National Fuel sells landfill gas unit
Written on September 9, 2010
National Fuel Gas Co. said it has sold off its landfill gas business and has raised its anticipated earnings guidance for 2010.
The completion of the sale to Toro Energy GP II LLC, Toro Energy Holdings II LLC and an undisclosed buyer is expected by Sept 30. Terms of the deal were not disclosed.
Williamsville-based national Fuel operated the business under its subsidiary Horizon LFG Inc.
National Fuel (NYSE: NFG) said as a result it will raise its earnings per share for this year to a range of $2.65 to $2.75 from $2.60 to $2.70.
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