National Fuel Gas Company (NFG)

In the past six months, National Fuel Gas Co. (NFG) stock has experienced fluctuations, trading between $77.22 and $97.06. As of early May 2026, the stock price has been falling. Key events include a 13% increase in adjusted EPS for Q2 Fiscal 2026, revised production guidance, and increased revenue guidance for the Pipeline and Storage segment. Analysts issued ratings and price targets, with BofA raising its price target to $102 and Keybanc initiating coverage with an Overweight rating and a $110 price target. The company has a 55-year record of dividend growth and is pursuing growth initiatives like pipeline expansion and an Ohio utility acquisition.

Demand for National Fuel Gas Co.'s products and services exhibits seasonality, driven by weather patterns. The largest peak occurs during the winter months due to increased demand for natural gas for space heating. A second, smaller peak occurs in the summer due to increased demand for electricity for air conditioning. Industrial use of natural gas also shows seasonal patterns, with higher demand typically observed in the winter. Natural gas is placed in storage to balance these seasonal swings.

National Fuel Gas Company (NFG) is a diversified and integrated energy company based in Williamsville, New York, with assets in the Appalachian basin. It operates in the Energy sector, specifically the Oil & Gas Integrated industry. NFG's operations are divided into five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing, along with a Timber division. The company's primary products are natural gas and oil, with the Integrated Upstream and Gathering segment being the main revenue source.

National Fuel Gas Co. primarily operates in the United States. Its Exploration and Production activities are concentrated in the Appalachian region, especially in the Marcellus and Utica Shales in Pennsylvania. The Pipeline and Storage segment serves customers in the northeastern United States and Canada. The Utility segment provides natural gas to over 756,000 retail customers in western New York and northwestern Pennsylvania.

National Fuel Gas Company emphasizes Safety, Excellence, Integrity, and Commitment. The company is committed to the safe and environmentally responsible production, transportation, and distribution of natural gas. Its utility segment has demonstrated high customer satisfaction rates, achieving 94% in New York and 93% in Pennsylvania in fiscal year 2021. National Fuel also highlights its prompt customer service, with calls answered by local employees, contributing to low customer complaint rates. No specific negative events significantly impacting National Fuel Gas Co.'s brand reputation in the past year were found.

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