Latest news with #NationalFuel
CNBC
15-07-2025
- Business
- CNBC
GAMCO Investors CEO Mario Gabelli shares two pro stock picks he's ‘nibbling at' daily
President Donald Trump's tax-and-spending bill, signed into law earlier this month, will provide greater clarity for CEOs of public companies in the future, according to long-time value investor Mario Gabelli, CEO of GAMCO Investors. Gabelli also expects more cross-border deals as a result of the legislation. Overall, the law makes stocks look more attractive on the whole, the investor said on CNBC's " Squawk on the Street " Tuesday morning. Gabelli shared two specific names he's bullish on: Textron and National Fuel Gas . "Both of them are extraordinarily interesting. Both of them [are] stocks that I'm buying daily, nibbling at them and so on," he said. Textron, the maker of Citation business jets, Beechcraft and Cessna planes and Bell helicopters, should benefit from a dramatic rise in defense spending by members of the North Atlantic Treaty Organization. Gabelli also praised Textron CEO Scott Donnelly for doing a "terrific job" running the defense contractor. "At $85 with that kind of earnings, that is an extraordinarily cheap stock," Gabelli said, referring to where Textron shares were trading Tuesday. Rhode Island-based Textron have added more than 11% this year, outperforming the S & P 500. Gabelli also named National Fuel Gas , which has surged 48% in 2025, a top pick. The 83-year-old, Columbia Business School graduate highlighted National Fuel's current focus on Marcellus natural gas. National Fuel gets gas from the Marcellus Shale through its upstream, exploration and production subsidiary, Seneca Resources . Gabelli also praised CEO David Bauer's acquisitions of local distribution companies. On Tuesday, Bank of America took a similar bullish view on National Fuel, double upgrading shares to buy from underperform. "Since acquiring the Eastern Development Area from Shell in 2020, productivity has gotten increasingly better," wrote analyst Kalei Akamine, adding that recent data shows production tracking 16% ahead of management expectations. "We believe this enables a more capital efficient [production] program through the end of the decade." The bank's $107 price target, up from $85, implies that the stock might rise 26% from Monday close.
Time Business News
07-07-2025
- Automotive
- Time Business News
Alternative Fuel Vehicles Gain Momentum Amid Climate Push and Policy Support
The vehicles that operate on energy sources that aren't traditional diesel or gasoline, such as electricity, biofuels, hydrogen or natural gas are referred as alternative fuel vehicles. Major objects of AFVs are to lower the environmental impact by reducing the greenhouse gas emissions and its reliance on fossil fuels. Alternative fuel vehicles is experiencing rapid growth with increasing awareness of climate change and air pollution has pushed governments to implement stringent emission regulations and offer incentives such as zero emission zones, tax benefits and government subsidies. Other growth factors consist of growing fuel prices, charging and refueling infrastructure expansion and active funding by automotive manufacturers in electric and hybrid vehicle lines. Key Growth Drivers and Opportunities Infrastructure Expansion: The factors responsible for growth consist of charging infrastructure expansion for electric vehicles (EVs) and refueling stations for other alternative fuels crucial for enabling large scale adoption of alternative fuel vehicles. Given refueling points and accessible and reliable network of charging supports shifting from traditional internal combustion engine vehicles. Major investments are growing in public and fast-charging stations, hydrogen refueling infrastructure, and biofuel distribution hubs meeting the growing need. Challenges Raw materials such as lithium and cobalt are majorly disrupting the EV production and elevating the cost with global shortages and geopolitical tensions. The manufacturers and automakers are facing challenges with export restrictions on key materials such as rare earth elements and battery components with China dominating in processing these material-refining approximately around 70% of global supplies. Innovation and Expansion RFA Showcases Ethanol-Powered Hybrid at D.C. Auto Show In January 2024, the Renewable Fuels Association showcased the Plug-in Hybrid Electric Flex Fuel Vehicle (PHEFFV) at the Washington, D.C. Auto Show. RFA conducted various tests for the converted 2022 Ford Escape, including tailpipe emissions analysis, life cycle greenhouse gas assessment, cost of ownership analysis, and convenience testing. Findings indicated that, in comparison with standard gasoline-powered cars, the PHEFFV operating on high-level ethanol blends considerably reduced lifecycle greenhouse gas emissions. In terms of fuel economy and total cost of ownership the vehicle also showed competitive performance. National Fuel Launches ANG Pilot to Cut Fleet Emissions In June 2023, an alternative fuel vehicle pilot program was initiated by National Fuel Gas Distribution Corporation (National Fuel) officials. The program utilizes an Adsorbed Natural Gas (ANG) platform developed by Ingevity Corporation, known as NeuFuel. This platform has the potential to reduce greenhouse gas emissions by up to 125 percent, according to the Natural Gas Vehicles of America (NGVA), when combined with renewable natural gas (RNG). National Fuel aims to contribute for decarbonizing transportation sector and accelerate operations for broader fleet adoption. Relative to traditional compressed natural gas systems, early testing suggests gains in fuel economy and ease of refilling. Alternative Fuel Shift in Global Market The key players operating in the alternative fuel vehicles manufacturing include, Honda Motor Co., Ltd, Toyota Motor Corporation, BYD Company Ltd., VERRA, Daimler AG, and others. To meet the demands of changing consumers, the companies aim to boost the transition to low-emission mobility by expanding their electric and hybrid product portfolios. Vehicle affordability, enhancing fuel efficiency and reliable infrastructure are major aims for given key players. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
Yahoo
25-06-2025
- General
- Yahoo
Over 200 homes impacted by gas line damage in Tonawanda
BUFFALO, N.Y. (WIVB) — Over 200 homes in Tonawanda have been impacted by damage to a natural gas line on Tuesday night, according to National Fuel. Damage occurred when a private contractor struck a gas line during excavation. Some customers in Tonawanda will experience a gas outage due to the incident. National Fuel may need to access homes through the night if gas service has been interrupted. The situation is said to be safe. Homes on the following streets have been impacted: Avon Road Glenalby Road Overbrook Avenue Wynnwood Avenue Glenhurst Road Overbrook Place Anyone with concerns is asked to call (716) 686-6123. Aidan Joly joined the News 4 staff in 2022. He is a graduate of Canisius College. You can see more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-06-2025
- Business
- Yahoo
National Fuel board raises quarterly dividend 3.9% to 53.5c per share
National Fuel (NFG) Gas Company Board of Directors approved a 3.9% increase in the dividend on the Company's common stock, raising the quarterly rate from 51.5c per share as approved in June 2024 to 53.5c per share for an annual rate of $2.14 per share. This dividend is payable July 15, to stockholders of record at the close of business on June 30. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on NFG: Disclaimer & DisclosureReport an Issue National Fuel price target raised to $85 from $77 at BofA National Fuel price target raised to $93 from $80 at Argus National Fuel Gas Reports Strong Q2 Earnings Growth National Fuel Gas Reports Strong Earnings and Growth National Fuel Gas Updates Investor Presentation
Yahoo
12-06-2025
- Business
- Yahoo
National Fuel Increases Dividend Rate for 55th Consecutive Year
WILLIAMSVILLE, N.Y., June 12, 2025 (GLOBE NEWSWIRE) -- Today, the National Fuel Gas Company ("National Fuel" or the "Company") (NYSE: NFG) Board of Directors approved a 3.9% increase in the dividend on the Company's common stock, raising the quarterly rate from 51.5 cents per share as approved in June 2024 to 53.5 cents per share for an annual rate of $2.14 per share. National Fuel has paid dividends for 123 consecutive years and has increased its annual dividend for 55 straight years. This dividend is payable July 15, 2025, to stockholders of record at the close of business on June 30, 2025. The Company has approximately 90.4 million shares of common stock outstanding. It has no preferred stock outstanding. National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility. Additional information about National Fuel is available at CONTACT: Investor Contact: Natalie Fischer | 716-857-7315 Media Contact: Karen Merkel | 716-857-7654Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
