Equities Analysts Offer Predictions for NFG Q2 Earnings

National Fuel Gas Company (NYSE:NFG) – Research analysts at KeyCorp issued their Q2 2026 earnings estimates for shares of National Fuel Gas in a note issued to investors on Monday, April 6th. KeyCorp analyst T. Rezvan forecasts that the oil and gas producer will post earnings of $2.90 per share for the quarter. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for National Fuel Gas’ current full-year earnings is $6.64 per share. KeyCorp also issued estimates for National Fuel Gas’ Q3 2026 earnings at $1.52 EPS, Q4 2026 earnings at $1.38 EPS, FY2026 earnings at $7.83 EPS, Q1 2027 earnings at $2.12 EPS, Q2 2027 earnings at $2.76 EPS, Q3 2027 earnings at $1.65 EPS, Q4 2027 earnings at $1.43 EPS and FY2027 earnings at $7.96 EPS.

A number of other brokerages have also recently weighed in on NFG. Scotiabank set a $101.00 price target on shares of National Fuel Gas in a research report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of National Fuel Gas in a research report on Monday, December 29th. Finally, Zacks Research raised shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

National Fuel Gas Trading Down 0.6%

Shares of NYSE NFG opened at $95.01 on Thursday. The company’s fifty day moving average is $90.73 and its 200-day moving average is $85.52. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.24 and a beta of 0.52. National Fuel Gas has a twelve month low of $72.47 and a twelve month high of $97.06. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.58.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, January 29th. The oil and gas producer reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.15. National Fuel Gas had a net margin of 27.65% and a return on equity of 21.45%. The firm had revenue of $651.51 million during the quarter, compared to analyst estimates of $650.70 million. During the same quarter in the previous year, the business earned $1.66 EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year.

Hedge Funds Weigh In On National Fuel Gas

A number of large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of National Fuel Gas in the 3rd quarter valued at about $29,000. Richardson Financial Services Inc. raised its stake in shares of National Fuel Gas by 88.5% in the 3rd quarter. Richardson Financial Services Inc. now owns 360 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 169 shares during the period. Fairscale Capital LLC acquired a new stake in shares of National Fuel Gas in the 4th quarter valued at about $29,000. HM Payson & Co. acquired a new stake in shares of National Fuel Gas in the 4th quarter valued at about $29,000. Finally, Hantz Financial Services Inc. raised its stake in shares of National Fuel Gas by 105.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 217 shares during the period. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 31st. National Fuel Gas’s payout ratio is currently 29.85%.

Key Stories Impacting National Fuel Gas

Here are the key news stories impacting National Fuel Gas this week:

• Positive Sentiment: KeyCorp upgraded NFG to “Strong‑Buy” and published higher EPS forecasts for FY2026 and FY2027 (Q2 FY2026 view of $2.90, FY2026 $7.83, FY2027 $7.96), which can support the stock and raise expectations ahead of the quarter. KeyCorp Upgrade
• Positive Sentiment: National Fuel scheduled its Q2 FY2026 earnings release for April 29 (after market close) with a conference call on April 30 — a near-term catalyst that will provide updated guidance and segment results for Integrated Upstream & Gathering, Pipeline & Storage, and Utility. Expect increased trading activity and information flow around the print. Earnings Release & Call
• Neutral Sentiment: Institutional positioning is mixed — Quiver/Globe data show many funds both adding and trimming NFG in recent quarters; this could amplify moves but doesn’t indicate a clear directional bias. The company also reported solid Q1 revenue growth (+~18.6% YoY) last quarter. Quiver Summary
• Negative Sentiment: Despite the upgrade and scheduled catalysts, NFG is trading lower today on lighter-than-average volume and is near its 12‑month high — a setup that can prompt profit-taking or a short-term pullback if the earnings print or macro sentiment disappoints. See recent trading metrics and technical context. Market Data

National Fuel Gas Company Profile

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.