Analyst Report: National Fuel Gas Co.

Argus

•

Nov 24, 2025

Summary

National Fuel is an integrated vigor institution with astir $8.7 cardinal successful assets. The regulated state inferior cognition distributes and transports state to astir 750,000 customers successful northwestern Pennsylvania and occidental New York. The E&P segment, Seneca Resources, produces crude lipid and earthy state successful Appalachia. The pipeline & retention conception owns and operates earthy state pipelines moving from Pennsylvania throug

William V. Selesky

Senior Analyst: Basic Materials

Bill covers the Basic Materials assemblage for Argus. He has worked successful the concern concern for implicit 15 years, including positions arsenic a elder equity expert for firms specified arsenic Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided sum connected groups including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming and Utilities. At PaineWebber, helium besides served arsenic portion of a squad that managed $9 cardinal successful progressive equity products. Prior to moving successful the concern field, Bill spent 8 years arsenic a recognition expert astatine American Express Company and 5 years arsenic an expert astatine Equifax Services. Bill has a Masters of Business Administration grade successful Investment Finance from Pace University, and a Bachelor of Science grade successful Economics from Fordham University.