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National Fuel Gas Company (NFG)
Energy · Oil & Gas Integrated · NYSE
National Fuel Gas Company revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.58B | $1.59B | $1.69B | $1.55B | $1.74B | $2.19B | $2.17B | $1.94B | $2.28B |
| Gross profit | — | — | $1.25B | $1.31B | $1.31B | $1.57B | $1.79B | $1.74B | $1.79B | $2.06B |
| Net income | $-290.96M | $283.48M | $391.52M | $304.29M | $-123.77M | $363.65M | $566.02M | $476.87M | $77.51M | $518.50M |
| Net margin | -20.0% | 17.9% | 24.6% | 18.0% | -8.0% | 20.9% | 25.9% | 21.9% | 4.0% | 22.8% |
Source: National Fuel Gas Company SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into NFG stock?
At today's market cap of $7.34B, National Fuel Gas Company is priced for free-cash-flow growth of about 16.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $187.21M from the FY ending 2025-09-30). For comparison, free cash flow actually grew 50%/yr over the last five fiscal years and revenue 8.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of National Fuel Gas Company financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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National Fuel Gas Company financial history by metric
About National Fuel Gas Company
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.
National Fuel Gas Company — frequently asked questions
What is National Fuel Gas Company's revenue?
National Fuel Gas Company (NFG) reported revenue of $2.28B for fiscal year 2025, up 17.1% from the prior year, according to its SEC filings.
Is National Fuel Gas Company profitable?
Yes. NFG earned net income of $518.50M in fiscal 2025, a net margin of 22.8%.
What is NFG's P/E ratio?
National Fuel Gas Company trades at a price-to-earnings ratio of about 10.4 based on the latest data in our nightly-refreshed cache.
How fast is National Fuel Gas Company growing?
NFG's revenue grew at roughly 8.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does National Fuel Gas Company have?
As of fiscal year 2025, NFG carried roughly $2.83B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is National Fuel Gas Company's gross margin?
NFG's gross margin was 90.6% in fiscal 2025 — gross profit of $2.06B on revenue of $2.28B.
What is National Fuel Gas Company's market cap?
National Fuel Gas Company (NFG) has a market capitalization of about $7.34B, based on the latest data in our nightly-refreshed cache.
When does National Fuel Gas Company's fiscal year end?
NFG's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into NFG stock?
At today's market cap of $7.34B, National Fuel Gas Company is priced for free-cash-flow growth of about 16.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $187.21M from the FY ending 2025-09-30). For comparison, free cash flow actually grew 50%/yr over the last five fiscal years and revenue 8.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from National Fuel Gas Company's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.