NFGNYSENatural Gas DistributionFiscal year ends September 30
NATIONAL FUEL GAS CO
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$78.15−1.77 (-2.21%)
Close on Oct 19, 2026
- Market cap
- $7.48B
- P/E (TTM)
- 10.9
- Dividend yield
- 2.69%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
83.6%
79M of 95M shares
Institutional holders
652
92 new, 90 sold out
Net institutional buying
4M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 8,283,291 | 9.00% | 13G (passive) amendment | Dec 31, 2023 |
| Vanguard Portfolio Management | 7,834,862 | 8.24% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 4,954,347 | 5.21% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NFG | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 9,695,230 | 10.20% | $748.57M | +538,725 | 0.01% |
| Vanguard Portfolio Management LLC | 8,030,342 | 8.45% | $620.02M | +206,913 | 0.03% |
| Vanguard Capital Management LLC | 4,284,248 | 4.51% | $330.79M | +37,285 | 0.01% |
| State Street Corp | 4,198,608 | 4.42% | $326.47M | +328,036 | 0.01% |
| Energy Income Partners, LLC | 2,995,843 | 3.15% | $231.31M | +406,019 | 3.64% |
| Lsv Asset Management | 2,361,366 | 2.48% | $182.32K | +130,438 | 0.33% |
| Price T Rowe Associates Inc /Md/ | 2,359,113 | 2.48% | $182.15K | −509,593 | 0.02% |
| Gabelli Funds LLC | 2,326,363 | 2.45% | $179.62M | −5,500 | 1.15% |
| Aqr Capital Management LLC | 1,969,955 | 2.07% | $152.10M | +767,874 | 0.05% |
| Geode Capital Management, LLC | 1,964,373 | 2.07% | $151.72M | +20,836 | 0.01% |
| Yaupon Capital Management LP | 1,559,618 | 1.64% | $120.42M | +516,346 | 2.37% |
| Gamco Investors, Inc. Et Al | 1,370,347 | 1.44% | $105.80M | +1,021 | 0.95% |
| Morgan Stanley | 1,367,831 | 1.44% | $105.61M | +129,789 | 0.01% |
| Blackstone Inc. | 1,235,399 | 1.30% | $95.39M | +648,815 | 0.29% |
| Dimensional Fund Advisors LP | 1,215,038 | 1.28% | $93.82M | +37,080 | 0.02% |
| Norges Bank | 1,091,535 | 1.15% | $84.28M | New | 0.01% |
| First Trust Advisors LP | 1,067,005 | 1.12% | $82.38M | −5,482 | 0.05% |
| Equity Investment Corp | 1,012,957 | 1.07% | $78.21M | −10,571 | 1.49% |
| Charles Schwab Investment Management Inc | 986,838 | 1.04% | $76.19M | +9,497 | 0.01% |
| Invesco Ltd. | 969,887 | 1.02% | $74.88M | +83,870 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 652 | 79M | 83.6% | 92 / 261 | 179 / 90 | 10M | 7M |
| Q1 2026 | 660 | 76M | 80.0% | 103 / 245 | 203 / 55 | 21M | 8M |
| Q4 2025 | 620 | 75M | 79.0% | 91 / 214 | 217 / 74 | 10M | 4M |
| Q3 2025 | 620 | 70M | 73.2% | 87 / 233 | 190 / 44 | 6M | 6M |
| Q2 2025 | 584 | 70M | 73.8% | 79 / 208 | 205 / 60 | 6M | 5M |
| Q1 2025 | 574 | 70M | 74.1% | 133 / 174 | 174 / 47 | 7M | 6M |
| Q4 2024 | 492 | 69M | 72.9% | 67 / 177 | 152 / 49 | 5M | 6M |
| Q3 2024 | 480 | 70M | 73.7% | 64 / 162 | 161 / 32 | 11M | 5M |
| Q2 2024 | 451 | 72M | 75.8% | 65 / 158 | 140 / 31 | 5M | 8M |
| Q1 2024 | 421 | 75M | 79.1% | 56 / 148 | 149 / 59 | 7M | 5M |
| Q4 2023 | 426 | 73M | 76.4% | 53 / 141 | 158 / 54 | 8M | 3M |
| Q3 2023 | 432 | 68M | 72.0% | 53 / 167 | 144 / 35 | 6M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NFG | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 3,252,535 | 3.42% | $251.13M | 0.20% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 3,017,577 | 3.17% | $232.99M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,178,548 | 2.29% | $168.21M | 0.09% | Jun 30, 2026 |
| First Trust North American Energy Infrastructure Fund | 1,961,222 | 2.06% | $161.43M | 3.91% | Jul 31, 2026 |
| Vanguard Equity Income Fund | 1,563,042 | 1.64% | $120.68M | 0.18% | Jun 30, 2026 |
| The Gabelli Utilities Fund | 1,407,000 | 1.48% | $108.63M | 6.17% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,380,651 | 1.45% | $106.60M | 0.16% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,089,776 | 1.15% | $84.14M | 0.09% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Dividend ETF | 1,064,320 | 1.12% | $82.18M | 0.38% | Jun 30, 2026 |
| T. Rowe Price Mid-Cap Value Fund, Inc. | 1,061,981 | 1.12% | $82.00M | 0.50% | Jun 30, 2026 |
| Vanguard Strategic Equity Fund | 807,539 | 0.85% | $62.35M | 0.51% | Jun 30, 2026 |
| Vanguard Utilities Index Fund | 628,312 | 0.66% | $48.54M | 0.46% | May 31, 2026 |
| Invesco S&P MidCap Momentum ETF | 547,273 | 0.58% | $45.05M | 0.63% | Jul 31, 2026 |
| Vanguard Dividend Appreciation Index Fund | 537,705 | 0.57% | $44.26M | 0.03% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 488,566 | 0.51% | $37.74M | 0.09% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| David P. Bauer | President and CEO, Director | 93,880 | 0.10% | Sep 17, 2026 |
| Elena G. Mendel | Controller & Chf Acct Officer | 21,545 | 0.02% | Sep 17, 2026 |
| Vecchio Joseph N. Del | President, NFG Supply Corp. | 31,461 | 0.03% | Sep 17, 2026 |
| Martin A. Krebs | Chief Information Officer | 4,921 | 0.01% | Sep 17, 2026 |
| Timothy J. Silverstein | Treasurer & CFO | 13,522 | 0.01% | Sep 17, 2026 |
| Justin I. Loweth | Pres - Seneca Resources | 89,134 | 0.09% | Sep 17, 2026 |
| Michael D. Colpoys | President - NFG Dist. Corp. | 29,229 | 0.03% | Sep 17, 2026 |
| Lee E. Hartz | Secretary and General Counsel | 20,316 | 0.02% | Sep 17, 2026 |
| Ronald C. Kraemer | Chief Operating Officer | 70,617 | 0.07% | Dec 9, 2024 |
| Michael W. Reville | General Counsel and Secretary | 24,161 | 0.03% | Dec 9, 2024 |
| Donna L. DeCarolis | President - NFG Dist. Corp. | 113,538 | 0.12% | Dec 9, 2024 |
| Barbara M. Baumann | Director | 22,323 | 0.02% | Jul 2, 2026 |
| Steven C. Finch | Director | 8,104 | 0.01% | Jul 2, 2026 |
| David Hugo Anderson | Director | 5,394 | 0.01% | Jul 2, 2026 |
| Rebecca Ranich | Director | 18,025 | 0.02% | Jul 2, 2026 |
| Ronald J. Tanski | Director | 391,426 | 0.41% | Jul 2, 2026 |
| Jeffrey W. Shaw | Director | 36,898 | 0.04% | Jul 2, 2026 |
| Joseph N. Jaggers | Director | 34,514 | 0.04% | Jul 2, 2026 |
| Thomas E. Skains | Director | 12,973 | 0.01% | Jul 2, 2026 |
| David C. Carroll | Director | 30,804 | 0.03% | Jul 2, 2026 |
| David F. Smith | Director | 324,238 | 0.34% | Jul 2, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Lee E. Hartz Secretary and General Counsel | Sep 16, 2026 | Award | +232 | – | – | 17,544 |
| Lee E. Hartz Secretary and General Counsel | Sep 16, 2026 | Tax withholding | −119 | $81.52 | $9.70K | 17,424 |
| Timothy J. Silverstein Treasurer & CFO | Sep 16, 2026 | Award | +216 | – | – | 8,288 |
| Timothy J. Silverstein Treasurer & CFO | Sep 16, 2026 | Tax withholding | −111 | $81.52 | $9.05K | 8,177 |
| Martin A. Krebs Chief Information Officer | Sep 16, 2026 | Award | +478 | – | – | 4,642 |
| Martin A. Krebs Chief Information Officer | Sep 16, 2026 | Returned to company | −478 | – | – | 4,164 |
| Vecchio Joseph N. Del President, NFG Supply Corp. | Sep 16, 2026 | Tax withholding | −16 | $81.52 | $1.30K | 16,445 |
| Vecchio Joseph N. Del President, NFG Supply Corp. | Sep 16, 2026 | Returned to company | −428 | – | – | 16,017 |
| Vecchio Joseph N. Del President, NFG Supply Corp. | Sep 16, 2026 | Award | +444 | – | – | 16,461 |
| Elena G. Mendel Controller & Chf Acct Officer | Sep 16, 2026 | Award | +236 | – | – | 13,781 |
| Elena G. Mendel Controller & Chf Acct Officer | Sep 16, 2026 | Tax withholding | −121 | $81.52 | $9.86K | 13,660 |
| Justin I. Loweth Pres - Seneca Resources | Sep 16, 2026 | Tax withholding | −1,096 | $81.52 | $89.35K | 76,757 |
| Justin I. Loweth Pres - Seneca Resources | Sep 16, 2026 | Award | +2,784 | – | – | 77,853 |
| David P. Bauer President and CEO, Director | Sep 16, 2026 | Tax withholding | −181 | $81.52 | $14.76K | 76,954 |
| David P. Bauer President and CEO, Director | Sep 16, 2026 | Returned to company | −4,907 | – | – | 72,047 |
| David P. Bauer President and CEO, Director | Sep 16, 2026 | Award | +5,088 | – | – | 77,135 |
| Michael D. Colpoys President - NFG Dist. Corp. | Sep 16, 2026 | Award | +396 | – | – | 14,260 |
| Michael D. Colpoys President - NFG Dist. Corp. | Sep 16, 2026 | Tax withholding | −195 | $81.52 | $15.90K | 14,065 |
| Lee E. Hartz Secretary and General Counsel | Jul 15, 2026 | Other | +120 | $79.74 | $9.57K | 17,312 |
| Martin A. Krebs Chief Information Officer | Jul 15, 2026 | Other | +29 | $79.74 | $2.31K | 4,164 |
| Elena G. Mendel Controller & Chf Acct Officer | Jul 15, 2026 | Other | +93 | $79.74 | $7.42K | 13,545 |
| Joseph N. Jaggers Director | Jul 1, 2026 | Award | +564 | $77.63 | $43.78K | 34,514 |
| Jeffrey W. Shaw Director | Jul 1, 2026 | Award | +564 | $77.63 | $43.78K | 36,798 |
| Ronald J. Tanski Director | Jul 1, 2026 | Award | +564 | $77.63 | $43.78K | 358,097 |
| Barbara M. Baumann Director | Jul 1, 2026 | Award | +564 | $77.63 | $43.78K | 22,323 |
| Lee E. Hartz Secretary and General Counsel | Apr 15, 2026 | Other | +102 | $89.77 | $9.16K | 17,192 |
| Martin A. Krebs Chief Information Officer | Apr 15, 2026 | Other | +25 | $89.77 | $2.24K | 4,135 |
| Elena G. Mendel Controller & Chf Acct Officer | Apr 15, 2026 | Other | +80 | $89.77 | $7.18K | 13,452 |
| David C. Carroll Director | Apr 15, 2026 | Other | +182 | $89.71 | $16.33K | 30,804 |
| Rebecca Ranich Director | Apr 15, 2026 | Other | +106 | $89.71 | $9.51K | 18,025 |
| David Hugo Anderson Director | Apr 15, 2026 | Other | +2 | $89.71 | $179 | 221 |
| Ronald J. Tanski Director | Apr 1, 2026 | Award | +469 | $93.29 | $43.75K | 357,533 |
| Joseph N. Jaggers Director | Apr 1, 2026 | Award | +469 | $93.29 | $43.75K | 33,950 |
| Jeffrey W. Shaw Director | Apr 1, 2026 | Award | +469 | $93.29 | $43.75K | 36,234 |
| Barbara M. Baumann Director | Apr 1, 2026 | Award | +469 | $93.29 | $43.75K | 21,759 |
| Lee E. Hartz Secretary and General Counsel | Jan 15, 2026 | Other | +111 | $81.89 | $9.09K | 17,090 |
| Martin A. Krebs Chief Information Officer | Jan 15, 2026 | Other | +27 | $81.89 | $2.21K | 4,110 |
| Elena G. Mendel Controller & Chf Acct Officer | Jan 15, 2026 | Other | +87 | $81.89 | $7.12K | 13,372 |
| Michael D. Colpoys President - NFG Dist. Corp. | Jan 15, 2026 | Other | +17 | $81.89 | $1.39K | 13,864 |
| Rebecca Ranich Director | Jan 15, 2026 | Other | +116 | $81.83 | $9.49K | 17,919 |
| David Hugo Anderson Director | Jan 15, 2026 | Other | +1 | $81.83 | $82 | 219 |
| David C. Carroll Director | Jan 15, 2026 | Other | +198 | $81.83 | $16.20K | 30,622 |
| Ronald J. Tanski Director | Jan 2, 2026 | Award | +541 | $80.95 | $43.79K | 357,064 |
| Jeffrey W. Shaw Director | Jan 2, 2026 | Award | +541 | $80.95 | $43.79K | 35,765 |
| Barbara M. Baumann Director | Jan 2, 2026 | Award | +541 | $80.95 | $43.79K | 21,290 |
| Joseph N. Jaggers Director | Jan 2, 2026 | Award | +541 | $80.95 | $43.79K | 33,481 |
| Lee E. Hartz Secretary and General Counsel | Dec 6, 2025 | Option exercise | +412 | – | – | 17,190 |
| Lee E. Hartz Secretary and General Counsel | Dec 6, 2025 | Tax withholding | −211 | $82.28 | $17.36K | 16,979 |
| David P. Bauer President and CEO, Director | Dec 6, 2025 | Option exercise | +9,687 | – | – | 81,734 |
| David P. Bauer President and CEO, Director | Dec 6, 2025 | Tax withholding | −344 | $82.28 | $28.30K | 81,390 |
| David P. Bauer President and CEO, Director | Dec 6, 2025 | Returned to company | −9,343 | – | – | 72,047 |
| Vecchio Joseph N. Del President, NFG Supply Corp. | Dec 6, 2025 | Option exercise | +788 | – | – | 16,805 |
| Vecchio Joseph N. Del President, NFG Supply Corp. | Dec 6, 2025 | Tax withholding | −28 | $82.28 | $2.30K | 16,777 |
| Vecchio Joseph N. Del President, NFG Supply Corp. | Dec 6, 2025 | Returned to company | −760 | – | – | 16,017 |
| Elena G. Mendel Controller & Chf Acct Officer | Dec 6, 2025 | Tax withholding | −215 | $82.28 | $17.69K | 13,285 |
| Elena G. Mendel Controller & Chf Acct Officer | Dec 6, 2025 | Option exercise | +421 | – | – | 13,500 |
| Justin I. Loweth Pres - Seneca Resources | Dec 6, 2025 | Tax withholding | −1,950 | $82.28 | $160.45K | 75,069 |
| Justin I. Loweth Pres - Seneca Resources | Dec 6, 2025 | Option exercise | +4,955 | – | – | 77,019 |
| Timothy J. Silverstein Treasurer & CFO | Dec 6, 2025 | Option exercise | +1,409 | – | – | 8,791 |
| Timothy J. Silverstein Treasurer & CFO | Dec 6, 2025 | Tax withholding | −720 | $82.28 | $59.24K | 8,071 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ronald C. Kraemer Former Officer | Feb 7, 2025 | 19,700 | $1.42M | Feb 7, 2025 | Compensation and Dividend Reinvestment |
| Decarolis Donna Officer | Dec 5, 2024 | 10,000 | $625.77K | Dec 5, 2024 | Performance Stock Units |
| Justin I. Loweth Officer | Dec 2, 2024 | 19,532 | $1.25M | Dec 2, 2024 | Stock Award |
| Michael W. Reville Officer | Sep 25, 2024 | 1,700 | $103.29K | Sep 25, 2024 | Stock Award |
| Ronald C. Kraemer Officer | Aug 12, 2024 | 7,639 | $452.23K | Aug 12, 2024 | Dividend Reinvestment |
| Michael W. Reville Officer | Jun 20, 2024 | 6,357 | $345.76K | Jun 20, 2024 | Stock Award |