National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionCourier Capital Llc
Latest Disclosed Ownership4,688 shares
Latest Disclosed Value $ 440,525
Courier Capital Llc reports 32.15% decrease in ownership of NFG / National Fuel Gas Company

On April 23, 2026 - Courier Capital Llc filed a 13F-HR/A form disclosing ownership of 4,688 shares of National Fuel Gas Company (MX:NFG) valued at $440,525 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 6,909 shares of National Fuel Gas Company. This represents a change in shares of -32.15% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-23 2026-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 4,688 -2,221 -32.15 441 -20.43 0.0246
2026-04-20 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 4,688 -2,221 -32.15 441 -20.43 0.0246
2026-01-29 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 6,909 29 0.42 553 -12.91 0.0311
2025-10-29 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 6,880 -1,941 -22.00 635 -14.99 0.0364
2025-07-28 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 8,821 5 0.06 747 7.02 0.0454
2025-04-14 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 8,816 -119 -1.33 698 28.78 0.0457
2025-01-13 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 8,935 -43 -0.48 542 -0.37 0.0374
2024-10-22 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 8,978 -193 -2.10 544 9.68 0.0373
2024-07-23 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 9,171 7 0.08 497 0.81 0.0395
2024-04-16 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 9,164 -3,792 -29.27 492 -24.19 0.0356
2024-01-17 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 12,956 458 3.66 650 0.15 0.0493
2023-10-13 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 12,498 6 0.05 649 1.09 0.0538
2023-07-31 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 12,492 4 0.03 642 -11.10 0.0505
2023-05-18 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 12,488 -196 -1.55 721 -10.10 0.0797
2023-01-24 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 12,684 -239 -1.85 803 0.88 0.0925
2022-10-18 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 12,923 102 0.80 795 -6.14 0.0985
2022-07-20 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 12,821 -253 -1.94 847 -5.68 0.0992
2022-05-02 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 13,074 -572 -4.19 898 2.86 0.0898
2022-01-18 2021-12-31 13F NATIONAL FUEL GAS COM 636180101 13,646 -1,991 -12.73 873 6.33 0.0812
2021-10-14 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 15,637 149 0.96 821 1.48 0.0781
2021-07-12 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 15,488 2 0.01 809 4.52 0.0770
2021-04-12 2021-03-31 13F NATIONAL FUEL GAS COM 636180101 15,486 243 1.59 774 23.44 0.0782
2021-02-10 2020-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 15,243 0 0.00 627 7.73 0.0680
2020-11-09 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 15,243 -223 -1.44 582 -8.78 0.0697
2020-07-06 2020-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 15,466 0 0.00 638 1.59 0.0821
2020-04-22 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 15,466 468 3.12 628 -6.82 0.0932
2020-01-10 2019-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 14,998 -442 -2.86 674 -3.16 0.0791
2019-10-04 2019-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 15,440 -288 -1.83 696 -16.14 0.0906
2019-07-16 2019-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 15,728 -191 -1.20 830 -14.43 0.1062
2019-04-25 2019-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 15,919 -63,430 -79.94 970 -76.11 0.1261
2019-02-08 2018-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 79,349 -3,045 -3.70 4,061 -12.08 0.5949
2018-10-12 2018-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 82,394 -3,432 -4.00 4,619 1.61 0.5650
2018-07-19 2018-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 85,826 -3,214 -3.61 4,546 -0.76 0.5859
2018-04-27 2018-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 89,040 -4,705 -5.02 4,581 -11.01 0.6039
2018-01-25 2017-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 93,745 376 0.40 5,148 -2.59 0.6611
2017-11-03 2017-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 93,369 74,827 403.55 5,285 410.63 0.7390
2017-08-10 2017-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 18,542 21 0.11 1,035 -6.25 0.1773
2017-04-19 2017-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 18,521 19 0.10 1,104 5.34 0.1942
2017-01-31 2016-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 18,502 1,091 6.27 1,048 11.37 0.1998
2016-11-15 2016-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 17,411 -1,916 -9.91 941 -14.38 0.1863
2016-08-01 2016-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 19,327 771 4.15 1,099 18.30 0.2195
2016-05-16 2016-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 18,556 -40 -0.22 929 16.86 0.1935
2016-02-10 2015-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 18,596 319 1.75 795 -12.92 0.1709
2015-10-21 2015-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 18,277 1,508 8.99 913 -7.59 0.2011
2015-08-03 2015-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 16,769 -508 -2.94 988 -5.18 0.1989
2015-04-28 2015-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 17,277 16 0.09 1,042 -13.17 0.2059
2015-01-22 2014-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 17,261 265 1.56 1,200 0.84 0.2414
2014-11-04 2014-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 16,996 215 1.28 1,190 -9.44 0.2408
2014-08-06 2014-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 16,781 -11 -0.07 1,314 11.73 0.2598
2014-05-02 2014-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 16,792 -986 -5.55 1,176 -7.33 0.2424
2014-02-14 2013-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 17,778 -17,388 -49.45 1,269 -47.52 0.2704
2013-11-14 2013-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 35,166 17,499 99.05 2,418 136.13 0.5551
2013-08-01 2013-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 17,667 17,667 1,024 0.2551
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.