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NATIONAL FUEL GAS CO

NFG

Companies in Natural Gas Distribution

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Assets
Property Plant And Equipment Gross
15,83315,61615,40615,04514,83514,67514,52514,24614,05613,85713,63513,327
Accumulated Depreciation Depletion And Amortizatio…
7,9037,8007,6947,5897,4887,3937,1866,8356,5496,4356,3356,246
Property Plant And Equipment Net
7,9307,8167,7137,4567,3477,2827,3397,4117,5087,4227,3007,081
Assets Current
Cash And Cash Equivalents At Carrying Value
2727143394049388151425553
Margin Deposit Assets
------0---00
Assets Held In Trust Current
----51---0---
Accounts And Other Receivables Net Current
293266181223291203127157181190161183
Unbilled Receivables Current
537016154957161547481713
Energy Related Inventory Gas Stored Underground
519331362535149273313
Inventory Raw Materials And Supplies
545051514848484847484948
Unrecovered Costs For Purchased Gas Amount
1321634-0---024
Other Assets Current
6462816479839283859910072
Assets Current
508759411408568465356399419454414407
Assets Noncurrent
Unamortized Loss Reacquired Debt Noncurrent
566775666778
Regulatory Assets Noncurrent
---124119106-747072-63
Deferred Costs
817674717069709089808278
Other Investments
666968747271828079777475
Goodwill
555555555555
Defined Benefit Plan Assets For Plan Benefits Nonc…
183172169199194185180231223208200234
Derivative Instruments And Hedges Noncurrent
11669392021881001961855046
Other Assets Noncurrent
1088888655554
Assets
9,1289,2068,7198,4468,4808,3018,3208,4818,6778,5878,2808,107
Liabilities And Stockhold…
Stockholders Equity Inclu…
Equity
Common Stock Value
959590909091919292929292
Additional Paid In Capital
1,3881,3831,0511,0471,0431,0401,0451,0461,0461,0411,0411,036
Retained Earnings Accumulated Deficit
2,3402,1432,0131,9541,8551,6991,7271,9702,0901,9731,8861,858
Accumulated Other Comprehensive Income Loss Net Of…
1-33-59-116-223-76-1557567-55-49
Stockholders Equity
3,8243,5883,0952,9752,7662,7532,8483,1143,3033,1742,9632,936
Long Term Debt Noncurrent
2,0852,0842,3832,3822,3812,1892,1882,6372,3872,3862,3842,384
Capitalization Longterm Debt And Equity
5,9095,6725,4775,3575,1474,9425,0375,7515,6905,5605,3485,320
Liabilities
Liabilities Current
Short Term Borrowings
419015062208200910279300288139
Long Term Debt Current
30060030030035050050050--00
Accounts Payable Current
1431421841231281211651019410515292
Refundable Gas Costs
001243443436372605922
Dividends Payable Current
515148484747474746464545
Security Deposit Liability
283030293036363731312934
Accrued Liabilities Current
243209175207185172163169184200161261
Derivative Instruments And Hedges Liabilities
006582012153003133
Liabilities Current
8201,1749268901,2031,1991,096517728807806666
Liabilities Noncurrent
Deferred Income Tax Liabilities Net
1,3261,2741,2251,1531,0721,0891,1111,1721,2001,1651,1241,031
Regulatory Liability Noncurrent
---137141148-164165166-191
Pension And Other Postretirement And Postemploymen…
--5---4---3-
Postemployment Benefits Liability Noncurrent
44-333-333-3
Asset Retirement Obligations Noncurrent
228234237188194199203158161165165160
Other Liabilities Noncurrent
106111113116117120120125125120122117
Liabilities Noncurrent
2,3982,3602,3162,1992,1302,1602,1872,2142,2592,2212,1262,121
Commitments And Contingencies
000000000000
Liabilities And Stockholders Equity
9,1289,2068,7198,4468,4808,3018,3208,4818,6778,5878,2808,107
Allowance For Doubtful Accounts Receivable Current
241817242328263340373643
Common Stock Par Or Stated Value Per Share
111111111111
Common Stock Shares Authorized
200200200200200200200200200200200200
Common Stock Shares Issued
959590909091919292929292
Shares Outstanding
959590909091919292929292

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
20265.99%9.17%4.77%-4.10%-10.06%-3.39%------
20253.36%11.16%13.01%4.07%8.19%13.30%0.50%-0.35%-0.68%2.65%-1.55%7.75%
2024-0.04%11.18%11.41%1.19%-0.24%5.93%-0.44%1.88%7.40%-4.45%-1.75%12.91%
2023----2.83%-5.85%-0.47%-1.01%-2.34%0.72%-0.88%-0.17%-7.63%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Liquidity Ratios
Current Ratio
0.62
0.65
0.44
0.46
0.47
0.39
0.32
0.77
0.58
0.56
0.51
0.61
Quick Ratio
0.62
0.65
0.44
0.46
0.47
0.39
0.32
0.77
0.58
0.56
0.51
0.61
Working Capital
-312.55M
-415.37M
-515.04M
-481.74M
-634.69M
-734.70M
-739.97M
-117.91M
-308.92M
-353.64M
-391.88M
-258.41M
Leverage & Debt
Debt to Equity
0.84
0.98
1.05
1.04
1.21
1.22
1.15
0.88
0.90
0.95
0.99
0.95
Interest Coverage TTM
7.86
7.12
5.77
3.11
1.12
0.70
1.71
3.03
4.37
4.21
4.46
7.10
Debt Ratio
0.35
0.38
0.37
0.37
0.39
0.40
0.39
0.32
0.34
0.35
0.35
0.34
Efficiency & Turnover
Asset Turnover TTM
0.28
0.27
0.27
0.26
0.24
0.23
0.23
0.23
0.23
0.24
0.27
0.28
Per Share Metrics
Diluted EPS TTM
7.17
7.12
5.68
2.67
0.43
-0.12
0.84
3.47
5.03
4.76
5.17
6.08
Free Cash Flow Per Share TTM
3.23
2.25
2.07
2.06
0.77
1.00
1.47
0.91
1.27
1.71
2.48
2.90
Dividend Per Share TTM
2.04
2.08
2.08
2.07
2.06
2.04
2.00
1.98
1.96
1.94
1.92
1.90
Margin Metrics
Gross Profit Margin TTM
87.79%
90.18%
90.63%
90.32%
90.90%
91.93%
92.28%
92.04%
90.52%
84.17%
79.87%
78.87%
Operating Profit Margin TTM
41.20%
42.17%
35.72%
20.02%
7.51%
4.51%
10.78%
27.38%
37.74%
34.70%
34.74%
36.06%
Net Profit Margin TTM
27.37%
27.53%
22.77%
11.15%
1.91%
-0.53%
3.99%
16.42%
23.84%
21.58%
21.94%
25.06%
Growth Metrics
Net Revenue Growth (1Y)
21.22%
20.86%
17.11%
12.44%
5.94%
-3.50%
-10.53%
-13.32%
-15.60%
-11.23%
-0.56%
6.32%
Net Income Growth (1Y)
1,635.05%
-6,327.19%
568.93%
-23.61%
-91.50%
-102.39%
-83.75%
-43.20%
-19.29%
-27.04%
-15.75%
13.44%
EPS Growth (1Y)
1,552.41%
-6,300.26%
578.46%
-22.33%
-91.35%
-102.42%
-83.75%
-43.25%
-19.57%
-27.30%
-16.06%
13.01%
Valuation Metrics
P/E TTM
12.91
11.00
15.81
30.65
175.53
-504.04
68.52
14.78
9.96
9.73
9.18
7.65
P/B TTM
2.32
2.01
2.65
2.51
2.51
1.93
1.86
1.51
1.40
1.35
1.48
1.46
P/S TTM
3.53
3.03
3.60
3.42
3.36
2.69
2.73
2.43
2.38
2.10
2.01
1.92
Market Cap
8.87B
7.21B
8.20B
7.46B
6.94B
5.30B
5.31B
4.71B
4.64B
4.28B
4.38B
4.29B
Enterprise Value
11.27B
9.71B
10.99B
10.17B
9.79B
8.14B
8.05B
7.32B
7.25B
6.93B
7.00B
6.76B
Calculated Values
Free Cash Flow TTM
306.61M
204.84M
187.21M
185.87M
70.03M
90.38M
134.73M
83.65M
116.66M
157.35M
227.21M
266.54M
Net Debt
2.40B
2.50B
2.79B
2.70B
2.85B
2.84B
2.74B
2.61B
2.61B
2.64B
2.62B
2.47B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2024-12-05Sale
Owner: Decarolis, Donna L
Title: President - NFG Dist. Corp.
Shares: 10,000
Price/Share: $62.58
Value: $625,800.00
Shares Owned: 81,519
Relationship: Officer
Ownership: Direct
2024-12-02Sale
Owner: Loweth, Justin I
Title: Pres - Seneca Resources
Shares: 19,532
Price/Share: $62.27
Value: $1,216,257.64
Shares Owned: 41,841
Relationship: Officer
Ownership: Direct
2024-09-25Sale
Owner: Reville, Michael W
Title: General Counsel and Secretary
Shares: 1,700
Price/Share: $60.77
Value: $103,309.00
Shares Owned: 8,203
Relationship: Officer
Ownership: Direct
2024-08-14Sale
Owner: Kraemer, Ronald C
Title: Chief Operating Officer
Shares: 7,639
Price/Share: $58.75
Value: $448,791.25
Shares Owned: 38,428
Relationship: Officer
Ownership: Direct
2024-06-21Sale
Owner: Reville, Michael W
Title: General Counsel and Secretary
Shares: 6,357
Price/Share: $54.83
Value: $348,554.31
Shares Owned: 9,903
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
72.05%
Inst. Shares: 68,469,709
Shares Outstanding: 95,026,278
2025-12-31
77.36%
Inst. Shares: 70,527,300
Shares Outstanding: 91,171,715
2025-09-30
72.19%
Inst. Shares: 65,329,480
Shares Outstanding: 90,500,916
2025-06-30
72.61%
Inst. Shares: 65,611,499
Shares Outstanding: 90,358,018
2025-03-31
71.28%
Inst. Shares: 64,509,389
Shares Outstanding: 90,500,162

NATIONAL FUEL GAS CO (NFG) — SEC Financial Statements & Analysis

NATIONAL FUEL GAS CO (NFG) is a natural gas distribution company, incorporated in NJ. NATIONAL FUEL GAS CO trades on NYSE as: NFG. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), NATIONAL FUEL GAS CO reported a 21.22% year-over-year revenue growth, a Gross Profit Margin of 87.79% (TTM), a Debt-to-Equity ratio of 0.84x, a Price-to-Sales (P/S) ratio of 3.53x (TTM), a Price-to-Book (P/B) ratio of 2.32 (TTM), at a market cap of $8.87B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
21.22%
Gross Profit Margin TTM
87.79%
Debt To Equity
0.84x
P/S TTM
3.53x
P/B TTM
2.32
Market Cap
$8.87B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is NATIONAL FUEL GAS CO in?

NATIONAL FUEL GAS CO (NFG) operates in the Natural Gas Distribution industry.

What is NFG's market cap?

NATIONAL FUEL GAS CO (NFG) has a market capitalization of $8.87B as of 2026-03-31.

What is NFG's P/E ratio?

NATIONAL FUEL GAS CO (NFG)'s trailing twelve month P/E ratio is 12.91x as of 2026-03-31.

What exchange does NFG trade on?

NATIONAL FUEL GAS CO (NFG) trades on the NYSE.

Where is NATIONAL FUEL GAS CO incorporated?

NATIONAL FUEL GAS CO is incorporated in NJ.

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NATIONAL FUEL GAS CO (NFG) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 90+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.