NiseriN When looking for a possible investment, I like to identify companies that have demonstrated the ability to raise their dividend over a long period of time. Ideally, the dividend growth streak will cover one or more recessionary periods as this shows that the company continued to raise its distribution even during periods of economic turmoil. Why there are many such companies in the more recession-resistant sectors, like consumer staple or health care, I am especially interested in those names that o ...

文章核心观点 - 国富天然气公司(NFG)董事会批准将季度股息率提高4% [1] - 公司连续54年提高年度股息,这是其连续122年派发股息 [1] - 公司的中游业务投资有助于提高管道运输和配送系统的现代化,预计将进一步提升管道运力和年收入 [4][5] - 公司有潜力进一步扩张和改善,表明管理层将有足够资金继续进行股东友好活动 [6] 公司概况 - 公司从事天然气和石油业务,自2015财年以来一直保持总产量稳步增长 [3] - 公司以5亿美元收购了壳牌在宾夕法尼亚州的上游和中游资产,提升了收益和产量 [3] - 公司中游业务日常管道运力合同达450万德卡热量,未来项目完成后将进一步提升 [5] 行业比较 - 公司当前股息收益率为3.6%,高于标普500指数的1.36% [2] - 同行业公司如Chesapeake Utilities、Southern Company和FirstEnergy近期也提高了季度股息 [8][9][10][11] - 公司股价在过去3个月上涨7%,优于行业5%的涨幅 [12]

WILLIAMSVILLE, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company ("National Fuel" or the "Company") (NYSE:NFG) Board of Directors approved a 4.0% increase in the dividend on the Company's common stock, raising the quarterly rate from 49.5 cents per share as approved in June 2023 to 51.5 cents per share for an annual rate of $2.06 per share. National Fuel has paid dividends for 122 consecutive years and has increased its annual dividend for 54 straight years. This dividend is payab ...

WILLIAMSVILLE, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company ("National Fuel" or the "Company") (NYSE:NFG) Board of Directors approved a 4.0% increase in the dividend on the Company's common stock, raising the quarterly rate from 49.5 cents per share as approved in June 2023 to 51.5 cents per share for an annual rate of $2.06 per share. National Fuel has paid dividends for 122 consecutive years and has increased its annual dividend for 54 straight years. This dividend is payab ...

财务数据和关键指标变化 - 第二季度调整后的营业利润为每股1.79美元,较上年同期增长16% [6] - 受益于监管业务的显著增长(每股收益增长36%)以及Seneca产量和管输业务吞吐量的双位数增长 [7] 各条业务线数据和关键指标变化 - 管道和储存业务收益增长29%,主要由于Supply Corporation费率案的结算以及短期收入的增加 [39][40] - 公用事业业务收益增长41%,主要由于宾夕法尼亚州去年8月生效的23百万美元输配电费率增加带来的收益增长 [42] - Seneca和NFG Midstream连续第三个季度创下产量和吞吐量纪录,第二季度Seneca产量为103 Bcfe,同比增长10% [27][28] - Seneca资本支出指引下调2000万美元,主要由于服务成本下降和向东部开发区转型带来的运营效率提升 [28][29] 各个市场数据和关键指标变化 - 由于自愿限产,Seneca2024财年产量指引下调5 Bcf至390-405 Bcfe [30] - 公司95%的2024财年预期产量受到固定运输和销售协议的保护,仅有约10 Bcf暴露于当地现货市场 [32] 公司战略和发展方向及行业竞争 - 公司正在向东部开发区转型,新井的生产效率是西部开发区的两倍 [16][17] - 公司一体化的上游和中游业务模式提高了资本效率,使公司在各种天然气价格环境下都能产生自由现金流 [18][19] - 公司看好天然气需求的长期增长前景,包括LNG出口项目的进展以及电力行业对天然气的需求增加 [20][33][34] - 公司的基础设施位于阿巴拉契亚盆地的核心地区,有利于利用该地区的价格波动获取收益 [40] 管理层对经营环境和未来前景的评论 - 管理层对公司的长期前景表示乐观,认为公司的集成模式、可预见的增长前景以及对股东的回报承诺构成了一个很有吸引力的价值主张 [8][25] - 管理层预计未来两年内监管业务的收益和自由现金流将显著增长,同时上游和管输业务的资本效率提升也将带来自由现金流的增加 [9][50] - 管理层对天然气价格的中长期走势持乐观态度,认为供需失衡可能导致价格波动,公司的套期保值策略有助于应对这一风险 [21][32] 问答环节重要的提问和回答 问题1 **Zach Parham 提问** 询问公司对未来季度限产的预期 [55] **Justin Loweth 回答** 公司已经提前锁定了大部分产量,未来两个季度仅有约10 Bcf暴露于当地现货市场,预计不会出现大规模限产 [57][58] 问题2 **Neil Mehta 提问** 询问公司对并购监管资产的看法 [66] **Justin Loweth 回答** 公司仍然对并购监管资产感兴趣,认为这将有利于公司 [68] 问题3 **Neil Mehta 提问** 询问未来一年内费率调整的情况 [69] **Justin Loweth 回答** 宾夕法尼亚和纽约的费率调整对公司的季度性影响不同,管道业务的影响则较为均匀 [70][71]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____ to_____ Commission File Number 1-3880 NATIONAL FUEL GAS COMPANY (Exact name of registrant as specified in its charter) New Jersey 13-1086010 (State ...

National Fuel Gas Company (NFG) reported fiscal second-quarter 2024 adjusted operating earnings of $1.79 per share, which surpassed the Zacks Consensus Estimate of $1.41 by 26.9%. The bottom line also increased 16.2% from the year-ago quarter’s reported figure of $1.54. GAAP earnings for the quarter were $1.80 per share, up 17.6% from the year-ago level of $1.53. Total Revenues NFG reported sales of $629.9 million, which missed the Zacks Consensus Estimate of $679 million by 7.2%. The top line also declined ...

Exhibit 99 6363 Main Street/Williamsville, NY 14221 Release Date: Immediate May 1, 2024 Natalie M. Fischer Timothy J. Silverstein Investor Relations Treasurer 716-857-7315 716-857-6 987 NATIONAL FUEL REPORTS SECOND QUARTER EARNINGS WILLIAMSVILLE, N.Y.: National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the second quarter of its 2024 fiscal year and for the six months ended March 31, 2024. FISCAL 2024 SECOND QUARTER SUMMARY • GAAP net income of $1 ...

WILLIAMSVILLE, N.Y., May 01, 2024 (GLOBE NEWSWIRE) -- National Fuel Gas Company ("National Fuel" or the "Company") (NYSE:NFG) today announced consolidated results for the second quarter of its 2024 fiscal year and for the six months ended March 31, 2024. FISCAL 2024 SECOND QUARTER SUMMARY GAAP net income of $166.3 million, or $1.80 per share, compared to GAAP net income of $140.9 million, or $1.53 per share, in the prior year, an increase of 18% per share. Adjusted operating results of $165.3 million, or $1 ...

Investor Presentation Q1 Fiscal 2024 Update February 7, 2024 National Fuel is committed to the safe and environmentally conscious development, transportation, storage, and distribution of natural gas resources. ...