Companies / NFG National Fuel Gas Co (NFG)
National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. The Integrated Upstream and Gathering segment explores for, develops, and produces natural gas and oil. It also builds, owns, and operates gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and storage services through its underground natural gas storage fields. This segment also transports and stores natural gas for National Fuel Gas Distribution Corporation, as well as for utilities, industrial companies, and power producers in New York State. The Utility segment sells natural gas to retail customers; and provides natural gas utility services to various customers in Buffalo, Niagara Falls, and Jamestown, New York, as well as in Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
Ticker NFG Exchange NYSE Sector Energy Industry Oil & Gas Integrated Market cap $6.98B 52-week range $73.43 - $97.06 Valuation Share price $73.43 (close of Nov 6, 2026) P/E (TTM) 10.14x Price to book 1.78x Price to free cash flow 31.40x Enterprise value $9.31B Book value per share $41.29 Price performance Period Change 1 day -0.73% 5 days -7.69% 1 month -6.28% 3 months -8.93% 6 months -9.91% Year to date -8.28% 1 year -5.85% 3 years +39.02% 5 years +23.79% 10 years +44.89% All time +2,664.42%
Short interest As of Oct 15, 2026 Short % of float 6.48% Shares short 5.24M Days to cover 5.05 Change since prior report +3.71% Source FINRA consolidated short interest Profitability and growth Return on equity 16.76% Return on invested capital 10.76% Return on assets 5.95% Return on capital employed 10.44% Gross margin 90.63% Net margin 22.77% EBITDA margin 55.76% Revenue growth 17.11% Free cash flow growth 38.95% Cash flow and balance sheet Free cash flow yield (TTM) 3.19% Current ratio 3.20x Net debt to EBITDA 1.52x Latest reported year Period end Sep 30, 2025 Fiscal year 2025 Revenue $2.28B Cost of revenue $213.44M Gross profit $2.06B EBITDA $1.27B Net income $518.50M Earnings per share $5.73 Interest expense $155.83M Shares outstanding 90.50M Income statement by year Period end Revenue Gross profit Net income EPS 2025-09-30 $2.28B $2.06B $518.50M $5.73 2024-09-30 $1.94B $1.79B $77.51M $0.84 2023-09-30 $2.17B $1.74B $476.87M $5.20 2022-09-30 $2.19B $1.79B $566.02M $6.19 2021-09-30 $1.74B $1.57B $363.65M $3.99 2020-09-30 $1.55B $1.31B -$123.77M -$1.41 2019-09-30 $1.69B $1.31B $304.29M $3.53 2018-09-30 $1.59B $1.25B $391.52M $4.56 2017-09-30 $1.58B - $283.48M $3.32 2016-09-30 $1.45B - -$290.96M -$3.43
Margins and returns by year Period end Gross margin Net margin Return on equity Return on capital 2025-09-30 90.63% 22.77% 16.76% 10.76% 2024-09-30 92.28% 3.99% 2.72% 3.55% 2023-09-30 79.87% 21.94% 16.09% 10.48% 2022-09-30 82.06% 25.89% 27.21% 14.62% 2021-09-30 90.14% 20.87% 20.36% 11.43% 2020-09-30 84.87% -8.00% -6.28% 0.32% 2019-09-30 77.19% 17.97% 14.23% 9.86% 2018-09-30 78.79% 24.58% 20.21% 12.77% 2017-09-30 - 17.94% 16.64% 10.60% 2016-09-30 - -20.03% -19.05% -5.76%
Cash and debt by year Period end Cash Debt 2025-09-30 $43.17M $2.38B 2024-09-30 $38.22M $2.19B 2023-09-30 $55.45M $2.38B 2022-09-30 $46.05M $2.08B 2021-09-30 $31.53M $2.63B 2020-09-30 $20.54M $2.63B 2019-09-30 $20.43M $2.13B 2018-09-30 $229.61M $2.13B 2017-09-30 $555.53M $2.08B 2016-09-30 $129.97M $2.09B
Free cash flow by year Period end Free cash flow Stock-based compensation 2025-09-30 $187.21M $19.75M 2024-09-30 $134.72M $22.08M 2023-09-30 $227.21M $20.63M 2022-09-30 $695.00K $19.51M 2021-09-30 $39.82M $17.07M 2020-09-30 $24.66M $14.93M 2019-09-30 -$94.45M $21.19M 2018-09-30 $31.30M $15.76M 2017-09-30 $234.17M $12.26M 2016-09-30 $7.40M $5.75M
Dividend history Most recent payment Sep 30, 2026 Paid in the last twelve months $2.18 Payment date Dividend per share 2026-09-30 $0.56 2026-06-30 $0.56 2026-03-31 $0.54 2025-12-31 $0.54 2025-09-30 $0.54 2025-06-30 $0.54 2025-03-31 $0.52 2024-12-31 $0.52
Investor relations Past earnings dates Reported Fiscal period EPS estimate 2026-11-04 Sep 2026 $1.15 2026-07-29 Jun 2026 $1.47 2026-04-29 Mar 2026 $2.85 2026-01-28 Dec 2025 $1.91 2025-11-05 Sep 2025 $1.08 2025-07-30 Jun 2025 $1.50 2025-04-30 Mar 2025 $2.18 2025-01-29 Dec 2024 $1.57
Filings and sources Company website nationalfuel.com SEC filings 10-K, 10-Q and 8-K on EDGAR Earnings calendar All upcoming reports Similar companies Exxon Mobil Corp (XOM) · Chevron Corp (CVX) · Shell plc (SHEL) · BP plc (BP) · Williams Companies, Inc. (WMB) · Kinder Morgan, Inc. (KMI) · Energy Transfer LP (ET) · Targa Resources Corp. (TRGP)
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