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National Fuel Gas to spin off its upstream and gathering business into a separate public company by 2027

Company Fundamentals
14 Oct 2026
GlobeNewsWire
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Bullish
National Fuel Gas to spin off its upstream and gathering business into a separate public company by 2027

National Fuel Gas Company announced a plan to separate its Integrated Upstream and Gathering (IUG) business into an independent, publicly traded company by the second half of 2027. The spin-off will create two focused entities: National Fuel, a fully regulated natural gas utility and pipeline business, and IUG, a premier Appalachian upstream natural gas producer with integrated gathering assets. This separation aims to enhance capital allocation flexibility, sharpen growth strategies, and provide clearer investment stories for shareholders. National Fuel shareholders will receive shares in both companies through a tax-free distribution, with National Fuel expected to retain up to 19.9% ownership in IUG initially.

National Fuel Gas Company's plan to separate its Integrated Upstream and Gathering business is presented here with relevant market data. For readers following the energy sector, 53 of 79 priced US energy stocks on Pluang rose today. As of Oct 14, 2026 16:41 WIB, Liberty Energy Inc. Class A common stock was priced at USD 18.97 with a 1-day change of -0.73%.

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