The EPS miss and guidance cut are likely to weigh on NFG shares in the near term. Monitor natural gas price trends and the progress of expansion projects (Tioga Pathway, Shippingport Lateral) for potential recovery catalysts.
Price Chart
Executive Summary
National Fuel Gas reported Q2 fiscal 2026 GAAP EPS of $2.59, missing consensus of $2.84 by 8.8%, while revenue of $858.4M slightly beat expectations. The company lowered its fiscal 2026 adjusted EPS guidance to $7.45-$7.75 from $7.60-$8.10, citing lower natural gas price assumptions and production delays.
Key Financial Metrics
Key Facts
- GAAP EPS $2.59 vs consensus $2.84 (miss of -8.8%)
- Adjusted EPS $2.71 vs consensus $2.84 (miss of -4.6%)
- Revenue $858.4M vs consensus $856.6M (beat of 0.2%)
- Fiscal 2026 adjusted EPS guidance lowered to $7.45-$7.75 from $7.60-$8.10
- NYMEX natural gas price assumption reduced to $3.00/MMBtu from $3.75
- EPS miss and guidance cut driven by lower commodity prices and production headwinds
Financial Impact
EPS miss of 8.8% relative to consensus; guidance midpoint lowered by ~3.2%
Risk Factors
- Further declines in natural gas prices
- Production delays impacting cash flow
- Cost overruns on pipeline expansion projects
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3284326 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | 8-K | $81.72 $83.58 | ▲ +2.28% | ▲ +2.72% | $76.45 (−6.45%) |
Aug 11, 2026 7w ago | 424B5 | $81.72 $83.58 | ▲ +2.28% | ▲ +2.72% | $76.45 (−6.45%) |
Jul 30, 2026 9w ago | 8-K | $82.47 $80.63 | ▼ −2.23% | ▼ −5.85% | $76.45 (−7.30%) |
Jul 29, 2026 9w ago | Press Release | $82.47 $80.63 | ▼ −2.23% | ▼ −5.85% | $76.45 (−7.30%) |
Jun 26, 2026 13w ago | 8-K | $78.58 $78.23 | ▼ −0.45% | ▼ −1.83% | $76.45 (−2.71%) |
Jun 10, 2026 16w ago | 8-K | $77.13 $76.78 | ▼ −0.45% | ▼ −3.89% | $76.45 (−0.88%) |
May 27, 2026 18w ago | 8-K | $78.12 $77.31 | ▼ −1.04% | ▼ −1.35% | $76.45 (−2.14%) |
May 27, 2026 18w ago | 424B5 | $78.30 $76.44 | ▼ −2.38% | ▼ −3.58% | $76.45 (−2.36%) |
May 26, 2026 18w ago | 8-K | $79.84 $76.94 | ▼ −3.63% | ▼ −4.72% | $76.45 (−4.25%) |
Apr 30, 2026 22w ago | 8-K | $84.38 $81.51 | ▲ +3.40% | ▲ +5.13% | $76.45 (+9.40%) |
US Market Status
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