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INDICATIVE · SAMPLE DATA
Companies/Utilities/NFG
NFGNYSE$84.3864

NATIONAL FUEL GAS CO

Natural Gas UtilitiesVerified

NATIONAL FUEL GAS CO (NFG) is currently classified as Utilities within Natural Gas Utilities (Utilities). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 9,127,604,000 USD, total equity 3,824,499,000, short-term debt 300,000,000, long-term debt 2,084,882,000. Net cash position is approximately -2,358,286,000 USD. Self-calculated market cap is 7,915,301,255 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 1,546,898,000, gross profit 0, operating income 623,260,000, net income 429,313,000. Return on equity ~11.2%. Return on assets ~4.7%. Operating-cash-flow to net-income ratio is 1.53. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current liabilities exceed current assets.; Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk..

30-day price · NFG-10.48 (-11.2%)
Low$79.22High$96.71Close$82.94As of18 May, 00:00 UTC
Profile
CompanyNATIONAL FUEL GAS CO
ExchangeNYSE
TickerNFG
CIK0000070145
SICNatural Gas Distribution
SectorUtilities
BusinessUtilities
Industry groupUtilities
IndustryNatural Gas Utilities
AI analysis

Business. NATIONAL FUEL GAS CO is classified under Utilities / Natural Gas Utilities and appears profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Natural Gas Utilities, Utilities, Utilities.

NATIONAL FUEL GAS CO (NFG) is currently classified as Utilities within Natural Gas Utilities (Utilities). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 9,127,604,000 USD, total equity 3,824,499,000, short-term debt 300,000,000, long-term debt 2,084,882,000. Net cash position is approximately -2,358,286,000 USD. Self-calculated market cap is 7,915,301,255 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 1,546,898,000, gross profit 0, operating income 623,260,000, net income 429,313,000. Return on equity ~11.2%. Return on assets ~4.7%. Operating-cash-flow to net-income ratio is 1.53. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current liabilities exceed current assets.; Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk..
Key takeaways
  • Observed GAAP P/E is about 18.44x.
  • Return on equity is about 11.2%.
  • Debt to equity is about 0.62x.
Financial snapshot
PeriodQ2 2026
CurrencyUSD
Revenue$1.55B
Gross profit—
Operating income$623.3M
Net income$429.3M
R&D—
SG&A$37.8M
D&A$241.4M
SBC$9.9M
Operating cash flow$657.3M
CapEx$498.3M
Free cash flow$159.0M
Total assets$9.13B
Total liabilities—
Total equity$3.82B
Cash & equivalents$26.6M
Long-term debt$2.08B
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY2025$2.22B$813.5M$518.5M$187.2M
FY2024$1.71B$209.7M$77.5M$134.7M
FY2025$1.71B$209.7M$77.5M$134.7M
FY2023$2.25B$755.1M$476.9M$227.2M
FY2024$2.25B$755.1M$476.9M$227.2M
PeriodGross %Op %Net %FCF %
FY2025————
FY2024————
FY2025————
FY2023————
FY2024————
PeriodAssetsEquityCashDebt
FY2025$8.72B$3.09B$43.2M—
FY2024$8.32B-$15.5M$38.2M—
FY2025$8.32B$2.85B$38.2M—
FY2023$8.28B$2.96B$55.4M—
FY2024$8.28B-$55.1M$55.4M—
PeriodOCFCapExFCFSBC
FY2025$1.10B$912.8M$187.2M$19.8M
FY2024$1.07B$931.2M$134.7M$22.1M
FY2025$1.07B$931.2M$134.7M$22.1M
FY2023$1.24B$1.01B$227.2M$20.6M
FY2024$1.24B$1.01B$227.2M$20.6M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
Q2 2026$1.55B$623.3M$429.3M$159.0M
Q1 2026$637.9M$276.1M$181.6M-$2.7M
Q1 2026————
Q2 2026————
PeriodGross %Op %Net %FCF %
Q2 2026————
Q1 2026————
Q1 2026————
Q2 2026————
PeriodAssetsEquityCashDebt
Q2 2026$9.13B$3.82B$26.6M—
Q1 2026$9.21B$3.59B$271.4M—
Q1 2026$8.72B$3.09B$43.2M—
Q2 2026$8.72B$3.09B$43.2M—
PeriodOCFCapExFCFSBC
Q2 2026$657.3M$498.3M$159.0M$9.9M
Q1 2026$274.9M$277.6M-$2.7M$4.1M
Q1 2026————
Q2 2026————
Valuation
Market price$84.38
Market cap$7.92B
Enterprise value$10.27B
P/E18.4
Reported non-GAAP P/E—
EV/Revenue6.6
EV/Op income16.5
EV/OCF15.6
P/B—
P/Tangible book—
Tangible book—
Net cash-$2.36B
Current ratio0.6
Debt/Equity0.6
ROA4.7%
ROE11.2%
Cash conversion1.5%
CapEx/Revenue32.2%
SBC/Revenue0.6%
Asset intensity0.9
Dilution ratio-1.3%
Risk assessment
Dilution riskMedium
Liquidity riskHigh
  • Current liabilities exceed current assets.
  • Net cash is negative after subtracting total debt.
  • Source documents mention dilution or offering risk.
Industry benchmarks
Activity: Utilities · cohort 10 companies
MetricNFGActivity
Op margin40.3%23.0% medp25 18.0% · p75 24.5%top quartile
Net margin27.8%12.8% medp25 9.6% · p75 14.9%top quartile
Gross margin—36.3% medp25 36.3% · p75 36.3%
R&D / revenue—144.6% medp25 144.6% · p75 144.6%
CapEx / revenue32.2%36.1% medp25 30.7% · p75 43.6%below median
Debt / equity62.0%106.3% medp25 83.9% · p75 133.8%bottom quartile
Observations
IR observations
market data ESG controversies score100.0
market data ESG governance pillar68.6
market data ESG social pillar64.3
market data insider trading score5.0
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
SEC filingstype companyfacts · CIK 0000070145 · 532 us-gaap concepts
data.sec.gov/CIK0000070145.json
2026-05-01 12:13 UTC#49b766a9
Market quoteclose USD 84.38 · shares 0.09B diluted
no public URL
2026-05-01 12:13 UTC#45fbb883
Source: analysis-pipeline (hybrid)Generated: 2026-05-01 12:13 UTCJob: eb2ba381