AI-extracted from the 10-Q filed 2026-07-30 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue from contracts with customers was $473,974 thousand as gas production fell 7.3 Bcf; earnings slipped to $138.6 million from $149.8 million on CenterPoint Ohio integration costs.
Biggest Revenue Drivers
Production of Natural Gas$235,036 thousand
Production fell 7.3 Bcf largely due to natural declines on producing wells, partially offset by recently turned-in-line wells
Natural Gas Residential Sales$121,502 thousand
Higher base delivery rates effective October 1, 2025 from year two of Distribution Corporation's three-year New York rate settlement
Biggest Revenue Drivers
Total revenue: $473,974 thousand
Production of Natural Gas$235,036 thousand
Production fell 7.3 Bcf largely due to natural declines on producing wells, partially offset by recently turned-in-line wells
Natural Gas Residential Sales$121,502 thousand
Higher base delivery rates effective October 1, 2025 from year two of Distribution Corporation's three-year New York rate settlement
Natural Gas Transportation Service$75,333 thousand
Adjustment to match electric surcharge revenues with electric power costs and rate increases on existing contracts, offset by contract revisions
Natural Gas Storage Service$14,964 thousand
Remarketed capacity available through customer contract negotiations and rate increases on existing contracts, partially offset by revisions to existing contracts
Natural Gas Commercial Sales$14,129 thousand
Largest Expense Items
Depreciation, Depletion and Amortization$121,058 thousand
Higher depletion, primarily due to a lower depletion rate in the prior year quarter following fiscal 2024-2025 ceiling test impairments
Operation and Maintenance — Integrated Upstream and Gathering and Other$63,534 thousand
Change in segment reporting combined with higher gathering operation and maintenance expenses, partially offset by lower personnel costs
Operation and Maintenance — Utility$60,592 thousand
Higher uncollectible expenses from higher operating revenue, plus higher personnel, materials and outside services costs
Purchased Gas$29,878 thousand
Purchased gas expense matches revenues collected from customers under purchased gas adjustment clauses
Margins: Operating income fell to $208,940 thousand from $230,252 thousand as operating expenses rose to $328,557 thousand; the filing attributes lower earnings to a Corporate-category loss and weaker Integrated Upstream and Gathering results.
Watch Items from the Filing
Pending $2.62 billion CenterPoint Ohio acquisition closes October 1, 2026, funded with $1.42 billion cash and a $1.2 billion seller note at 6.5%.
Gas production fell to 104,285 MMcf from 111,588 MMcf; weighted average gas price was $2.25 per Mcf versus $2.69 a year earlier.
Full cost ceiling exceeded book value by approximately $1.4 billion; a $0.25 per MMBtu lower price still leaves roughly $1.0 billion cushion.
Supply Corporation's FERC rate case seeks annual cost of service of approximately $404 million, up about $95 million, effective November 1, 2026 subject to refund.
313.8 Bcf of gas hedges outstanding with $88.7 million after-tax hedging gains in AOCI; $72.9 million reclassifies to income within 12 months.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Baumann Barbara MReporting ownerGrant or award · Oct 1, 2026
Jaggers Joseph NReporting ownerGrant or award · Oct 1, 2026
Carroll David C.Reporting ownerGrant or award · Oct 1, 2026
Finch Steven C.Reporting ownerGrant or award · Oct 1, 2026
Congress trading in NFG
8 transactions in NFG reported by 2 members of Congress under the STOCK Act, most recent trade Jul 10, 2023. Reported transactions, not recommendations.
About NATIONAL FUEL GAS CO (NFG): stock profile, AI score and financials
NATIONAL FUEL GAS CO (NFG) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores NFG at 68.6/100 on a composite quality score built from its SEC filings, placing it at rank #294 of 2,925 stocks — the top 25% of the AI-ranked universe. NFG scores in the top quartile across profitability (89.7), institutional flow (77.5), balance sheet strength (77.4). Based on the latest XBRL financial filings (Q3 2026), NATIONAL FUEL GAS CO reports quarterly revenue of $537.5M, net income of $138.6M, an operating margin of 38.9%. Top institutional holders of NFG by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. NFG trades on the NYSE exchange and files with the SEC under CIK 70145. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NFG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NATIONAL FUEL GAS CO directly from SEC EDGAR.