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National Fuel Gas (NFG) Financials

National Fuel Gas logo
$81.96 -0.01 (-0.01%)
As of 02:55 PM Eastern
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Annual Income Statements for National Fuel Gas

Annual Income Statements for National Fuel Gas

This table shows National Fuel Gas' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Net Income / (Loss) Attributable to Common Shareholders
78 477 566 364 -124 304 392 283 -291 -379
Consolidated Net Income / (Loss)
78 477 566 364 -124 304 392 283 -291 -379
Net Income / (Loss) Continuing Operations
78 477 566 364 -124 304 392 283 -291 -379
Total Pre-Tax Income
87 641 683 478 -105 390 384 444 -524 -699
Total Operating Income
210 755 815 640 30 512 520 594 -417 -611
Total Gross Profit
1,275 1,257 1,273 1,095 874 876 845 1,178 1,011 941
Total Revenue
1,945 2,174 2,186 1,743 1,546 1,693 1,593 1,580 1,452 1,761
Operating Revenue
1,945 2,174 2,186 1,743 1,546 1,693 1,593 1,580 1,452 1,761
Total Cost of Revenue
670 916 913 648 672 817 748 402 442 820
Operating Cost of Revenue
670 916 913 648 672 817 748 402 442 820
Total Operating Expenses
1,065 502 458 455 844 365 325 584 1,427 1,552
Depreciation Expense
457 410 370 335 306 276 241 224 249 336
Other Operating Expenses / (Income)
89 93 101 95 88 89 84 360 230 90
Impairment Charge
519 0.00 0.00 76 449 0.00 0.00 0.00 948 1,126
Other Special Charges / (Income)
0.00 0.00 -13 -51 0.00 - - - - -
Total Other Income / (Expense), net
-122 -114 -132 -162 -135 -122 -136 -150 -107 -88
Interest Expense
139 132 130 146 117 107 115 120 121 99
Other Income / (Expense), net
16 18 -1.51 -15 -18 -16 -21 -30 9.82 8.04
Income Tax Expense
9.74 165 117 115 19 85 -7.49 161 -233 -319
Basic Earnings per Share
$0.84 $5.20 $6.19 $3.99 ($1.41) $3.53 $4.56 $3.32 ($3.43) ($4.50)
Weighted Average Basic Shares Outstanding
91.79M 91.75M 91.41M 91.13M 87.97M 86.24M 85.83M 85.36M 84.85M 84.39M
Diluted Earnings per Share
$0.84 $5.17 $6.15 $3.97 ($1.41) $3.51 $4.53 $3.30 ($3.43) ($4.50)
Weighted Average Diluted Shares Outstanding
92.34M 92.29M 92.11M 91.68M 87.97M 86.77M 86.44M 86.02M 84.85M 84.39M
Weighted Average Basic & Diluted Shares Outstanding
90.82M 91.83M 91.49M 91.19M 90.97M 86.20M 85.90M 85.40M 84.80M 84.30M
Cash Dividends to Common per Share
$2.02 $1.94 $1.86 $1.80 $1.76 $1.72 $1.68 $1.64 $1.60 $1.56

Quarterly Income Statements for National Fuel Gas

This table shows National Fuel Gas' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
216 45 -168 -54 166 133 74 93 141 170 158
Consolidated Net Income / (Loss)
216 45 -168 -54 166 133 74 93 141 170 158
Net Income / (Loss) Continuing Operations
216 45 -168 -54 166 133 74 93 141 170 158
Total Pre-Tax Income
288 56 -228 -82 222 176 98 126 191 227 140
Total Operating Income
317 86 -197 -51 251 207 125 154 221 254 178
Total Gross Profit
454 359 253 284 393 345 256 277 348 377 295
Total Revenue
730 549 372 417 630 525 369 429 717 659 435
Operating Revenue
730 549 372 417 630 525 369 429 717 659 435
Total Cost of Revenue
276 190 119 134 237 180 113 152 370 282 140
Operating Cost of Revenue
276 190 119 134 237 180 113 152 370 282 140
Total Operating Expenses
136 273 449 335 142 138 130 123 126 123 117
Depreciation Expense
111 109 109 113 119 116 110 102 101 97 94
Other Operating Expenses / (Income)
25 22 22 21 23 22 21 20 25 26 23
Impairment Charge
0.00 142 - 201 - 0.00 - 0.00 - - -
Total Other Income / (Expense), net
-30 -30 -31 -31 -29 -31 -28 -29 -31 -27 -38
Interest Expense
45 38 35 34 35 35 33 32 33 33 33
Other Income / (Expense), net
15 7.72 3.24 3.19 6.07 3.73 5.39 3.55 2.88 6.32 -4.80
Income Tax Expense
71 11 -60 -28 55 43 24 33 50 58 -19
Basic Earnings per Share
$2.39 $0.50 ($1.83) ($0.59) $1.81 $1.45 $0.81 $1.01 $1.53 $1.85 $1.73
Weighted Average Basic Shares Outstanding
90.50M 90.78M 91.79M 91.87M 92.11M 91.91M 91.75M 91.80M 91.79M 91.58M 91.41M
Diluted Earnings per Share
$2.37 $0.49 ($1.81) ($0.59) $1.80 $1.44 $0.80 $1.00 $1.53 $1.84 $1.72
Weighted Average Diluted Shares Outstanding
91.18M 91.43M 92.34M 91.87M 92.51M 92.44M 92.29M 92.29M 92.26M 92.27M 92.11M
Weighted Average Basic & Diluted Shares Outstanding
90.35M 90.61M 90.82M 91.36M 91.92M 92.13M 91.83M 91.82M 91.80M 91.80M 91.49M
Cash Dividends to Common per Share
$0.52 $0.52 - $0.52 $0.50 $0.50 - $0.50 $0.48 $0.48 -

Annual Cash Flow Statements for National Fuel Gas

This table details how cash moves in and out of National Fuel Gas' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Net Change in Cash & Equivalents
-17 -82 18 100 -6.72 -206 -324 426 16 77
Net Cash From Operating Activities
1,066 1,237 813 792 741 694 615 685 589 854
Net Cash From Continuing Operating Activities
1,066 1,237 813 792 741 694 615 685 589 854
Net Income / (Loss) Continuing Operations
78 477 566 364 -124 304 392 283 -291 -379
Consolidated Net Income / (Loss)
78 477 566 364 -124 304 392 283 -291 -379
Depreciation Expense
457 410 370 335 306 276 241 224 249 336
Non-Cash Adjustments To Reconcile Net Income
573 45 25 71 472 20 35 33 965 1,130
Changes in Operating Assets and Liabilities, net
-42 306 -149 22 87 94 -52 144 -334 -233
Net Cash From Investing Activities
-934 -1,112 -519 -633 -1,224 -799 -529 -423 -453 -1,025
Net Cash From Continuing Investing Activities
-934 -1,112 -519 -633 -1,224 -799 -529 -423 -453 -1,025
Purchase of Property, Plant & Equipment
-931 -1,010 -812 -752 -1,222 -789 -584 -450 -582 -1,018
Acquisitions
0.00 -125 0.00 0.00 - - - - - -
Divestitures
0.00 0.00 254 0.00 0.00 - 56 27 137 0.00
Sale and/or Maturity of Investments
0.00 10 30 0.00 0.00 - - - - -
Other Investing Activities, net
-2.67 12 8.68 119 -1.21 -10 -0.39 1.22 -9.24 -6.61
Net Cash From Financing Activities
-149 -207 -276 -59 476 -101 -411 164 -119 248
Net Cash From Continuing Financing Activities
-149 -207 -276 -59 476 -101 -411 164 -119 248
Repayment of Debt
0.00 -799 0.00 -516 0.00 0.00 -567 0.00 0.00 -86
Repurchase of Common Equity
-68 -6.71 -9.59 -3.70 0.00 -8.88 0.00 0.00 - -
Payment of Dividends
-184 -176 -168 -163 -153 -147 -143 -139 -135 -131
Issuance of Debt
103 775 -99 624 468 55 295 295 0.00 445
Cash Interest Paid
125 124 124 135 103 103 126 117 120 91
Cash Income Taxes Paid
4.13 38 17 6.37 0.00 0.00 32 35 34 19

Quarterly Cash Flow Statements for National Fuel Gas

This table details how cash moves in and out of National Fuel Gas' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
43 10 -43 31 9.08 -14 2.03 -18 -175 108 -449
Net Cash From Operating Activities
254 220 198 282 315 271 182 344 384 327 159
Net Cash From Continuing Operating Activities
254 220 198 282 315 271 182 344 384 327 159
Net Income / (Loss) Continuing Operations
216 45 -168 -54 166 133 74 93 141 170 158
Consolidated Net Income / (Loss)
216 45 -168 -54 166 133 74 93 141 170 158
Depreciation Expense
111 109 109 113 119 116 110 102 101 97 94
Non-Cash Adjustments To Reconcile Net Income
9.61 153 330 219 9.41 15 2.57 10 18 14 7.87
Changes in Operating Assets and Liabilities, net
-83 -88 -73 3.51 21 7.35 -3.88 139 124 47 -102
Net Cash From Investing Activities
-191 -235 -248 -202 -235 -248 -283 -344 -276 -209 -224
Net Cash From Continuing Investing Activities
-191 -235 -248 -202 -235 -248 -283 -344 -276 -209 -224
Purchase of Property, Plant & Equipment
-194 -240 -247 -202 -235 -247 -282 -231 -263 -233 -219
Other Investing Activities, net
3.00 5.88 -1.30 -0.18 -0.27 -0.92 -1.12 12 -13 15 -4.85
Net Cash From Financing Activities
-20 25 7.20 -49 -71 -37 103 -18 -283 -10 -384
Net Cash From Continuing Financing Activities
-20 25 7.20 -49 -71 -37 103 -18 -283 -10 -384
Repayment of Debt
-1,063 109 - - - - - -250 -399 -150 -
Repurchase of Common Equity
-17 -37 -36 -24 -4.25 -3.90 -0.01 -0.00 - -6.69 -0.20
Payment of Dividends
-47 -47 -47 -46 -46 -45 -45 -44 -44 -43 -43

Annual Balance Sheets for National Fuel Gas

This table presents National Fuel Gas' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Total Assets
8,320 8,280 7,896 7,465 6,965 6,462 6,036 6,103 5,636 6,565
Total Current Assets
356 414 761 522 314 363 545 818 413 376
Cash & Equivalents
38 55 46 32 21 20 230 556 130 114
Accounts Receivable
143 177 392 222 161 159 166 135 152 126
Inventories, net
83 81 73 87 85 77 74 70 68 65
Other Current Assets
92 100 250 181 48 106 76 58 63 72
Plant, Property, & Equipment, net
7,339 7,300 6,566 6,384 5,998 5,510 4,977 4,674 4,454 5,332
Plant, Property & Equipment, gross
14,525 13,635 12,552 13,104 12,352 11,205 10,440 9,946 9,540 9,261
Accumulated Depreciation
7,186 6,335 5,985 6,719 6,354 5,695 5,463 5,271 5,085 3,929
Total Noncurrent Assets
625 566 569 558 653 590 515 611 769 857
Long-Term Investments
82 74 95 150 155 145 133 125 111 93
Goodwill
5.48 5.48 5.48 5.48 5.48 5.48 5.48 5.48 5.48 5.48
Noncurrent Deferred & Refundable Income Taxes
80 69 106 122 118 115 115 181 177 168
Employee Benefit Assets
180 200 197 149 76 61 83 56 18 24
Other Noncurrent Operating Assets
277 217 165 132 298 264 179 242 458 566
Total Liabilities & Shareholders' Equity
8,320 8,280 7,896 7,465 6,965 6,462 6,036 6,103 5,636 6,565
Total Liabilities
5,471 5,317 5,816 5,679 4,993 4,323 4,099 4,400 4,109 4,539
Total Current Liabilities
1,096 806 1,943 1,236 460 422 440 646 304 446
Short-Term Debt
591 288 609 159 30 55 0.00 300 0.00 0.00
Accounts Payable
165 152 179 172 134 132 160 126 108 180
Accrued Expenses
163 161 257 194 140 140 133 112 74 97
Customer Deposits
36 29 24 19 17 16 26 20 16 16
Dividends Payable
47 45 43 41 40 38 37 36 34 33
Current Deferred Revenue
19 21 26 17 15 13 14 16 15 16
Other Current Liabilities
47 90 786 616 55 9.59 52 1.10 21 67
Other Current Nonoperating Liabilities
27 20 17 17 28 19 19 35 35 36
Total Noncurrent Liabilities
4,376 4,511 3,874 4,442 4,533 3,901 3,659 3,754 3,806 4,093
Long-Term Debt
2,188 2,384 2,083 2,629 2,630 2,134 2,131 2,084 2,086 2,084
Asset Retirement Reserve & Litigation Obligation
647 443 610 656 584 492 467 425 406 450
Noncurrent Deferred & Payable Income Tax Liabilities
1,417 1,393 1,060 1,015 1,054 1,020 883 987 917 1,228
Noncurrent Employee Benefit Liabilities
3.51 2.92 3.07 7.53 127 134 66 149 277 203
Other Noncurrent Operating Liabilities
120 287 117 136 139 - - - - -
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
2,848 2,963 2,080 1,786 1,972 2,139 1,937 1,704 1,527 2,025
Total Preferred & Common Equity
2,848 2,963 2,080 1,786 1,972 2,139 1,937 1,704 1,527 2,025
Total Common Equity
2,848 2,963 2,080 1,786 1,972 2,139 1,937 1,704 1,527 2,025
Common Stock
1,136 1,133 1,119 1,109 1,095 919 906 882 856 829
Retained Earnings
1,727 1,886 1,587 1,191 992 1,273 1,099 852 676 1,103
Accumulated Other Comprehensive Income / (Loss)
-15 -55 -626 -514 -115 -52 -68 -30 -5.64 93

Quarterly Balance Sheets for National Fuel Gas

This table presents National Fuel Gas' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 12/31/2024 6/30/2024 3/31/2024 12/31/2023 6/30/2023 3/31/2023 12/31/2022 6/30/2022
Total Assets
8,480 8,301 8,481 8,677 8,587 8,107 7,967 8,135 8,112
Total Current Assets
568 465 399 419 454 407 543 873 1,150
Cash & Equivalents
40 49 81 51 42 53 72 244 433
Accounts Receivable
340 260 172 227 238 197 318 420 418
Inventories, net
55 73 63 56 75 61 52 67 52
Other Current Assets
133 83 83 85 99 96 102 141 248
Plant, Property, & Equipment, net
7,347 7,282 7,411 7,508 7,422 7,081 6,816 6,699 6,385
Plant, Property & Equipment, gross
14,835 14,675 14,246 14,056 13,857 13,327 12,978 12,773 12,300
Accumulated Depreciation
7,488 7,393 6,835 6,549 6,435 6,246 6,162 6,075 5,914
Total Noncurrent Assets
564 555 671 751 712 618 608 563 576
Long-Term Investments
72 71 80 79 77 75 75 73 97
Goodwill
5.48 5.48 5.48 5.48 5.48 5.48 5.48 5.48 5.48
Noncurrent Deferred & Refundable Income Taxes
89 84 81 77 73 105 104 107 126
Employee Benefit Assets
194 185 231 223 208 234 225 207 188
Other Noncurrent Operating Assets
204 209 275 366 349 199 199 171 161
Total Liabilities & Shareholders' Equity
8,480 8,301 8,481 8,677 8,587 8,107 7,967 8,135 8,112
Total Liabilities
5,714 5,549 5,368 5,374 5,413 5,171 5,089 5,598 6,108
Total Current Liabilities
1,203 1,199 517 728 807 666 917 1,535 2,166
Short-Term Debt
558 700 50 279 300 139 410 649 949
Accounts Payable
128 121 101 94 105 92 119 168 145
Accrued Expenses
185 172 169 184 200 261 258 239 254
Customer Deposits
30 36 37 31 31 34 34 29 25
Dividends Payable
47 47 47 46 46 45 44 44 43
Current Deferred Revenue
0.00 15 0.00 0.00 23 0.00 0.00 31 0.00
Other Current Liabilities
236 63 66 72 60 55 38 332 704
Other Current Nonoperating Liabilities
19 44 47 23 42 40 14 43 45
Total Noncurrent Liabilities
4,511 4,349 4,851 4,646 4,606 4,505 4,171 4,063 3,942
Long-Term Debt
2,381 2,189 2,637 2,387 2,386 2,384 2,085 2,084 2,082
Asset Retirement Reserve & Litigation Obligation
635 644 611 615 615 624 616 616 607
Noncurrent Deferred & Payable Income Tax Liabilities
1,375 1,393 1,475 1,516 1,482 1,378 1,355 1,240 1,114
Noncurrent Employee Benefit Liabilities
3.40 3.48 2.74 2.80 2.86 2.92 2.98 3.00 4.73
Other Noncurrent Operating Liabilities
117 120 125 125 120 117 112 119 133
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
2,766 2,753 3,114 3,303 3,174 2,936 2,879 2,537 2,004
Total Preferred & Common Equity
2,766 2,753 3,114 3,303 3,174 2,936 2,879 2,537 2,004
Total Common Equity
2,766 2,753 3,114 3,303 3,174 2,936 2,879 2,537 2,004
Common Stock
1,133 1,130 1,138 1,138 1,133 1,128 1,123 1,117 1,114
Retained Earnings
1,855 1,699 1,970 2,090 1,973 1,858 1,810 1,713 1,472
Accumulated Other Comprehensive Income / (Loss)
-223 -76 5.05 75 67 -49 -55 -294 -583

Annual Metrics And Ratios for National Fuel Gas

This table displays calculated financial ratios and metrics derived from National Fuel Gas' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
-10.53% -0.56% 25.44% 12.70% -8.68% 6.32% 0.81% 8.78% -17.52% -16.67%
EBITDA Growth
-42.26% 0.01% 23.21% 201.69% -58.78% 4.38% -6.18% 601.14% 41.06% -127.71%
EBIT Growth
-70.78% -4.89% 30.15% 5,086.70% -97.57% -0.46% -11.60% 238.68% 32.56% -204.12%
NOPAT Growth
-66.82% -16.87% 38.82% 2,227.68% -94.77% -24.54% 39.82% 229.98% 31.84% -222.63%
Net Income Growth
-83.75% -15.75% 55.65% 393.80% -140.68% -22.28% 38.11% 197.43% 23.32% -226.72%
EPS Growth
-83.75% -15.94% 54.91% 381.56% -140.17% -22.52% 37.27% 196.21% 23.78% -227.84%
Operating Cash Flow Growth
-13.83% 52.25% 2.65% 6.85% 6.67% 12.87% -10.11% 16.22% -31.00% -6.14%
Free Cash Flow Firm Growth
155.49% -173.27% -22.42% 296.49% -402.71% -123.15% -28.78% 43.90% 172.89% -1,716.90%
Invested Capital Growth
0.17% 18.75% 5.41% -1.62% 7.25% 12.13% 8.20% 1.02% -13.35% -2.45%
Revenue Q/Q Growth
0.16% -2.96% -14.21% 41.28% -0.34% 0.25% 0.14% -0.35% -0.59% -3.59%
EBITDA Q/Q Growth
-32.23% -2.22% 4.54% 47.58% -44.37% 1.74% -0.32% 1.18% 71.39% -237.46%
EBIT Q/Q Growth
-58.92% -5.19% 5.29% 95.98% -95.56% 0.34% -1.99% 1.79% 50.03% -244.45%
NOPAT Q/Q Growth
-54.60% -15.40% 14.44% 87.30% -82.98% 1.85% -7.92% 10.66% 49.48% -235.16%
Net Income Q/Q Growth
-75.69% -15.05% -39.53% 217.30% -279.24% 3.15% -1.90% 2.91% -197.93% 31.37%
EPS Q/Q Growth
-75.65% -15.11% 14.31% 189.78% -276.25% 3.54% -1.95% 2.80% 44.05% -186.62%
Operating Cash Flow Q/Q Growth
1.52% 1.93% 5.01% 0.36% -0.93% 4.00% -5.55% 0.64% -1.98% -4.78%
Free Cash Flow Firm Q/Q Growth
91.96% -102.62% -4.30% 1,965.87% -1,947.92% 38.47% -33.14% -8.94% 734.81% -18.28%
Invested Capital Q/Q Growth
-2.66% 2.89% 2.12% -0.17% 7.07% 2.43% 3.53% 1.53% -0.51% -0.67%
Profitability Metrics
- - - - - - - - - -
Gross Margin
65.55% 57.85% 58.22% 62.84% 56.51% 51.75% 53.06% 74.58% 69.60% 53.43%
EBITDA Margin
35.12% 54.42% 54.11% 55.09% 20.58% 45.59% 46.43% 49.89% -10.83% -15.15%
Operating Margin
10.78% 34.74% 37.26% 36.72% 1.93% 30.23% 32.63% 37.58% -28.68% -34.70%
EBIT Margin
11.62% 35.57% 37.19% 35.85% 0.78% 29.31% 31.30% 35.70% -28.00% -34.24%
Profit (Net Income) Margin
3.99% 21.94% 25.89% 20.87% -8.00% 17.97% 24.58% 17.94% -20.03% -21.55%
Tax Burden Percent
88.84% 74.35% 82.92% 76.02% 117.84% 78.12% 101.95% 63.82% 55.58% 54.32%
Interest Burden Percent
38.62% 82.94% 83.97% 76.57% -872.08% 78.49% 77.03% 78.75% 128.72% 115.85%
Effective Tax Rate
11.17% 25.65% 17.08% 23.98% 0.00% 21.88% -1.95% 36.18% 0.00% 0.00%
Return on Invested Capital (ROIC)
3.34% 10.94% 14.77% 10.84% 0.48% 10.02% 14.64% 10.95% -7.86% -10.63%
ROIC Less NNEP Spread (ROIC-NNEP)
-0.73% 7.70% 10.63% 6.13% -5.77% 5.13% 6.95% 5.78% -7.83% -7.96%
Return on Net Nonoperating Assets (RNNOA)
-0.67% 7.97% 14.51% 8.51% -6.50% 4.91% 6.87% 6.59% -8.52% -6.47%
Return on Equity (ROE)
2.67% 18.91% 29.28% 19.35% -6.02% 14.93% 21.51% 17.55% -16.38% -17.11%
Cash Return on Invested Capital (CROIC)
3.17% -6.20% 9.50% 12.48% -6.52% -1.42% 6.77% 9.94% 6.44% -8.15%
Operating Return on Assets (OROA)
2.72% 9.56% 10.59% 8.66% 0.18% 7.94% 8.21% 9.61% -6.67% -9.07%
Return on Assets (ROA)
0.93% 5.90% 7.37% 5.04% -1.84% 4.87% 6.45% 4.83% -4.77% -5.71%
Return on Common Equity (ROCE)
2.67% 18.91% 29.28% 19.35% -6.02% 14.93% 21.51% 17.55% -16.38% -17.11%
Return on Equity Simple (ROE_SIMPLE)
2.72% 16.09% 27.21% 20.36% -6.28% 14.23% 20.21% 16.64% -19.05% -18.73%
Net Operating Profit after Tax (NOPAT)
186 561 675 486 21 400 530 379 -292 -428
NOPAT Margin
9.58% 25.83% 30.89% 27.92% 1.35% 23.61% 33.27% 23.99% -20.07% -24.29%
Net Nonoperating Expense Percent (NNEP)
4.07% 3.24% 4.14% 4.71% 6.25% 4.89% 7.69% 5.18% -0.03% -2.68%
Cost of Revenue to Revenue
34.45% 42.15% 41.78% 37.16% 43.49% 48.25% 46.94% 25.42% 30.40% 46.57%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
54.76% 23.11% 20.96% 26.12% 54.58% 21.53% 20.43% 36.99% 98.28% 88.13%
Earnings before Interest and Taxes (EBIT)
226 773 813 625 12 496 499 564 -407 -603
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
683 1,183 1,183 960 318 772 740 788 -157 -267
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.94 1.55 2.52 2.45 1.65 1.59 2.03 2.24 2.31 1.55
Price to Tangible Book Value (P/TBV)
1.95 1.55 2.52 2.45 1.65 1.60 2.03 2.25 2.32 1.56
Price to Revenue (P/Rev)
2.85 2.11 2.40 2.51 2.10 2.01 2.47 2.42 2.43 1.78
Price to Earnings (P/E)
71.44 9.63 9.25 12.01 0.00 11.21 10.03 13.48 0.00 0.00
Dividend Yield
3.33% 3.88% 3.25% 3.76% 4.93% 4.35% 3.68% 3.67% 3.86% 4.20%
Earnings Yield
1.40% 10.39% 10.81% 8.33% 0.00% 8.92% 9.97% 7.42% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.47 1.28 1.66 1.57 1.27 1.29 1.51 1.59 1.56 1.26
Enterprise Value to Revenue (EV/Rev)
4.21 3.28 3.56 4.00 3.71 3.21 3.58 3.50 3.70 2.85
Enterprise Value to EBITDA (EV/EBITDA)
12.00 6.03 6.58 7.26 18.01 7.04 7.70 7.01 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
36.27 9.23 9.58 11.16 475.78 10.95 11.42 9.80 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
43.99 12.71 11.53 14.33 274.17 13.59 10.75 14.58 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
7.69 5.77 9.59 8.81 7.74 7.82 9.26 8.07 9.12 5.88
Enterprise Value to Free Cash Flow (EV/FCFF)
46.41 0.00 17.93 12.45 0.00 0.00 23.26 16.07 22.48 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.98 0.90 1.29 1.56 1.35 1.02 1.10 1.40 1.37 1.03
Long-Term Debt to Equity
0.77 0.80 1.00 1.47 1.33 1.00 1.10 1.22 1.37 1.03
Financial Leverage
0.92 1.04 1.37 1.39 1.13 0.96 0.99 1.14 1.09 0.81
Leverage Ratio
2.86 3.21 3.97 3.84 3.27 3.07 3.33 3.63 3.43 3.00
Compound Leverage Factor
1.10 2.66 3.34 2.94 -28.48 2.41 2.57 2.86 4.42 3.47
Debt to Total Capital
49.38% 47.41% 56.42% 60.94% 57.42% 50.58% 52.38% 58.32% 57.74% 50.71%
Short-Term Debt to Total Capital
10.50% 5.10% 12.76% 3.47% 0.65% 1.28% 0.00% 7.34% 0.00% 0.00%
Long-Term Debt to Total Capital
38.89% 42.31% 43.66% 57.48% 56.78% 49.30% 52.38% 50.98% 57.74% 50.71%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
50.62% 52.59% 43.58% 39.06% 42.58% 49.42% 47.62% 41.68% 42.26% 49.29%
Debt to EBITDA
4.07 2.26 2.28 2.90 8.36 2.84 2.88 3.02 -13.26 -7.81
Net Debt to EBITDA
3.89 2.15 2.16 2.71 7.81 2.62 2.39 2.16 -11.73 -7.04
Long-Term Debt to EBITDA
3.20 2.02 1.76 2.74 8.26 2.76 2.88 2.64 -13.26 -7.81
Debt to NOPAT
14.92 4.76 3.99 5.73 127.25 5.47 4.02 6.29 -7.16 -4.87
Net Debt to NOPAT
14.27 4.53 3.78 5.36 118.87 5.06 3.34 4.49 -6.33 -4.39
Long-Term Debt to NOPAT
11.75 4.25 3.08 5.40 125.81 5.34 4.02 5.50 -7.16 -4.87
Altman Z-Score
1.11 1.35 1.26 1.08 0.79 1.25 1.39 1.31 0.73 0.60
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.32 0.51 0.39 0.42 0.68 0.86 1.24 1.27 1.36 0.84
Quick Ratio
0.17 0.29 0.23 0.21 0.39 0.42 0.90 1.07 0.93 0.54
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
177 -318 434 560 -285 -57 245 344 239 -328
Operating Cash Flow to CapEx
114.47% 122.50% 100.09% 105.30% 60.60% 88.03% 105.36% 152.00% 101.27% 83.83%
Free Cash Flow to Firm to Interest Expense
1.27 -2.41 3.33 3.83 -2.43 -0.53 2.14 2.87 1.97 -3.30
Operating Cash Flow to Interest Expense
7.69 9.38 6.23 5.41 6.33 6.51 5.37 5.71 4.87 8.58
Operating Cash Flow Less CapEx to Interest Expense
0.97 1.72 0.01 0.27 -4.11 -0.88 0.27 1.95 0.06 -1.65
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.23 0.27 0.28 0.24 0.23 0.27 0.26 0.27 0.24 0.26
Accounts Receivable Turnover
12.16 7.64 7.12 9.10 9.68 10.44 10.58 11.02 10.47 11.69
Inventory Turnover
8.16 11.86 11.40 7.51 8.27 10.82 10.44 5.83 6.65 12.43
Fixed Asset Turnover
0.27 0.31 0.34 0.28 0.27 0.32 0.33 0.35 0.30 0.32
Accounts Payable Turnover
4.22 5.53 5.21 4.24 5.05 5.59 5.22 3.43 3.06 5.17
Days Sales Outstanding (DSO)
30.03 47.76 51.26 40.13 37.72 34.96 34.48 33.14 34.85 31.21
Days Inventory Outstanding (DIO)
44.73 30.77 32.02 48.59 44.12 33.73 34.97 62.62 54.92 29.36
Days Payable Outstanding (DPO)
86.41 65.95 70.06 86.17 72.28 65.28 69.93 106.55 119.23 70.57
Cash Conversion Cycle (CCC)
-11.66 12.59 13.22 2.55 9.56 3.41 -0.48 -10.80 -29.46 -10.00
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
5,581 5,572 4,692 4,451 4,525 4,219 3,762 3,477 3,442 3,972
Invested Capital Turnover
0.35 0.42 0.48 0.39 0.35 0.42 0.44 0.46 0.39 0.44
Increase / (Decrease) in Invested Capital
9.69 880 241 -73 306 457 285 35 -530 -100
Enterprise Value (EV)
8,196 7,134 7,788 6,973 5,730 5,433 5,696 5,525 5,372 5,020
Market Capitalization
5,537 4,591 5,237 4,367 3,246 3,410 3,926 3,822 3,526 3,142
Book Value per Share
$31.18 $32.27 $22.74 $19.59 $21.68 $24.78 $22.54 $19.93 $17.97 $23.95
Tangible Book Value per Share
$31.12 $32.21 $22.68 $19.53 $21.62 $24.72 $22.48 $19.86 $17.90 $23.89
Total Capital
5,627 5,635 4,772 4,573 4,632 4,328 4,069 4,087 3,613 4,109
Total Debt
2,779 2,672 2,692 2,787 2,660 2,189 2,131 2,384 2,086 2,084
Total Long-Term Debt
2,188 2,384 2,083 2,629 2,630 2,134 2,131 2,084 2,086 2,084
Net Debt
2,659 2,543 2,551 2,606 2,485 2,024 1,769 1,703 1,846 1,877
Capital Expenditures (CapEx)
931 1,010 812 752 1,222 789 584 450 582 1,018
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-187 -160 -618 -587 -136 -25 -125 -83 -21 -184
Debt-free Net Working Capital (DFNWC)
-149 -104 -572 -555 -115 -4.09 105 472 109 -70
Net Working Capital (NWC)
-740 -392 -1,181 -714 -145 -59 105 172 109 -70
Net Nonoperating Expense (NNE)
109 85 109 123 145 96 138 95 -0.60 -48
Net Nonoperating Obligations (NNO)
2,733 2,608 2,612 2,665 2,553 2,080 1,825 1,773 1,915 1,947
Total Depreciation and Amortization (D&A)
457 410 370 335 306 276 241 224 249 336
Debt-free, Cash-free Net Working Capital to Revenue
-9.64% -7.35% -28.29% -33.67% -8.79% -1.45% -7.85% -5.27% -1.42% -10.45%
Debt-free Net Working Capital to Revenue
-7.68% -4.80% -26.19% -31.86% -7.46% -0.24% 6.56% 29.89% 7.53% -3.99%
Net Working Capital to Revenue
-38.05% -18.03% -54.04% -40.95% -9.40% -3.50% 6.56% 10.90% 7.53% -3.99%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.84 $5.20 $6.19 $3.99 ($1.41) $3.53 $4.56 $3.32 ($3.43) ($4.50)
Adjusted Weighted Average Basic Shares Outstanding
91.79M 91.75M 91.41M 91.13M 87.97M 86.24M 85.83M 85.36M 84.85M 84.39M
Adjusted Diluted Earnings per Share
$0.84 $5.17 $6.15 $3.97 ($1.41) $3.51 $4.53 $3.30 ($3.43) ($4.50)
Adjusted Weighted Average Diluted Shares Outstanding
92.34M 92.29M 92.11M 91.68M 87.97M 86.77M 86.44M 86.02M 84.85M 84.39M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $3.53 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
90.82M 91.83M 91.49M 91.19M 90.97M 86.32M 85.96M 85.58M 85.16M 84.63M
Normalized Net Operating Profit after Tax (NOPAT)
647 561 665 506 336 400 364 379 372 361
Normalized NOPAT Margin
33.29% 25.83% 30.41% 29.01% 21.70% 23.61% 22.84% 23.99% 25.63% 20.48%
Pre Tax Income Margin
4.49% 29.51% 31.23% 27.45% -6.79% 23.00% 24.11% 28.11% -36.04% -39.67%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
1.63 5.86 6.24 4.27 0.10 4.65 4.35 4.71 -3.36 -6.06
NOPAT to Interest Expense
1.34 4.26 5.18 3.32 0.18 3.75 4.63 3.16 -2.41 -4.30
EBIT Less CapEx to Interest Expense
-5.09 -1.79 0.01 -0.87 -10.34 -2.74 -0.75 0.95 -8.16 -16.30
NOPAT Less CapEx to Interest Expense
-5.37 -3.40 -1.05 -1.81 -10.26 -3.64 -0.47 -0.60 -7.21 -14.54
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
237.12% 36.93% 29.71% 44.85% -123.87% 48.45% 36.59% 49.06% -46.34% -34.45%
Augmented Payout Ratio
324.90% 38.33% 31.40% 45.87% -123.87% 51.36% 36.59% 49.06% -46.34% -34.45%

Quarterly Metrics And Ratios for National Fuel Gas

This table displays calculated financial ratios and metrics derived from National Fuel Gas' official financial filings.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
15.88% 4.59% 0.85% -2.63% -12.17% -20.26% -15.21% -14.71% 2.21% 20.55% -45.41%
EBITDA Growth
18.14% -37.76% -135.16% -74.93% 15.50% -8.58% -10.04% -4.01% -6.44% 20.24% 23.78%
EBIT Growth
29.53% -55.46% -247.93% -130.61% 14.46% -19.12% -24.46% -9.94% -12.53% 24.98% 30.94%
NOPAT Growth
26.86% -55.87% -245.74% -131.68% 15.05% -17.64% -53.16% -17.95% -10.88% 21.32% 78.17%
Net Income Growth
30.12% -66.18% -327.51% -158.47% 18.02% -21.61% -53.41% -14.37% -15.81% 28.17% -70.06%
EPS Growth
31.67% -65.97% -326.25% -159.00% 17.65% -21.74% -53.49% -14.53% -15.93% 27.78% 81.05%
Operating Cash Flow Growth
-19.52% -18.77% 8.78% -18.07% -17.86% -17.23% 14.80% 50.57% 51.05% 90.89% 32.37%
Free Cash Flow Firm Growth
212.24% 145.03% 81.24% 49.89% 14.41% -772.54% -1,892.72% -30,788.61% -507.78% 136.69% -121.13%
Invested Capital Growth
-4.20% -3.71% 0.17% 5.88% 11.76% 15.67% 18.75% 17.86% 14.52% 1.94% 5.41%
Revenue Q/Q Growth
32.84% 47.68% -10.87% -33.73% 19.91% 42.39% -13.94% -40.23% 8.86% 51.41% -13.43%
EBITDA Q/Q Growth
118.30% 340.61% -229.58% -82.64% 15.00% 35.93% -7.60% -20.04% -8.97% 33.76% -1.40%
EBIT Q/Q Growth
254.04% 148.57% -300.67% -118.80% 21.75% 61.33% -17.10% -29.70% -13.97% 50.69% -1.17%
NOPAT Q/Q Growth
245.58% 150.17% -282.13% -119.15% 20.20% 65.70% -16.95% -30.45% -13.95% -5.76% 45.49%
Net Income Q/Q Growth
380.95% 126.84% -209.50% -132.57% 25.00% 80.54% -20.45% -34.26% -16.98% 7.30% 46.21%
EPS Q/Q Growth
383.67% 127.07% -206.78% -132.78% 25.00% 80.00% -20.00% -34.64% -16.85% 6.98% 47.01%
Operating Cash Flow Q/Q Growth
15.31% 11.19% -29.75% -10.64% 16.38% 48.90% -47.09% -10.41% 17.27% 106.52% -30.60%
Free Cash Flow Firm Q/Q Growth
70.82% 293.52% 58.43% 18.32% 31.48% 19.39% -11.07% -39.51% -638.46% 338.84% -1,810.47%
Invested Capital Q/Q Growth
0.82% 0.57% -2.66% -2.94% 1.35% 4.62% 2.89% 2.45% 4.88% 7.41% 2.12%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
62.16% 65.41% 67.98% 68.01% 62.32% 65.73% 69.28% 64.60% 48.48% 57.25% 67.79%
EBITDA Margin
60.79% 37.00% -22.71% 15.62% 59.63% 62.17% 65.13% 60.66% 45.34% 54.23% 61.38%
Operating Margin
43.46% 15.69% -52.83% -12.32% 39.79% 39.42% 33.96% 35.94% 30.86% 38.61% 40.86%
EBIT Margin
45.55% 17.09% -51.96% -11.56% 40.75% 40.13% 35.42% 36.77% 31.27% 39.57% 39.76%
Profit (Net Income) Margin
29.64% 8.19% -45.05% -12.97% 26.39% 25.32% 19.97% 21.60% 19.64% 25.76% 36.34%
Tax Burden Percent
75.20% 80.09% 73.52% 65.67% 75.03% 75.53% 75.35% 73.77% 73.83% 74.67% 113.36%
Interest Burden Percent
86.54% 59.81% 117.92% 170.91% 86.33% 83.53% 74.82% 79.64% 85.09% 87.17% 80.64%
Effective Tax Rate
24.80% 19.91% 0.00% 0.00% 24.97% 24.47% 24.65% 26.23% 26.17% 25.33% -13.36%
Return on Invested Capital (ROIC)
11.69% 4.32% -12.90% -3.00% 10.42% 11.18% 10.84% 11.87% 10.65% 13.27% 22.15%
ROIC Less NNEP Spread (ROIC-NNEP)
10.88% 3.45% -14.02% -3.72% 9.55% 10.27% 10.04% 11.04% 9.78% 12.51% 20.50%
Return on Net Nonoperating Assets (RNNOA)
9.86% 3.21% -12.89% -3.13% 7.74% 9.28% 10.40% 11.33% 10.63% 14.37% 27.99%
Return on Equity (ROE)
21.55% 7.54% -25.78% -6.14% 18.16% 20.46% 21.24% 23.19% 21.28% 27.65% 50.14%
Cash Return on Invested Capital (CROIC)
7.47% 4.86% 3.17% 1.65% -1.24% -4.81% -6.20% -3.14% 0.38% 12.26% 9.50%
Operating Return on Assets (OROA)
10.99% 3.98% -12.18% -2.71% 9.56% 9.79% 9.52% 10.16% 9.17% 11.57% 11.32%
Return on Assets (ROA)
7.15% 1.91% -10.56% -3.04% 6.19% 6.18% 5.37% 5.97% 5.76% 7.53% 10.34%
Return on Common Equity (ROCE)
21.55% 7.54% -25.78% -6.14% 18.16% 20.46% 21.24% 23.19% 21.28% 27.65% 50.14%
Return on Equity Simple (ROE_SIMPLE)
1.43% -0.38% 0.00% 10.24% 14.09% 13.87% 0.00% 19.12% 20.04% 23.78% 0.00%
Net Operating Profit after Tax (NOPAT)
239 69 -138 -36 188 156 94 114 163 190 202
NOPAT Margin
32.68% 12.56% -36.98% -8.63% 29.85% 29.78% 25.59% 26.52% 22.79% 28.83% 46.32%
Net Nonoperating Expense Percent (NNEP)
0.81% 0.87% 1.12% 0.71% 0.87% 0.91% 0.79% 0.83% 0.87% 0.76% 1.65%
Return On Investment Capital (ROIC_SIMPLE)
4.18% 1.22% - - - 2.67% - - - - -
Cost of Revenue to Revenue
37.84% 34.59% 32.02% 31.99% 37.68% 34.27% 30.72% 35.40% 51.52% 42.75% 32.21%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
18.70% 49.72% 120.81% 80.33% 22.53% 26.31% 35.32% 28.65% 17.61% 18.64% 26.93%
Earnings before Interest and Taxes (EBIT)
332 94 -193 -48 257 211 131 158 224 261 173
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
444 203 -84 65 376 327 240 260 325 357 267
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.59 2.00 1.94 1.60 1.48 1.40 1.55 1.55 1.75 2.16 2.52
Price to Tangible Book Value (P/TBV)
2.60 2.01 1.95 1.60 1.49 1.40 1.55 1.55 1.76 2.16 2.52
Price to Revenue (P/Rev)
3.47 2.80 2.85 2.57 2.51 2.18 2.11 2.03 2.18 2.38 2.40
Price to Earnings (P/E)
181.36 0.00 71.44 15.62 10.53 10.09 9.63 8.08 8.76 9.07 9.25
Dividend Yield
2.60% 3.36% 3.33% 3.69% 3.72% 4.05% 3.88% 3.88% 3.45% 3.14% 3.25%
Earnings Yield
0.55% 0.00% 1.40% 6.40% 9.50% 9.91% 10.39% 12.37% 11.42% 11.02% 10.81%
Enterprise Value to Invested Capital (EV/IC)
1.77 1.48 1.47 1.31 1.26 1.20 1.28 1.28 1.40 1.57 1.66
Enterprise Value to Revenue (EV/Rev)
4.84 4.21 4.21 3.87 3.81 3.44 3.28 3.09 3.20 3.43 3.56
Enterprise Value to EBITDA (EV/EBITDA)
15.93 14.80 12.00 7.45 6.19 6.08 6.03 5.73 6.06 6.35 6.58
Enterprise Value to EBIT (EV/EBIT)
54.13 75.95 36.27 13.65 9.84 9.69 9.23 8.50 8.88 9.12 9.58
Enterprise Value to NOPAT (EV/NOPAT)
54.39 133.20 43.99 18.30 13.46 13.28 12.71 10.44 10.74 11.15 11.53
Enterprise Value to Operating Cash Flow (EV/OCF)
10.49 8.16 7.69 7.15 6.69 5.94 5.77 5.71 6.74 8.15 9.59
Enterprise Value to Free Cash Flow (EV/FCFF)
23.14 29.77 46.41 81.59 0.00 0.00 0.00 0.00 398.56 12.90 17.93
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.06 1.05 0.98 0.86 0.81 0.85 0.90 0.86 0.87 1.08 1.29
Long-Term Debt to Equity
0.86 0.80 0.77 0.85 0.72 0.75 0.80 0.81 0.72 0.82 1.00
Financial Leverage
0.91 0.93 0.92 0.84 0.81 0.90 1.04 1.03 1.09 1.15 1.37
Leverage Ratio
2.83 2.85 2.86 2.74 2.69 2.93 3.21 3.28 3.33 3.38 3.97
Compound Leverage Factor
2.45 1.70 3.37 4.69 2.32 2.45 2.40 2.61 2.83 2.95 3.20
Debt to Total Capital
51.52% 51.21% 49.38% 46.32% 44.66% 45.83% 47.41% 46.21% 46.43% 51.86% 56.42%
Short-Term Debt to Total Capital
9.79% 12.41% 10.50% 0.86% 4.67% 5.12% 5.10% 2.54% 7.63% 12.31% 12.76%
Long-Term Debt to Total Capital
41.74% 38.80% 38.89% 45.46% 39.98% 40.71% 42.31% 43.67% 38.80% 39.55% 43.66%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
48.48% 48.79% 50.62% 53.68% 55.34% 54.17% 52.59% 53.79% 53.57% 48.14% 43.58%
Debt to EBITDA
4.68 5.16 4.07 2.67 2.22 2.33 2.26 2.09 2.04 2.20 2.28
Net Debt to EBITDA
4.50 4.95 3.89 2.51 2.11 2.23 2.15 1.98 1.92 1.94 2.16
Long-Term Debt to EBITDA
3.79 3.91 3.20 2.62 1.98 2.07 2.02 1.97 1.71 1.68 1.76
Debt to NOPAT
15.98 46.48 14.92 6.55 4.82 5.09 4.76 3.80 3.62 3.86 3.99
Net Debt to NOPAT
15.38 44.55 14.27 6.16 4.59 4.86 4.53 3.61 3.41 3.41 3.78
Long-Term Debt to NOPAT
12.95 35.22 11.75 6.43 4.32 4.52 4.25 3.59 3.03 2.95 3.08
Altman Z-Score
1.34 1.05 0.95 1.08 1.16 1.08 1.09 1.15 1.24 1.17 0.99
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.47 0.39 0.32 0.77 0.58 0.56 0.51 0.61 0.59 0.57 0.39
Quick Ratio
0.32 0.26 0.17 0.49 0.38 0.35 0.29 0.38 0.42 0.43 0.23
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
487 285 -147 -354 -434 -633 -785 -707 -507 94 -39
Operating Cash Flow to CapEx
130.93% 91.54% 80.13% 139.32% 134.17% 109.72% 64.50% 148.63% 146.02% 140.20% 72.26%
Free Cash Flow to Firm to Interest Expense
10.88 7.55 -4.25 -10.36 -12.36 -18.22 -23.87 -22.03 -15.15 2.81 -1.18
Operating Cash Flow to Interest Expense
5.67 5.83 5.71 8.23 8.99 7.80 5.53 10.72 11.48 9.79 4.73
Operating Cash Flow Less CapEx to Interest Expense
1.34 -0.54 -1.42 2.32 2.29 0.69 -3.04 3.51 3.62 2.81 -1.82
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.24 0.23 0.23 0.23 0.23 0.24 0.27 0.28 0.29 0.29 0.28
Accounts Receivable Turnover
7.29 7.91 12.16 10.53 7.16 6.21 7.64 7.29 6.55 6.21 7.12
Inventory Turnover
12.99 9.25 8.16 10.73 12.69 11.48 11.86 16.65 18.78 14.13 11.40
Fixed Asset Turnover
0.28 0.27 0.27 0.27 0.27 0.29 0.31 0.33 0.35 0.35 0.34
Accounts Payable Turnover
6.49 6.01 4.22 6.88 6.39 5.95 5.53 7.95 7.87 6.51 5.21
Days Sales Outstanding (DSO)
50.06 46.15 30.03 34.66 50.95 58.81 47.76 50.06 55.76 58.81 51.26
Days Inventory Outstanding (DIO)
28.10 39.48 44.73 34.03 28.77 31.80 30.77 21.92 19.43 25.84 32.02
Days Payable Outstanding (DPO)
56.25 60.75 86.41 53.03 57.09 61.33 65.95 45.88 46.39 56.06 70.06
Cash Conversion Cycle (CCC)
21.90 24.88 -11.66 15.66 22.63 29.28 12.59 26.10 28.81 28.59 13.22
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
5,659 5,613 5,581 5,734 5,908 5,829 5,572 5,415 5,286 5,040 4,692
Invested Capital Turnover
0.36 0.34 0.35 0.35 0.35 0.38 0.42 0.45 0.47 0.46 0.48
Increase / (Decrease) in Invested Capital
-248 -216 9.69 318 622 789 880 821 670 96 241
Enterprise Value (EV)
10,003 8,280 8,196 7,507 7,439 7,011 7,134 6,932 7,400 7,889 7,788
Market Capitalization
7,176 5,511 5,537 4,981 4,903 4,444 4,591 4,538 5,051 5,473 5,237
Book Value per Share
$30.52 $30.31 $31.18 $33.87 $35.86 $34.53 $32.27 $31.98 $31.36 $27.73 $22.74
Tangible Book Value per Share
$30.46 $30.25 $31.12 $33.81 $35.80 $34.47 $32.21 $31.92 $31.30 $27.67 $22.68
Total Capital
5,705 5,642 5,627 5,801 5,969 5,860 5,635 5,458 5,374 5,270 4,772
Total Debt
2,940 2,889 2,779 2,687 2,665 2,686 2,672 2,522 2,495 2,733 2,692
Total Long-Term Debt
2,381 2,189 2,188 2,637 2,387 2,386 2,384 2,384 2,085 2,084 2,083
Net Debt
2,828 2,769 2,659 2,526 2,536 2,567 2,543 2,394 2,349 2,416 2,551
Capital Expenditures (CapEx)
194 240 247 202 235 247 282 231 263 233 219
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-116 -83 -187 -149 -81 -95 -160 -173 -35 -258 -618
Debt-free Net Working Capital (DFNWC)
-76 -35 -149 -68 -30 -54 -104 -120 36 -13 -572
Net Working Capital (NWC)
-635 -735 -740 -118 -309 -354 -392 -258 -374 -662 -1,181
Net Nonoperating Expense (NNE)
22 24 30 18 22 23 21 21 23 20 43
Net Nonoperating Obligations (NNO)
2,894 2,860 2,733 2,620 2,604 2,655 2,608 2,480 2,407 2,503 2,612
Total Depreciation and Amortization (D&A)
111 109 109 113 119 116 110 102 101 97 94
Debt-free, Cash-free Net Working Capital to Revenue
-5.62% -4.24% -9.64% -7.69% -4.14% -4.67% -7.35% -7.74% -1.53% -11.21% -28.29%
Debt-free Net Working Capital to Revenue
-3.69% -1.76% -7.68% -3.50% -1.54% -2.63% -4.80% -5.35% 1.56% -0.57% -26.19%
Net Working Capital to Revenue
-30.68% -37.31% -38.05% -6.07% -15.82% -17.33% -18.03% -11.54% -16.16% -28.81% -54.04%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.39 $0.50 ($1.83) ($0.59) $1.81 $1.45 $0.81 $1.01 $1.53 $1.85 $1.73
Adjusted Weighted Average Basic Shares Outstanding
90.50M 90.78M 91.79M 91.87M 92.11M 91.91M 91.75M 91.80M 91.79M 91.58M 91.41M
Adjusted Diluted Earnings per Share
$2.37 $0.49 ($1.81) ($0.59) $1.80 $1.44 $0.80 $1.00 $1.53 $1.84 $1.72
Adjusted Weighted Average Diluted Shares Outstanding
91.18M 91.43M 92.34M 91.87M 92.51M 92.44M 92.29M 92.29M 92.26M 92.27M 92.11M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
90.35M 90.61M 90.82M 91.36M 91.92M 92.13M 91.83M 91.82M 91.80M 91.80M 91.49M
Normalized Net Operating Profit after Tax (NOPAT)
239 183 -138 104 188 156 94 114 163 190 124
Normalized NOPAT Margin
32.68% 33.23% -36.98% 25.03% 29.85% 29.78% 25.59% 26.52% 22.79% 28.83% 28.60%
Pre Tax Income Margin
39.42% 10.22% -61.28% -19.76% 35.18% 33.52% 26.50% 29.29% 26.60% 34.49% 32.06%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
7.43 2.49 -5.58 -1.41 7.32 6.07 3.97 4.91 6.71 7.79 5.16
NOPAT to Interest Expense
5.33 1.83 -3.97 -1.05 5.36 4.50 2.87 3.54 4.89 5.68 6.02
EBIT Less CapEx to Interest Expense
3.10 -3.88 -12.71 -7.32 0.62 -1.04 -4.60 -2.30 -1.16 0.81 -1.38
NOPAT Less CapEx to Interest Expense
1.00 -4.54 -11.10 -6.96 -1.34 -2.61 -5.71 -3.67 -2.97 -1.30 -0.53
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
470.85% -1,760.47% 237.12% 57.10% 38.68% 40.46% 36.93% 31.02% 29.83% 28.20% 29.71%
Augmented Payout Ratio
759.98% -2,726.54% 324.90% 67.07% 40.43% 41.35% 38.33% 32.24% 31.09% 29.43% 31.40%

Frequently Asked Questions About National Fuel Gas' Financials

When does National Fuel Gas's fiscal year end?

According to the most recent income statement we have on file, National Fuel Gas' financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has National Fuel Gas' net income changed over the last 9 years?

National Fuel Gas' net income appears to be on an upward trend, with a most recent value of $77.51 million in 2024, falling from -$379.43 million in 2015. The previous period was $476.87 million in 2023. Find out what analysts predict for National Fuel Gas in the coming months.

What is National Fuel Gas's operating income?
National Fuel Gas's total operating income in 2024 was $209.72 million, based on the following breakdown:
  • Total Gross Profit: $1.27 billion
  • Total Operating Expenses: $1.07 billion
How has National Fuel Gas revenue changed over the last 9 years?

Over the last 9 years, National Fuel Gas' total revenue changed from $1.76 billion in 2015 to $1.94 billion in 2024, a change of 10.4%.

How much debt does National Fuel Gas have?

National Fuel Gas' total liabilities were at $5.47 billion at the end of 2024, a 2.9% increase from 2023, and a 20.5% increase since 2015.

How much cash does National Fuel Gas have?

In the past 9 years, National Fuel Gas' cash and equivalents has ranged from $20.43 million in 2019 to $555.53 million in 2017, and is currently $38.22 million as of their latest financial filing in 2024.

How has National Fuel Gas' book value per share changed over the last 9 years?

Over the last 9 years, National Fuel Gas' book value per share changed from 23.95 in 2015 to 31.18 in 2024, a change of 30.2%.



This page (NYSE:NFG) was last updated on 5/29/2025 by MarketBeat.com Staff
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