National Fuel Gas plans spin-off of integrated upstream and gathering business by H2 2027
Bitget2026/10/14 10:32- National Fuel Gas will separate its Integrated Upstream and Gathering business into a stand-alone, publicly traded company focused on Appalachian gas production.
- Completion targeted for the second half of 2027 via a pro rata distribution of at least 80.1% of IUG shares.
- National Fuel expects to retain up to 19.9% of IUG initially, then exit that stake in a tax-efficient manner.
- Post-transaction, National Fuel will operate as a fully regulated gas utility, pipeline, and storage business serving Ohio, New York, and Pennsylvania.
- IUG is expected to include about 1.2 million net acres, 1 Bcf/d of net production, and roughly 5 Tcf of proved reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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