NATIONAL FUEL GAS CO NFG
Last close
83.32
2026-09-04
Market cap
$7.92B
2026-06-30 share count
52-week range
75.17 - 97.06
Valuation FY2025 figures against the last close
P/S3.6x
P/E14.7x
P/FCF42.3x
EV/EBITDA8.3x
Dividend yield2.4%
Diluted EPS5.68
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.22B | $1.71B | $2.25B | $3.06B | $1.74B | $1.55B | $1.69B | $1.59B | $1.58B | $1.45B |
| Cost of revenue | $213.4M | $150.1M | $437.6M | $392.1M | $171.8M | $233.9M | $386.3M | $337.8M | — | — |
| Gross profit | $2.01B | $1.56B | $1.82B | $2.67B | $1.57B | $1.31B | $1.31B | $1.25B | — | — |
| SG&A | $75.1M | $70.9M | $65.8M | — | — | — | — | — | — | — |
| Total operating expenses | $1.46B | $1.74B | $1.42B | $1.38B | $1.15B | $1.52B | $1.18B | $1.07B | $986.1M | $1.87B |
| Operating income | $813.5M | $209.7M | $755.1M | $814.5M | $639.9M | $29.9M | $511.8M | $519.7M | $593.8M | -$416.5M |
| Interest expense | $155.8M | $138.7M | $131.9M | $130.4M | $146.4M | $117.1M | $106.8M | $114.5M | $119.8M | $121.0M |
| Pre-tax income | $694.1M | $87.3M | $641.4M | $682.6M | $478.3M | -$105.0M | $389.5M | $384.0M | $444.2M | -$523.5M |
| Income tax | $175.5M | $9.7M | $164.5M | $116.6M | $114.7M | $18.7M | $85.2M | $7.5M | $160.7M | $232.5M |
| Net income | $518.5M | $77.5M | $476.9M | $566.0M | $363.6M | -$123.8M | $304.3M | $391.5M | $283.5M | -$291.0M |
| EPS, basic | 5.73 | 0.84 | 5.20 | 6.19 | 3.99 | -1.41 | 3.53 | 4.56 | 3.32 | -3.43 |
| EPS, diluted | 5.68 | 0.84 | 5.17 | 6.15 | 3.97 | -1.41 | 3.51 | 4.53 | 3.30 | -3.43 |
| Shares, diluted (wtd. avg.) | $91.2M | $92.3M | $92.3M | $92.1M | $91.7M | $88.0M | $86.8M | $86.4M | $86.0M | $84.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $43.2M | $38.2M | $55.4M | $46.0M | $31.5M | $20.5M | $20.4M | $229.6M | $555.5M | $130.0M |
| Receivables | — | — | — | — | — | — | $140.0M | $141.5M | $112.4M | $133.2M |
| Total current assets | $410.7M | $355.9M | $414.4M | $761.1M | $522.4M | $314.2M | $362.6M | $544.6M | $818.3M | $413.0M |
| Property, plant and equipment | $7.71B | $7.34B | $7.30B | $6.57B | $6.38B | $6.00B | $5.51B | $4.98B | $4.67B | $4.45B |
| Goodwill | $5.5M | $5.5M | $5.5M | $5.5M | $5.5M | $5.5M | $5.5M | $5.5M | $5.5M | $5.5M |
| Total assets | $8.72B | $8.32B | $8.28B | $7.90B | $7.46B | $6.96B | $6.46B | $6.04B | $6.10B | $5.64B |
| Accounts payable | $184.0M | $165.1M | $152.2M | $178.9M | $171.7M | $134.1M | $132.2M | $160.0M | $126.4M | $108.1M |
| Short-term debt | $300.0M | $500.0M | $0 | $549.0M | $0 | $0 | $0 | $0 | $300.0M | $0 |
| Total current liabilities | $925.8M | $1.10B | $806.3M | $1.94B | $1.24B | $459.6M | $421.9M | $440.1M | $646.0M | $303.7M |
| Long-term debt | $2.38B | $2.19B | $2.38B | $2.08B | $2.63B | $2.63B | $2.13B | $2.13B | $2.08B | $2.09B |
| Retained earnings | $2.01B | $1.73B | $1.89B | $1.59B | $1.19B | $991.6M | $1.27B | $1.10B | $851.7M | $676.4M |
| Total equity | $3.09B | $2.85B | -$55.1M | -$625.7M | $1.79B | $1.97B | $2.14B | $1.94B | $1.70B | $1.53B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.10B | $1.07B | $1.24B | $812.5M | $791.6M | $740.8M | $694.5M | $615.3M | $684.5M | $589.0M |
| Depreciation and amortisation | $456.6M | $457.0M | $409.6M | $369.8M | $335.3M | $306.2M | $275.7M | $241.0M | $224.2M | $249.4M |
| Stock-based compensation | $19.8M | $22.1M | $20.6M | $19.5M | $17.1M | $14.9M | $21.2M | $15.8M | $12.3M | $5.8M |
| Capital expenditure | $912.8M | $931.2M | $1.01B | $811.8M | $751.7M | $716.2M | $788.9M | $584.0M | $450.3M | $581.6M |
| Investing cash flow | -$891.7M | -$933.9M | -$1.11B | -$518.7M | -$633.2M | -$1.22B | -$799.2M | -$528.9M | -$422.6M | -$453.5M |
| Financing cash flow | -$203.4M | -$149.3M | -$207.0M | -$276.2M | -$58.7M | $476.1M | -$101.1M | -$410.6M | $163.9M | -$119.1M |
| Dividends paid | $188.4M | $183.8M | $176.1M | $168.1M | $163.1M | $153.3M | $147.4M | $143.3M | $139.1M | $134.8M |
| Buybacks | $54.4M | $64.1M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000070145-25-000039.
Others in SIC 4924
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|---|---|---|---|---|
| LNG | Cheniere Energy, Inc. | $60.31B | 12.1x | 26.3% |
| VG | Venture Global, Inc. | $35.89B | 16.8x | 176.9% |
| CQP | Cheniere Energy Partners, L.P. | $33.27B | — | 23.6% |
| ATO | ATMOS ENERGY CORP | $28.32B | 22.5x | 12.9% |
| NJR | NEW JERSEY RESOURCES CORP | $5.42B | 16.0x | 9.9% |
| OGS | ONE Gas, Inc. | $5.02B | 18.3x | — |
| SR | SPIRE INC | $4.89B | 18.9x | -4.5% |
| NWN | Northwest Natural Holding Co | $2.07B | 17.8x | 8.4% |