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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$9.0B
P/E ratio
11×
Div yield
2.7%
EPS (FY25)
$5.68
Gas production
426 Bcf
Utility customers
~754k
Revenue (FY25)
$2.3B
Dividend streak
55 yrs
In plain English
National Fuel Gas is one of the last fully integrated natural-gas companies — it owns the gas in the ground (Seneca's Appalachian wells), the pipes and storage that move it (National Fuel Gas Supply & Empire Pipeline), and the last-mile utility that delivers it to ~754,000 homes and businesses around Buffalo and Erie. Roughly half its earnings come from regulated pipeline and utility rate base, the other half from Appalachian gas production — which is why it can be both a Dividend King (55+ straight annual raises) and exposed to swings in the gas price.
In simple terms
What National Fuel Gas Company really sells
National Fuel Gas is one of the last fully integrated natural-gas companies — it owns the gas in the ground (Seneca's Appalachian wells), the pipes and storage that move it (National Fuel Gas Supply & Empire Pipeline), and the last-mile utility that delivers it to ~754,000 homes and businesses around Buffalo and Erie. Roughly half its earnings come from regulated pipeline and utility rate base, the other half from Appalachian gas production — which is why it can be both a Dividend King (55+ straight annual raises) and exposed to swings in the gas price.
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