National Fuel Gas NFG Integrated Upstream and Gathering — Depreciable plant

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FAQ

What is National Fuel Gas's integrated upstream and gathering — depreciable plant?

National Fuel Gas (NFG) reported integrated upstream and gathering — depreciable plant of $9.15B in Q3 2025.

What does integrated upstream and gathering — depreciable plant mean?

This metric represents the total historical cost of tangible assets within the upstream and gathering segment that are subject to depreciation, depletion, or amortization over their useful lives. It serves as a primary indicator of the capital intensity and the scale of physical infrastructure, such as wells, pipelines, and processing facilities, required to support exploration and production activities. Monitoring this balance helps investors assess the company's asset base size and the potential future burden of non-cash depreciation expenses on segment profitability.