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6Material company update
Apr 30, 2026·SEC
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Apr 29, 2026·SEC
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Mar 27, 2026·SEC
National Fuel Gas Company(NFG)Earnings, Financials & Key Ratios
NFG•NYSE
13.4× P/E·Price updated Jun 19, 2026
AboutNational Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States. As of September 30, 2021, it had proved developed and undeveloped reserves of 21,537 thousand barrels of oil and 3,723,433 million cubic feet of natural gas. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields. This segment also transports natural gas for National Fuel Gas Distribution Corporation, as well as for other utilities, industrial companies, and power producers in New York State; and owns and operates the Empire Pipeline. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region, as well as provides gathering services to Seneca Resources Company, LLC. The Utility segment sells natural gas or provides natural gas transportation services to approximately 753,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The company markets gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York, and northwestern Pennsylvania. As of September 30, 2021, the company also owned approximately 95,000 acres of timber property; and managed approximately 2,500 additional acres of timber cutting rights. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.Show more
- Revenue$2.28B+17.1%
- EBITDA$1.27B+90.5%
- Net Income$519M+568.9%
- EPS (Diluted)5.68+576.2%
- Gross Margin66.13%+57.3%
- EBITDA Margin55.76%+62.7%
- Operating Margin35.72%+231.2%
- Net Margin22.77%+471.2%
- ROE17.45%+554.1%
NFG Key Insights
National Fuel Gas Company (NFG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 39 years of consecutive increases
- ✓Strong Piotroski F-Score: 9/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 2.7%
- ✓Healthy 5Y average net margin of 19.1%
✗Weaknesses
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NFG Price & Volume
National Fuel Gas Company (NFG) stock price & volume — 10-year historical chart
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NFG Growth Metrics
National Fuel Gas Company (NFG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.61%
5 Years8.05%
3 Years1.38%
TTM20.74%
Profit CAGR
10 Years-
5 Years-
3 Years-2.88%
TTM1635.05%
EPS CAGR
10 Years-
5 Years-
3 Years-2.62%
TTM1618.6%
Return on Capital
10 Years7.06%
5 Years9.63%
3 Years8.31%
Last Year10.83%
NFG Recent Earnings
National Fuel Gas Company (NFG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$2.71-4.9%
$2.85
Rev
$858M+0.2%
$857M
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$2.06+7.9%
$1.91
Rev
$652M-0.3%
$654M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$1.22+9.9%
$1.11
Rev
$456M-11.1%
$513M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$1.64+9.3%
$1.50
Rev
$532M-1.5%
$540M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $2.71vs $2.85-4.9% | $858Mvs $857M+0.2% |
| Q1 2026 | Jan 28, 2026 | $2.06vs $1.91+7.9% | $652Mvs $654M-0.3% |
| Q4 2025 | Nov 5, 2025 | $1.22vs $1.11+9.9% | $456Mvs $513M-11.1% |
| Q3 2025 | Jul 30, 2025 | $1.64vs $1.50+9.3% | $532Mvs $540M-1.5% |
Based on last 12 quarters of dataView full earnings history →
NFG Peer Comparison
National Fuel Gas Company (NFG) competitors in Midstream gas and liquids processors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NJR | 5.56B | 55.11 | 16.55 | 13.94% | 15.45% | 18.74% | 1.58 | |
 SR | 4.55B | 77.05 | 17.63 | -4.5% | 14.12% | 10.44% | 1.54 | |
 SWX | 6.4B | 88.48 | 14.55 | -62.05% | 18.55% | 11.53% | 0.89 | |
 NWN | 2.06B | 49.02 | 17.70 | 11.83% | 9.56% | 8.27% | 1.87 | |
 ATO | 28.39B | 170.11 | 22.80 | 12.91% | 27.58% | 7.69% | 0.69 | |
 OGS | 4.82B | 76.76 | 17.57 | 16.5% | 11.77% | 8.2% | 0.99 | |
 CNX | 4.64B | 32.67 | 8.21 | 59.19% | 50.85% | 27.46% | 0.57 | |
 RRC | 8.57B | 36.39 | 13.28 | 27.56% | 28.41% | 20.93% | 0.29 |
Compare NFG vs Peers
National Fuel Gas Company (NFG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NFG Income Statement
National Fuel Gas Company (NFG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 1.58B | 1.59B | 1.69B | 1.55B | 1.74B | 2.19B | 2.17B | 1.94B | 2.28B | 2.5B |
Revenue Growth % | 8.78% | 0.81% | 6.32% | -8.68% | 12.7% | 25.44% | -0.56% | -10.53% | 17.11% | 20.74% |
Cost of Goods Sold | 901.11M | 988.55M | 1.09B | 978.6M | 982.94M | 1.28B | 1.33B | 1.13B | 771.31M | 1.25B |
COGS % of Revenue | 57.04% | 62.07% | 64.53% | 63.29% | 56.4% | 58.69% | 61% | 57.95% | 33.87% | - |
Gross Profit | 678.77M▲ 0% | 604.12M▼ 11.0% | 600.7M▼ 0.6% | 567.7M▼ 5.5% | 759.72M▲ 33.8% | 902.96M▲ 18.9% | 847.85M▼ 6.1% | 817.7M▼ 3.6% | 1.51B▲ 84.2% | 1.25B▲ 0% |
Gross Margin % | 42.96% | 37.93% | 35.47% | 36.71% | 43.6% | 41.31% | 39% | 42.05% | 66.13% | 50.04% |
Gross Profit Growth % | 10.64% | -11% | -0.57% | -5.49% | 33.83% | 18.85% | -6.1% | -3.56% | 84.2% | - |
Operating Expenses | 85M | 84.39M | 88.89M | 537.84M | 119.8M | 88.45M | 92.7M | 607.98M | 692.78M | 216.69M |
OpEx % of Revenue | 5.38% | 5.3% | 5.25% | 34.78% | 6.87% | 4.05% | 4.26% | 31.26% | 30.42% | - |
Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 85M | 84.39M | 88.89M | 537.84M | 119.8M | 88.45M | 92.7M | 607.98M | 692.78M | 4M |
Operating Income | 593.78M▲ 0% | 519.72M▼ 12.5% | 511.81M▼ 1.5% | 29.86M▼ 94.2% | 639.92M▲ 2043.2% | 814.52M▲ 27.3% | 755.15M▼ 7.3% | 209.72M▼ 72.2% | 813.46M▲ 287.9% | 1.03B▲ 0% |
Operating Margin % | 37.58% | 32.63% | 30.23% | 1.93% | 36.72% | 37.26% | 34.74% | 10.78% | 35.72% | 41.36% |
Operating Income Growth % | 242.56% | -12.47% | -1.52% | -94.17% | 2043.22% | 27.28% | -7.29% | -72.23% | 287.87% | - |
EBITDA | 817.97M | 760.68M | 787.47M | 336.02M | 975.23M | 1.18B | 1.16B | 666.75M | 1.27B | 1.51B |
EBITDA Margin % | 51.77% | 47.76% | 46.5% | 21.73% | 55.96% | 54.18% | 53.58% | 34.28% | 55.76% | 60.47% |
EBITDA Growth % | 589.51% | -7% | 3.52% | -57.33% | 190.23% | 21.44% | -1.65% | -42.75% | 90.48% | 152.44% |
D&A (Non-Cash Add-back) | 224.19M | 240.96M | 275.66M | 306.16M | 335.3M | 369.79M | 409.57M | 457.03M | 456.59M | 477.3M |
EBIT | 564M | 498.55M | 496.27M | 12.04M | 624.69M | 813.01M | 773.28M | 225.95M | 849.89M | 1.05B |
Net Interest Income | -119.84M | -114.52M | -106.76M | -117.08M | -146.36M | -130.36M | -131.89M | -138.69M | -155.83M | -150.44M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 119.84M | 114.52M | 106.76M | 117.08M | 146.36M | 130.36M | 131.89M | 138.69M | 155.83M | 150.44M |
Other Income/Expense | -149.61M | -135.7M | -122.3M | -134.89M | -161.59M | -131.87M | -113.75M | -122.47M | -119.41M | -111.73M |
Pretax Income | 444.16M▲ 0% | 384.03M▼ 13.5% | 389.51M▲ 1.4% | -105.03M▼ 127.0% | 478.33M▲ 555.4% | 682.65M▲ 42.7% | 641.4M▼ 6.0% | 87.25M▼ 86.4% | 694.05M▲ 695.4% | 921.54M▲ 0% |
Pretax Margin % | 28.11% | 24.11% | 23% | -6.79% | 27.45% | 31.23% | 29.51% | 4.49% | 30.47% | 36.89% |
Income Tax | 160.68M | -7.49M | 85.22M | 18.74M | 114.68M | 116.63M | 164.53M | 9.74M | 175.55M | 235.07M |
Effective Tax Rate % | 36.18% | -1.95% | 21.88% | -17.84% | 23.98% | 17.08% | 25.65% | 11.16% | 25.29% | 25.51% |
Net Income | 283.48M▲ 0% | 391.52M▲ 38.1% | 304.29M▼ 22.3% | -123.77M▼ 140.7% | 363.65M▲ 393.8% | 566.02M▲ 55.7% | 476.87M▼ 15.8% | 77.51M▼ 83.7% | 518.5M▲ 568.9% | 686.47M▲ 0% |
Net Margin % | 17.94% | 24.58% | 17.97% | -8% | 20.87% | 25.89% | 21.94% | 3.99% | 22.77% | 27.48% |
Net Income Growth % | 197.43% | 38.11% | -22.28% | -140.68% | 393.8% | 55.65% | -15.75% | -83.75% | 568.93% | 1635.05% |
Net Income (Continuing) | 283.48M | 391.52M | 304.29M | -123.77M | 363.65M | 566.02M | 476.87M | 77.51M | 518.5M | 686.47M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 3.30▲ 0% | 4.53▲ 37.3% | 3.51▼ 22.5% | -1.41▼ 140.2% | 3.97▲ 381.6% | 6.15▲ 54.9% | 5.17▼ 15.9% | 0.84▼ 83.8% | 5.68▲ 576.2% | 7.17▲ 0% |
EPS Growth % | 196.21% | 37.27% | -22.52% | -140.17% | 381.56% | 54.91% | -15.93% | -83.75% | 576.19% | 1618.6% |
EPS (Basic) | 3.32 | 4.56 | 3.53 | -1.41 | 3.99 | 6.19 | 5.20 | 0.84 | 5.73 | - |
Diluted Shares Outstanding | 86.02M | 86.44M | 86.77M | 87.97M | 91.68M | 92.11M | 92.29M | 92.34M | 91.23M | 95.69M |
Basic Shares Outstanding | 85.36M | 85.83M | 86.24M | 87.97M | 91.13M | 91.41M | 91.75M | 91.79M | 90.5M | 95.03M |
Dividend Payout Ratio | 49.06% | 36.59% | 48.45% | - | 44.85% | 29.71% | 36.93% | 237.12% | 36.34% | - |
NFG Balance Sheet
National Fuel Gas Company (NFG) balance sheet — assets, liabilities & shareholders' equity
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 818.28M | 544.59M | 362.62M | 314.2M | 522.45M | 761.13M | 414.43M | 355.92M | 410.73M | 507.6M |
Cash & Short-Term Investments | 555.53M | 229.61M | 20.43M | 20.54M | 31.53M | 46.05M | 55.45M | 38.22M | 43.17M | 26.6M |
Cash Only | 555.53M | 229.61M | 20.43M | 20.54M | 31.53M | 46.05M | 55.45M | 38.22M | 43.17M | 26.6M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 144.96M | 196.96M | 209.68M | 164.71M | 238.58M | 411.95M | 222.14M | 178.25M | 225.94M | 292.55M |
Days Sales Outstanding | 33.49 | 45.14 | 45.2 | 38.88 | 49.97 | 68.78 | 37.3 | 33.45 | 36.21 | 39.33 |
Inventory | 74.24M | 77.84M | 79.59M | 85.22M | 120.36M | 172.34M | 81.5M | 82.72M | 89.78M | 0 |
Days Inventory Outstanding | 30.07 | 28.74 | 26.59 | 31.78 | 44.69 | 49.03 | 22.43 | 26.79 | 42.49 | 17.99 |
Other Current Assets | 18.66M | 14.97M | 25.83M | 16.61M | 117.82M | 113.03M | 36.37M | 38.26M | 35.36M | 188.45M |
Total Non-Current Assets | 5.29B | 5.49B | 6.1B | 6.91B | 6.94B | 7.14B | 7.87B | 7.96B | 8.31B | 8.62B |
Property, Plant & Equipment | 4.67B | 4.98B | 5.51B | 6.02B | 6.38B | 6.57B | 7.3B | 7.34B | 7.71B | 15.83B |
Fixed Asset Turnover | 0.34x | 0.32x | 0.31x | 0.26x | 0.27x | 0.33x | 0.30x | 0.26x | 0.30x | 0.26x |
Goodwill | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M | 5.48M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 125.27M | 132.54M | 144.92M | 240.13M | 149.63M | 95.03M | 73.98M | 81.7M | 107.73M | 385.69M |
Other Non-Current Assets | 480.23M | 376.73M | 167.4M | 387.22M | 402.99M | 468.15M | 486.52M | 537.47M | 482.52M | -7.28B |
Total Assets | 6.1B▲ 0% | 6.04B▼ 1.1% | 6.46B▲ 7.1% | 7.22B▲ 11.7% | 7.46B▲ 3.4% | 7.9B▲ 5.8% | 8.28B▲ 4.9% | 8.32B▲ 0.5% | 8.72B▲ 4.8% | 9.13B▲ 0% |
Asset Turnover | 0.26x | 0.26x | 0.26x | 0.21x | 0.23x | 0.28x | 0.26x | 0.23x | 0.26x | 0.28x |
Asset Growth % | 8.28% | -1.09% | 7.05% | 11.74% | 3.38% | 5.78% | 4.86% | 0.48% | 4.8% | 22.92% |
Total Current Liabilities | 646.04M | 440.06M | 421.91M | 459.57M | 1.24B | 1.94B | 806.31M | 1.1B | 925.76M | 820.15M |
Accounts Payable | 126.44M | 160.03M | 132.21M | 144.91M | 171.66M | 178.94M | 152.19M | 165.07M | 184.05M | 143.18M |
Days Payables Outstanding | 51.22 | 59.09 | 44.16 | 54.05 | 63.74 | 50.9 | 41.9 | 53.46 | 87.09 | 43.28 |
Short-Term Debt | 300M | 0 | 55.2M | 50.61M | 158.5M | 609M | 287.5M | 590.7M | 450.2M | 341.3M |
Deferred Revenue (Current) | 0 | 0 | 0 | 15.32M | 36.52M | 50.39M | 49.77M | 55.64M | 47.04M | 63.03M |
Other Current Liabilities | 184.56M | 237.37M | 184.74M | 234.11M | 768.04M | 978.27M | 148.66M | 120.3M | 134.83M | 335.67M |
Current Ratio | 1.27x | 1.24x | 0.86x | 0.68x | 0.42x | 0.39x | 0.51x | 0.32x | 0.44x | 0.62x |
Quick Ratio | 1.15x | 1.06x | 0.67x | 0.50x | 0.33x | 0.30x | 0.41x | 0.25x | 0.35x | 0.62x |
Cash Conversion Cycle | 12.34 | 14.79 | 27.62 | 16.61 | 30.92 | 66.91 | 17.84 | 6.79 | -8.4 | 14.04 |
Total Non-Current Liabilities | 3.75B | 3.66B | 3.9B | 4.79B | 4.44B | 3.87B | 4.51B | 4.38B | 4.7B | 4.48B |
Long-Term Debt | 2.08B | 2.13B | 2.13B | 2.63B | 2.63B | 2.08B | 2.38B | 2.19B | 2.38B | 2.08B |
Capital Lease Obligations | 0 | 0 | 0 | 14.78M | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 891.29M | 512.69M | 653.38M | 952.05M | 660.42M | 698.23M | 1.12B | 1.11B | 1.23B | 4.98B |
Other Non-Current Liabilities | 778.58M | 1.02B | 1.11B | 1.07B | 1.15B | 1.09B | 1B | 1.08B | 1.09B | 1.07B |
Total Liabilities | 4.4B | 4.1B | 4.32B | 5.25B | 5.68B | 5.82B | 5.32B | 5.47B | 5.62B | 5.3B |
Total Debt | 2.38B | 2.13B | 2.19B | 2.69B | 2.79B | 2.69B | 2.67B | 2.78B | 2.83B | 2.43B |
Net Debt | 1.83B | 1.9B | 2.17B | 2.67B | 2.76B | 2.65B | 2.62B | 2.74B | 2.79B | 2.4B |
Debt / Equity | 1.40x | 1.10x | 1.02x | 1.37x | 1.56x | 1.29x | 0.90x | 0.98x | 0.92x | 0.63x |
Debt / EBITDA | 2.91x | 2.80x | 2.78x | 8.02x | 2.86x | 2.27x | 2.29x | 4.17x | 2.23x | 1.61x |
Net Debt / EBITDA | 2.23x | 2.50x | 2.75x | 7.96x | 2.83x | 2.23x | 2.25x | 4.11x | 2.20x | 1.59x |
Interest Coverage | 4.71x | 4.35x | 4.65x | 0.10x | 4.27x | 6.24x | 5.86x | 1.63x | 5.45x | 7.01x |
Total Equity | 1.7B▲ 0% | 1.94B▲ 13.7% | 2.14B▲ 10.4% | 1.97B▼ 7.8% | 1.79B▼ 9.4% | 2.08B▲ 16.4% | 2.96B▲ 42.5% | 2.85B▼ 3.9% | 3.09B▲ 8.6% | 3.82B▲ 0% |
Equity Growth % | 11.57% | 13.71% | 10.41% | -7.81% | -9.42% | 16.44% | 42.48% | -3.88% | 8.65% | 72.84% |
Book Value per Share | 19.81 | 22.41 | 24.65 | 22.42 | 19.48 | 22.58 | 32.11 | 30.84 | 33.92 | 39.97 |
Total Shareholders' Equity | 1.7B | 1.94B | 2.14B | 1.97B | 1.79B | 2.08B | 2.96B | 2.85B | 3.09B | 3.82B |
Common Stock | 85.54M | 85.96M | 86.31M | 90.95M | 91.18M | 91.48M | 91.82M | 91.01M | 90.38M | 95.03M |
Retained Earnings | 851.67M | 1.1B | 1.27B | 991.63M | 1.19B | 1.59B | 1.89B | 1.73B | 2.01B | 2.34B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -30.12M | -67.75M | -52.16M | -114.76M | -513.6M | -625.73M | -55.06M | -15.48M | -59.22M | 1.11M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NFG Cash Flow Statement
National Fuel Gas Company (NFG) cash flow — operating, investing & free cash flow history
| Metric | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 684.51M | 615.3M | 694.48M | 740.81M | 791.55M | 812.52M | 1.24B | 1.07B | 1.1B | 1.28B |
Operating CF Margin % | 43.33% | 38.63% | 41.01% | 47.91% | 45.42% | 37.17% | 56.91% | 54.81% | 48.3% | - |
Operating CF Growth % | 16.22% | -10.11% | 12.87% | 6.67% | 6.85% | 2.65% | 52.25% | -13.83% | 3.2% | 133.54% |
Net Income | 283.48M | 391.52M | 304.29M | -123.77M | 363.65M | 566.02M | 476.87M | 77.51M | 518.5M | 686.47M |
Depreciation & Amortization | 224.19M | 240.96M | 275.66M | 755.6M | 335.3M | 369.79M | 409.57M | 457.03M | 456.59M | 477.3M |
Stock-Based Compensation | 12.26M | 15.76M | 21.19M | 14.93M | 17.07M | 19.51M | 20.63M | 22.08M | 19.75M | 19.21M |
Deferred Taxes | 117.97M | -18.15M | 122.27M | 54.31M | 105.99M | 104.42M | 151.4M | -2.61M | 121.27M | 163.78M |
Other Non-Cash Items | 16.48M | 16.13M | 8.61M | 6.53M | 51.7M | 714K | 19.65M | 543.54M | 169.12M | 24.94M |
Working Capital Changes | 30.12M | -30.92M | -37.53M | 33.21M | -82.15M | -247.93M | 158.96M | -31.59M | -185.22M | -88.27M |
Change in Receivables | 0 | 0 | 6.38M | 0 | -61.41M | -168.77M | 213.58M | 34.37M | -54.52M | -3.43M |
Change in Inventory | 0 | 0 | 0 | 0 | -2.01M | 3.11M | 0 | 1.74M | -7.15M | -13.21M |
Change in Payables | -2.35M | 21.36M | -24.77M | 2.11M | 20.59M | 12.3M | 21.5M | -10.68M | 12.79M | -24M |
Cash from Investing | -422.56M | -528.89M | -799.17M | -1.22B | -633.22M | -518.7M | -1.11B | -933.9M | -891.7M | -964.07M |
Capital Expenditures | -450.33M | -584M | -788.94M | -1.22B | -751.73M | -811.83M | -1.01B | -931.24M | -912.82M | -976.83M |
CapEx % of Revenue | 28.5% | 36.67% | 46.59% | 79.05% | 43.14% | 37.14% | 46.46% | 47.88% | 40.08% | 39.1% |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 27.77M | 55.12M | -10.24M | -1.21M | 118.52M | 263.12M | -112.48M | -2.67M | 21.12M | 12.76M |
Cash from Financing | 163.87M | -410.64M | -101.09M | 476.09M | -58.74M | -276.24M | -207M | -149.28M | -203.38M | -384.08M |
Debt Issued (Net) | 295.15M | -271.49M | 55.2M | 467.81M | 108.05M | -98.5M | -24.19M | 102.56M | 44.14M | -517.39M |
Equity Issued (Net) | 7.78M | 4.11M | -8.88M | 161.6M | -3.7M | -9.59M | -6.71M | -68.04M | -59.09M | 674.5M |
Dividends Paid | -139.06M | -143.26M | -147.42M | -153.32M | -163.09M | -168.15M | -176.1M | -183.8M | -188.44M | -194.08M |
Share Repurchases | 0 | 0 | -8.88M | 161.6M | -3.7M | -9.59M | -6.71M | -68.04M | -59.09M | -11.01M |
Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -347.11M |
Net Change in Cash | 427.3M▲ 0% | -324.22M▼ 175.9% | -205.79M▲ 36.5% | -6.72M▲ 96.7% | 99.6M▲ 1582.3% | 17.58M▼ 82.3% | -82.27M▼ 568.0% | -17.23M▲ 79.1% | 4.94M▲ 128.7% | -64.71M▲ 0% |
Free Cash Flow | 234.17M▲ 0% | 31.3M▼ 86.6% | -94.45M▼ 401.8% | -481.6M▼ 409.9% | 39.82M▲ 108.3% | 695K▼ 98.3% | 227.21M▲ 32591.7% | 134.72M▼ 40.7% | 187.21M▲ 39.0% | 306.61M▲ 0% |
FCF Margin % | 14.82% | 1.97% | -5.58% | -31.15% | 2.28% | 0.03% | 10.45% | 6.93% | 8.22% | 12.27% |
FCF Growth % | 3063.22% | -86.63% | -401.78% | -409.87% | 108.27% | -98.25% | 32591.65% | -40.7% | 38.95% | 337.81% |
FCF per Share | 2.72 | 0.36 | -1.09 | -5.47 | 0.43 | 0.01 | 2.46 | 1.46 | 2.05 | 3.20 |
FCF Conversion (FCF/Net Income) | 2.41x | 1.57x | 2.28x | -5.99x | 2.18x | 1.44x | 2.59x | 13.75x | 2.12x | 0.45x |
Interest Paid | 116.89M | 126.08M | 0 | 0 | 135.14M | 124.31M | 124.44M | 125.13M | 0 | 0 |
Taxes Paid | 34.83M | 31.77M | 0 | 0 | 6.37M | 16.68M | 38.1M | 4.13M | 48.88M | 0 |
NFG Key Ratios
National Fuel Gas Company (NFG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 17.55% | 21.51% | 14.93% | -6.02% | 19.35% | 29.28% | 18.91% | 2.67% | 17.45% | 20.37% |
Return on Invested Capital (ROIC) | 12.7% | 10.58% | 9.42% | 0.5% | 10.45% | 13.18% | 10.99% | 2.82% | 10.63% | 12.98% |
Gross Margin | 42.96% | 37.93% | 35.47% | 36.71% | 43.6% | 41.31% | 39% | 42.05% | 66.13% | 50.04% |
Net Margin | 17.94% | 24.58% | 17.97% | -8% | 20.87% | 25.89% | 21.94% | 3.99% | 22.77% | 27.48% |
Debt / Equity | 1.40x | 1.10x | 1.02x | 1.37x | 1.56x | 1.29x | 0.90x | 0.98x | 0.92x | 0.63x |
Interest Coverage | 4.71x | 4.35x | 4.65x | 0.10x | 4.27x | 6.24x | 5.86x | 1.63x | 5.45x | 7.01x |
FCF Conversion | 2.41x | 1.57x | 2.28x | -5.99x | 2.18x | 1.44x | 2.59x | 13.75x | 2.12x | 0.45x |
Revenue Growth | 8.78% | 0.81% | 6.32% | -8.68% | 12.7% | 25.44% | -0.56% | -10.53% | 17.11% | 20.74% |
Related:NFG Dividend History·NFG Revenue History·NFG Price History·NFG P/E History·NFG Financial Ratios·NFG Institutional Holders
NFG SEC Filings & Documents
National Fuel Gas Company (NFG) SEC filings — annual & quarterly reports (10-K, 10-Q)
NFG Frequently Asked Questions
National Fuel Gas Company (NFG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
National Fuel Gas Company (NFG) reported $2.50B in revenue for fiscal year 2025. This represents a 107% increase from $1.21B in 1996.
National Fuel Gas Company (NFG) grew revenue by 17.1% over the past year. This is strong growth.
Yes, National Fuel Gas Company (NFG) is profitable, generating $686.5M in net income for fiscal year 2025 (22.8% net margin).
Dividend & Returns
Yes, National Fuel Gas Company (NFG) pays a dividend with a yield of 2.72%. This makes it attractive for income-focused investors.
National Fuel Gas Company (NFG) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.
National Fuel Gas Company (NFG) generated $306.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.