Investor Presentation Fiscal 2025 – 4th Quarter & Full Year Update November 5, 2025 Fiscal 2025 Q4 Update 1 National Fuel Gas Company Fiscal 2025 Q4 Update 2 • Company Overview (3) • Recent Highlights (6) • Why National Fuel? (10) • Financial Overview (15) • Integrated Upstream & Gathering Highlights (19) • Pipeline & Storage and Utility Highlights (30) • Guidance & Other Financial Information (45) Company Overview Corporate HQ: Buffalo, NY ~2,300 employees NYSE: NFG Market Cap: ~$7.2B 123 Years of consecut ...