National Fuel Gas Company (NFG)

In September 2025, the stock reached an all-time high, the company released its 2024 Corporate Responsibility Report, and declared a quarterly dividend. In October 2025, National Fuel announced a forecast for increased residential heating bills and its intention to acquire CenterPoint Energy's Ohio natural gas utility business. In November 2025, National Fuel reported its fourth quarter and full year fiscal 2025 earnings. In December 2025, the company announced a successful private placement of common stock and declared a quarterly dividend, and National Fuel Gas Distribution Corporation received approval to increase its base delivery rates. In January 2026, NFG reported strong Q1 fiscal 2026 earnings and adjusted gas supply charges in Pennsylvania, also requesting a base delivery rate increase for Pennsylvania customers. In February 2026, Centrica Energy and Seneca Resources Company signed a long-term MiQ Methane Emissions Certificates Agreement.

Demand for National Fuel Gas Co.'s products and services exhibits seasonality, particularly for its utility and pipeline segments. Increased regional power generation demand and lower storage levels in the East Region are expected to support tighter differentials during the summer cooling season. The gathering segment typically ramps up seasonal construction of pipelines and other infrastructure during the summer months.

National Fuel Gas Company is an integrated energy company involved in natural gas and oil production, gathering, transmission, distribution, and marketing. The company operates through Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing segments.

National Fuel Gas Co. operates primarily in the United States, with upstream activities in the Appalachian Basin, pipeline operations in the northeastern United States and Canada, and utility services in western New York and northwestern Pennsylvania. Additionally, National Fuel Gas serves a customer base that extends to Ohio, Kentucky, and West Virginia.

National Fuel Gas Company is recognized for its operational excellence and community engagement. The company invests in infrastructure and explores innovative solutions for efficiency and sustainability. In September 2025, National Fuel released its 2024 Corporate Responsibility Report, and Seneca Resources achieved top emissions performance certification for its natural gas production.

National Fuel Gas Co. has significant institutional ownership, with institutions holding approximately 79% of the company. Major institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., State Street Global Advisors, Inc., GAMCO Investors, Inc., Gabelli Funds LLC, Energy Income Partners LLC, AQR Capital Management Llc, and LSV Asset Management. Individual investors hold approximately 19% ownership.