National Fuel Gas Company
US ˙ NYSE ˙ US6361801011

SecurityNFG / National Fuel Gas Company
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Macquarie Group Ltd closes position in NFG / National Fuel Gas Company

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of National Fuel Gas Company (US:NFG) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 32,200 shares of National Fuel Gas Company. The current value of the position is $0 USD.

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)
2026-02-13 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 0 -100.00 0
2025-11-13 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 32,200 0 0.00 2,974 9.02 0.0015
2025-08-14 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 32,200 -11,900 -26.98 2,728 -21.88 0.0033
2025-08-14 2025-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 3,492 30.49 0.0043
2025-05-15 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 44,100 0 3,492 0.0029
2025-02-14 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,676 0.11 0.0032
2024-11-14 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,673 11.84 0.0029
2024-08-09 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,390 0.89 0.0027
2024-05-14 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,369 7.10 0.0027
2024-02-14 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,212 -3.36 0.0026
2023-11-14 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,289 1.06 0.0029
2023-10-27 2023-06-30 13F/A-2 NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,265 -11.04 0.0026
2023-10-12 2023-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 44,100 0 2,265 0.0023
2023-08-14 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 44,100 0 2,265 0.0023
2023-06-01 2023-03-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 44,100 0 0.00 2,546 -8.81 0.0030
2023-05-15 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 44,100 0 2,546 0.0023
2023-02-21 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 44,100 -1,069 -2.37 2,792 -0.71 0.0033
2022-11-14 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 45,169 -516 -1.13 2,812 -6.83 0.0034
2022-08-17 2022-06-30 13F/A-1 NATIONAL FUEL GAS COM 636180101 45,685 -11,100 -19.55 3,018 -22.64 0.0034
2022-08-15 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 45,685 -11,100 3,018 0.0011
2022-05-16 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 56,785 0 0.00 3,901 7.47 0.0030
2022-02-11 2021-12-31 13F National Fuel Gas COM 636180101 56,785 0 0.00 3,630 21.73 0.0030
2021-11-12 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 56,785 0 0.00 2,982 0.51 0.0025
2021-08-13 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 56,785 0 0.00 2,967 4.55 0.0024
2021-05-14 2021-03-31 13F NATIONAL FUEL GAS COM 636180101 56,785 -2,079 -3.53 2,838 17.22 0.0040
2021-02-16 2020-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 58,864 0 0.00 2,421 1.30 0.0035
2020-11-13 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 58,864 0 0.00 2,390 -3.20 0.0040
2020-08-11 2020-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 58,864 -2,636 -4.29 2,469 7.68 0.0043
2020-05-15 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 61,500 0 0.00 2,293 -19.88 0.0047
2020-03-18 2019-12-31 13F/A-2 NATIONAL FUEL GAS CO N J COM 636180101 61,500 0 0.00 2,862 -0.83 0.0041
2020-02-28 2019-12-31 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 61,500 0 2,862 0.0041
2020-02-14 2019-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 61,500 0 2,862 3,591.5675
2019-11-14 2019-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 61,500 0 0.00 2,886 -11.04 0.0048
2019-11-06 2019-06-30 13F/A-2 NATIONAL FUEL GAS CO N J COM 636180101 61,500 12,300 25.00 3,244 8.17 0.0055
2019-09-24 2019-06-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 61,500 0 3,244 0.0055
2019-08-14 2019-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 61,500 12,300 3,244
2019-05-15 2019-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 49,200 20,200 69.66 2,999 102.09 0.0051
2019-02-15 2018-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 29,000 29,000 1,484 0.0029
2019-03-21 2018-06-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 0 -1,300 -100.00 0 -100.00
2018-05-11 2018-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 1,300 1,300 67 0.0001
2018-02-14 2017-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -4,946 -100.00 0 -100.00
2017-11-08 2017-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 4,946 4,946 -66.35 280 -67.14 0.0005
2013-11-14 2013-09-30 13F National Fuel Gas Common Stock 636180101 0 -14,700 -100.00 0 -100.00
2013-08-16 2013-06-30 13F/A-1 National Fuel Gas Common Stock 636180101 14,700 14,700 852 0.0019
2013-08-14 2013-06-30 13F National Fuel Gas Common Stock 636180101 14,700 852 0.0019
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.