National Fuel Gas Company (NFG)

In the past six months, National Fuel Gas Co.'s stock experienced new highs after a consolidation period, supported by strong money flows and technical momentum, including a 30% stock price gain over the last year. As of March 26, 2026, the share price was $94.68, a 20.34% increase from March 27, 2025. In March 2026, short interest increased by 19.4%, totaling 4,065,308 shares. National Fuel surpassed the most recent quarter's EPS estimate, and declared a quarterly dividend of $0.535. Analysts have a "Moderate Buy" consensus rating for NFG, with an average price target of $104.00.

Demand for National Fuel Gas Co.'s products and services is highly seasonal and driven by weather patterns. The largest peak occurs during the winter months due to increased demand for space heating, and a smaller peak occurs during the summer due to increased electricity generation for air conditioning. Natural gas is placed in storage to manage these seasonal swings, with storage levels typically reaching their highest point between the end of October and mid-November and lowest at the end of winter.

National Fuel Gas Company is a diversified and integrated energy company established in 1902, based in Williamsville, New York. It operates in the Utilities sector, specifically the Natural Gas Utilities industry, managing natural gas assets across five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The company explores, develops, and produces natural gas and oil, primarily in the Appalachian region. It provides interstate natural gas transportation and storage services via a pipeline system and underground storage fields. The Utility segment distributes natural gas to residential, commercial, and industrial customers. The Gathering segment builds and operates gathering facilities in the Appalachian region, and the Energy Marketing segment markets natural gas to end-users.

National Fuel Gas Co.'s operations are concentrated in the northeastern United States. The Utility segment serves over 754,000 customers in Western New York and Northwestern Pennsylvania. The Pipeline and Storage segment operates a system of approximately 2,800 to 3,000 miles of pipeline, extending from southwestern Pennsylvania to the New York-Canada border. Exploration and Production activities are focused on the Marcellus and Utica Shales in the Appalachian region of Pennsylvania, with facilities also in Ohio.

National Fuel Gas Co.'s brand reputation has been influenced by its commitment to corporate responsibility, as detailed in its 2022 Corporate Responsibility Report. However, a significant event that could impact its reputation is the mention of "criminal charges from the Commonwealth of Pennsylvania alleging 100 violations of state environmental laws related to fracking-wastewater spills" as a key risk for the company.

National Fuel Gas Co.'s ownership is predominantly held by institutional investors, accounting for a substantial portion of the company's shares. As of April 2025, institutional investors held approximately 78.49% of NFG's shares. Key institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Philip C. Ackerman is the largest individual shareholder, owning 872,601 shares, representing 0.92% of the company.