National Fuel Gas : 2025 - Second Quarter Update

Published: 2025-04-30 17:22:57 ET NFG

Published on 04/30/2025 at 17:22, updated on 04/30/2025 at 17:21

Fiscal 2025 Q2 Update 1

April 30, 2025

Company Overview (3)

Why National Fuel? (8)

Financial Overview (13)

Business Highlights (17)

Supplemental Information

Segment Information (24)

Fiscal 2025 Q2 Update 2

Guidance & Other Financial Information (46)

Corporate HQ: Buffalo, NY

credit rating

NYSE: NFG

Market Cap: ~$7.1B

Left picture: Seneca Resources rig in Tioga County, PA.

Right picture: Buffalo Bills' New Highmark Stadium construction in Orchard Park, NY.

Note: This presentation includes forward-looking statements. Please review the safe harbor for forward looking statements at the end of this presentation. Market capitalization is presented as of April 28, 2025.

Fiscal 2025 Q2 Update

Industry Pioneer Born From Rockefeller's Standard Oil Company

Fiscal 2025 Q2 Update

Adjusted EBITDA(1)

~400 Miles of Pipe With 7 major pipelines interconnections

16%

$196MM

~1.4 Bcf/day

Total throughput(2)

Adjusted EBITDA(1)

~1.2 Bcf/day

Net total production(2)

49%

$629MM

Non-Regulated

Upstream: Exploration & Production

Midstream: Gathering

Developing our large, high-quality acreage in Marcellus & Utica shales

Partnering with producers to construct pipeline systems and deliver gas to interstate pipelines

~1.2 Million

Net acres in Appalachia

Midstream: Pipeline & Storage

Downstream: Utility

Expanding & modernizing pipeline infrastructure to provide outlets for Appalachian production

Providing safe, reliable and affordable service to customers in WNY and NW PA

~$2 Billion

Investments since 2010

Adjusted EBITDA(1)

>$1 Billion

Investments in safety since 2010

14%

$177MM

755,000

Utility customers

Adjusted EBITDA(1)

21%

$272MM

4.6 MMDth

Daily interstate pipeline capacity under contract

Regulated

Twelve months ended March 31, 2025. A reconciliation of Adjusted EBITDA to Net Income as presented on the Consolidated Statement of Income and Earnings Reinvested in the Business is included at the end of this presentation.

Average net production for the three months ended March 31, 2025.

Fiscal 2025 Q2 Update

Disclaimer

National Fuel Gas Co. published this content on April 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2025 at 21:21 UTC.