National Fuel Gas Company (NFG)

Over the past six months, National Fuel announced its plan to acquire CenterPoint's Ohio natural gas utility business. The company projected a 16% increase in residential heating bills for the 2025–26 winter season. Earnings reports for the fourth quarter and full fiscal year 2025 and the first quarter fiscal 2026 were released. Regular quarterly dividends were declared, including one approved on March 12, 2026. National Fuel Gas Distribution Corporation received approval to increase its base delivery rates in New York and submitted a quarterly adjustment to gas supply charges in Pennsylvania. Centrica Energy and Seneca Resources Company signed an agreement for MiQ Methane Emissions Certificates. NFG's stock price has increased by 17.74% since April 1, 2025, and rose by 22.87% over the last 12 months.

Demand for National Fuel Gas Co.'s products and services exhibits seasonality, driven by heating needs. The company utilizes its underground natural gas storage fields to manage this seasonality, purchasing gas during warmer months and withdrawing it during the winter. The forecast for increased winter heating bills underscores the seasonal nature of demand.

National Fuel Gas Co. operates in the Utilities sector, specifically in the Natural Gas Utilities industry, and is also categorized under Oil and Gas. The company's operations are divided into five segments: Exploration and Production focuses on natural gas and oil exploration in the Appalachian region. Pipeline and Storage provides interstate natural gas transportation and storage services. Gathering builds and operates gathering facilities in the Appalachian region. Utility provides natural gas utility services to approximately 755,000 to 756,000 customers in western New York and northwestern Pennsylvania. Energy Marketing markets natural gas to end-users in New York and Pennsylvania.

NFG's operations are primarily in the United States, within the Appalachian basin, with utility services in western New York and northwestern Pennsylvania. Exploration and production activities are focused on the Marcellus and Utica Shales in Pennsylvania. The company's pipeline and storage infrastructure spans Pennsylvania and New York. National Fuel intends to acquire CenterPoint's Ohio natural gas utility business, expanding into Ohio and serving approximately 335,000 additional customers.

In September 2025, National Fuel released its 2024 Corporate Responsibility Report, detailing its policies, practices, and performance metrics in ESG areas. The report highlights the company's commitment to responsible greenhouse gas emissions reductions and enhancing the resilience of the energy supply system. No specific negative events significantly impacting the company's brand reputation in the past year were found.

Institutional investors hold a significant majority of NFG's shares, accounting for approximately 71.17% to 79%. Individual investors and company insiders hold a smaller percentage of the company's stock, ranging from 1.41% to 19%.