National Fuel Gas Company Acquisition of Vectren Energy Delivery of Ohio, LLC
National Fuel Gas Company (the "Company") entered into a Securities Purchase Agreement to acquire all of the issued and outstanding equity interests of Vectren Energy Delivery of Ohio, LLC ("CenterPoint Ohio") from CenterPoint Energy Resources Corp. for an aggregate purchase price of $2,620,000,000. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including regulatory approval from the Public Utilities Commission of Ohio. This filing includes the consolidated financial statements of CenterPoint Ohio for the year ended December 31, 2025, and pro forma financial information reflecting the acquisition's impact. The financial statements of CenterPoint Ohio show total assets of $2,496 million and total liabilities and member's equity of $2,496 million as of December 31, 2025. For the year ended December 31, 2025, CenterPoint Ohio reported net income of $68 million on revenues of $268 million. The acquisition is a significant strategic move for National Fuel Gas Company, expanding its natural gas utility operations in Ohio.