NATIONAL FUEL GAS CO (NFG) Form 424B5 — May 27, 2026
National Fuel Gas Company is offering a multi-tranche series of senior unsecured notes to finance the $2.62 billion acquisition of Vectren Energy Delivery of Ohio, LLC from CenterPoint Energy Resources Corp. The preliminary prospectus supplement, dated May 27, 2026, indicates that the final pricing, interest rates, and maturity dates for the notes are not yet determined, as the document is subject to completion. The acquisition is expected to close in the fourth quarter of 2026, subject to regulatory approvals. National Fuel intends to use the net proceeds from this debt offering, along with a $1.2 billion seller note facility and short-term borrowings, to fund the transaction.
Key figures
- Revenue
- 2277541000
- Net Income
- 518504000
- Total Debt
- 2382861000
- Debt Amount
- 0
- Total Assets
- 8719104000
- Cash Position
- 26596000
- Deal Value Usd
- 2620000000
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Pro Forma Equity
- 3782518000
- Seller Note Maturity
- 364 days from closing
- Termination Fee Risk
- Significant termination fee if deal fails
- Pro Forma Net Income1 Y
- 474146000
- Pro Forma Net Income6 M
- 466691000
- Pro Forma Total Assets
- 12193287000
- Credit Facility Amount
- 1300000000
- Pro Forma Long Term Debt
- 3573293000
- Private Placement Price
- 79.5
- Credit Facility Maturity
- March 27, 2031
- Private Placement Shares
- 4402513
- Seller Note Interest Rate
- 6.5
- Center Point Ohio Customers
- 335000
- Private Placement Proceeds
- 350000000
- Seller Note Facility Amount
- 1200000000
- Pro Forma Operating Income1 Y
- 853530000
- Pro Forma Operating Income6 M
- 680418000
- Center Point Ohio Pipeline Miles
- 5900
- Center Point Ohio Gas Consumption Bcf
- 60
Price after filing
Close on the filing date to close N calendar days later (from $78.30). Historical, not a forecast.
AI analysis
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