Integrated Upstream & Gathering was the largest of National Fuel Gas Co’s 3 reported lines in fiscal 2025, at $1.18B — 50% of $2.38B.
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Integrated Upstream & Gathering | — | $972.35M | $976.62M | $1.18B | |||||||
| Integrated Upstream & Gathering And Other Revenues | — | $972.35M | $976.62M | $1.18B | |||||||
| Exploration & Production And Other | — | — | — | — | |||||||
| Utility & Energy Marketing | — | — | — | — | |||||||
| Utility | $898.22M | $942.36M | $696.81M | — | |||||||
| Exploration & Production | — | — | — | — | |||||||
| Energy Marketing | — | — | — | — | |||||||
| Pipeline & Storage And Gathering | — | — | — | — | |||||||
| Pipeline & Storage | $392.04M | $259.65M | $271.39M | $16.00M | |||||||
| Total Reportable Segments | — | — | — | — | |||||||
| Gathering | — | — | — | — | |||||||
| All Other | — | — | — | — | |||||||
| All Other & Corporate | — | — | — | — | |||||||
| Corporate & Intersegment Eliminations | — | — | — | — | |||||||
| Total | $1.29B | $3.15B | $2.92B | $2.38B |
In fiscal 2025, which ended September 30, 2025, the 3 segments National Fuel Gas Co reported in this breakdown added up to $2.38B. The segments reported changed from fiscal 2024, so the total is not directly comparable with the $2.92B reported that year. Integrated Upstream & Gathering was the largest segment, at $1.18B or 49.7% of the total, followed by Integrated Upstream & Gathering And Other Revenues ($1.18B, 49.7%) and Pipeline & Storage ($16.00M, 0.7%). Together, the two largest segments made up 99.3% of this total.
Compared with fiscal 2024, Integrated Upstream & Gathering grew the fastest, rising 21.2% to $1.18B. Because segments were added or dropped between the two years, part of this reflects how National Fuel Gas Co regrouped its reporting.
Integrated Upstream & Gathering (fiscal 2023) and Integrated Upstream & Gathering And Other Revenues (fiscal 2023) were first reported as separate segments during this period. The table also keeps 11 segments that National Fuel Gas Co no longer reports, so earlier years can still be read on their original basis; use "Show 11 discontinued" beneath the table to see them. This breakdown covers 11 fiscal years between 2010 and 2025, as reported in National Fuel Gas Co's annual filings.
National Fuel Gas Co (NFG) breaks its revenue down by segment. In fiscal 2025, its largest segment was Integrated Upstream & Gathering, with $1.18B or 49.7% of the total, followed by Integrated Upstream & Gathering And Other Revenues at $1.18B (49.7%).
Integrated Upstream & Gathering was National Fuel Gas Co's largest segment in fiscal 2025, with $1.18B in revenue, 49.7% of the $2.38B reported across its 3 segments.
Every figure is taken from National Fuel Gas Co's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2010 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.