Integrated Upstream & Gathering was National Fuel Gas’s largest segment in fiscal 2025, bringing in $1.18B of $2.38B (50%).
| 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 |
National Fuel Gas brought in $2.38B from its three segments in fiscal 2025, the year ended September 30, 2025. National Fuel Gas regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $2.92B. Integrated Upstream & Gathering was the largest at $1.18B (49.7%), ahead of Integrated Upstream & Gathering And Other Revenues at $1.18B (49.7%) and Pipeline & Storage at $16.00M (0.7%).
Compared with fiscal 2024, Integrated Upstream & Gathering grew 21.2% to $1.18B and Integrated Upstream & Gathering And Other Revenues grew 21.2% to $1.18B.
National Fuel Gas began breaking out Integrated Upstream & Gathering in fiscal 2023 and Integrated Upstream & Gathering And Other Revenues in fiscal 2023. National Fuel Gas stopped reporting Utility as a separate segment after fiscal 2024, when it brought in $696.81M.
National Fuel Gas (NFG) reports its revenue by segment. In fiscal 2025, Integrated Upstream & Gathering was its largest segment, bringing in $1.18B (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' largest segment in fiscal 2025, bringing in $1.18B, or 49.7% of the $2.38B total across its three segments.
Every figure comes from National Fuel Gas' annual financial filings, as reported. Each line keeps the name National Fuel Gas gives it, and years follow its fiscal calendar.
National Fuel Gas' revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.