National Fuel Gas Company (NFG, Financial) filed Annual Report for the period ended 2012-09-30.
National Fuel Gas Company has a market cap of $4.2 billion; its shares were traded at around $51.43 with a P/E ratio of 19.6 and P/S ratio of 2.6. The dividend yield of National Fuel Gas Company stocks is 2.9%. National Fuel Gas Company had an annual average earning growth of 1.5% over the past 10 years.
Proved undeveloped (PUD) reserves Reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required to make those reserves productive.
Restructuring Generally referring to partial deregulation of the pipeline and/or utility industry by statutory or regulatory process. Restructuring of federally regulated natural gas pipelines resulted in the separation (or unbundling) of gas commodity service from transportation service for wholesale and large-volume retail markets. State restructuring programs attempt to extend the same process to retail mass markets.
Revenue decoupling mechanism A rate mechanism which adjusts customer rates to render a utility financially indifferent to throughput decreases resulting from conservation.
WNC Weather normalization clause; a clause in utility rates which adjusts customer rates to allow a utility to recover its normal operating costs calculated at normal temperatures. If temperatures during the measured period are warmer than normal, customer rates are adjusted upward in order to recover projected operating costs. If temperatures during the measured period are colder than normal, customer rates are adjusted downward so that only the projected operating costs will be recovered.
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National Fuel Gas Company has a market cap of $4.2 billion; its shares were traded at around $51.43 with a P/E ratio of 19.6 and P/S ratio of 2.6. The dividend yield of National Fuel Gas Company stocks is 2.9%. National Fuel Gas Company had an annual average earning growth of 1.5% over the past 10 years.
Highlight of Business Operations:
Table of Contents among other things, codified beginning at 15 U.S.C. Section 717. NYMEX New York Mercantile Exchange. An exchange which maintains a futures market for crude oil and natural gas. Open Season A bidding procedure used by pipelines to allocate firm transportation or storage capacity among prospective shippers, in which all bids submitted during a defined time period are evaluated as if they had been submitted simultaneously. Order No. 636 An order issued by FERC that required interstate pipelines to separate their sales and transportation services and to provide equal, open-access transportation regardless of where the gas is purchased. PCB Polychlorinated Biphenyl Precedent Agreement An agreement between a pipeline company and a potential customer to sign a service agreement after specified events (called conditions precedent) happen, usually within a specified time. Proved developed reserves Reserves that can be expected to be recovered through existing wells with existing equipment and operating methods. Proved undeveloped (PUD) reserves Reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required to make those reserves productive. PRP Potentially responsible party Reliable technology Technology that a company may use to establish reserves estimates and categories that has been proven empirically to lead to correct conclusions. Reserves The unproduced but recoverable oil and/or gas in place in a formation which has been proven by production. Restructuring Generally referring to partial deregulation of the pipeline and/or utility industry by statutory or regulatory process. Restructuring of federally regulated natural gas pipelines resulted in the separation (or unbundling) of gas commodity service from transportation service for wholesale and large-volume retail markets. State restructuring programs attempt to extend the same process to retail mass markets. Revenue decoupling mechanism A rate mechanism which adjusts customer rates to render a utility financially indifferent to throughput decreases resulting from conservation. S&P Standard & Poors Ratings Service SAR Stock appreciation right Service Agreement The binding agreement by which the pipeline company agrees to provide service and the shipper agrees to pay for the service. Spot gas purchases The purchase of natural gas on a short-term basis. Stock acquisitions Investments in corporations. Unbundled service A service that has been separated from other services, with rates charged that reflect only the cost of the separated service. VEBA Voluntary Employees Beneficiary Association WNC Weather normalization clause; a clause in utility rates which adjusts customer rates to allow a utility to recover its normal operating costs calculated at normal temperatures. If temperatures during the measured period are warmer than normal, customer rates are adjusted upward in order to recover projected operating costs. If temperatures during the measured period are colder than normal, customer rates are adjusted downward so that only the projected operating costs will be recovered.Proved undeveloped (PUD) reserves Reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required to make those reserves productive.
Restructuring Generally referring to partial deregulation of the pipeline and/or utility industry by statutory or regulatory process. Restructuring of federally regulated natural gas pipelines resulted in the separation (or unbundling) of gas commodity service from transportation service for wholesale and large-volume retail markets. State restructuring programs attempt to extend the same process to retail mass markets.
Revenue decoupling mechanism A rate mechanism which adjusts customer rates to render a utility financially indifferent to throughput decreases resulting from conservation.
WNC Weather normalization clause; a clause in utility rates which adjusts customer rates to allow a utility to recover its normal operating costs calculated at normal temperatures. If temperatures during the measured period are warmer than normal, customer rates are adjusted upward in order to recover projected operating costs. If temperatures during the measured period are colder than normal, customer rates are adjusted downward so that only the projected operating costs will be recovered.
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