Business Summary
National Fuel Gas Company is a New Jersey-incorporated holding company (est. 1902) operating as a diversified, vertically integrated natural gas enterprise across four functions: production, gathering, transportation, storage, and local distribution. The company's operations are geographically concentrated in western New York and Pennsylvania, centered on Appalachian Basin (Marcellus and Utica shale) natural gas production and its movement to end-use markets. Revenue flows through three reportable segments — Integrated Upstream & Gathering, Pipeline & Storage, and Utility — with an integrated structure designed to share management, labor, and infrastructure across the value chain.
Products & Services
- Integrated Upstream & Gathering (Seneca Resources + Midstream Company)
- Exploration and development of natural gas reserves in Appalachian Marcellus and Utica shales
- Natural gas gathering, processing, and pipeline gathering services primarily for Seneca's production
- Proved developed and undeveloped reserves: 4,980,410 MMcfe (as of September 30, 2025) -...
AI-generated summary of Item 1 (Business) from the 10-K filed Nov 21, 2025 — View filing on SEC.gov. May contain errors — refer to the filing for authoritative information.
Across SEC filings
Institutional holders · 13F
Q2 2026| Largest holders | Reported value |
|---|---|
| BlackRock Inc | $748.6M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $620.0M |
| VANGUARD CAPITAL MANAGEMENT LLC | $330.8M |
| STATE STREET CORPORATION | $326.5M |
| Energy Income Partners LLC | $231.3M |
Annual results · 10-K
Fiscal 2025- Revenue
- $2.3B
- Net income
- $518.5M
As reported in the fiscal 2025 annual report.
Funds & ETFs · N-PORT
Securities
| CUSIP | Security | Type |
|---|---|---|
| 636180101 | NFG NATIONAL FUEL GAS CO N J | Common stock |
Insider trades · Form 4
No open-market purchases or sales by National Fuel Gas insiders in the last 12 months.
Latest filings
- Ronald J Tanski 2026-10-02 Award
- Jeffrey W Shaw 2026-10-02 Award
- David F Smith 2026-10-02 Award
- Thomas E Skains 2026-10-02 Award
- Rebecca Ranich 2026-10-02 Award
5%+ holders · 13D/G
2 filers| Filer | % of class | Filed |
|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G | 5.2% | 2026-04-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G | 8.2% | 2026-04-29 |
Latest Schedule 13D or 13G from each filer; stakes a filer has reported closed are left out.