All companies
National Fuel Gas Co. logo

What smart money is saying about National Fuel Gas Co.United States flag

NFG · Energy · Oil & Gas Integrated · Market cap $7.05B

1 fund in our archive has pitched National Fuel Gas Co., most recently Gabelli Funds in September 2025.

Company profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States. As of September 30, 2021, it had proved developed and undeveloped reserves of 21,537 thousand barrels of oil and 3,723,433 million cubic feet of natural gas. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields. This segment also transports natural gas for National Fuel Gas Distribution Corporation, as well as for other utilities, industrial companies, and power producers in New York State; and owns and operates the Empire Pipeline. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region, as well as provides gathering services to Seneca Resources Company, LLC. The Utility segment sells natural gas or provides natural gas transportation services to approximately 753,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The company markets gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York, and northwestern Pennsylvania. As of September 30, 2021, the company also owned approximately 95,000 acres of timber property; and managed approximately 2,500 additional acres of timber cutting rights. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.

Get an email when a fund buys, sells or pitches it

Summarize with Warren AI
1
Reported positions
1
Bought
0
Sold
2
Letters

Position history

Between Q3 2025 and Q1 2026, 1 fund letter reported a position in National Fuel Gas Co., with 1 buy (opened or added).

Fund letters reporting a position in National Fuel Gas Co., by quarter
QuarterLettersBoughtSoldTheses
Q1 20261100
Q3 20250001

Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.

Fund activity · 1 position · 1 move

  • “Since last fall, we have owned Oneok, a leading pipeline operator. More recently, we added natural gas producers EQT and National Fuel Gas, both of which we have owned in the past.”
    National Fuel Gas Co.

Fund coverage · 1 thesis

  • Gabelli Funds
    September 2025

    National Fuel Gas Co. is a growing gas and pipeline utility with a strong exploration and production business, benefiting from rising gas prices and data center demand while returning value to shareholders through stock buybacks and increased dividends.

    Read the full thesis

Read every full thesis on National Fuel Gas Co.

Read all 1 thesis in full, with each fund's reasoning, and get unlimited access to the archive.

View plans→
Share this ledger