BUZZ-National Fuel Gas shares rise after announcing upstream business spin-off plan

October 14 - ** Shares of natural gas utility and pipeline company National Fuel Gas (NFG.N) rose 1.1% in premarket trading to $81.99

** The company announced plans to spin off (link) its integrated upstream and gathering (IUG) business as a separate publicly traded company

** NFG shareholders will own shares of both companies

** The transaction is expected to be completed in the second half of 2027 through a tax-free distribution of at least 80.1% of IUG shares to NFG shareholders

** NFG plans to retain up to 19.9% equity in IUG after the spin-off

** As of the previous close, NFG shares have risen 1.29% year-to-date

(To facilitate non-English speakers, Reuters has automatically translated its reports into several other languages. Due to the potential for errors or missing context in automated translations, Reuters does not guarantee the accuracy of the translated text, which is provided solely for the convenience of readers. Reuters accepts no liability for any damages or losses resulting from the use of automated translation features.)