NFG · National Fuel Gas Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $909.03M | $651.51M | $531.83M | $734.76M | $549.48M | $417.44M | $629.94M | $814.90M | $428.70M | $717.26M |
| Cost of Revenue | $207.85M | $85.61M | $27.99M | $135.34M | $65.34M | $4.95M | $105.94M | $56.55M | $35.42M | $243.84M |
| Gross Profit | $701.18M | $565.90M | $503.84M | $599.42M | $484.14M | $412.49M | $524.00M | $758.35M | $393.28M | $473.42M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $18.79M | $19.34M | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $511.24M | $375.38M | $301.58M | $412.70M | $463.29M | $468.88M | $379.32M | $318.25M | $274.61M | $495.88M |
| D&A | $119.33M | $122.03M | $116.41M | $111.28M | $109.37M | $113.45M | $118.94M | $115.79M | $102.41M | $100.96M |
| Operating Income | $347.13M | $276.12M | $230.25M | $317.25M | $86.19M | ($51.44M) | $250.62M | $207.11M | $154.10M | $221.38M |
| Interest Expense | $30.08M | $33.51M | $34.33M | $28.45M | $33.36M | $32.88M | - | - | - | - |
| Income Tax | $82.73M | $59.34M | $51.08M | $71.37M | $11.18M | ($28.31M) | $55.33M | $43.09M | $32.94M | $49.94M |
| Net Income | $247.67M | $181.65M | $149.82M | $216.36M | $44.99M | ($54.16M) | $166.27M | $133.02M | $92.62M | $140.88M |
| EPS - Basic | $2.61 | $1.99 | $1.66 | $2.39 | $0.50 | ($0.59) | $1.81 | $1.45 | $1.01 | $1.53 |
| EPS - Diluted | $2.59 | $1.98 | $1.64 | $2.37 | $0.49 | ($0.59) | $1.80 | $1.44 | $1.00 | $1.53 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $26.60M | $271.40M | $43.17M | $39.95M | $48.69M | $38.22M | $50.77M | $41.69M | $55.45M | $71.53M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $143.18M | $141.67M | $184.05M | $127.61M | $120.99M | $165.07M | $94.00M | $105.39M | $152.19M | $119.50M |
| Current Assets | $507.60M | $758.60M | $410.73M | $568.47M | $464.61M | $355.92M | $419.00M | $453.60M | $414.43M | $543.36M |
| Total Assets | $9.13B | $9.21B | $8.72B | $8.48B | $8.30B | $8.32B | $8.68B | $8.59B | $8.28B | $7.97B |
| Current Liabilities | $820.15M | $1.17B | $925.76M | $1.20B | $1.20B | $1.10B | $727.92M | $807.25M | $806.31M | $917.30M |
| Long-term Debt | $2.08B | $2.08B | $2.38B | $2.38B | $2.19B | $2.19B | $2.39B | $2.39B | $2.38B | $2.09B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $3.82B | $3.59B | $3.09B | $2.77B | ($76.15M) | ($15.48M) | ($54.86M) | ($55.06M) | $2.96B | $2.88B |
| Retained Earnings | $2.34B | $2.14B | $2.01B | $1.86B | $1.70B | $1.73B | $2.09B | $1.97B | $1.89B | $1.81B |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $274.92M | - | - | $220.09M | - | - | $270.94M | - | - |
| Investing Cash Flow | - | ($278.89M) | - | - | ($234.55M) | - | - | ($247.86M) | - | - |
| Financing Cash Flow | - | $232.20M | - | - | $24.93M | - | - | ($36.85M) | - | - |
| CapEx | - | $277.63M | - | - | $240.43M | - | - | $246.94M | - | - |
| Free Cash Flow | - | ($2.71M) | - | - | ($20.34M) | - | - | $24.01M | - | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 77.1% | 86.9% | 94.7% | 81.6% | 88.1% | 98.8% | 83.2% | 93.1% | 91.7% | 66.0% |
| Operating margin | 38.2% | 42.4% | 43.3% | 43.2% | 15.7% | -12.3% | 39.8% | 25.4% | 35.9% | 30.9% |
| EBITDA margin | 51.3% | 61.1% | 65.2% | 58.3% | 35.6% | 14.9% | 58.7% | 39.6% | 59.8% | 44.9% |
| Net margin | 27.2% | 27.9% | 28.2% | 29.4% | 8.2% | -13.0% | 26.4% | 16.3% | 21.6% | 19.6% |
| Free cash flow margin | - | -0.4% | - | - | -3.7% | - | - | 2.9% | - | - |
| FCF / Net income | - | -0.01 | - | - | -0.45 | - | - | 0.18 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.1% | 3.0% | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.0% | 24.6% | 25.4% | 24.8% | 19.9% | - | 25.0% | 24.5% | 26.2% | 26.2% |
| Return on assets | 2.7% | 2.0% | 1.7% | 2.6% | 0.5% | -0.7% | 1.9% | 1.5% | 1.1% | 1.8% |
| Return on equity | 6.5% | 5.1% | 4.8% | 7.8% | -59.1% | 349.9% | -303.1% | -241.6% | 3.1% | 4.9% |
| Return on invested capital | 4.4% | 3.7% | 3.1% | 4.6% | 3.3% | -1.9% | 8.1% | 6.7% | 2.1% | 3.3% |
| Liquidity | ||||||||||
| Current ratio | 0.62 | 0.65 | 0.44 | 0.47 | 0.39 | 0.32 | 0.58 | 0.56 | 0.51 | 0.59 |
| Quick ratio | 0.62 | 0.65 | 0.44 | 0.47 | 0.39 | 0.32 | 0.58 | 0.56 | 0.51 | 0.59 |
| Cash ratio | 0.03 | 0.23 | 0.05 | 0.03 | 0.04 | 0.03 | 0.07 | 0.05 | 0.07 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | 0.55 | 0.58 | 0.77 | 0.86 | -28.75 | -141.40 | -43.50 | -43.33 | 0.80 | 0.72 |
| Debt / Assets | 0.23 | 0.23 | 0.27 | 0.28 | 0.26 | 0.26 | 0.28 | 0.28 | 0.29 | 0.26 |
| Debt / EBITDA | 4.47 | 5.23 | 6.87 | 5.56 | 11.20 | 35.29 | 6.46 | 7.39 | 9.30 | 6.47 |
| Interest coverage | 11.5x | 8.2x | 6.7x | 11.2x | 2.6x | -1.6x | - | - | - | - |
| Equity multiplier | 2.39 | 2.57 | 2.82 | 3.07 | -109.01 | -537.59 | -158.16 | -155.97 | 2.79 | 2.77 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | 0.07 | 0.06 | 0.09 | 0.07 | 0.05 | 0.07 | 0.09 | 0.05 | 0.09 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 251d | 604d | 2400d | 344d | 676d | 12167d | 324d | 680d | 1568d | 179d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 36.3x | 40.4x | 56.3x | 33.4x | 123.8x | - | 29.8x | 34.8x | 51.9x | 37.7x |
| P / B | 2.4x | 2.1x | 2.7x | 2.6x | - | - | - | - | 1.6x | 1.9x |
| P / S | 9.9x | 11.3x | 15.8x | 9.8x | 10.1x | 13.3x | 7.9x | 5.7x | 11.2x | 7.4x |
| EV / EBITDA | 23.7x | 23.0x | 31.0x | 22.3x | 39.3x | 124.5x | 19.8x | 21.6x | 27.8x | 22.8x |
| Growth | ||||||||||
| Revenue growth (YoY) | 23.7% | 18.6% | 27.4% | 16.6% | -32.6% | -2.6% | -12.2% | 23.7% | -14.7% | 2.2% |
| Revenue CAGR (3y) | 8.2% | -0.4% | 1.9% | 1.5% | 0.2% | 1.9% | 4.6% | 22.7% | 9.9% | 13.5% |
| Revenue CAGR (5y) | 10.5% | 8.1% | 10.5% | 8.4% | 4.3% | 3.2% | 2.7% | 10.3% | 4.2% | - |
| Gross profit growth (YoY) | 17.0% | 16.9% | 22.1% | 14.4% | -36.2% | 4.9% | 10.7% | 55.5% | -9.5% | -5.7% |
| Operating income growth (YoY) | 9.4% | 220.4% | - | 26.6% | -58.4% | - | 13.2% | -18.6% | -14.7% | -10.1% |
| Net income growth (YoY) | 14.5% | 303.8% | - | 30.1% | -66.2% | - | 18.0% | -21.6% | -14.4% | -15.8% |
| EPS growth (YoY) | 9.3% | 304.1% | - | 31.7% | -66.0% | - | 17.6% | -21.7% | -14.5% | -15.9% |
| EPS CAGR (3y) | 19.2% | 2.5% | 11.9% | 9.2% | -30.2% | - | 13.5% | 19.2% | 28.6% | - |
| EPS CAGR (5y) | 16.1% | 18.4% | 28.4% | - | -13.3% | - | 11.6% | 4.1% | 6.5% | 7.6% |
| FCF growth (YoY) | - | 86.7% | - | - | - | - | - | -74.4% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 38.3% | - | - | - | -38.3% | - | - | - | 42.5% | 54.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Business segments
$6.71B totalTotal Reportable Segments$2.43B · 36.2%
Integrated Upstream And Gathering And Other$1.18B · 17.7%
Integrated Upstream And Gathering$1.18B · 17.7%
Utility$817.63M · 12.2%
Total Utility$817.27M · 12.2%
Pipeline And Storage$276.13M · 4.1%
Product / service
$2.25B totalNatural Gas Production$1.10B · 49.1%
Natural Gas Residential Sales$596.99M · 26.6%
Oil And Gas Service$324.18M · 14.4%
Natural Gas Storage$100.29M · 4.5%
Natural Gas Commercial Sales$84.52M · 3.8%
Product And Service Other$18.05M · 0.8%
Natural Gas Midstream$11.81M · 0.5%
Natural Gas Industrial Sales$4.40M · 0.2%
Productionof Crude Oil$1.84M · 0.1%
Natural Gas Processing$1.20M · 0.1%
Peer comparison
Same SIC group: Natural Gas Distribution
Comparing NATIONAL FUEL GAS CO against the 5 most active filers in the same SIC group.
Dividends
$2.14/share trailing 12 months · +3.9% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.5350 |
| Dec 31, 2025 | $0.5350 |
| Sep 30, 2025 | $0.5350 |
| Jun 30, 2025 | $0.5350 |
| Mar 31, 2025 | $0.5150 |
| Dec 31, 2024 | $0.5150 |
| Sep 30, 2024 | $0.5150 |
| Jun 28, 2024 | $0.5150 |
| Mar 27, 2024 | $0.4950 |
| Dec 28, 2023 | $0.4950 |
| Sep 28, 2023 | $0.4950 |
| Jun 29, 2023 | $0.4950 |
| Mar 30, 2023 | $0.4750 |
| Dec 29, 2022 | $0.4750 |
| Sep 29, 2022 | $0.4750 |
| Jun 29, 2022 | $0.4750 |
| Mar 30, 2022 | $0.4550 |
| Dec 30, 2021 | $0.4550 |
| Sep 29, 2021 | $0.4550 |
| Jun 29, 2021 | $0.4550 |
| Mar 30, 2021 | $0.4450 |
| Dec 30, 2020 | $0.4450 |
| Sep 29, 2020 | $0.4450 |
| Jun 29, 2020 | $0.4450 |