National Fuel Gas appoints DeCarolis as consultant after retirement

National Fuel Gas Company (NYSE:NFG), a $7.7 billion energy company whose stock has surged over 60% in the past year, has entered into a Consulting Services Agreement with Donna L. DeCarolis, who will retire as President of National Fuel Gas Distribution Corporation on July 1, 2025. InvestingPro analysis shows the company maintains a GOOD financial health score, with 13 key investment insights available to subscribers.

According to an SEC filing released Wednesday, DeCarolis will provide consulting services to the company for three years following her retirement, until July 1, 2028. Her responsibilities will include serving as a policy consultant and member of the New York State Climate Action (WA:ACT) Council, supporting the company on New York State energy policy matters, maintaining relationships with key energy policy contacts, and advising on internal policy positions and legislative initiatives.

For these services, DeCarolis will receive a monthly consulting fee of $15,000, totaling $540,000 over the three-year period. The company will also provide her with a personal computer, continued access to company subscriptions, and reimbursement for travel expenses related to her consulting work.

The agreement specifies that DeCarolis will work as an independent contractor without authority to contract in the company’s name. Her time commitment will be less than 20% of her previous workload as an employee.

The consulting agreement includes provisions covering confidentiality, non-competition, non-solicitation of employees, and indemnification.

As previously announced, Michael D. Colpoys will succeed DeCarolis as President of National Fuel Gas Distribution Corporation effective July 1, 2025.

In other recent news, National Fuel Gas Company reported its second-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $2.39, exceeding the forecasted $2.15. Despite revenue coming in at $729.95 million, slightly below the expected $768.23 million, the company raised its earnings guidance for the fiscal year to a range of $6.75 to $7.05 per share. Additionally, the company announced a 3.9% increase in its quarterly dividend, marking its 55th consecutive year of dividend growth. Analysts at Raymond (NSE:RYMD) James maintained a Market Perform rating on National Fuel Gas, adjusting their EPS estimate slightly downward to $6.82 due to a weaker gas strip. The company’s fiscal year 2025 production is anticipated to reach around 1.15 billion cubic feet equivalent per day, aligning with its new guidance. National Fuel Gas’s strategic hedging and operational efficiencies were highlighted as key factors in its stable performance amidst market volatility. The firm’s total capital expenditure for the fiscal year is projected to be approximately $918 million, with a utility customer margin guided at $455 million.

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