Is National Fuel Gas Company (NYSE:NFG) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating National Fuel Gas Company at current levels.
An integrated Appalachian gas play trading at distressed multiples while AI datacenter power demand reshapes the Northeast gas curve.
Where NFG is headed
National Fuel Gas in 2028 looks nothing like the sleepy Buffalo utility most generalists still file it under. The Seneca upstream arm is sitting on roughly 1.2 million net acres in the core Marcellus and Utica, producing into a Northeast market that is finally short of pipe takeaway just as PJM datacenter load goes vertical. The Pipeline & Storage segment, the most boring-sounding part of the business, is the actual prize. It owns the molecules-to-market path from Appalachian wellheads into the load pockets where hyperscalers are now signing 15-year power contracts. By FY28, I expect P&S EBITDA to be the largest segment contributor, with upstream as the optionality lever and the regulated utility as the cash ballast.
Read the full Compass Direction on NFG
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $82.23).
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Frequently asked questions
Is National Fuel Gas Company (NYSE:NFG) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating National Fuel Gas Company at current levels. An integrated Appalachian gas play trading at distressed multiples while AI datacenter power demand reshapes the Northeast gas curve.
What is NFG's Compass Score?
National Fuel Gas Company scores 74/100 on Alexandria's Compass, placing it in the "Favorable" tier. Scores blend eight factors and update weekly.
What is the price target for NFG?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the NFG page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.