NATIONAL FUEL GAS CO

Ticker: NFG CUSIP: 636180101 Class: Com

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

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

Q4 2025

Shares 4,228 Value ($000) $338 Avg Close $82.39 Range $77.22 - $93.80

Q1 2023

Shares 4,851 Value ($000) $280 Avg Close $57.97 Range $53.94 - $63.76

Q4 2022

Shares 4,354 Value ($000) $276 Avg Close $64.37 Range $60.71 - $68.22

Q3 2022

Shares 3,914 Value ($000) $241 Avg Close $68.95 Range $60.83 - $74.62

Q2 2022

Shares 3,914 Value ($000) $259 Avg Close $70.15 Range $64.72 - $75.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,228	$338	$82.39	$77.22 - $93.80
Q1 2023	4,851	$280	$57.97	$53.94 - $63.76
Q4 2022	4,354	$276	$64.37	$60.71 - $68.22
Q3 2022	3,914	$241	$68.95	$60.83 - $74.62
Q2 2022	3,914	$259	$70.15	$64.72 - $75.97