NATIONAL FUEL GAS CO
boothcheck covers NATIONAL FUEL GAS CO (NFG) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• National Fuel Gas is one of the few energy names that owns its whole chain at once: it drills the gas in Appalachia, ships it on its own interstate pipelines, and sells it to 750,000-plus regulated utility customers, so a swing in the gas price hits the production arm and the regulated arm in opposite directions and the consolidated result moves less than either piece. • The largest single risk is commodity exposure on the production side: management cut fiscal 2026 production guidance to 425
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632 institutional managers reported holding NFG in 13F filings for the quarter ended 2026-03-31. Together they hold about 79% of the company; the top 10 hold 42%. 84 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 5.1M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (7.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NFG's share count grew 4.2% over the past five years even with $134.91M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 6 years straight; the current rate is $2.10 a share annually. Cash returned over the past three years: $516.87M in dividends and $118.53M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at NFG over the trailing three years. Absence is a fact about the company, not a signal. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NFG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | +3.2% | -4.0% |
| 2023-11-18 | +4.8% | -6.7% |
| 2024-02-09 | +4.1% | +11.6% |
| 2024-05-03 | +3.8% | -1.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NFG's latest 8-K filings: 2026-08-11 (items 8.01, 9.01); 2026-07-30 (items 2.02, 9.01); 2026-07-29 (items 7.01, 9.01); 2026-06-26 (items 8.01); 2026-06-10 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.