National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionCardinal Capital Management
Latest Disclosed Ownership101,277 shares
Latest Disclosed Value $ 9,569,649
Cardinal Capital Management reports 0.90% increase in ownership of NFG / National Fuel Gas Company

On April 8, 2026 - Cardinal Capital Management filed a 13F-HR form disclosing ownership of 101,277 shares of National Fuel Gas Company (MX:NFG) valued at $9,569,649 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 100,376 shares of National Fuel Gas Company. This represents a change in shares of 0.90% 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)
2026-04-08 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 101,277 901 0.90 9,570 18.30 1.2338
2026-01-30 2025-12-31 13F NATIONAL FUEL GAS COMMON STOCK 636180101 100,376 601 0.60 8,089 -12.72 1.0714
2025-10-23 2025-09-30 13F NATIONAL FUEL GAS Common Stock 636180101 99,775 981 0.99 9,269 10.06 1.2812
2025-07-15 2025-06-30 13F NATIONAL FUEL GAS Common Stock 636180101 98,794 2,909 3.03 8,421 10.21 1.2359
2025-04-18 2025-03-31 13F NATIONAL FUEL GAS Common Stock 636180101 95,885 2,456 2.63 7,642 33.68 1.1835
2025-01-31 2024-12-31 13F NATIONAL FUEL GAS Common Stock 636180101 93,429 799 0.86 5,717 0.97 0.8965
2024-10-16 2024-09-30 13F NATIONAL FUEL GAS Common Stock 636180101 92,630 1,275 1.40 5,661 13.29 0.8808
2024-07-12 2024-06-30 13F NATIONAL FUEL GAS Common Stock 636180101 91,355 1,815 2.03 4,997 2.99 0.8416
2024-07-12 2024-03-31 13F/A-1 NATIONAL FUEL GAS Common Stock 636180101 89,540 14,165 18.79 4,853 27.08 0.7896
2024-04-15 2024-03-31 13F NATIONAL FUEL GAS Common Stock 636180101 89,540 14,165 4,853 0.7896
2024-07-12 2023-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 75,375 -1,169 -1.53 3,818 -4.79 0.7230
2024-01-29 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 75,375 -1,169 3,818 0.7230
2024-07-12 2023-09-30 13F/A-1 NATIONAL FUEL GAS Common Stock 636180101 76,544 3,204 4.37 4,011 5.47 0.8164
2023-10-16 2023-09-30 13F NATIONAL FUEL GAS Common Stock 636180101 76,544 3,204 4,011 0.8164
2024-07-12 2023-06-30 13F/A-1 NATIONAL FUEL GAS Common Stock 636180101 73,340 1,658 2.31 3,803 -8.87 0.7658
2023-07-12 2023-06-30 13F NATIONAL FUEL GAS Common Stock 636180101 73,340 1,658 3,803 0.7658
2023-04-19 2023-03-31 13F NATIONAL FUEL GAS Common Stock 636180101 71,682 1,378 1.96 4,173 -6.25 0.8657
2023-01-23 2022-12-31 13F National Fuel Gas COM 636180101 70,304 553 0.79 4,450 3.66 0.9473
2022-10-24 2022-09-30 13F National Fuel Gas Common Stock 636180101 69,751 1,072 1.56 4,293 -5.36 1.0160
2022-08-04 2022-06-30 13F National Fuel Gas Common Stock 636180101 68,679 1,016 1.50 4,536 -2.41 1.0379
2022-04-21 2022-03-31 13F National Fuel Gas Common Stock 636180101 67,663 3,401 5.29 4,648 13.12 0.9402
2022-01-18 2021-12-31 13F National Fuel Gas Common Stock 636180101 64,262 342 0.54 4,109 22.40 0.8137
2021-10-21 2021-09-30 13F National Fuel Gas Common Stock 636180101 63,920 -437 -0.68 3,357 -0.18 0.7269
2021-07-14 2021-06-30 13F National Fuel Gas Common Stock 636180101 64,357 2,529 4.09 3,363 8.80 0.7100
2021-04-19 2021-03-31 13F National Fuel Gas Common Stock 636180101 61,828 1,407 2.33 3,091 24.39 0.6816
2021-02-01 2020-12-31 13F National Fuel Gas Common Stock 636180101 60,421 3,102 5.41 2,485 6.79 0.5884
2020-10-16 2020-09-30 13F National Fuel Gas Common Stock 636180101 57,319 1,424 2.55 2,327 -0.68 0.6411
2020-07-16 2020-06-30 13F National Fuel Gas Common Stock 636180101 55,895 960 1.75 2,343 14.40 0.6741
2020-04-20 2020-03-31 13F National Fuel Gas Common Stock 636180101 54,935 1,396 2.61 2,048 -17.82 0.6764
2020-01-21 2019-12-31 13F National Fuel Gas Common Stock 636180101 53,539 -2,199 -3.95 2,492 -4.70 0.6471
2019-10-18 2019-09-30 13F National Fuel Gas Common Stock 636180101 55,738 808 1.47 2,615 -9.77 0.7223
2019-07-08 2019-06-30 13F National Fuel Gas Common Stock 636180101 54,930 -160 -0.29 2,898 -13.70 0.8224
2019-04-11 2019-03-31 13F National Fuel Gas Common Stock 636180101 55,090 712 1.31 3,358 20.66 0.9594
2019-01-15 2018-12-31 13F National Fuel Gas Common Stock 636180101 54,378 1,189 2.24 2,783 -6.64 0.9173
2018-10-25 2018-09-30 13F National Fuel Gas Common Stock 636180101 53,189 11 0.02 2,981 5.86 0.8435
2018-07-25 2018-06-30 13F National Fuel Gas Common Stock 636180101 53,178 805 1.54 2,816 4.53 0.8524
2018-04-24 2018-03-31 13F National Fuel Gas Common Stock 636180101 52,373 1,214 2.37 2,694 -4.09 0.8464
2018-02-01 2017-12-31 13F National Fuel Gas Common Stock 636180101 51,159 829 1.65 2,809 -1.40 0.8500
2017-10-24 2017-09-30 13F National Fuel Gas COM 636180101 50,330 -85 -0.17 2,849 1.21 0.8994
2017-07-27 2017-06-30 13F National Fuel Gas Common Stock 636180101 50,415 3,389 7.21 2,815 0.39 0.9307
2017-04-25 2017-03-31 13F National Fuel Gas Common Stock 636180101 47,026 -95 -0.20 2,804 5.06 1.0147
2017-02-17 2016-12-31 13F/A-1 National Fuel Gas Common Stock 636180101 47,121 536 1.15 2,669 5.95 1.0163
2017-01-23 2016-12-31 13F National Fuel Gas Common Stock 636180101 47,121 2,669
2016-11-02 2016-09-30 13F National Fuel Gas Common Stock 636180101 46,585 1,555 3.45 2,519 -1.64 0.9880
2016-07-27 2016-06-30 13F National Fuel Gas Common Stock 636180101 45,030 401 0.90 2,561 14.64 1.0412
2016-04-21 2016-03-31 13F National Fuel Gas Common Stock 636180101 44,629 8,423 23.26 2,234 44.32 0.9382
2016-01-29 2015-12-31 13F National Fuel Gas Common Stock 636180101 36,206 -5,226 -12.61 1,548 -25.25 0.6913
2015-10-23 2015-09-30 13F National Fuel Gas Common Stock 636180101 41,432 -1,263 -2.96 2,071 -17.62 0.9683
2015-08-03 2015-06-30 13F National Fuel Gas Common Stock 636180101 42,695 2,513 6.25 2,514 3.71 1.0980
2015-04-24 2015-03-31 13F National Fuel Gas Common Stock 636180101 40,182 40,182 2,424 1.0237
2015-01-28 2014-12-31 13F National Fuel Gas Common Stock 636180101 0 -39,887 -100.00 0 -100.00
2014-10-24 2014-09-30 13F National Fuel Gas Common Stock 636180101 39,887 753 1.92 2,792 -8.88 1.3280
2014-07-22 2014-06-30 13F National Fuel Gas Common Stock 636180101 39,134 865 2.26 3,064 14.33 1.5194
2014-04-25 2014-03-31 13F National Fuel Gas Common Stock 636180101 38,269 -1,130 -2.87 2,680 -4.73 1.3788
2014-01-24 2013-12-31 13F National Fuel Gas Common Stock 636180101 39,399 980 2.55 2,813 6.47 1.4418
2013-10-28 2013-09-30 13F National Fuel Gas Common Stock 636180101 38,419 557 1.47 2,642 20.42 1.4998
2013-07-24 2013-06-30 13F National Fuel Gas Common Stock 636180101 37,862 37,862 2,194 1.2986
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.