Zacks Investment Research·5d ago
National Fuel Evaluates Split to Strengthen Regulated Business FocusNFG weighs a split of its upstream and gathering business to sharpen its focus on regulated utility, pipeline and storage.
National Fuel Gas Company (NFG) presents a compelling investment case driven by its integrated natural gas operations, which have demonstrated accelerating revenue growth (17.1% YoY in Q3 2026) and robust operating leverage (operating income up 20.4% YoY). The...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 17.1% YoY in Q3 2026, with operating income up 20.4% YoY, reflecting positive operating leverage and a net margin of 25.8%.
National Fuel Gas reported robust Q1 2026 results with $651.51 million in revenue and $181.65 million net income, showing significant growth.
NFG shares are potentially undervalued by 12%, with fair value estimates ranging from $40 to $140 per share, indicating upside potential.
NFG is identified as a top momentum stock for the long-term and has recently broken out to new highs, per technical analysis.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $1.54+6.9% vs $1.44 | $537M-4.8% vs $564M |
Q2 2026 Apr 29, 2026 | $2.71-4.9% vs $2.85 | $858M+0.2% vs $857M |
Q1 2026 Jan 28, 2026 | $2.06+7.9% vs $1.91 | $652M-0.3% vs $654M |
Q4 2025 Nov 5, 2025 | $1.22+9.9% vs $1.11 | $456M-11.1% vs $513M |
NFG weighs a split of its upstream and gathering business to sharpen its focus on regulated utility, pipeline and storage.
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WILLIAMSVILLE, N.Y., Sept. 17, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of National Fuel Gas Company (NYSE: NFG) today approved a regular quarterly dividend of 55.5 cents per share on the Company's common stock. The dividend is payable October 15, 2026, to stockholders of record at the close of business on September 30, 2026. The Company has approximately 95.0 million shares of common stock outstanding. It has no preferred stock outstanding.
National Fuel Gas Company said on Thursday its board expects to complete by October 15 its review of plans to split into two publicly traded companies - utility and pipeline, and Appalachian upstream and gathering natural gas business.
Benchmark NFG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for National Fuel Gas Company (NFG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $78.61 | $7.47B | 13.84 | 17.11% | 22.77% | 17.45% | 2.63% | |
| $52.22 | $5.27B | 15.68 | 13.94% | 16.38% | 14.42% | — | |
| $77.39 | $4.58B | 17.71 | -4.5% | 21.62% | 21.39% | — | |
| $82.34 | $5.96B | 13.54 | -62.05% | 29.83% | 12.89% | — | |
| $47.23 | $1.99B | 17.05 | 11.83% | 9.75% | 8.34% | — | |
| $156.24 | $26.08B | 20.94 | 12.91% | 28.5% | 9.67% | — |
National Fuel Gas Company (NFG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
National Fuel Gas Company (NFG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 29, 2026·SEC
Jun 26, 2026·SEC
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National Fuel Gas Company (NFG) stock FAQ — growth, dividends, profitability & financials explained
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 $675.3M in net income for fiscal year 2025 (22.8% net margin).
Yes, National Fuel Gas Company (NFG) pays a dividend with a yield of 2.63%. 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 $222.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
