inelegantinvest
Sep 18, 1:51 PM
$NFG is reportedly weighing a sale, merger, partial transaction or public spinoff of Seneca Resources + its gathering business.
This is not a small carveout: the business produces roughly 69% of adjusted EBITDA and could be worth about
$5B.
Meanwhile, NFG is about to close its
$2.62B acquisition of CenterPoint’s Ohio gas utility.
A Seneca separation could leave behind a much more heavily regulated utility/pipeline company.
https://www.stockspinoffs.com/2026/09/18/national-fuel-gas-seneca-spinoff-strategic-review/
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