The Integrated Upstream and Gathering segment primarily produces natural gas, mainly from Seneca. The Pipeline and Storage segment transports and stores natural gas primarily from the Appalachian region and other supply regions in the U.S. and Canada. In 2025, the Utility segment purchased 77.4 billion cubic feet (Bcf) of gas, with 46% acquired through multi-month contracts with U.S. producers and suppliers, and 54% through spot market contracts. Major suppliers to the Utility segment in 2025 included DTE Energy Trading, Inc. (33%), Emera Energy Services, Inc. (11%), Chevron Natural Gas (10%), Shell Energy North America (7%), and NRG Business Marketing, LLC (6%). No other supplier accounted for more than 5% of the Utility segment's gas purchases. The Utility segment does not purchase gas directly from affiliates.
National Fuel Gas's Comment on Supply Chain
The Integrated Upstream and Gathering segment primarily produces natural gas, mainly from Seneca. The Pipeline and Storage segment transports and stores natural gas primarily from the Appalachian region and other supply regions in the U.S. and Canada. In 2025, the Utility segment purchased 77.4 billion cubic feet (Bcf) of gas, with 46% acquired through multi-month contracts with U.S. producers and suppliers, and 54% through spot market contracts. Major suppliers to the Utility segment in 2025 included DTE Energy Trading, Inc. (33%), Emera Energy Services, Inc. (11%), Chevron Natural Gas (10%), Shell Energy North America (7%), and NRG Business Marketing, LLC (6%). No other supplier accounted for more than 5% of the Utility segment's gas purchases. The Utility segment does not purchase gas directly from affiliates.
Sources:
National Fuel Gas Company's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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