National Fuel Gas Company (NYSE:NFG) is one of the stocks on Jim Cramer’s radar recently. When a caller mentioned that they own shares of Devon Energy but are thinking of switching to NFG, Cramer stated:
“Well, okay, one’s very stable, National Fuel Gas and one’s a little more high risk. You have to make up your mind yourself. Do you want more risk and more reward or you want consistency? NFG has got consistency.”
National Fuel Gas Company is an energy company that focuses on natural gas exploration, production, transportation, storage, and distribution. On October 21, the company announced a definitive agreement to acquire CenterPoint Energy’s Ohio natural gas utility business for $2.62 billion, equal to about 1.6 times the estimated 2026 rate base of $1.6 billion. The deal includes 5,900 miles of pipelines and about 335,000 customers using roughly 60 Bcf of natural gas each year. The deal’s closing is expected in late 2026.
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This article is originally published at Insider Monkey.