National Fuel Gas Company (NFG)

NFG's stock has been influenced by strong third-quarter fiscal 2025 results, with increased GAAP and adjusted EPS. The company raised its adjusted EPS guidance for fiscal 2025 and increased its dividend rate for the 55th consecutive year. Analyst ratings varied, with Scotiabank downgrading NFG but raising its price target, and Wall Street Zen downgrading the stock to "hold". National Fuel announced its intention to acquire CenterPoint's Ohio Natural Gas Utility Business, which faces regulatory uncertainties. Ensign Peak Advisors Inc. increased its stake in NFG in the second quarter of 2025.

Demand for National Fuel Gas Co.'s products and services exhibits seasonality, with consumption increasing during colder winter months due to higher demand for heating. Demand decreases during warmer periods, although there is some demand for air conditioning in the summer. Energy companies inject natural gas into storage during warmer months to build inventory for peak winter demand.

National Fuel Gas Company (NFG) is an integrated energy company involved in natural gas production, gathering, transportation, storage, and distribution. It operates through Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing segments. NFG's sector is Utilities and Energy, focusing on oil/gas transmission and integrated oil & gas operations. Its services include natural gas and oil exploration, gathering facilities, interstate natural gas transportation, storage services, retail natural gas sales, and utility services.

National Fuel Gas Company's operations are concentrated in the Appalachian Basin, focusing on markets in the eastern United States and Canada. Its utility segment serves around 754,000 to 755,000 customers in Western New York and Northwestern Pennsylvania. The company's pipeline systems and storage facilities are in Pennsylvania and New York. While its primary exploration and production activities are in the Appalachian region, it also develops oil reserves in California. The company is headquartered in Williamsville, New York.

National Fuel Gas Company released its 2024 Corporate Responsibility Report, detailing its ESG policies, practices, and performance. The company faced investor alerts regarding investigations by Scott+Scott Attorneys at Law LLP into National Fuel Gas Company's Directors and Officers for alleged breach of fiduciary duties.

Institutional investors hold a substantial majority of National Fuel Gas Co. stock, typically ranging from 78% to 79%. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., and State Street Corp. The general public holds approximately 19% to 21% of the company's shares. Philip C. Ackerman is the largest individual shareholder, owning 0.97% of the company.