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Stock impact report

National Fuel to Acquire CenterPoint’s Ohio Natural Gas Utility Business

National Fuel Gas Company (NFG) 
Last national fuel gas company earnings: 4/30 04:45 pm Check Earnings Report
Company Research Source: GlobeNewswire
WILLIAMSVILLE, N.Y., Oct. 21, 2025 (GLOBE NEWSWIRE) -- National Fuel Gas Company ("National Fuel" or the "Company") (NYSE: NFG) today announced it has entered into a definitive agreement with CenterPoint Energy Resources Corp. (“CERC”), a subsidiary of CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) to acquire CenterPoint’s Ohio natural gas utility business (“CNP Ohio”). National Fuel is acquiring the equity interests in CNP Ohio for total consideration of $2.62 billion on a cash-free, debt-free basis, subject to customary closing adjustments, representing an acquisition multiple of approximately 1.6x estimated 2026 rate base of $1.6 billion. Upon closing, National Fuel will also acquire a dedicated team of employees that operate approximately 5,900 miles of distribution and transmission pipeline and serve approximately 335,000 residential, commercial, industrial and transportation customers that consume approximately 60 Bcf of natural gas per year. Closing of the transaction Show less Read more
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