Estabrook Capital Management reports 13.33% decrease in ownership of NFG / National Fuel Gas Company

National Fuel Gas Company

MX ˙ BMV ˙ US6361801011

Security	MX:NFG / National Fuel Gas Company
Institution	Estabrook Capital Management
Latest Disclosed Ownership	325 shares
Latest Disclosed Value	$ 30,537

On May 14, 2026 - Estabrook Capital Management filed a 13F-HR form disclosing ownership of 325 shares of National Fuel Gas Company (MX:NFG) valued at $30,537 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 375 shares of National Fuel Gas Company. This represents a change in shares of -13.33% 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.

Upgrade to unlock premium data and export to Excel Premium Registration Required .

Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-14	2026-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	325	-50	-13.33	31	0.00	0.0045
2026-02-13	2025-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	375	0	0.00	30	-11.76	0.0044
2025-11-10	2025-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	375	0	0.00	35	9.68	0.0050
2025-08-13	2025-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	375	-39	-9.42	32	-3.12	0.0049
2025-05-14	2025-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	414	0	0.00	33	28.00	0.0053
2025-02-13	2024-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	414	0	0.00	25	0.00	0.0039
2024-11-13	2024-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	414	0	0.00	25	13.64	0.0037
2024-08-13	2024-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	414	-75	-15.34	22	-15.38	0.0035
2024-05-14	2024-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	26	8.33	0.0041
2024-02-13	2023-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	25	-4.00	0.0040
2023-11-13	2023-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	25	0.00	0.0045
2023-08-11	2023-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	25	-10.71	0.0042
2023-05-12	2023-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	28	-6.67	0.0049
2023-02-13	2022-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	31	0.00	0.0053
2022-11-14	2022-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	30	-6.25	0.0056
2022-08-15	2022-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	32	-3.03	0.0055
2022-05-13	2022-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	0	0.00	34	6.45	0.0049
2022-02-11	2021-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	489	39	8.67	31	34.78	0.0044
2021-11-15	2021-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	450	-100	-18.18	24	-17.86	0.0037
2021-08-13	2021-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	550	0	0.00	29	3.70	0.0044
2021-05-14	2021-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	550	0	0.00	27	22.73	0.0042
2021-02-12	2020-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	550	-300	-35.29	23	-35.29	0.0037
2020-11-13	2020-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	850	0	0.00	35	-2.86	0.0063
2020-08-13	2020-06-30	13F/A-1	NATIONAL FUEL GAS CO N J	COMMON	636180101	850	-100	-10.53	36	0.00	0.0068
2020-08-13	2020-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	950			35
2020-05-14	2020-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	950	0	0.00	35	-20.45	0.0075
2020-02-13	2019-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	950	-25	-2.56	44	-2.22	0.0066
2019-11-13	2019-09-30	13F	NATIONAL FUEL GAS CO N J	MUTUAL	636180101	975	0	0.00	46	-11.76	0.0076
2019-08-13	2019-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	975	0	0.00	51	-13.56	0.0084
2019-05-13	2019-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	975	-75	-7.14	59	11.32	0.0099
2019-02-14	2018-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	1,050	0	0.00	54	-8.62	0.0100
2018-11-13	2018-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	1,050	-50	-4.55	59	0.00	0.0089
2018-08-14	2018-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	1,100	-600	-35.29	58	-33.33	0.0092
2018-05-14	2018-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	1,700	-100	-5.56	87	-11.22	0.0137
2018-02-12	2017-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	1,800	0	0.00	99	-2.97	0.0149
2017-11-09	2017-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	1,800	-1,250	-40.98	102	-40.59	0.0158
2017-08-10	2017-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,050	0	0.00	170	-6.08	0.0271
2017-05-12	2017-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,050	-250	-7.58	182	-2.69	0.0284
2017-02-14	2016-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,300	0	0.00	187	4.49	0.0293
2016-11-14	2016-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,300	0	0.00	178	-4.81	0.0262
2016-08-12	2016-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,300	0	0.00	188	13.33	0.0281
2016-05-11	2016-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,300	-100	-2.94	165	13.79	0.0245
2016-02-08	2015-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,400	-50	-1.45	145	-15.70	0.0210
2015-11-12	2015-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	3,450	-600	-14.81	172	-27.73	0.0249
2015-08-11	2015-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	4,050	-650	-13.83	239	-15.90	0.0295
2015-05-14	2015-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	4,700	-460	-8.91	284	-20.95	0.0331
2015-02-11	2014-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	5,160	-50	-0.96	359	-1.65	0.0396
2014-11-13	2014-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	5,210	-180	-3.34	365	-13.74	0.0390
2014-08-11	2014-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	5,390	-11,135	-67.38	422	-63.53	0.0433
2014-05-13	2014-03-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	16,525	-640	-3.73	1,157	-5.55	0.1178
2014-02-13	2013-12-31	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	17,165	-3,464	-16.79	1,226	-13.61	0.1260
2013-11-14	2013-09-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	20,629	-3,330	-13.90	1,418	2.16	0.1548
2013-08-15	2013-06-30	13F	NATIONAL FUEL GAS CO N J	COMMON	636180101	23,959	23,959		1,388		0.1470

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.