NATIONAL FUEL GAS CO (NFG): Completion of Acquisition or Disposition of Assets
NATIONAL FUEL GAS CO (NFG) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 National Fuel Gas Company Completes Acquisition of CenterPoint Energy’s Ohio Natural Gas Utility Natural Gas Service Will Continue Without Interruption; No Customer Action Required WILLIAMSVILLE, N.Y., Oct. 1, 2026 -- National Fuel Gas Company (“National Fuel” or the
How this was made
The 30-second read
Why it matters
The acquisition completes a strategic move to grow the regulated utility business, likely improving revenue stability and investor sentiment.
Market read
First report of a material acquisition that doubles NFG's utility customer base, a catalyst for stock movement.
What to watch
Potential capital expenditures for system upgrades and the impact of higher natural gas prices on margins
Background
National Fuel Gas Company (NYSE:NFG) is a diversified energy firm with utility, pipeline, and upstream segments.
Ticker impact
National Fuel Gas Company completed its acquisition of CenterPoint Energy's Ohio utility, Vectren Energy Delivery of Ohio, expanding its regulated footprint and doubling its rate base.
likely upward pressure as investors price in expanded utility footprint and growth potential
Deal closes today, doubling customer base to ~1.1M and adding 335k Ohio customers, a material strategic expansion.
Market effects
strengthens the regulated utility sector by adding a sizable new footprint in Ohio
potentially positive for Midwestern utility markets and related infrastructure stocks
limited to US utility and energy investors
Counterpoint
Integration risks and regulatory hurdles could delay synergies, weighing on near-term earnings
Key entities
- CompanyNational Fuel Gas Company
Acquirer, listed on NYSE as NFG
- AssetCenterPoint Energy's Ohio utility (Vectren Energy Delivery of Ohio, LLC)
Acquired utility serving ~335,000 customers

