National Fuel Gas Closes $2.62B CenterPoint Ohio Utility Acquisition
NFG is trading near its 52-week low of $75.17 (0.9% above the low).
Summary
National Fuel Gas completed its acquisition of CenterPoint Energy's Ohio natural gas utility, a deal previously valued at $2.62B. The closing removes uncertainty around financing and integration, and the company had already raised FY26 EPS guidance to $7.40-$7.60, partly reflecting the acquisition's expected contribution. The stock trades near its 52-week low, suggesting the market may not have fully priced in the deal's benefits. Watch for updated guidance or synergy disclosures in the next earnings report.
Updates
· SEC 8-K — The purchase price was paid with $1.42 billion in cash and a $1.20 billion seller note maturing September 30, 2027, bearing 6.5% interest.
At the time of this announcement, NFG was trading at $75.86 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $75.17 to $97.06. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.