Zacks Investment Research
National Fuel Acquires CenterPoint's Ohio Gas Utility for $2.62B
National Fuel Gas Company (NFG) completed its acquisition of CenterPoint Energy's Ohio natural gas utility business for $2.62 billion, adding approximately 335,000 customers and expanding its total customer base to 1.1 million. The deal is expected to double NFG's gas utility rate base to $3.2 billion and provide immediate accretion to regulated earnings per share, with consolidated accretion expected after fiscal 2028.
