National Fuel Gas Company (NFG)
National Fuel Gas Company (NFG) is a diversified energy company engaged in natural gas exploration, production, transportation, and distribution. Operating primarily in the Northeast U.S., the company’s core businesses include utility services, pipeline and storage, and energy marketing. It owns extensive acreage in the Marcellus and Utica shale plays through its subsidiary Seneca Resources, a major driver of its upstream operations.
NFG’s integrated business model allows it to capture value across the energy chain—from wellhead to burner tip. The company benefits from steady demand for natural gas, particularly during winter months. Its pipeline and storage segment generates consistent revenue through long-term contracts, while its regulated utility business provides a reliable earnings base and stable cash flow through more than 740,000 customers.
Growth is supported by infrastructure expansion and strategic drilling in high-return zones. NFG’s long-term outlook is shaped by disciplined capital spending, natural gas price trends, and regulatory stability. Additionally, its efforts in reducing emissions and improving operational efficiency align with ESG-focused investor priorities. More
