Seneca Resources (Integrated Upstream and Gathering)

Seneca Resources Company - NFG's E&P subsidiary focused on Marcellus, Utica and Geneseo shales in Pennsylvania. Combined with Midstream Company starting Q4 FY2025 into Integrated Upstream and Gathering segment. 1,229,682 net acres in PA (of 1,301,368 total net acres); 153,105 PA net acres developed in shales (12% of PA total). Gathering: 401 miles + 24 compressor stations / 128,286 installed HP. Net PP&E $3.5B. FY2025: 426 Bcf gas (+9% YoY) + 28 Mbbl oil; 31.25 net dev wells completed; 51.5 net wells in process at Sep 30 2025. Reserves audited by NSAI.