NATIONAL FUEL GAS CO NFG

Utilities SIC 4924 - Natural Gas Distribution NAICS Utilities › Natural Gas Distribution derived NYSE

Last close 80.53 2026-10-23
Market cap $7.65B 2026-06-30 share count
52-week range 75.03 - 97.06

Valuation FY2025 figures against the last close

P/S3.4x
P/E14.2x
P/FCF40.9x
EV/EBITDA8.1x
Dividend yield2.5%
Diluted EPS5.68

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 5.730.845.206.193.99-1.413.534.563.32-3.43
EPS, diluted 5.680.845.176.153.97-1.413.514.533.30-3.43
Shares, diluted (wtd. avg.) 91.2M92.3M92.3M92.1M91.7M88.0M86.8M86.4M86.0M84.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2016: 1.5B Net income, FY2016: -291M Revenue, FY2017: 1.6B Net income, FY2017: 283.5M Revenue, FY2018: 1.6B Gross profit, FY2018: 1.3B Net income, FY2018: 391.5M Revenue, FY2019: 1.7B Gross profit, FY2019: 1.3B Net income, FY2019: 304.3M Revenue, FY2020: 1.5B Gross profit, FY2020: 1.3B Net income, FY2020: -123.8M Revenue, FY2021: 1.7B Gross profit, FY2021: 1.6B Net income, FY2021: 363.6M Revenue, FY2022: 3.1B Gross profit, FY2022: 2.7B Net income, FY2022: 566M Revenue, FY2023: 2.3B Gross profit, FY2023: 1.8B Net income, FY2023: 476.9M Revenue, FY2024: 1.7B Gross profit, FY2024: 1.6B Net income, FY2024: 77.5M Revenue, FY2025: 2.2B Gross profit, FY2025: 2B Net income, FY2025: 518.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.45B $1.58B $1.59B $1.69B $1.55B $1.74B $3.06B $2.25B $1.71B $2.22B
Gross profit — — $1.25B $1.31B $1.31B $1.57B $2.67B $1.82B $1.56B $2.01B
Net income -$291.0M $283.5M $391.5M $304.3M -$123.8M $363.6M $566.0M $476.9M $77.5M $518.5M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4924

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ATO ATMOS ENERGY CORP $29.10B 23.1x 12.9%
NJR NEW JERSEY RESOURCES CORP $5.39B 16.0x 9.9%
SR SPIRE INC $5.04B 19.5x -4.5%
OGS ONE Gas, Inc. $4.90B 17.8x —
NWN Northwest Natural Holding Co $2.10B 18.0x 8.4%