National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionNorges Bank
Latest Disclosed Ownership1,154,321 shares
Latest Disclosed Value $ 92,414,939
Norges Bank ownership in NFG / National Fuel Gas Company

On February 10, 2026 - Norges Bank filed a 13F-HR form disclosing ownership of 1,154,321 shares of National Fuel Gas Company (MX:NFG) valued at $92,414,939 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 0 shares of National Fuel Gas Company.

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)
2026-02-10 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 1,154,321 1,154,321 92,415 0.0099
2025-11-13 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 0 -1,085,629 -100.00 0 -100.00
2025-08-13 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 1,085,629 32,108 3.05 91,964 10.23 0.0115
2026-05-11 2025-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 1,053,521 -57,109 -5.14 83,428 23.79 0.0117
2025-02-12 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 1,110,630 113,281 11.36 67,393 11.49 0.0088
2025-11-12 2024-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 997,349 35,248 3.66 60,449 15.94 0.0084
2024-08-14 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 962,101 0 0.00 52,136 0.87 0.0078
2025-05-14 2024-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 962,101 -30,597 -3.08 51,684 3.78 0.0082
2024-02-09 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 992,698 28,637 2.97 49,804 -0.48 0.0087
2024-11-13 2023-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 964,061 63,697 7.07 50,044 8.22 0.0102
2024-08-14 2023-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 900,364 -22,786 -2.47 46,243 -13.25 0.0091
2024-05-15 2023-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 923,150 75,893 8.96 53,303 -0.61 0.0117
2023-02-14 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 847,257 81,343 10.62 53,631 13.76 0.0129
2023-11-13 2022-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 765,914 -11,073 -1.43 47,142 -8.14 0.0125
2023-08-14 2022-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 776,987 -49,699 -6.01 51,320 -9.64 0.0133
2023-05-12 2022-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 826,686 7,500 0.92 56,793 8.43 0.0124
2022-03-09 2021-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 819,186 112,300 15.89 52,379 41.08 0.0108
2022-11-14 2021-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 706,886 -65,699 -8.50 37,126 -8.03 0.0082
2022-08-15 2021-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 772,585 -86,661 -10.09 40,368 -6.02 0.0088
2022-05-09 2021-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 859,246 -33,145 -3.71 42,954 17.03 0.0098
2021-03-02 2020-12-31 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 892,391 -97,969 -9.89 36,704 -8.69 0.0086
2021-11-12 2020-09-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 990,360 5,680 0.58 40,199 -2.64 0.0107
2021-08-13 2020-06-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 984,680 234,308 31.23 41,288 47.56 0.0119
2021-05-07 2020-03-31 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 750,372 -74,505 -9.03 27,981 -27.11 0.0100
2020-03-03 2019-12-31 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 824,877 0 0.00 38,390 -0.81 0.0107
2020-11-13 2019-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 824,877 0 0.00 38,703 -11.05 0.0119
2020-08-13 2019-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 824,877 0 0.00 43,512 -13.47 0.0134
2020-05-11 2019-03-31 13F/A-2 NATIONAL FUEL GAS COM 636180101 824,877 0 0.00 50,284 19.11 0.0162
2019-03-04 2018-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 824,877 0 0.00 42,217 -8.71 0.0157
2019-12-02 2018-09-30 13F/A-3 NATIONAL FUEL GAS COM 636180101 824,877 0 0.00 46,243 5.86 0.0150
2019-12-02 2018-09-30 13F/A-2 NATIONAL FUEL GAS COM 636180101 824,877 0 46,243 0.0150
2019-11-12 2018-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 824,877 0 46,243 0.0150
2019-08-12 2018-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 824,877 158,603 23.80 43,685 27.44 0.0150
2019-05-15 2018-03-31 13F/A-2 NATIONAL FUEL GAS COM 636180101 666,274 9,800 1.49 34,279 -4.90 0.0124
2018-03-05 2017-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 656,474 -35,156 -5.08 36,047 -7.93 0.0129
2018-11-13 2017-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 691,630 -33,748 -4.65 39,153 -3.34 0.0149
2018-07-24 2017-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 725,378 113,199 18.49 40,505 10.98 0.0161
2018-05-11 2017-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 612,179 8,405 1.39 36,498 6.73 0.0150
2017-03-02 2016-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 603,774 -87,070 -12.60 34,198 -4.15 0.0149
2017-11-13 2016-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 690,844 0 0.00 35,677 -9.21 0.0169
2017-08-09 2016-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 690,844 2,065 0.30 39,295 13.99 0.0187
2017-05-10 2016-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 688,779 -35,573 -4.91 34,473 11.33 0.0170
2016-04-18 2015-12-31 13F/A-2 NATIONAL FUEL GAS COM 636180101 724,352 10,908 1.53 30,966 -13.16 0.0154
2016-03-16 2015-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 724,352 0 30,966 0.0155
2016-11-14 2015-09-30 13F/A-2 NATIONAL FUEL GAS COM 636180101 713,444 55,380 8.42 35,658 -7.99 0.0187
2016-08-12 2015-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 658,064 0 0.00 38,753 -2.39 0.0194
2016-05-13 2015-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 658,064 -62,420 -8.66 39,701 -20.75 0.0195
2015-03-19 2014-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 720,484 -160,000 50,095 0.0256
2016-04-18 2014-12-31 13F/A-2 NATIONAL FUEL GAS COM 636180101 720,484 -160,000 -18.17 50,095 -18.71 0.0255
2015-11-12 2014-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 880,484 0 0.00 61,625 -10.61 0.0334
2015-08-10 2014-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 880,484 -40,406 -4.39 68,942 6.89 0.0372
2015-05-12 2014-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 920,890 -27,721 -2.92 64,499 -4.77 0.0364
2014-03-07 2013-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 948,611 -56,774 67,731 0.0414
2014-03-20 2013-12-31 13F/A-2 NATIONAL FUEL GAS COM 636180101 948,611 0 67,731 0.0398
2014-05-12 2013-12-31 13F/A-3 NATIONAL FUEL GAS COM 636180101 948,611 -56,774 -5.65 67,731 -2.03 0.0390
2014-11-14 2013-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 1,005,385 -62,459 -5.85 69,131 11.71 0.0403
2014-08-14 2013-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 1,067,844 -283,884 -21.00 61,882 -25.38 0.0384
2014-04-04 2013-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 1,351,728 -1,421,389 82,928 0.0549
2014-05-12 2013-03-31 13F/A-2 NATIONAL FUEL GAS COM 636180101 1,351,728 -1,421,389 -51.26 82,928 -44.66 0.0538
2013-11-14 2012-09-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 2,773,117 19,569 0.71 149,860 11.21 0.1010
2013-08-15 2012-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 2,753,548 2,753,548 134,759 0.1081
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.