed 2026-11-05 (accession 0000070145-26-000037)

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.