National Fuel Gas Acquires CenterPoint Energy’s Ohio Business

An update from National Fuel Gas Company ( (NFG) ) is now available.

On October 20, 2025, National Fuel Gas Company announced a definitive agreement to acquire CenterPoint Energy’s Ohio natural gas utility business for $2.62 billion. This acquisition is expected to double National Fuel’s gas utility rate base and expand its operations into Ohio, enhancing its regulated cash flows and investment grade balance sheet. The transaction, anticipated to close in the fourth quarter of 2026, will be financed through a combination of cash, a promissory note, and a bridge loan facility. The acquisition aligns with National Fuel’s strategic objective to grow its regulated operations and is expected to be accretive to earnings per share, supporting long-term dividend growth and improving the company’s credit profile.

The most recent analyst rating on (NFG) stock is a Buy with a $96.00 price target. To see the full list of analyst forecasts on National Fuel Gas Company stock, see the NFG Stock Forecast page.

Spark’s Take on NFG Stock

According to Spark, TipRanks’ AI Analyst, NFG is a Outperform.

National Fuel Gas Company scores well due to strong financial performance and a positive earnings call outlook, highlighting production growth and operational efficiency. However, technical indicators suggest a short-term bearish trend, and the stock’s valuation appears high, which tempers the overall score.

To see Spark’s full report on NFG stock, click here.

More about National Fuel Gas Company

National Fuel Gas Company is a diversified energy company headquartered in Western New York, operating across four business segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The company focuses on natural gas assets and serves customers in New York, Pennsylvania, and Ohio.

Average Trading Volume: 571,479

Technical Sentiment Signal: Buy

Current Market Cap: $7.81B

See more insights into NFG stock on TipRanks’ Stock Analysis page.