National Fuel Gas Company to Acquire CenterPoint Energy's Ohio Utility for $2.5B
National Fuel Gas Company has announced its acquisition of CenterPoint Energy's Ohio natural gas utility for $2.5 billion, a deal expected to close in Q4 2026, which will double NFG's gas utility rate base and expand its customer base to 1.1 million. The company reported a strong fourth-quarter fiscal 2025 earnings increase of 58% year-over-year, with annual revenue at $2.28 billion, and continues to advance pipeline projects that are anticipated to generate significant revenue.
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National Fuel Gas Company (NFG) announced its acquisition of CenterPoint Energy's Ohio natural gas utility business for $2.5 billion. The deal, set to close in Q4 2026, will double NFG's gas utility rate base and expand its customer base to 1.1 million.
NFG reported fourth-quarter fiscal 2025 earnings of $1.22 per share, a 58% increase year-over-year, with annual revenue at $2.28 billion. The company has consistently raised dividends for 123 years, with a current yield of approximately 2.6%.
Additionally, NFG is advancing pipeline projects, including the Shippingport Lateral, expected to generate $15 million annually. The company's upstream business contributes 68% of earnings, positioning it well for future growth.
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