National Fuel Gas issues $1.5B in senior notes across three tranches

National Fuel Gas Company is issuing $500 million each of 4.75% notes due 2029, 5.05% notes due 2031, and 5.50% notes due 2036 through an underwriting syndicate led by TD Securities, Wells Fargo, BofA, and JP Morgan. The offering likely finances the company's acquisition of CenterPoint Energy's Ohio natural gas distribution business announced in October 2025.