National Fuel Gas
NFG
77.68
-0.67
-0.86%
National Fuel Gas
US · NFG
#1746 by market cap
Listed 1970
77.68
-0.67
-0.86%
Live - 5344 symbols - heartbeat 378s ago
· 2026-10-08 08:05
Pre-market
77.68
0.00%
After-hours
77.68
0.00%
- Market cap
- 7.38B
- P/E (TTM)i
- 10.82
- P/Bi
- 1.88
- EPSi
- 5.68
- Div yieldi
- 2.78%
- 52W posi
- 17%
Reader sentiment
Are you bullish or bearish on NFG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.66, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +17.11% YoY
Margins
- Gross margin
- 46.09%
- Operating margin
- 41.94%
- Net margin
- 22.77%
Key ratios & quality
- Enterprise valuei
- 10.17B
- Altman Z-Scorei
- 1.66
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.59B | 1.69B | 1.55B | 1.74B | 2.19B | 2.17B | 1.94B | 2.28B |
| Gross profit | 604.12M | 600.70M | 567.70M | 759.72M | 902.96M | 847.85M | 817.70M | 1.05B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 519.72M | 511.81M | 479.30M | 665.01M | 801.78M | 755.15M | 728.85M | 955.26M |
| Pretax profit | 384.03M | 389.51M | -105.03M | 478.33M | 682.65M | 641.40M | 87.26M | 694.05M |
| Tax | -7.49M | 85.22M | 18.74M | 114.68M | 116.63M | 164.53M | 9.74M | 175.55M |
| Net profit | 391.52M | 304.29M | -123.77M | 363.65M | 566.02M | 476.87M | 77.51M | 518.50M |
| Basic EPS | 5 | 4 | -1 | 4 | 6 | 5 | 1 | 6 |
| Diluted EPS | 4.53 | 3.51 | -1.41 | 3.97 | 6.15 | 5.17 | 0.84 | 5.68 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 729.95M | 531.83M | 466.28M | 651.51M | 858.37M | 537.50M |
| Gross profit | 342.47M | 254.43M | 202.70M | 300.89M | 372.41M | 231.42M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 317.25M | 230.25M | 179.77M | 276.12M | 347.14M | 208.94M |
| Pretax profit | 287.73M | 200.90M | 149.26M | 240.98M | 330.40M | 184.79M |
| Tax | 71.37M | 51.08M | 41.92M | 59.34M | 82.74M | 46.17M |
| Net profit | 216.36M | 149.82M | 107.34M | 181.65M | 247.67M | 138.62M |
| Basic EPS | 2 | 2 | 1 | 2 | 3 | 1 |
| Diluted EPS | 2.37 | 1.64 | 1.18 | 1.98 | 2.59 | 1.45 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 544.59M | 362.62M | 314.20M | 522.45M | 761.13M | 414.43M | 355.92M | 410.73M |
| Cash & ST investments | 229.61M | 20.43M | 20.54M | 31.53M | 46.05M | 55.45M | 38.22M | 43.17M |
| Inventory | 77.84M | 79.60M | 85.22M | 120.36M | 172.34M | 81.50M | 82.73M | 89.78M |
| Total assets | 6.04B | 6.46B | 6.96B | 7.46B | 7.90B | 8.28B | 8.32B | 8.72B |
| Total current liabilities | 440.06M | 421.91M | 459.57M | 1.24B | 1.94B | 806.31M | 1.10B | 925.76M |
| Short-term debt | -- | 55.20M | 30.00M | 158.50M | 609.00M | 287.50M | 590.70M | 450.20M |
| Long-term debt | 2.13B | 2.13B | 2.63B | 2.63B | 2.08B | 2.38B | 2.19B | 2.38B |
| Total liabilities | 4,099,156,000.00 | 4,323,132,000.00 | 4,992,949,000.00 | 5,678,619,000.00 | 5,816,366,000.00 | 5,316,884,000.00 | 5,471,427,000.00 | 5,624,500,000.00 |
| Total equity | 1.94B | 2.14B | 1.97B | 1.79B | 2.08B | 2.96B | 2.85B | 3.09B |
| Retained earnings | 1.10B | 1.27B | 991.63M | 1.19B | 1.59B | 1.89B | 1.73B | 2.01B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 568.47M | 408.16M | 410.73M | 758.60M | 507.60M | 1.61B |
| Cash & ST investments | 39.95M | 39.32M | 43.17M | 271.40M | 26.60M | 1.24B |
| Inventory | 58.43M | 66.74M | 89.78M | 89.56M | 71.55M | 66.21M |
| Total assets | 8.48B | 8.45B | 8.72B | 9.21B | 9.13B | 10.45B |
| Total current liabilities | 1.20B | 889.90M | 925.76M | 1.17B | 820.15M | 504.22M |
| Short-term debt | 558.40M | 361.50M | 450.20M | 690.00M | 341.30M | -- |
| Long-term debt | 2.38B | 2.38B | 2.38B | 2.08B | 2.08B | 3.57B |
| Total liabilities | 5,714,352,000.00 | 5,470,672,000.00 | 5,624,500,000.00 | 5,617,912,000.00 | 5,303,105,000.00 | 6,528,088,000.00 |
| Total equity | 2.77B | 2.98B | 3.09B | 3.59B | 3.82B | 3.92B |
| Retained earnings | 1.86B | 1.95B | 2.01B | 2.14B | 2.34B | 2.43B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 615.30M | 694.48M | 740.81M | 791.55M | 812.52M | 1.24B | 1.07B | 1.10B |
| Depreciation & amortization | 240.96M | 275.66M | 306.16M | 335.30M | 369.79M | 409.57M | 457.03M | 456.59M |
| Free cash flow | 31.30M | -94.46M | -481.60M | 39.82M | 695.00K | 227.21M | 134.73M | 187.21M |
| Dividends paid | -143.26M | -147.42M | -153.32M | -163.09M | -168.15M | -176.10M | -183.80M | -188.44M |
| Stock buybacks / issuance | 4.11M | -8.88M | 161.60M | -3.70M | -9.59M | -6.71M | -68.04M | -59.09M |
| Ending cash balance | 233.05M | 27.26M | 20.54M | 120.14M | 137.72M | 55.45M | 38.22M | 43.17M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 253.78M | 388.41M | 237.75M | 274.92M | 382.36M | 377.26M |
| Depreciation & amortization | 111.28M | 116.41M | 119.54M | 122.03M | 119.33M | 121.06M |
| Free cash flow | 59.95M | 195.35M | -47.75M | -2.71M | 161.72M | 111.01M |
| Dividends paid | -46.67M | -46.56M | -48.34M | -48.35M | -50.83M | -50.84M |
| Stock buybacks / issuance | -17.00M | -4.07M | -524.00K | 340.75M | -8.77M | -21.00K |
| Ending cash balance | 91.31M | 39.32M | 43.17M | 271.40M | 26.60M | 1.24B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 21.51 | 14.93 | -6.02 | 19.35 | 29.28 | 18.91 | 2.67 | 17.45 |
| ROA %i | 6.45 | 4.87 | -1.84 | 5.04 | 7.37 | 5.90 | 0.93 | 6.09 |
| ROIC %i | 11.97 | 9.20 | -0.86 | 10.32 | 14.43 | 11.05 | 3.56 | 10.99 |
| 5-year avg ROE %i | 3.71 | 4.10 | 6.32 | 13.46 | 15.81 | 15.29 | 12.84 | 17.53 |
| EBIT margin %i | 31.30 | 29.31 | 0.78 | 35.85 | 37.19 | 35.57 | 11.62 | 37.32 |
| FCF / sales %i | 1.86 | -- | -- | 2.29 | 0.03 | 10.45 | 6.93 | 8.22 |
| Current ratioi | 1.24 | 0.86 | 0.68 | 0.42 | 0.39 | 0.51 | 0.32 | 0.44 |
| Quick ratioi | 1.00 | 0.58 | 0.43 | 0.22 | 0.24 | 0.34 | 0.20 | 0.29 |
| Debt / assetsi | 35.31 | 33.87 | 38.19 | 37.34 | 34.10 | 32.27 | 33.40 | 32.49 |
| LT debt / equityi | 110.02 | 99.75 | 133.35 | 147.17 | 100.17 | 80.47 | 76.83 | 77.00 |
| Interest coveragei | 4.35 | 4.65 | 0.10 | 4.27 | 6.24 | 5.86 | 1.63 | 5.45 |
| Revenue CAGR (3Y) %i | -3.29 | 5.25 | -0.71 | 3.05 | 8.89 | 12.02 | 3.73 | 1.38 |
| Net income CAGR (3Y) %i | -- | -- | -- | -2.43 | 22.98 | -- | -40.26 | -2.88 |
| FCF CAGR (3Y) %i | -- | -- | -- | 8.36 | -- | -- | 50.12 | 545.82 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 1.30 | 8.00 | 17.45 | 20.67 | 20.83 | 19.58 |
| ROA %i | 0.46 | 2.88 | 6.09 | 7.48 | 7.80 | 7.15 |
| ROIC %i | 2.61 | 6.30 | 10.99 | 12.92 | 13.36 | 12.24 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 8.93 | 21.61 | 37.32 | 43.72 | 42.74 | 41.93 |
| FCF / sales %i | 3.38 | 8.51 | 8.22 | 8.61 | 12.23 | 8.84 |
| Current ratioi | 0.47 | 0.46 | 0.44 | 0.65 | 0.62 | 3.20 |
| Quick ratioi | 0.34 | 0.33 | 0.29 | 0.53 | 0.48 | 2.96 |
| Debt / assetsi | 34.66 | 32.48 | 32.49 | 30.13 | 26.58 | 34.13 |
| LT debt / equityi | 86.10 | 80.05 | 77.00 | 58.08 | 54.51 | 90.92 |
| Interest coveragei | 1.22 | 3.04 | 5.45 | 6.44 | 7.13 | 7.09 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Integrated Upstream and Gathering is the largest reported line at 56.28% of revenue, across 4 reported segments.
- Utility follows at 30.79%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Integrated Upstream and Gathering56.28%
Utility30.79%
Pipeline and Storage19.82%
Quote time 2026-10-08 08:05:17 · For reference only, not investment advice and not tailored to your situation.