National Fuel Gas to acquire CenterPoint's Ohio utility for $2.62B; Q4 2026 close expected

Filed May 26, 2026 · Period ending May 26, 2026 · ~2 min read

Key Changes

• high

  NFG agreed to acquire CenterPoint Ohio, a gas utility serving 337,000 customers near Dayton, for $2.62 billion ($1.42B cash plus $1.2B seller note). Transaction requires PUCO approval and antitrust clearance; expected to close Q4 2026.

  Item 8.01 verify on EDGAR →
• high

  NFG plans to finance the deal with $1.5B senior notes (5.04% avg rate), ~$283M commercial paper (4.50%), and the $1.2B seller note (6.50%, 364-day term). Company completed $350M equity raise in Dec 2025 at $79.50/share (4.6% dilution).

  Exhibit 99.3 verify on EDGAR →
• medium

  PUCO staff filed comments May 4, 2026 recommending conditions on the transaction; regulatory case remains pending. Transaction cannot close before Oct 1, 2026 without seller consent.

  Exhibit 99.2 verify on EDGAR →