National Fuel Gas Company

National Fuel Gas Company

80.93
USD
+1.62
(+2.04%)
7.21EPS
10.62P/E
7.34BMarket Cap
Nov 04Next Earn
National Fuel Gas Company
NYSE:NFG
(New York Stock Exchange)

Recent

price

80.93

P/E

ratio

10.62

div

yld

2.64%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
21.63
21.56
19.57
21.91
25.18
20.87
17.12
18.51
18.56
19.64
17.58
19.12
23.91
23.69
21.19
25.17
27.06
Revenue per Share
2.78
3.13
2.65
3.11
3.57
-4.5
-3.43
3.32
4.56
3.53
-1.41
3.99
6.19
5.2
0.84
5.73
7.27
Basic EPS, GAAP
5.65
7.93
7.93
8.84
10.84
10.11
6.94
8.02
7.17
8.05
2.67
8.69
8.89
13.48
11.61
12.15
13.7
Free Cash Flow per Basic Share
1.35
1.39
1.43
1.47
1.51
1.55
1.59
1.63
1.67
1.71
1.74
1.79
1.84
1.92
2
2.08
2.14
Dividend per Share
21.27
22.85
23.52
26.23
28.64
23.94
17.94
19.92
22.54
24.78
21.68
19.59
22.74
32.27
31.3
34.24
41.29
Book Value per Share
21.21
22.78
23.46
26.17
28.58
23.88
17.88
19.85
22.47
24.72
21.62
19.53
22.68
32.21
31.24
34.18
41.23
Tangible Book Value per Share
81
83
83
84
84
84
85
85
86
86
88
91
91
92
92
91
93
Basic Weighted Avg Shares
1,761
1,779
1,627
1,830
2,113
1,761
1,452
1,580
1,593
1,693
1,546
1,743
2,186
2,174
1,945
2,278
2,514
Sales/Revenue/Turnover
25.02
24.8
27.54
28.3
26.96
29.26
36.61
37.58
32.63
30.22
31
38.16
36.68
34.74
37.48
41.94
40.26
Operating Margin (%)
192
227
272
327
384
336
249
224
241
276
306
335
370
410
457
457
482
Depreciation Expense
226
258
220
260
299
-379
-291
283
392
304
-124
364
566
477
78
519
675
Net Income, GAAP
38.51
38.88
40.62
39.92
38.77
- -
- -
36.18
- -
21.88
- -
23.98
17.08
25.65
11.16
25.29
25.42
Effective Tax Rate (%)
12.83
14.53
13.53
14.21
14.17
-21.55
-20.03
17.94
24.58
17.97
-8
20.87
25.89
21.94
3.99
22.77
26.86
Profit Margin (%)
251
-131
-379
147
-113
-70
109
172
105
-59
-145
-714
-1,181
-392
-740
-515
1,110
Working Capital
1,049
899
1,149
1,649
1,637
2,084
2,086
2,084
2,131
2,134
2,630
2,629
2,083
2,384
2,188
2,383
3,567
LT Debt
1,746
1,892
1,960
2,195
2,411
2,025
1,527
1,704
1,937
2,139
1,972
1,786
2,080
2,963
2,848
3,095
3,924
Total Equity
9.29
9.02
8.21
8.5
8.8
- -
- -
9.9
- -
9.58
- -
10.63
14.56
10.87
3.33
10.56
11.42
Return on Invested Capital (%)
9.73
10.25
8.33
8.59
8.95
- -
- -
9.35
- -
9.23
- -
10.32
14.43
11.05
3.56
10.99
11.9
Return on Capital (%)
13.55
14.21
11.43
12.52
13
-17.11
-16.38
17.55
21.51
14.93
-6.02
19.35
29.28
18.91
2.67
17.45
19.58
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
690
341
- -
LT Borrowings
2,084
2,085
3,567
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
95
95
95
Market Capitalization
7,607
8,929
7,338

Working Capital

USD

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
759
508
1,614
Cash, Cash Equivalents & STI
271
27
1,235
Accounts Receivable, Net
266
293
228
Inventories
90
72
66
Total Current Liabilities
1,174
820
504
Payables & Accruals
285
278
333
ST Debt
690
341
- -
Deferred Revenue
47
28
28

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.75%
10.85%
8.65%
Free Cash Flow
20.35%
56.35%
3.2%
Net Income, GAAP
-21.43%
26.26%
568.93%
Sales/Revenue/Turnover
3.39%
8.83%
17.11%
Total Cash Common Dividend
3.73%
4.22%
2.52%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
525
630
417
372
1,945
2025
549
730
532
466
2,278
2026
652
858
537
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.45
1.81
-0.59
-1.84
0.84
2025
0.5
2.39
1.66
1.19
5.73
2026
1.99
2.61
1.46
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.5
0.5
0.52
2
2025
0.52
0.52
0.52
0.53
2.08
2026
0.53
0.53
0.53
- -
- -
Business
National Fuel Gas Company (NYSE: NFG), incorporated in 1902 and headquartered in Williamsville, New York, operates as a diversified energy holding company focused on natural gas across the United States, primarily in the Appalachian Basin, western New York, and northwestern Pennsylvania. The company conducts its activities through three principal segments: Integrated Upstream and Gathering, encompassing exploration, development, production, gathering, and processing of natural gas reserves; Pipeline and Storage, providing interstate transportation and storage services via over 1,600 miles of pipeline and multiple underground fields; and Utility, delivering natural gas sales and transportation to more than 750,000 retail customers through local distribution systems. Subsidiaries include Seneca Resources Company, LLC for exploration and production; National Fuel Gas Supply Corporation and Empire Pipeline, Inc. for pipeline operations; National Fuel Gas Midstream Company, LLC for gathering; and National Fuel Gas Distribution Corporation for utility services. In recent developments, National Fuel announced in fiscal 2025 the $2.62 billion acquisition of CenterPoint Energy's Ohio natural gas utility, expected to close in late 2026 and double its Utility segment rate base; filed with FERC for the Shippingport Lateral Project to add 205,000 dekatherms per day of firm transportation capacity serving a data center with approximately $15 million in annual revenue; and executed a precedent agreement for new firm transportation from Tioga County targeting late 2028 in-service. The company reported strong fiscal 2025 results with adjusted EBITDA of $1.41 billion, up from $1.19 billion in 2024, 21% production growth in the Utica region, its 55th consecutive dividend increase to $2.14 annually, and New York Public Service Commission approval for base delivery rate increases effective January 2025, the first since 2017.

Company News

  • National Fuel Schedules Fourth Quarter and Full Year Fiscal 2026 Earnings Conference Call

  • National Fuel Gas Company (NFG) Discusses Planned Spin-Off of Integrated Upstream and Gathering Business Transcript

  • National Fuel Gas Plans 2027 Spinoff to Create Utility and Appalachian Gas Producer

  • National Fuel Gas Company Announces Plan to Separate Its Integrated Upstream and Gathering Business

  • 10 Dividend Growth Stocks: October 2026

  • National Fuel Acquires CenterPoint's Ohio Gas Utility for $2.62B

  • National Fuel Gas Company Completes Acquisition of CenterPoint Energy's Ohio Natural Gas Utility

  • CenterPoint Energy completes sale of its Ohio natural gas business to National Fuel Gas Company for $2.62 billion

  • National Fuel Gas Company (NFG) to Distribute Quarterly Dividend of $0.56 on October 15th

  • National Fuel Evaluates Split to Strengthen Regulated Business Focus

  • The Dividend Kings Ranked By Quality Scores (September 2026)

  • National Fuel Declares Quarterly Dividend

  • National Fuel board to complete review of plan to split company by October 15

  • National Fuel Gas Company Announces Timeline to Conclude Evaluation of a Plan to Separate into Two Independent Publicly Traded Companies

  • National Fuel Gas explores options for $5 billion natural gas production business, sources say

  • National Fuel Gas Company $NFG Stock Holdings Lifted by California State Teachers Retirement System

  • HighTower Advisors LLC Cuts Position in National Fuel Gas Company $NFG

  • National Fuel Releases its 2025 Corporate Responsibility Report

  • 9,196 Shares in National Fuel Gas Company $NFG Acquired by Freestone Grove Partners LP

  • Beacon Pointe Advisors LLC Acquires New Holdings in National Fuel Gas Company $NFG