National Fuel Gas Company announced a successful private placement of common stock, generating gross proceeds of $350 million.
Approximately 4.4 million shares of common stock were sold at a purchase price of $79.50 per share.
The Offering is expected to close on December 17, 2025.
Successful Private Placement
National Fuel raised $350 million through the private placement of common stock.
Use of Proceeds
The net proceeds will be used for general corporate purposes and to finance a portion of the acquisition of CenterPoint's Ohio regulated gas utility business.
Investor Details
The common stock was offered only to accredited investors.
- The successful private placement indicates investor confidence in National Fuel's growth prospects.
- The use of proceeds to support the acquisition aligns with the company's strategy to maintain its current investment grade credit rating.
National Fuel's private placement of common stock and the intended use of proceeds demonstrate strategic financial planning and market confidence.