National Fuel Gas evaluates split and National Fuel Gas stock trades below EUR 68.00
Published on 10/02/2026 at 18:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
National Fuel Gas stock was at EUR 67.75 at Lang & Schwarz on October 2, 2026 at 6:40 p.m. CEST, below the EUR 68.00 prior close by 0.37 percent. On September 17, 2026, National Fuel Gas said its board intended to complete an evaluation of a plan to separate the company into two publicly traded businesses by October 15, 2026.
Board sets October 15 review date
The proposal would separate Integrated Upstream and Gathering from the regulated utility, pipeline and storage operations. The company said the upstream and gathering business would become an independent Appalachian natural gas producer, while the remaining National Fuel would operate as a fully regulated platform across Pennsylvania, Ohio and New York.
The proposed structure would distribute shares of the upstream and gathering business to existing National Fuel shareholders. The announcement also described nearly USD 5.0 billion of projected rate base for the regulated company and approximately 1.2 million net acres in Appalachia for the separated business, figures stated in the September 17, 2026 release.
Quarterly figures show mixed picture
For the third quarter of fiscal 2026, National Fuel reported USD 537.50 million of revenue and USD 138.62 million of net income. MarketBeat reported that adjusted earnings per share were USD 1.54, above the USD 1.44 consensus estimate, while revenue was below the USD 564.33 million consensus.
The comparison explains the stock's divided setup: earnings exceeded expectations by USD 0.10 per share, but revenue was USD 26.83 million below consensus. National Fuel's fiscal 2026 adjusted earnings-per-share guidance stands at USD 7.40-7.60, while the company expects the separation review to reach a decision date before the next major corporate milestone.
After-hours price stays below prior close
At Lang & Schwarz, National Fuel Gas stock stood at EUR 67.75 after hours on October 2, 2026 at 6:40 p.m. CEST, minus 0.37 percent versus the EUR 68.00 prior close. The primary listing is NYSE, where the finance quote showed USD 76.51 on October 2, 2026, with a USD 75.03 to USD 97.06 52-week range and a market capitalization of USD 7.3 billion.
National Fuel Gas stock facts
- Company: National Fuel Gas Company
- ISIN: US6361801011
- Ticker: NFG
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 2, 2026, 6:40 p.m. CEST): EUR 67.75
- Change versus prior close: minus 0.37 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 68.00
- Market capitalization: USD 7.3 billion (as of October 2, 2026)
- 52-week range: USD 75.03-97.06 (as of October 2, 2026)
- Sector / Industry: Energy / Oil and Gas Integrated
