NATIONAL FUEL GAS CO NFG 64.96
Utilities · NYSE · Data as of 2026-10-30
NATIONAL FUEL GAS CO (NFG) has delivered +5.0% annualized revenue growth, n/a earnings growth, and +4.0% dividend growth over 10 years of data. Ranked #405 of 1968 stocks overall and #41 of 87 in the Utilities sector by Steady Score.
About NATIONAL FUEL GAS CO
Company Overview
National Fuel Gas Company is a diversified energy company whose operations span natural gas production, gathering, pipeline transportation, storage, and regulated utility distribution. Its businesses are concentrated in the Appalachian region, including natural gas resources in Pennsylvania and utility customers in western New York and northwestern Pennsylvania. This integrated structure links upstream development with infrastructure and end-user delivery across several distinct regulatory and commodity environments.
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Business Model & Revenue
The exploration and production business sells natural gas, making its results sensitive to production volumes, realized prices, hedging, and development costs. Gathering and interstate pipeline operations earn fees for moving and storing gas, often under contractual arrangements. The regulated utility earns approved returns by delivering gas and investing in its network, with rates set by state regulators. Capital allocation balances drilling, infrastructure expansion, safety, reliability, dividends, and debt.
Key Facts & Market Position
National Fuel's combination of regulated and market-based businesses provides diversified cash-flow sources, while Appalachian acreage offers long-term resource potential. Pipeline and gathering assets can support both company-produced and third-party volumes. Important factors include natural gas prices, regulatory decisions, project permitting, weather, drilling productivity, environmental rules, customer affordability, and the large capital needs of energy infrastructure.