National Fuel Gas Co · Brief

Next report

5 days

Nov 5 · before openest.Q4 FY26

Expected move

±4.3%implied · report alone

76.1083.00

straddle ±5.4%

spot 79.55exp Nov 20ATM strike 80ATM straddle 5.07IV 33%

Oct 30 closereport share · term structure

Expected move

—≥ implied

Q3 FY26—▲+1.89%—

quarterimplied−5%0+5%realized×

Q3 FY26—▲+1.89%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Nov 5 report · est.

Bull2 of 3

652managers reporting a position in the latest quarterly filings13F · Jun 30 '26

14disclosed supplier and customer ties in SEC filingsSEC filings

Bear1

7 of 23of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Oct 26 '26once per report · top 2 per case

NFG report session

No linked exposure.

Oct 22impliedImplied move: ±5.5% into Nov 5 earnings (Oct 22 close).Source

Oct 18-KMaterial agreement: 8-K Item 1.01.Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.