National Fuel Gas Company Investor Relations Material

National Fuel Gas Company, through its subsidiaries, engages in the transportation, storage and distribution of natural gas as well as energy marketing operations in the United States. The company operates its business through four segments: Exploration and Production (E&P), Midstream, Utility and Energy Marketing. The E&P segment explores for, develops and produces oil and natural gas reserves. The Midstream segment primarily transports, stores and gathers natural gas from the E&P segment’s production areas to certain local gas utility systems and customers located throughout the Marcellus Shale play areas. The Utility segment distributes natural gas to approximately 710,000 customers in western New York state.