National Fuel Gas
(NFG)Natural gas-primary · Appalachia · 7 hedge positions disclosed
As of 10-K FY2025 · Feb 25, 2026.
National Fuel Gas may have added, unwound, or restructured hedges since this filing · the changes won't appear here until their next quarterly disclosure. Treat all numbers below as a point-in-time snapshot.
Natural Gas positions
| Type | Period | Volume | Price level |
|---|---|---|---|
| Swap | Jan 2026 - Dec 2026 | 300,000 /d | $3.55 |
| Collar | Jan 2026 - Dec 2026 | 200,000 /d | $3.00 × $4.50 |
| Swap | Jan 2027 - Dec 2027 | 250,000 /d | $3.65 |
| Collar | Jan 2027 - Dec 2027 | 150,000 /d | $3.25 × $5.00 |
| Swap | Jan 2028 - Dec 2028 | 150,000 /d | $3.50 |
| Collar | Jan 2028 - Dec 2028 | 100,000 /d | $3.00 × $4.75 |
| Swap | Jan 2029 - Dec 2029 | 80,000 /d | $3.45 |
Sourced from National Fuel Gas's 10-K FY2025 dated Feb 25, 2026. Hedge positions disclosed in 10-K / 10-Q filings reflect the company's book as of the filing date. Material activity may have occurred since. BoxWood does not estimate post-filing changes or current mark-to-market.
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