$2.62B CenterPoint Ohio acquisition to double utility rate base; upstream earnings up $171.6M

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

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  NFG agreed to acquire CenterPoint Ohio for $2.62 billion ($1.42B cash, $1.2B promissory note), doubling its gas utility rate base and expanding into Ohio. Closing expected Q4 calendar 2026 pending regulatory approval. Company raised $338.4M equity in December 2025 as partial financing.

  MD&A: CenterPoint Ohio acquisition verify on EDGAR →
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  Integrated Upstream and Gathering segment earnings rose $171.6M to $276.1M for the six months ended March 31, 2026, driven by higher natural gas prices after hedging ($69.4M benefit), higher production ($17.2M), and absence of prior-year impairments ($103.6M after-tax in FY2025).

  MD&A: Integrated Upstream and Gathering earnings verify on EDGAR →
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  Supply Corporation filed a rate case on April 30, 2026 seeking a $95 million annual revenue increase (from ~$309M to ~$404M), with proposed effective date November 1, 2026. Reflects cost recovery for system modernization and expansion projects.

  MD&A: Supply Corporation rate case filing verify on EDGAR →