NATIONAL FUEL GAS CO

Ticker: NFG CUSIP: 636180101 Class: Com

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 21,312 Value ($000) $1,706 Avg Close $82.39 Range $77.22 - $93.80

Q3 2025

Shares 21,512 Value ($000) $1,987 Avg Close $87.18 Range $81.29 - $94.13

Q2 2025

Shares 21,712 Value ($000) $1,839 Avg Close $80.72 Range $69.93 - $86.45

Q1 2025

Shares 21,712 Value ($000) $1,719 Avg Close $71.92 Range $60.48 - $79.69

Q4 2024

Shares 21,612 Value ($000) $1,311 Avg Close $61.28 Range $58.82 - $65.06

Q3 2024

Shares 21,712 Value ($000) $1,316 Avg Close $58.47 Range $53.98 - $61.56

Q2 2024

Shares 22,112 Value ($000) $1,198 Avg Close $54.82 Range $51.46 - $57.60

Q1 2024

Shares 22,612 Value ($000) $1,215 Avg Close $49.45 Range $45.32 - $53.75

Q4 2023

Shares 22,012 Value ($000) $1,104 Avg Close $51.60 Range $48.60 - $55.57

Q3 2023

Shares 21,912 Value ($000) $1,137 Avg Close $52.65 Range $48.89 - $55.99

Q2 2023

Shares 22,612 Value ($000) $1,161 Avg Close $53.16 Range $49.27 - $58.25

Q1 2023

Shares 23,212 Value ($000) $1,340 Avg Close $57.97 Range $53.94 - $63.76

Q4 2022

Shares 23,312 Value ($000) $1,476 Avg Close $64.37 Range $60.71 - $68.22

Q3 2022

Shares 23,012 Value ($000) $1,416 Avg Close $68.95 Range $60.83 - $74.62

Q2 2022

Shares 23,212 Value ($000) $1,533 Avg Close $70.15 Range $64.72 - $75.97

Q1 2022

Shares 23,212 Value ($000) $1,595 Avg Close $63.26 Range $58.12 - $70.01

Q4 2021

Shares 23,066 Value ($000) $1,475 Avg Close $59.75 Range $52.38 - $64.72

Q3 2021

Shares 22,866 Value ($000) $1,201 Avg Close $51.80 Range $49.16 - $55.05

Q2 2021

Shares 22,966 Value ($000) $1,200 Avg Close $51.87 Range $49.22 - $55.22

Q1 2021

Shares 33,766 Value ($000) $1,688 Avg Close $45.39 Range $39.80 - $51.13

Q4 2020

Shares 33,166 Value ($000) $1,364 Avg Close $41.62 Range $37.87 - $44.05

Q3 2020

Shares 33,166 Value ($000) $1,346 Avg Close $42.58 Range $39.28 - $46.05

Q2 2020

Shares 32,866 Value ($000) $1,378 Avg Close $40.82 Range $34.33 - $45.04

Q1 2020

Shares 23,880 Value ($000) $890 Avg Close $40.99 Range $31.58 - $46.67

Q4 2019

Shares 25,380 Value ($000) $1,181 Avg Close $45.59 Range $42.98 - $47.70

Q3 2019

Shares 25,080 Value ($000) $1,177 Avg Close $48.58 Range $45.47 - $54.61

Q2 2019

Shares 25,580 Value ($000) $1,349 Avg Close $56.93 Range $51.71 - $61.27

Q1 2019

Shares 30,780 Value ($000) $1,876 Avg Close $58.07 Range $49.75 - $61.71

Q4 2018

Shares 30,680 Value ($000) $1,570 Avg Close $54.80 Range $49.60 - $59.15

Q3 2018

Shares 31,780 Value ($000) $1,782 Avg Close $55.18 Range $52.05 - $57.47

Q2 2018

Shares 31,680 Value ($000) $1,678 Avg Close $51.80 Range $50.01 - $53.75

Q1 2018

Shares 31,280 Value ($000) $1,609 Avg Close $52.27 Range $48.31 - $57.55

Q4 2017

Shares 30,780 Value ($000) $1,690 Avg Close $57.14 Range $54.14 - $59.90

Q3 2017

Shares 32,180 Value ($000) $1,822 Avg Close $57.91 Range $54.89 - $59.92

Q2 2017

Shares 35,180 Value ($000) $1,964 Avg Close $56.29 Range $53.03 - $61.20

Q1 2017

Shares 34,680 Value ($000) $2,068 Avg Close $58.87 Range $54.67 - $61.25

Q4 2016

Shares 34,280 Value ($000) $1,942 Avg Close $54.73 Range $50.61 - $58.78

Q3 2016

Shares 34,180 Value ($000) $1,848 Avg Close $56.52 Range $53.81 - $59.62

Q2 2016

Shares 39,080 Value ($000) $2,223 Avg Close $53.96 Range $47.49 - $57.06

Q1 2016

Shares 33,880 Value ($000) $1,696 Avg Close $46.05 Range $39.79 - $51.53

Q4 2015

Shares 33,480 Value ($000) $1,431 Avg Close $47.49 Range $37.03 - $56.64

Q3 2015

Shares 38,480 Value ($000) $1,923 Avg Close $54.03 Range $48.61 - $59.39

Q2 2015

Shares 38,480 Value ($000) $2,266 Avg Close $63.16 Range $58.83 - $66.07

Q1 2015

Shares 38,180 Value ($000) $2,303 Avg Close $64.26 Range $57.73 - $70.19

Q4 2014

Shares 40,080 Value ($000) $2,787 Avg Close $69.02 Range $64.31 - $72.21

Q3 2014

Shares 39,880 Value ($000) $2,791 Avg Close $73.27 Range $65.29 - $78.79

Q2 2014

Shares 39,580 Value ($000) $3,099 Avg Close $73.73 Range $68.50 - $78.46

Q1 2014

Shares 39,480 Value ($000) $2,765 Avg Close $73.18 Range $68.12 - $77.05

Q4 2013

Shares 39,180 Value ($000) $2,797 Avg Close $69.48 Range $65.23 - $72.53

Q3 2013

Shares 38,980 Value ($000) $2,680 Avg Close $65.04 Range $57.52 - $69.27

Q2 2013

Shares 38,480 Value ($000) $2,230 Avg Close $60.82 Range $56.80 - $64.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	21,312	$1,706	$82.39	$77.22 - $93.80
Q3 2025	21,512	$1,987	$87.18	$81.29 - $94.13
Q2 2025	21,712	$1,839	$80.72	$69.93 - $86.45
Q1 2025	21,712	$1,719	$71.92	$60.48 - $79.69
Q4 2024	21,612	$1,311	$61.28	$58.82 - $65.06
Q3 2024	21,712	$1,316	$58.47	$53.98 - $61.56
Q2 2024	22,112	$1,198	$54.82	$51.46 - $57.60
Q1 2024	22,612	$1,215	$49.45	$45.32 - $53.75
Q4 2023	22,012	$1,104	$51.60	$48.60 - $55.57
Q3 2023	21,912	$1,137	$52.65	$48.89 - $55.99
Q2 2023	22,612	$1,161	$53.16	$49.27 - $58.25
Q1 2023	23,212	$1,340	$57.97	$53.94 - $63.76
Q4 2022	23,312	$1,476	$64.37	$60.71 - $68.22
Q3 2022	23,012	$1,416	$68.95	$60.83 - $74.62
Q2 2022	23,212	$1,533	$70.15	$64.72 - $75.97
Q1 2022	23,212	$1,595	$63.26	$58.12 - $70.01
Q4 2021	23,066	$1,475	$59.75	$52.38 - $64.72
Q3 2021	22,866	$1,201	$51.80	$49.16 - $55.05
Q2 2021	22,966	$1,200	$51.87	$49.22 - $55.22
Q1 2021	33,766	$1,688	$45.39	$39.80 - $51.13
Q4 2020	33,166	$1,364	$41.62	$37.87 - $44.05
Q3 2020	33,166	$1,346	$42.58	$39.28 - $46.05
Q2 2020	32,866	$1,378	$40.82	$34.33 - $45.04
Q1 2020	23,880	$890	$40.99	$31.58 - $46.67
Q4 2019	25,380	$1,181	$45.59	$42.98 - $47.70
Q3 2019	25,080	$1,177	$48.58	$45.47 - $54.61
Q2 2019	25,580	$1,349	$56.93	$51.71 - $61.27
Q1 2019	30,780	$1,876	$58.07	$49.75 - $61.71
Q4 2018	30,680	$1,570	$54.80	$49.60 - $59.15
Q3 2018	31,780	$1,782	$55.18	$52.05 - $57.47
Q2 2018	31,680	$1,678	$51.80	$50.01 - $53.75
Q1 2018	31,280	$1,609	$52.27	$48.31 - $57.55
Q4 2017	30,780	$1,690	$57.14	$54.14 - $59.90
Q3 2017	32,180	$1,822	$57.91	$54.89 - $59.92
Q2 2017	35,180	$1,964	$56.29	$53.03 - $61.20
Q1 2017	34,680	$2,068	$58.87	$54.67 - $61.25
Q4 2016	34,280	$1,942	$54.73	$50.61 - $58.78
Q3 2016	34,180	$1,848	$56.52	$53.81 - $59.62
Q2 2016	39,080	$2,223	$53.96	$47.49 - $57.06
Q1 2016	33,880	$1,696	$46.05	$39.79 - $51.53
Q4 2015	33,480	$1,431	$47.49	$37.03 - $56.64
Q3 2015	38,480	$1,923	$54.03	$48.61 - $59.39
Q2 2015	38,480	$2,266	$63.16	$58.83 - $66.07
Q1 2015	38,180	$2,303	$64.26	$57.73 - $70.19
Q4 2014	40,080	$2,787	$69.02	$64.31 - $72.21
Q3 2014	39,880	$2,791	$73.27	$65.29 - $78.79
Q2 2014	39,580	$3,099	$73.73	$68.50 - $78.46
Q1 2014	39,480	$2,765	$73.18	$68.12 - $77.05
Q4 2013	39,180	$2,797	$69.48	$65.23 - $72.53
Q3 2013	38,980	$2,680	$65.04	$57.52 - $69.27
Q2 2013	38,480	$2,230	$60.82	$56.80 - $64.58