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National Fuel Gas (NFG) is a Utilities company in the Russell 1000. Latest news and coverage below.
| FY2016Sep 2016 | FY2017Sep 2017 | FY2018Sep 2018 | FY2019Sep 2019 | FY2020Sep 2020 | FY2021Sep 2021 | FY2022Sep 2022 | FY2023Sep 2023 | FY2024Sep 2024 | FY2025Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.45B | $1.58B | $1.59B | $1.69B | $1.55B | $1.74B | $3.06B | $2.25B | $1.94B | $2.28B |
| Growth (year over year) | — | +8.8% | +0.8% | +6.3% | −8.7% | +12.7% | +75.7% | −26.3% | −13.8% | +17.1% |
| Gross profit | — | — | $1.25B | $1.31B | $1.31B | $1.57B | $2.67B | $1.82B | $1.79B | $2.06B |
| Gross margin | — | — | 78.8% | 77.2% | 84.9% | 90.1% | 87.2% | 80.6% | 92.3% | 90.6% |
| Operating income | −$416.5M | $593.8M | $519.7M | $511.8M | $29.9M | $639.9M | $814.5M | $755.1M | $209.7M | $813.5M |
| Operating margin | −28.7% | 37.6% | 32.6% | 30.2% | 1.9% | 36.7% | 26.6% | 33.5% | 10.8% | 35.7% |
| Net income | −$291.0M | $283.5M | $391.5M | $304.3M | −$123.8M | $363.6M | $566.0M | $476.9M | $77.5M | $518.5M |
| Net margin | −20.0% | 17.9% | 24.6% | 18.0% | −8.0% | 20.9% | 18.5% | 21.1% | 4.0% | 22.8% |
| EPS (diluted) | −$3.43 | $3.30 | $4.53 | $3.51 | −$1.41 | $3.97 | $6.15 | $5.17 | $0.84 | $5.68 |
| Balance sheet | ||||||||||
| Cash and equivalents | $130.0M | $555.5M | $229.6M | $20.4M | $20.5M | $31.5M | $46.0M | $55.4M | $38.2M | $43.2M |
| Total assets | $5.64B | $6.10B | $6.04B | $6.46B | $6.96B | $7.46B | $7.90B | $8.28B | $8.32B | $8.72B |
| Total liabilities | $4.11B | $4.40B | $4.10B | $4.32B | $4.99B | $5.68B | $5.82B | $5.32B | $5.47B | $5.62B |
| Long-term debt | $2.09B | $2.08B | $2.13B | $2.13B | $2.63B | $2.63B | $2.08B | $2.38B | $2.19B | $2.38B |
| Shareholders' equity | $1.53B | $1.70B | $1.94B | $2.14B | $1.97B | $1.79B | −$625.7M | −$55.1M | −$15.5M | $3.09B |
| Cash flow | ||||||||||
| Operating cash flow | $589.0M | $684.5M | $615.3M | $694.5M | $740.8M | $791.6M | $812.5M | $1.24B | $1.07B | $1.10B |
| Capital expenditure | $581.6M | $450.3M | $584.0M | $788.9M | $716.2M | $751.7M | $811.8M | $1.01B | $931.2M | $912.8M |
| Free cash flow | $7.40M | $234.2M | $31.3M | −$94.5M | $24.7M | $39.8M | $695.0K | $227.2M | $134.7M | $187.2M |
| Dividends paid | $134.8M | $139.1M | $143.3M | $147.4M | $153.3M | $163.1M | $168.1M | $176.1M | $183.8M | $188.4M |
| Share buybacks | — | — | — | — | — | — | $0 | $0 | $64.1M | $54.4M |
| Q4 FY24†Sep 2024 | Q1 FY25Dec 2024 | Q2 FY25Mar 2025 | Q3 FY25Jun 2025 | Q4 FY25†Sep 2025 | Q1 FY26Dec 2025 | Q2 FY26Mar 2026 | Q3 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $372.1M | $549.5M | $730.0M | $531.8M | $466.3M | $651.5M | $858.4M | $537.5M |
| Growth (year over year) | +10.4% | +4.6% | +15.9% | +27.4% | +25.3% | +18.6% | +17.6% | +1.1% |
| Gross profit | — | $484.1M | $594.6M | $503.8M | — | $565.9M | $650.5M | $507.6M |
| Gross margin | — | 88.1% | 81.5% | 94.7% | — | 86.9% | 75.8% | 94.4% |
| Operating income | −$196.6M | $86.2M | $317.3M | $230.3M | $179.8M | $276.1M | $347.1M | $208.9M |
| Operating margin | −52.8% | 15.7% | 43.5% | 43.3% | 38.6% | 42.4% | 40.4% | 38.9% |
| Net income | −$167.6M | $45.0M | $216.4M | $149.8M | $107.3M | $181.6M | $247.7M | $138.6M |
| Net margin | −45.1% | 8.2% | 29.6% | 28.2% | 23.0% | 27.9% | 28.9% | 25.8% |
| EPS (diluted) | −$1.81 | $0.49 | $2.37 | $1.64 | $1.18 | $1.98 | $2.59 | $1.45 |
| Balance sheet | ||||||||
| Cash and equivalents | $38.2M | $48.7M | $40.0M | $39.3M | $43.2M | $271.4M | $26.6M | $1.24B |
| Total assets | $8.32B | $8.30B | $8.48B | $8.45B | $8.72B | $9.21B | $9.13B | $10.5B |
| Total liabilities | $5.47B | $5.55B | $5.71B | $5.47B | $5.62B | $5.62B | $5.30B | $6.53B |
| Long-term debt | $2.19B | $2.19B | $2.38B | $2.38B | $2.38B | $2.08B | $2.08B | $3.57B |
| Shareholders' equity | −$15.5M | −$76.2M | $2.77B | $2.98B | $3.09B | $3.59B | $3.82B | $3.92B |
| Cash flow | ||||||||
| Operating cash flow | $197.9M | $220.1M | $253.8M | $388.4M | $237.8M | $274.9M | $382.4M | $377.3M |
| Capital expenditure | $247.0M | $240.4M | $193.8M | $193.1M | $285.5M | $277.6M | $220.6M | $266.2M |
| Free cash flow | −$49.1M | −$20.3M | $59.9M | $195.3M | −$47.8M | −$2.71M | $161.7M | $111.0M |
| Dividends paid | $47.2M | $46.9M | $46.7M | $46.6M | $48.3M | $48.4M | $50.8M | $50.8M |
| Share buybacks | $36.2M | $33.5M | $16.9M | $3.96M | $0 | $0 | $0 | $0 |
From National Fuel Gas's 10-K and 10-Q filings with the SEC; its fiscal year ends in September. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
National Fuel Gas Company is a diversified energy company with $8.7 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
Source: Wikipedia — National Fuel Gas
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