National Fuel Gas Company (NYSE: NFG), founded in 1902, is an integrated energy company based in Williamsville, New York. With a robust market capitalization of approximately $4.1 billion and over 2,100 employees, National Fuel strategically operates across four business segments: exploration and production, pipeline and storage, gathering, and utility services. The company is particularly focused on the Appalachian region, where its exploration and production subsidiary, Seneca Resources Company, oversees natural gas operations on 785,000 acres of mineral rights in the Marcellus and Utica Shales.
The midstream operations are conducted through subsidiaries like the National Fuel Gas Supply Corporation and Empire Pipeline, which handle the transportation and storage of natural gas. National Fuel has invested over $1.7 billion to expand its gathering and pipeline systems since 2010, ensuring efficient delivery of low-cost natural gas to various markets across North America.
In addition to its upstream and midstream activities, National Fuel is also committed to providing safe and affordable natural gas services to around 2 million customers in New York and Pennsylvania through its utility division. Continuously investing in the modernization of its pipeline network, the utility enhances service reliability while promising access to clean-burning energy.
The core principles of National Fuel include safety, environmental stewardship, community engagement, innovation, customer satisfaction, and transparency. These guiding principles ensure the company not only meets its operational goals but also maintains a strong relationship with stakeholders and the communities it serves. With a focus on responsible energy management and emissions reduction, National Fuel is positioned as a vital player in promoting a sustainable energy future.
