National Fuel Gas NFG Reserve For Gas Replacement — Gas Stored Underground
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Where this comes from
Reported directly by National Fuel Gas in its filing.
Tagged under the XBRL concept us-gaap:EnergyRelatedInventoryGasStoredUnderground.
The source filing: National Fuel Gas’s 10-Q, filed July 30, 2026.
- Filed
- Jul 30, 2026, 11:54 AM EDT
- Fiscal quarter
- Q4 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0000070145-26-000033
Gas Stored Underground. In the Utility segment, gas stored underground is carried at lower of cost or net realizable value, on a LIFO method. Gas stored underground normally declines during the first and second quarters of the year as storage quantities are withdrawn and increases in the third and fourth quarters as storage quantities are replenished. In the Utility segment, the current cost of replacing gas withdrawn from storage is recorded in the Consolidated Statements of Income and a reserve for gas replacement is recorded in the Consolidated Balance Sheets under the caption “Other Accruals and Current Liabilities.” Such reserve, which amounted to $19.8 million at June 30, 2026, is reduced to zero by September 30 of each year as the inventory is replenished.
Item 1. Financial Statements (Unaudited)
FAQ
- What is National Fuel Gas's reserve for gas replacement — gas stored underground?
- National Fuel Gas (NFG) reported reserve for gas replacement — gas stored underground of $0 in Q3 2026.
- What is the long-term trend for National Fuel Gas's reserve for gas replacement — gas stored underground?
- Over 5 years (2021 to 2026), National Fuel Gas's reserve for gas replacement — gas stored underground has grown at a 16.6% compound annual growth rate (CAGR), from $32.43M to $70M.
- What does reserve for gas replacement — gas stored underground mean?
- This metric represents the volume of natural gas held in underground storage facilities specifically designated for the utility segment's operational requirements. It serves as a critical inventory buffer to ensure reliable supply during periods of peak demand or supply disruption. Monitoring these levels provides insight into the utility's ability to manage seasonal load volatility and maintain service continuity for its customer base.
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