National Fuel Gas (NFG) risk factors
Item 1A of every National Fuel Gas Co. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors31 risks6 new7 reworded
NFG is expanding via the $2.62 billion acquisition of CenterPoint Ohio, creating new financing and integration risks. Regulatory scrutiny from PHMSA, FERC, and state agencies continues to threaten operations. Climate change policies and potential tariffs are increasingly cited as external pressures.
Filed Nov 21, 2025 - FY2024 10-K risk factors25 risks
National Fuel Gas is exposed to commodity price volatility in its Exploration and Production segment. The business faces extensive federal, state, and local environmental and climate-related regulations. Operations depend heavily on third-party and internal natural gas gathering, storage, and transmission infrastructure.
Filed Nov 22, 2024