National Fuel Gas Company (NFG) Earnings History
Growth Compounder33 years of earnings data (1994–2026) · Consistent double-digit EPS growth over 5 years
Loading earnings history...
National Fuel Gas Company (NFG) Earnings Overview
As of November 8, 2026, National Fuel Gas Company (NFG) reported trailing twelve-month net income of $665M, reflecting +23.6% year-over-year growth. The company earned $6.95 per diluted share over the past four quarters, with a net profit margin of 26.5%.
Looking at the long-term picture, NFG's 5-year EPS compound annual growth rate (CAGR) stands at +12.1%, showing solid earnings momentum. The company achieved its highest annual net income of $665M in fiscal 2026, representing a new all-time high.
National Fuel Gas Company maintains industry-leading profitability with a gross margin of 87.6%, operating margin of 39.3%, and net margin of 26.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including NJR ($366M net income, 16.5% margin), SR ($548M net income, 11.0% margin), SWX ($262M 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 (1994–2026)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $665M | +28.3% | $990M | $7.02 | 26.5% | 39.3% |
| 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% |
| 2015 | -$379M | -226.7% | -$611M | $-4.50 | -21.5% | -34.7% |
| 2014 | $299M | +15.2% | $570M | $3.52 | 14.2% | 27.0% |
| 2013 | $260M | +18.1% | $518M | $3.08 | 14.2% | 28.3% |
| 2012 | $220M | -14.8% | $448M | $2.63 | 13.5% | 27.5% |
| 2011 | $258M | +14.4% | $441M | $3.09 | 14.5% | 24.8% |
| 2010 | $226M | +124.3% | $440M | $2.73 | 12.8% | 25.0% |
| 2009 | $101M | -62.5% | $228M | $1.25 | 4.9% | 11.1% |
| 2008 | $269M | -20.4% | $486M | $3.18 | 11.2% | 20.3% |
| 2007 | $337M | +144.4% | $396M | $3.96 | 16.5% | 19.4% |
| 2006 | $138M | -27.1% | $356M | $1.61 | 6.2% | 15.9% |
| 2005 | $189M | +13.7% | $284M | $2.23 | 10.2% | 15.3% |
| 2004 | $167M | -6.9% | $333M | $2.01 | 8.7% | 17.5% |
| 2003 | $179M | +52.1% | $403M | $2.20 | 9.3% | 21.0% |
| 2002 | $118M | +79.7% | $289M | $1.46 | 8.0% | 19.7% |
| 2001 | $65M | -48.5% | $199M | $0.82 | 3.2% | 9.6% |
| 2000 | $127M | +10.6% | $298M | $1.61 | 9.0% | 21.1% |
| 1999 | $115M | +395.7% | $257M | $1.48 | 9.1% | 20.3% |
| 1998 | $23M | -79.8% | $108M | $0.30 | 1.9% | 8.7% |
| 1997 | $115M | +9.6% | $237M | $1.49 | 9.1% | 18.7% |
| 1996 | $105M | +37.9% | $224M | $1.39 | 8.7% | 18.5% |
| 1995 | $76M | -11.3% | $168M | $1.01 | 7.8% | 17.3% |
| 1994 | $86M | - | $174M | $1.20 | 7.5% | 15.2% |
Download Data
Export NFG earnings history in CSV or JSON format
Free sign-in required to download data
NFG Chart Terminal
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
Live Breakouts Feed
High-probability breakout stocks crossing their pivot across 5 pattern engines.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NFG — Frequently Asked Questions
Quick answers to the most common questions about buying NFG stock.
What is NFG earnings per share (EPS)?
NFG trailing twelve-month (TTM) diluted EPS is $6.95, reflecting +23.6% year-over-year growth. The 5-year EPS CAGR is +12.1%. Complete EPS history from 1994 to 2026 is available in the table on this page.
What is National Fuel Gas Company's net income?
National Fuel Gas Company (NFG) trailing twelve-month net income is $665M as of 2026. Earnings grew +23.6% year-over-year. National Fuel Gas Company has been profitable for 6 consecutive years.
Is NFG profitable?
Yes, NFG is profitable with a TTM net income of $665M and a net profit margin of +26.5%. National Fuel Gas Company has generated profits for 6 consecutive years.
What is NFG's earnings growth rate?
NFG compound annual EPS growth rates (CAGR): 1-Year: +23.6%, 3-Year: +10.7%, 5-Year: +12.1%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2026.
What are NFG's profit margins?
National Fuel Gas Company net profit margin is +26.5%, operating margin is +39.3%, and gross margin is +87.6%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +18.8%.
Is NFG growing earnings?
Yes, NFG earnings are accelerating — EPS growth of +23.6% exceeds the 5-year CAGR of +12.1%. TTM net income reached $665M. Earnings momentum is strengthening.
What was NFG's best earnings year?
National Fuel Gas Company's highest annual net income on record is $665M, achieved in fiscal year 2026. Earnings history on this page spans 1994 to 2026 and includes all annual and quarterly figures.
What were NFG's earnings last quarter?
NFG's most recent reported quarter was Q4 2026. Net income was $98M with diluted EPS of $1.02. For a full breakdown of all quarters, see the quarterly earnings table on this page.