NFG
National Fuel Gas Company
NYSE: NFG · ENERGY · OIL & GAS INTEGRATED
$88.07
-1.29% today
Updated 2026-04-29
Market cap
$8.37B
P/E ratio
12.28
P/S ratio
3.52x
EPS (TTM)
$7.17
Dividend yield
2.38%
52W range
$76 – $97
Volume
0.8M
National Fuel Gas Company (NFG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $2.04B | $2.40B | $2.05B | $1.76B | $1.78B | $1.63B | $1.83B | $2.11B | $1.76B | $1.45B | $1.58B | $1.59B | $1.69B | $1.55B | $1.74B | $2.19B | $2.17B | $1.94B | $2.28B |
| Revenue growth (YoY) | — | -8.9% | +17.7% | -14.5% | -14.2% | +1.0% | -8.5% | +12.5% | +15.5% | -16.7% | -17.5% | +8.8% | +0.8% | +6.3% | -8.7% | +12.7% | +25.4% | -0.6% | -10.5% | +17.1% |
| Cost of revenue | $1.27B | $1.02B | $1.24B | $997.22M | $658.43M | $1.26B | $1.09B | $1.23B | $1.45B | $1.16B | $838.91M | $901.11M | $988.55M | $1.09B | $978.60M | $982.94M | $1.28B | $1.33B | $1.13B | $771.31M |
| Gross profit | $972.11M | $1.02B | $1.17B | $1.05B | $1.10B | $523.06M | $538.34M | $600.27M | $660.38M | $604.77M | $613.50M | $678.77M | $604.12M | $600.70M | $567.70M | $759.72M | $902.96M | $847.85M | $817.70M | $1.51B |
| Gross margin | 43.4% | 50.1% | 48.5% | 51.4% | 62.6% | 29.4% | 33.1% | 32.8% | 31.3% | 34.3% | 42.2% | 43.0% | 37.9% | 35.5% | 36.7% | 43.6% | 41.3% | 39.0% | 42.0% | 66.1% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | $72.16M | $1.13B | $1.11B | $907.27M | $984.95M | $1.16B | $909.55M | $671.21M | $720.96M | $526.80M | $519.60M | $88.40M | $43.65M | $101.18M | — | — | — |
| Operating income | $355.62M | $396.50M | $486.13M | $227.59M | $440.45M | $441.16M | $448.05M | $517.84M | $569.67M | $-611.05M | $-416.52M | $593.78M | $519.72M | $511.81M | $29.86M | $639.92M | $814.52M | $755.15M | $209.72M | $813.46M |
| Operating margin | 15.9% | 19.4% | 20.3% | 11.1% | 25.0% | 24.8% | 27.5% | 28.3% | 27.0% | -34.7% | -28.7% | 37.6% | 32.6% | 30.2% | 1.9% | 36.7% | 37.3% | 34.7% | 10.8% | 35.7% |
| EBITDA | $535.24M | $567.30M | $681.24M | $416.54M | $642.12M | $727.43M | $728.40M | $853.63M | $967.09M | $-262.93M | $-153.05M | $788.20M | $739.51M | $771.93M | $318.20M | $959.99M | $1.18B | $1.18B | $682.98M | $1.31B |
| EBITDA margin | 23.9% | 27.8% | 28.4% | 20.3% | 36.5% | 40.9% | 44.8% | 46.7% | 45.8% | -14.9% | -10.5% | 49.9% | 46.4% | 45.6% | 20.6% | 55.1% | 54.1% | 54.4% | 35.1% | 57.4% |
| EBIT | $355.62M | $396.50M | $510.62M | $243.13M | $450.31M | $500.90M | $456.87M | $526.87M | $583.30M | $-599.09M | $-402.46M | $564.00M | $498.55M | $496.27M | $12.04M | $624.69M | $813.01M | $773.28M | $225.95M | $849.89M |
| Interest expense | $72.63M | $68.45M | $73.97M | $86.79M | $93.95M | $78.12M | $86.24M | $94.11M | $94.28M | $99.47M | $121.04M | $119.84M | $114.52M | $106.76M | $117.08M | $146.36M | $130.36M | $131.89M | $138.69M | $155.83M |
| Income tax | $108.25M | $131.81M | $167.92M | $51.12M | $137.23M | $164.38M | $150.55M | $172.76M | $189.61M | $-319.14M | $-232.55M | $160.68M | $-7.49M | $85.22M | $18.74M | $114.68M | $116.63M | $164.53M | $9.74M | $175.55M |
| Effective tax rate | 43.9% | 28.1% | 38.5% | 33.7% | 37.8% | 38.9% | 40.6% | 39.9% | 38.8% | 45.7% | 44.4% | 36.2% | -2.0% | 21.9% | -17.8% | 24.0% | 17.1% | 25.7% | 11.2% | 25.3% |
| Net income | $138.09M | $337.45M | $268.73M | $100.71M | $225.91M | $258.40M | $220.08M | $260.00M | $299.41M | $-379.43M | $-290.96M | $283.48M | $391.52M | $304.29M | $-123.77M | $363.65M | $566.02M | $476.87M | $77.51M | $518.50M |
| Net income growth (YoY) | — | +144.4% | -20.4% | -62.5% | +124.3% | +14.4% | -14.8% | +18.1% | +15.2% | -226.7% | +23.3% | +197.4% | +38.1% | -22.3% | -140.7% | +393.8% | +55.7% | -15.8% | -83.7% | +568.9% |
| Profit margin | 6.2% | 16.5% | 11.2% | 4.9% | 12.8% | 14.5% | 13.5% | 14.2% | 14.2% | -21.5% | -20.0% | 17.9% | 24.6% | 18.0% | -8.0% | 20.9% | 25.9% | 21.9% | 4.0% | 22.8% |