Symbols / NFG $92.98 -0.52%
NFG Chart
About
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.
Fundamentals
Scroll to Statements| Sector | Energy | Industry | Oil & Gas Integrated | Market Cap | 8.84B |
| Enterprise Value | 11.38B | Income | 655.16M | Sales | 2.38B |
| Book/sh | 37.76 | Cash/sh | 2.86 | Dividend Yield | 229.00% |
| Payout | 29.57% | Employees | 2322 | IPO | — |
| P/E | 12.97 | Forward P/E | 11.17 | PEG | — |
| P/S | 3.71 | P/B | 2.46 | P/C | — |
| EV/EBITDA | 7.57 | EV/Sales | 4.78 | Quick Ratio | 0.52 |
| Current Ratio | 0.65 | Debt/Eq | 77.31 | LT Debt/Eq | — |
| EPS (ttm) | 7.17 | EPS next Y | 8.32 | EPS Growth | 3.04% |
| Revenue Growth | 18.60% | Earnings | 2026-04-29 | ROA | 7.39% |
| ROE | 20.66% | ROIC | — | Gross Margin | 65.97% |
| Oper. Margin | 43.45% | Profit Margin | 27.53% | Shs Outstand | 95.03M |
| Shs Float | 93.64M | Short Float | 4.21% | Short Ratio | 4.54 |
| Short Interest | — | 52W High | 97.06 | 52W Low | 69.93 |
| Beta | 0.56 | Avg Volume | 764.84K | Volume | 382.76K |
| Target Price | $99.00 | Recom | None | Prev Close | $93.47 |
| Price | $92.98 | Change | -0.52% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$99.00
Mean price target
2. Current target
$91.78
Latest analyst target
3. DCF / Fair value
$-0.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$91.78
Low
$97.00
High
$101.00
Mean
$99.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-10-09 | down | Scotiabank | Sector Outperform → Sector Perform | $106 |
| 2025-08-13 | main | Scotiabank | Sector Outperform → Sector Outperform | $102 |
| 2025-07-15 | up | B of A Securities | Underperform → Buy | $107 |
| 2025-07-11 | main | Scotiabank | Sector Outperform → Sector Outperform | $98 |
| 2025-05-23 | main | B of A Securities | Underperform → Underperform | $85 |
| 2025-04-29 | main | B of A Securities | Underperform → Underperform | $77 |
| 2025-03-13 | main | JP Morgan | Neutral → Neutral | $81 |
| 2025-01-13 | main | B of A Securities | Underperform → Underperform | $64 |
| 2024-11-12 | main | JP Morgan | Neutral → Neutral | $64 |
| 2024-09-12 | main | JP Morgan | Neutral → Neutral | $62 |
| 2024-08-20 | main | Scotiabank | Sector Outperform → Sector Outperform | $81 |
| 2024-07-12 | main | Scotiabank | Sector Outperform → Sector Outperform | $80 |
| 2024-05-09 | main | Scotiabank | Sector Outperform → Sector Outperform | $75 |
| 2024-04-11 | main | Scotiabank | Sector Outperform → Sector Outperform | $72 |
| 2023-09-14 | up | Scotiabank | Sector Perform → Sector Outperform | $68 |
| 2023-05-24 | main | Argus Research | — → Buy | $58 |
| 2023-05-24 | main | Goldman Sachs | Neutral → Neutral | $54 |
| 2023-02-06 | down | Raymond James | Outperform → Market Perform | — |
| 2023-01-26 | main | Raymond James | — → Outperform | $65 |
| 2023-01-17 | down | Scotiabank | Sector Outperform → Sector Perform | $85 |
News
RSS: Latest NFG news- Why National Fuel Gas (NFG) is a Top Momentum Stock for the Long-Term - Yahoo Finance ue, 17 Mar 2026 13
- National Fuel Gas Breaks Out To New Highs (Technical Analysis) - Seeking Alpha Mon, 16 Mar 2026 12
- 2 No-Brainer Dividend Stocks to Buy Right Now - The Motley Fool ue, 17 Mar 2026 14
- Why National Fuel Gas (NFG) is a top momentum stock for the long term - MSN hu, 19 Mar 2026 07
- National Fuel Gas Company $NFG Shares Sold by Aventail Capital Group LP - MarketBeat Sun, 15 Mar 2026 08
- Does National Fuel Gas’ Steady Dividend Track Record Reveal Its True Investment Story (NFG)? - simplywall.st Mon, 16 Mar 2026 11
- National Fuel Gas Shareholders Back Board, Pay and Auditor - The Globe and Mail Sat, 14 Mar 2026 21
- Responsive Playbooks and the NFG Inflection - Stock Traders Daily Mon, 16 Mar 2026 18
- Value Investing Opportunity: NATIONAL FUEL GAS CO (NYSE:NFG) Offers a Margin of Safety - ChartMill ue, 17 Mar 2026 11
- National Fuel gas company locks in 53.5¢ payout as shareholders back board - Stock Titan hu, 12 Mar 2026 15
- Is It Too Late To Consider National Fuel Gas (NFG) After Its Strong Multi‑Year Rally? - Sahm Sat, 14 Mar 2026 20
- Should NFG’s Strong Earnings and GARP Appeal Require Action From National Fuel Gas (NFG) Investors? - Yahoo Finance Sun, 01 Mar 2026 08
- Gotham Asset Management LLC Increases Stake in National Fuel Gas Company $NFG - MarketBeat Mon, 16 Mar 2026 10
- Algert Global LLC Has $18.11 Million Position in National Fuel Gas Company $NFG - MarketBeat Sun, 15 Mar 2026 07
- Brevan Howard Capital Management LP Lowers Stock Position in National Fuel Gas Company $NFG - MarketBeat Mon, 16 Mar 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 541 | 43791.0 | — | Stock Award(Grant) at price 80.94 per share. | BAUMANN BARBARA M | Director | — | 2026-01-02 00:00:00 | D |
| 1 | 541 | 43791.0 | — | Stock Award(Grant) at price 80.94 per share. | TANSKI RONALD J | Director | — | 2026-01-02 00:00:00 | D |
| 2 | 541 | 43791.0 | — | Stock Award(Grant) at price 80.94 per share. | JAGGERS JOSEPH NEWTON III | Director | — | 2026-01-02 00:00:00 | D |
| 3 | 541 | 43791.0 | — | Stock Award(Grant) at price 80.94 per share. | SHAW JEFFREY W | Director | — | 2026-01-02 00:00:00 | D |
| 4 | 17712 | nan | — | — | BAUER DAVID P | Chief Executive Officer | — | 2025-12-05 00:00:00 | D |
| 5 | 1563 | nan | — | — | KREBS MARTIN A. | Chief Technology Officer | — | 2025-12-05 00:00:00 | D |
| 6 | 780 | nan | — | — | MENDEL ELENA G. | Officer | — | 2025-12-05 00:00:00 | D |
| 7 | 9042 | nan | — | — | LOWETH JUSTIN I. | Officer | — | 2025-12-05 00:00:00 | D |
| 8 | 2780 | nan | — | — | SILVERSTEIN TIMOTHY J | Chief Financial Officer | — | 2025-12-05 00:00:00 | D |
| 9 | 1907 | nan | — | — | DEL VECCHIO JOSEPH N | Officer | — | 2025-12-05 00:00:00 | D |
Financials
| Line Item | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -35.87M | -57.96M | 0.00 | 2.18M |
| TaxRateForCalcs | 0.25 | 0.11 | 0.26 | 0.17 |
| NormalizedEBITDA | 1.45B | 1.20B | 1.18B | 1.17B |
| TotalUnusualItems | -141.80M | -519.13M | 0.00 | 12.74M |
| TotalUnusualItemsExcludingGoodwill | -141.80M | -519.13M | 0.00 | 12.74M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 518.50M | 77.51M | 476.87M | 566.02M |
| ReconciledDepreciation | 456.59M | 457.03M | 409.57M | 369.79M |
| ReconciledCostOfRevenue | 1.23B | 1.13B | 1.33B | 1.28B |
| EBITDA | 1.31B | 682.98M | 1.18B | 1.18B |
| EBIT | 849.89M | 225.95M | 773.28M | 813.01M |
| NetInterestIncome | -155.83M | -138.69M | -131.89M | -130.36M |
| InterestExpense | 155.83M | 138.69M | 131.89M | 130.36M |
| NormalizedIncome | 624.44M | 538.68M | 476.87M | 555.46M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 518.50M | 77.51M | 476.87M | 566.02M |
| TotalExpenses | 1.32B | 1.22B | 1.42B | 1.38B |
| TotalOperatingIncomeAsReported | 813.46M | 209.72M | 755.15M | 814.52M |
| DilutedAverageShares | 91.23M | 92.34M | 92.29M | 92.11M |
| BasicAverageShares | 90.50M | 91.79M | 91.75M | 91.41M |
| DilutedEPS | 5.68 | 0.84 | 5.17 | 6.15 |
| BasicEPS | 5.73 | 0.84 | 5.20 | 6.19 |
| DilutedNIAvailtoComStockholders | 518.50M | 77.51M | 476.87M | 566.02M |
| NetIncomeCommonStockholders | 518.50M | 77.51M | 476.87M | 566.02M |
| NetIncome | 518.50M | 77.51M | 476.87M | 566.02M |
| NetIncomeIncludingNoncontrollingInterests | 518.50M | 77.51M | 476.87M | 566.02M |
| NetIncomeContinuousOperations | 518.50M | 77.51M | 476.87M | 566.02M |
| TaxProvision | 175.55M | 9.74M | 164.53M | 116.63M |
| PretaxIncome | 694.05M | 87.25M | 641.40M | 682.65M |
| OtherIncomeExpense | -105.37M | -502.90M | 18.14M | 11.23M |
| OtherNonOperatingIncomeExpenses | 36.43M | 16.23M | 18.14M | -1.51M |
| SpecialIncomeCharges | -141.80M | -519.13M | 0.00 | 12.74M |
| GainOnSaleOfPPE | 0.00 | 0.00 | 12.74M | 51.07M |
| ImpairmentOfCapitalAssets | 141.80M | 519.13M | 0.00 | 0.00 |
| NetNonOperatingInterestIncomeExpense | -155.83M | -138.69M | -131.89M | -130.36M |
| InterestExpenseNonOperating | 155.83M | 138.69M | 131.89M | 130.36M |
| OperatingIncome | 955.26M | 728.85M | 755.15M | 801.78M |
| OperatingExpense | 94.38M | 88.85M | 92.70M | 101.18M |
| OtherTaxes | 94.38M | 88.85M | 92.70M | 101.18M |
| GrossProfit | 1.05B | 817.70M | 847.85M | 902.96M |
| CostOfRevenue | 1.23B | 1.13B | 1.33B | 1.28B |
| TotalRevenue | 2.28B | 1.94B | 2.17B | 2.19B |
| OperatingRevenue | 2.28B | 1.94B | 2.17B | 2.19B |
| Line Item | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| OrdinarySharesNumber | 90.38M | 91.01M | 91.82M | 91.48M |
| ShareIssued | 90.38M | 91.01M | 91.82M | 91.48M |
| NetDebt | 2.79B | 2.74B | 2.62B | 2.65B |
| TotalDebt | 2.83B | 2.78B | 2.67B | 2.69B |
| TangibleBookValue | 3.09B | 2.84B | 2.96B | 2.07B |
| InvestedCapital | 5.93B | 5.63B | 5.64B | 4.77B |
| WorkingCapital | -515.04M | -739.97M | -391.88M | -1.18B |
| NetTangibleAssets | 3.09B | 2.84B | 2.96B | 2.07B |
| CommonStockEquity | 3.09B | 2.85B | 2.96B | 2.08B |
| TotalCapitalization | 5.48B | 5.04B | 5.35B | 4.16B |
| TotalEquityGrossMinorityInterest | 3.09B | 2.85B | 2.96B | 2.08B |
| StockholdersEquity | 3.09B | 2.85B | 2.96B | 2.08B |
| GainsLossesNotAffectingRetainedEarnings | -59.22M | -15.48M | -55.06M | -625.73M |
| OtherEquityAdjustments | -59.22M | -15.48M | -55.06M | -625.73M |
| RetainedEarnings | 2.01B | 1.73B | 1.89B | 1.59B |
| AdditionalPaidInCapital | 1.05B | 1.05B | 1.04B | 1.03B |
| CapitalStock | 90.38M | 91.01M | 91.82M | 91.48M |
| CommonStock | 90.38M | 91.01M | 91.82M | 91.48M |
| TotalLiabilitiesNetMinorityInterest | 5.62B | 5.47B | 5.32B | 5.82B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 4.70B | 4.38B | 4.51B | 3.87B |
| OtherNonCurrentLiabilities | 542.24M | 563.97M | 564.95M | 565.45M |
| EmployeeBenefits | 5.25M | 3.51M | 2.92M | 3.06M |
| NonCurrentPensionAndOtherPostretirementBenefitPlans | 5.25M | 3.51M | 2.92M | 3.06M |
| TradeandOtherPayablesNonCurrent | 306.33M | 305.64M | 268.56M | 362.10M |
| NonCurrentDeferredLiabilities | 1.23B | 1.11B | 1.12B | 698.23M |
| NonCurrentDeferredTaxesLiabilities | 1.23B | 1.11B | 1.12B | 698.23M |
| LongTermDebtAndCapitalLeaseObligation | 2.38B | 2.19B | 2.38B | 2.08B |
| LongTermDebt | 2.38B | 2.19B | 2.38B | 2.08B |
| LongTermProvisions | 236.79M | 203.01M | 165.49M | 161.54M |
| CurrentLiabilities | 925.76M | 1.10B | 806.31M | 1.94B |
| OtherCurrentLiabilities | 123.26M | 106.17M | 135.61M | 960.79M |
| CurrentDeferredLiabilities | 47.04M | 55.64M | 49.77M | 50.39M |
| CurrentDeferredRevenue | 47.04M | 55.64M | 49.77M | 50.39M |
| CurrentDebtAndCapitalLeaseObligation | 450.20M | 590.70M | 287.50M | 609.00M |
| CurrentDebt | 450.20M | 590.70M | 287.50M | 609.00M |
| OtherCurrentBorrowings | 450.20M | 590.70M | 287.50M | 609.00M |
| CurrentNotesPayable | 287.50M | 60.00M | 158.50M | |
| PensionandOtherPostRetirementBenefitPlansCurrent | 11.57M | 14.13M | 13.05M | 17.47M |
| PayablesAndAccruedExpenses | 293.69M | 329.25M | 320.38M | 304.91M |
| CurrentAccruedExpenses | 60.33M | 74.59M | 63.72M | 82.10M |
| InterestPayable | 14.39M | 27.25M | 20.40M | 17.38M |
| Payables | 233.37M | 254.66M | 256.66M | 222.82M |
| OtherPayable | 968.00K | 42.72M | 59.02M | 419.00K |
| DividendsPayable | 48.35M | 46.87M | 45.45M | 43.45M |
| TotalTaxPayable | 154.00K | |||
| IncomeTaxPayable | 154.00K | |||
| AccountsPayable | 184.05M | 165.07M | 152.19M | 178.94M |
| TotalAssets | 8.72B | 8.32B | 8.28B | 7.90B |
| TotalNonCurrentAssets | 8.31B | 7.96B | 7.87B | 7.14B |
| OtherNonCurrentAssets | 143.87M | 113.98M | 77.03M | 69.78M |
| DefinedPensionBenefit | 169.23M | 180.23M | 200.30M | 196.60M |
| NonCurrentDeferredAssets | 80.18M | 75.27M | 89.66M | 86.36M |
| NonCurrentAccountsReceivable | 89.25M | 80.08M | 69.05M | 106.25M |
| FinancialAssets | 39.39M | 87.91M | 50.49M | 9.18M |
| InvestmentsAndAdvances | 68.35M | 81.70M | 73.98M | 95.03M |
| OtherInvestments | 68.35M | 81.70M | 73.98M | 95.03M |
| GoodwillAndOtherIntangibleAssets | 5.48M | 5.48M | 5.48M | 5.48M |
| Goodwill | 5.48M | 5.48M | 5.48M | 5.48M |
| NetPPE | 7.71B | 7.34B | 7.30B | 6.57B |
| AccumulatedDepreciation | -7.69B | -7.19B | -6.34B | -5.99B |
| GrossPPE | 15.41B | 14.52B | 13.64B | 12.55B |
| CurrentAssets | 410.73M | 355.92M | 414.43M | 761.13M |
| OtherCurrentAssets | 35.36M | 38.26M | 36.37M | 21.36M |
| RestrictedCash | 0.00 | 91.67M | 88.61M | |
| PrepaidAssets | 16.48M | 18.46M | 18.97M | 17.76M |
| Inventory | 89.78M | 82.72M | 81.50M | 172.34M |
| RawMaterials | 89.78M | 82.72M | 81.50M | 172.34M |
| Receivables | 225.94M | 178.25M | 222.14M | 411.95M |
| OtherReceivables | 16.22M | 15.52M | 16.62M | 30.07M |
| TaxesReceivable | 28.92M | 35.50M | 44.92M | 20.25M |
| AccountsReceivable | 180.80M | 127.22M | 160.60M | 361.63M |
| AllowanceForDoubtfulAccountsReceivable | -17.10M | -26.19M | -36.30M | -40.23M |
| GrossAccountsReceivable | 197.90M | 153.42M | 196.90M | 401.85M |
| CashCashEquivalentsAndShortTermInvestments | 43.17M | 38.22M | 55.45M | 46.05M |
| CashAndCashEquivalents | 43.17M | 38.22M | 55.45M | 46.05M |
| Line Item | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| FreeCashFlow | 187.21M | 134.72M | 227.21M | 695.00K |
| RepurchaseOfCapitalStock | -59.09M | -68.04M | -6.71M | -9.59M |
| RepaymentOfDebt | -1.00B | -196.80M | -799.00M | -98.50M |
| IssuanceOfDebt | 1.05B | 299.36M | 774.81M | 0.00 |
| CapitalExpenditure | -912.82M | -931.24M | -1.01B | -811.83M |
| InterestPaidSupplementalData | 159.36M | 125.13M | 124.44M | 124.31M |
| IncomeTaxPaidSupplementalData | 48.88M | 4.13M | 38.10M | 16.68M |
| EndCashPosition | 43.17M | 38.22M | 55.45M | 137.72M |
| BeginningCashPosition | 38.22M | 55.45M | 137.72M | 120.14M |
| ChangesInCash | 4.94M | -17.23M | -82.27M | 17.58M |
| FinancingCashFlow | -203.38M | -149.28M | -207.00M | -276.24M |
| CashFlowFromContinuingFinancingActivities | -203.38M | -149.28M | -207.00M | -276.24M |
| CashDividendsPaid | -188.44M | -183.80M | -176.10M | -168.15M |
| CommonStockDividendPaid | -188.44M | -183.80M | -176.10M | -168.15M |
| NetCommonStockIssuance | -59.09M | -68.04M | -6.71M | -9.59M |
| CommonStockPayments | -59.09M | -68.04M | -6.71M | -9.59M |
| NetIssuancePaymentsOfDebt | 44.14M | 102.56M | -24.19M | -98.50M |
| NetShortTermDebtIssuance | 59.50M | -196.80M | 227.50M | -98.50M |
| ShortTermDebtPayments | 0.00 | -196.80M | -250.00M | -98.50M |
| ShortTermDebtIssuance | 59.50M | 0.00 | 477.50M | 0.00 |
| NetLongTermDebtIssuance | -15.36M | 299.36M | -251.69M | 0.00 |
| LongTermDebtPayments | -1.00B | 0.00 | -549.00M | 0.00 |
| LongTermDebtIssuance | 988.73M | 299.36M | 297.31M | 0.00 |
| InvestingCashFlow | -891.70M | -933.90M | -1.11B | -518.70M |
| CashFlowFromContinuingInvestingActivities | -891.70M | -933.90M | -1.11B | -518.70M |
| NetOtherInvestingChanges | 14.12M | -2.67M | -112.48M | 8.68M |
| NetInvestmentPurchaseAndSale | 7.00M | 0.00 | 10.00M | 30.00M |
| SaleOfInvestment | 7.00M | 0.00 | 10.00M | 30.00M |
| NetPPEPurchaseAndSale | 0.00 | 0.00 | 254.44M | 104.58M |
| SaleOfPPE | 0.00 | 0.00 | 254.44M | 104.58M |
| PurchaseOfPPE | 0.00 | 0.00 | ||
| CapitalExpenditureReported | -912.82M | -931.24M | -1.01B | -811.83M |
| OperatingCashFlow | 1.10B | 1.07B | 1.24B | 812.52M |
| CashFlowFromContinuingOperatingActivities | 1.10B | 1.07B | 1.24B | 812.52M |
| ChangeInWorkingCapital | -185.22M | -31.59M | 158.96M | -247.93M |
| ChangeInOtherWorkingCapital | -8.60M | 5.87M | -624.00K | 13.88M |
| ChangeInOtherCurrentLiabilities | -68.76M | -25.48M | -31.14M | -17.86M |
| ChangeInOtherCurrentAssets | -23.49M | -40.04M | 31.70M | -124.85M |
| ChangeInPayablesAndAccruedExpense | -28.48M | -8.05M | -46.16M | 46.56M |
| ChangeInAccruedExpense | 489.00K | 2.64M | -67.66M | 34.26M |
| ChangeInPayable | -28.97M | -10.68M | 21.50M | 12.30M |
| ChangeInAccountPayable | -28.97M | -10.68M | 21.50M | 12.30M |
| ChangeInInventory | -1.38M | 1.74M | -8.41M | 3.11M |
| ChangeInReceivables | -54.52M | 34.37M | 213.58M | -168.77M |
| OtherNonCashItems | 24.94M | 24.41M | 19.65M | 31.98M |
| StockBasedCompensation | 19.75M | 22.08M | 20.63M | 19.51M |
| AssetImpairmentCharge | 141.80M | 519.13M | 0.00 | 0.00 |
| DeferredTax | 121.27M | -2.61M | 151.40M | 104.42M |
| DeferredIncomeTax | 121.27M | -2.61M | 151.40M | 104.42M |
| DepreciationAmortizationDepletion | 456.59M | 457.03M | 409.57M | 369.79M |
| OperatingGainsLosses | 2.38M | -31.27M | -35.35M | |
| PensionAndEmployeeBenefitExpense | 0.00 | 0.00 | -18.53M | 0.00 |
| GainLossOnSaleOfPPE | -51.07M | |||
| NetIncomeFromContinuingOperations | 518.50M | 77.51M | 476.87M | 566.02M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for NFG
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|