National Fuel Gas Company (NFG) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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NFG EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NFG Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 66.1% | 35.7% | 22.8% |
| 2024 | 42.0% | 10.8% | 4.0% |
| 2023 | 39.0% | 34.7% | 21.9% |
| 2022 | 41.3% | 37.3% | 25.9% |
| 2021 | 43.6% | 36.7% | 20.9% |
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National Fuel Gas Company (NFG) Earnings Overview
As of May 8, 2026, National Fuel Gas Company (NFG) reported trailing twelve-month net income of $686M, reflecting +576.2% year-over-year growth. The company earned $7.17 per diluted share over the past four quarters, with a net profit margin of 22.8%.
Looking at the long-term picture, NFG's historical earnings data spans multiple years. The company achieved its highest annual net income of $566M in fiscal 2022.
National Fuel Gas Company maintains industry-leading profitability with a gross margin of 66.1%, operating margin of 35.7%, and net margin of 22.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including NJR ($341M net income, 16.5% margin), SR ($358M net income, 11.0% margin), SWX ($464M net income, 22.7% margin), NFG has outperformed on profitability metrics. Compare NFG vs NJR →
NFG Earnings vs Peers
Earnings metrics vs comparable public companies
NFG Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $519M | +568.9% | $813M | $5.68 | 22.8% | 35.7% |
| 2024 | $78M | -83.7% | $210M | $0.84 | 4.0% | 10.8% |
| 2023 | $477M | -15.8% | $755M | $5.17 | 21.9% | 34.7% |
| 2022 | $566M | +55.7% | $815M | $6.15 | 25.9% | 37.3% |
| 2021 | $364M | +393.8% | $640M | $3.97 | 20.9% | 36.7% |
| 2020 | -$124M | -140.7% | $30M | $-1.41 | -8.0% | 1.9% |
| 2019 | $304M | -22.3% | $512M | $3.51 | 18.0% | 30.2% |
| 2018 | $392M | +38.1% | $520M | $4.53 | 24.6% | 32.6% |
| 2017 | $283M | +197.4% | $594M | $3.30 | 17.9% | 37.6% |
| 2016 | -$291M | +23.3% | -$417M | $-3.43 | -20.0% | -28.7% |
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Start ComparisonNFG — Frequently Asked Questions
Quick answers to the most common questions about buying NFG stock.
Is NFG growing earnings?
NFG EPS is $7.17, with earnings growth accelerating to +576.2%. This exceeds the 5-year CAGR of N/A. TTM net income reached $686M.
What are NFG's profit margins?
National Fuel Gas Company net margin is +22.8%, with operating margin at +35.7%. Above-average margins indicate pricing power.
How consistent are NFG's earnings?
NFG earnings data spans 1994-2025. The accelerating earnings trend is +576.2% YoY. Historical data enables comparison across business cycles.