NFG

National Fuel Gas Company

Recurring revenue Regulated industry Physical products Consumer brand Commodity producerTags from an AI model reading the company description.

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Key Metrics

Previous Close: $76.26
52-Week Range: $75.03 – $97.06
Market Cap: $7.26B
P/E (TTM): 10.64
EPS (TTM): 7.18
Dividend Yield: 2.90%

Advanced Metrics

Price/Book: 1.85
PEG Ratio: 1.55
Return on Equity: 19.58%
Return on Assets: 6.89%
Gross Margin: 63.23%
Operating Margin: 40.07%
Profit Margin: 26.86%
Current Ratio: 3.20
Debt/Equity: 0.91
Total Debt: $3.57B
Free Cash Flow: $-24.77M
Revenue Growth: 1.10%
Earnings Growth: -11.60%
Enterprise Value: $9.60B

NFG Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.19B	$2.17B	$1.94B	$2.28B
Cost of Revenue	$1.28B	$1.33B	$1.13B	$1.23B
Gross Profit	$902.96M	$847.85M	$817.70M	$1.05B
Operating Expenses	$101.18M	$92.70M	$88.85M	$94.38M
Operating Income	$801.78M	$755.15M	$728.85M	$955.26M
EBITDA	$1.18B	$1.18B	$682.98M	$1.31B
Pretax Income	$682.65M	$641.40M	$87.25M	$694.05M
Income Tax	$116.63M	$164.53M	$9.74M	$175.55M
Net Income	$566.02M	$476.87M	$77.51M	$518.50M
Diluted EPS	6.15	5.17	0.84	5.68
Diluted Shares	92.11M	92.29M	92.34M	91.23M

NFG Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$46.05M	$55.45M	$38.22M	$43.17M
Receivables	$411.95M	$222.14M	$178.25M	$225.94M
Inventory	$172.34M	$81.50M	$82.72M	$89.78M
Current Assets	$761.13M	$414.43M	$355.92M	$410.73M
Total Assets	$7.90B	$8.28B	$8.32B	$8.72B
Current Liabilities	$1.94B	$806.31M	$1.10B	$925.76M
Long-Term Debt	$2.08B	$2.38B	$2.19B	$2.38B
Total Debt	$2.69B	$2.67B	$2.78B	$2.83B
Total Liabilities	$5.82B	$5.32B	$5.47B	$5.62B
Retained Earnings	$1.59B	$1.89B	$1.73B	$2.01B
Shareholders' Equity	$2.08B	$2.96B	$2.85B	$3.09B
Working Capital	-$1.18B	-$391.88M	-$739.97M	-$515.04M
Net Debt	$2.65B	$2.62B	$2.74B	$2.79B

NFG Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$812.52M	$1.24B	$1.07B	$1.10B
Capital Expenditure	-$811.83M	-$1.01B	-$931.24M	-$912.82M
Free Cash Flow	$695.00K	$227.21M	$134.72M	$187.21M
Stock-Based Compensation	$19.51M	$20.63M	$22.08M	$19.75M
Investing Cash Flow	-$518.70M	-$1.11B	-$933.90M	-$891.70M
Financing Cash Flow	-$276.24M	-$207.00M	-$149.28M	-$203.38M
Dividends Paid	-$168.15M	-$176.10M	-$183.80M	-$188.44M
Share Repurchases	-$9.59M	-$6.71M	-$68.04M	-$59.09M
Net Change in Cash	$17.58M	-$82.27M	-$17.23M	$4.94M

NFG Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$531.83M	$466.28M	$651.51M	$858.37M	$537.50M
Cost of Revenue	$277.40M	$263.58M	$350.62M	$485.96M	$306.07M
Gross Profit	$254.43M	$202.69M	$300.89M	$372.41M	$231.42M
Operating Expenses	$24.18M	$22.93M	$24.76M	$25.27M	$22.48M
Operating Income	$230.25M	$179.76M	$276.12M	$347.13M	$208.94M
EBITDA	$355.19M	$304.25M	$406.38M	$483.47M	$341.86M
Pretax Income	$200.90M	$149.26M	$240.98M	$330.40M	$184.79M
Income Tax	$51.08M	$41.92M	$59.34M	$82.73M	$46.17M
Net Income	$149.82M	$107.34M	$181.65M	$247.67M	$138.62M
Diluted EPS	1.64	1.18	1.98	2.59	1.45
Diluted Shares	91.14M	91.19M	91.96M	95.69M	95.74M

NFG Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$39.32M	$43.17M	$271.40M	$26.60M	$1.24B
Receivables	$251.64M	$225.94M	$349.40M	$367.72M	$255.41M
Inventory	$66.73M	$89.78M	$89.56M	$71.55M	$66.21M
Current Assets	$408.15M	$410.73M	$758.60M	$507.60M	$1.61B
Total Assets	$8.45B	$8.72B	$9.21B	$9.13B	$10.45B
Current Liabilities	$889.90M	$925.76M	$1.17B	$820.15M	$504.22M
Long-Term Debt	$2.38B	$2.38B	$2.08B	$2.08B	$3.57B
Total Debt	$2.74B	$2.83B	$2.77B	$2.43B	$3.57B
Total Liabilities	$5.47B	$5.62B	$5.62B	$5.30B	$6.53B
Retained Earnings	$1.95B	$2.01B	$2.14B	$2.34B	$2.43B
Shareholders' Equity	$2.98B	$3.09B	$3.59B	$3.82B	$3.92B
Working Capital	-$481.74M	-$515.04M	-$415.37M	-$312.55M	$1.11B
Net Debt	$2.70B	$2.79B	$2.50B	$2.40B	$2.33B

NFG Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$388.41M	$237.75M	$274.92M	$382.36M	$377.26M
Capital Expenditure	-$193.06M	-$285.50M	-$277.63M	-$220.64M	-$266.25M
Free Cash Flow	$195.35M	-$47.75M	-$2.71M	$161.72M	$111.01M
Stock-Based Compensation	$5.23M	$4.03M	$4.09M	$5.85M	$4.86M
Investing Cash Flow	-$192.59M	-$273.74M	-$278.89M	-$218.86M	-$256.47M
Financing Cash Flow	-$247.81M	$39.83M	$232.20M	-$408.30M	$1.09B
Dividends Paid	-$46.55M	-$48.34M	-$48.35M	-$50.83M	-$50.84M
Share Repurchases	-$4.07M	-$524.00K	-$6.36M	-$65.00K	-$14.00K
Net Change in Cash	-$51.99M	$3.85M	$228.23M	-$244.80M	$1.21B

Market Snapshot

About

National Fuel Gas Company is an integrated energy company operating natural gas utility distribution, pipeline transportation, and exploration and production operations. The company serves customers across New York and Pennsylvania while producing natural gas from Appalachian Basin shale wells, providing vertically integrated energy solutions.