National Fuel Gas Company (NFG) Stock

National Fuel Gas Company functions as a diversified energy enterprise operating across four distinct segments. The Exploration and Production segment engages in the exploration, development, and extraction of natural gas and oil resources. This includes operations in California and the Appalachian region of the United States, where the company manages significant proven reserves of natural gas and oil. As of September 30, 2022, these reserves totaled approximately 4,170,662 MMcf of natural gas and 250 Mbbl of oil.

The Pipeline and Storage segment of National Fuel Gas oversees an integrated interstate natural gas pipeline network spanning Pennsylvania and New York. This infrastructure not only facilitates the transportation of natural gas but also includes underground storage fields crucial for ensuring supply reliability. The segment plays a pivotal role in transporting natural gas for National Fuel Gas Distribution Corporation and serves a diverse clientele, including utilities, industrial entities, and power producers throughout New York State.

In the Appalachian region, the Gathering segment of National Fuel Gas constructs, owns, and manages natural gas processing facilities and pipeline gathering systems. These assets support the efficient collection and processing of natural gas, providing essential gathering services to entities such as Seneca Resources. Meanwhile, the Utility segment focuses on retail distribution, supplying natural gas and utility services to approximately 754,000 customers across select regions in New York and Pennsylvania, including Buffalo, Niagara Falls, Jamestown, Erie, and Sharon. Founded in 1902 and headquartered in Williamsville, New York, National Fuel Gas Company stands at the forefront of the energy sector, leveraging its extensive operational expertise and strategic assets to meet diverse energy needs while maintaining a commitment to operational excellence and customer service.