Seneca Resources Partners with Evolution Well Services for Strategic Alignment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 22 2026
0mins
Seneca Resources, the exploration and production segment of National Fuel Gas Company, and Evolution Well Services announced a strategic alignment to deploy advanced electric fracturing technology across Seneca's Appalachian basin footprint. "This initiative reflects Seneca's focus on disciplined capital allocation and operational execution," said Justin Loweth, President of Seneca Resources and NFG Midstream. "By leveraging our responsibly produced and gathered field gas to power electric fracturing operations, we can reduce fuel and logistics costs, improve reliability and uptime, and lower overall cost of ownership. Our partnership with Evolution demonstrates how thoughtfully integrated technology can drive meaningful operating efficiencies, enhance capital productivity, and deliver durable returns while maintaining strong environmental performance."
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Analyst Views on NFG
Wall Street analysts forecast NFG stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 80.040
Low
95.00
Averages
98.33
High
101.00
Current: 80.040
Low
95.00
Averages
98.33
High
101.00
About NFG
National Fuel Gas Company is a diversified, integrated energy company with a complementary mix of natural gas assets. It is engaged in the production, gathering, transportation, storage and distribution of natural gas. Its segments include Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment is engaged in the exploration for, and the development and production of, primarily natural gas in the Appalachian region of the United States. The Pipeline and Storage segment provides interstate natural gas transportation services for affiliated and nonaffiliated companies through integrated natural gas pipeline systems in Pennsylvania and New York. The Gathering segment builds, owns, and operates gathering facilities in the Appalachian region. The Utility segment provides natural gas utility services to approximately 755,000 customers through a local distribution system located in western New York and northwestern Pennsylvania.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Stable Yield: The forward yield of 2.72% reflects the company's attractiveness in the current market environment, potentially drawing in more investors seeking reliable income.
- Shareholder Record Date: The dividend will be payable on July 15, with a record date of June 30 and an ex-dividend date also on June 30, ensuring shareholders receive their dividends promptly.
- Long-Term Growth Potential: With a 54-year streak of dividend growth, National Fuel Gas showcases its robust performance in the industry and future growth potential, bolstering investor confidence.
See More
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- Consistent Payout Record: With 124 consecutive years of dividend payments and 56 years of annual increases, this stable dividend policy showcases the company's strong financial health and commitment to shareholders, further solidifying its position in the energy sector.
- Shareholder Returns: The dividend will be payable on July 15, 2026, to shareholders of record as of June 30, 2026, benefiting approximately 95 million outstanding shares and enhancing trust between the company and its investors.
- Business Diversification: Headquartered in Western New York, National Fuel operates a diversified portfolio of energy assets across upstream, pipeline, and utility segments, a strategy that not only mitigates market risks but also provides a solid foundation for future growth.
See More
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- Dividend Expectations: Analysts anticipate an annual dividend of $2.17 per share, translating to a quarterly dividend of approximately $0.5425, which represents a nearly 1.4% increase from the previous payout of $0.5350, thereby boosting investor confidence.
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See More
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See More
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- Expansion Project: The company executed a new Line N system upgrade project expected to add 94,000 dekatherms of transportation capacity with a capital cost of $93 million, slated for service by late 2028, further solidifying its market position.
- Free Cash Flow: The company generated approximately $160 million in free cash flow during the second quarter, indicating robust cash generation capabilities that support future investments and shareholder returns.
- Production Outlook Adjustment: National Fuel now projects full-year production to be between 425 and 440 Bcfe, while lowering its NYMEX price assumption to $3 per MMBtu, reflecting a cautious stance amid market volatility.
See More
