National Fuel Gas Co
NFG- Exchange
- NYSE
- Industry
- Natural Gas Distribution
- SEC CIK
- 0000070145
No open-market purchases or sales by National Fuel Gas Co insiders were filed in the last 90 days; 656 institutions reported holding it in 13F filings for Q2 2026, worth $6.17B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:12 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 6, 2025 | Nov 7, 2024 | Nov 2, 2023 | Nov 4, 2022 | Nov 5, 2021 |
| Revenue | $2.28B | $1.94B | $2.17B | $2.19B | $1.74B |
| Cost of revenue | $213.4M | $150.1M | $437.6M | $392.1M | $171.8M |
| Selling, general and administrative | $75.1M | – | – | – | – |
| Operating income | $813.5M | $209.7M | $755.1M | $814.5M | $639.9M |
| Interest expense | $140.9M | $138.7M | $131.9M | $130.4M | $146.4M |
| Income tax | $175.5M | $9.74M | $164.5M | $116.6M | $114.7M |
| Net income | $518.5M | $77.5M | $476.9M | $566.0M | $363.6M |
| EPS, basic | $5.73 | $0.84 | $5.20 | $6.19 | $3.99 |
| EPS, diluted | $5.68 | $0.84 | $5.17 | $6.15 | $3.97 |
| Weighted shares, basic | 90.5M | 91.8M | 91.7M | 91.4M | 91.1M |
| Weighted shares, diluted | 91.2M | 92.3M | 92.3M | 92.1M | 91.7M |
| Margins and growth | |||||
| Operating margin | 35.7% | 10.8% | 34.7% | 37.3% | 36.7% |
| Net margin | 22.8% | 4.0% | 21.9% | 25.9% | 20.9% |
| Revenue growth, year over year | +17.1% | −10.5% | −0.6% | +25.4% | +12.7% |
| Net income growth, year over year | +568.9% | −83.7% | −15.8% | +55.7% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 6, 2025 | Nov 7, 2024 | Nov 2, 2023 | Nov 4, 2022 | Nov 5, 2021 |
| Cash and equivalents | $43.2M | $38.2M | $55.4M | $46.0M | $31.5M |
| Total current assets | $410.7M | $355.9M | $414.4M | $761.1M | $522.4M |
| Property, plant and equipment | $7.71B | $7.34B | $7.30B | $6.57B | $6.38B |
| Goodwill | $5.48M | $5.48M | $5.48M | $5.48M | $5.48M |
| Total assets | $8.72B | $8.32B | $8.28B | $7.90B | $7.46B |
| Accounts payable | $184.0M | $165.1M | $152.2M | $178.9M | $171.7M |
| Short-term debt | $150.2M | $90.7M | $287.5M | $60.0M | $158.5M |
| Total current liabilities | $925.8M | $1.10B | $806.3M | $1.94B | $1.24B |
| Long-term debt | $2.38B | $2.19B | $2.38B | $2.08B | $2.63B |
| Shareholders' equity | $3.09B | $2.85B | $2.96B | $2.08B | $1.79B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Nov 6, 2025 | Nov 7, 2024 | Nov 2, 2023 | Nov 4, 2022 | Nov 5, 2021 |
| Operating cash flow | $1.10B | $1.07B | $1.24B | $812.5M | $791.6M |
| Capital expenditures | $912.8M | $931.2M | $1.01B | $811.8M | $751.7M |
| Free cash flow | $187.2M | $134.7M | $227.2M | $695.0K | $39.8M |
| Depreciation and amortization | $456.6M | $457.0M | $409.6M | $369.8M | $335.3M |
| Stock-based compensation | $19.8M | $22.1M | $20.6M | $19.5M | $17.1M |
| Dividends paid | $188.4M | $183.8M | $176.1M | $168.1M | $163.1M |
| Share buybacks | $54.4M | $64.1M | – | – | – |
| Investing cash flow | -$891.7M | -$933.9M | -$1.11B | -$518.7M | -$633.2M |
| Financing cash flow | -$203.4M | -$149.3M | -$207.0M | -$276.2M | -$58.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.9% | 1.1% | 0.9% | 0.9% | 1.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jul 29, 2026 | 95.0M | +5.2% | SEC |
| Apr 29, 2026 | 95.0M | +5.2% | SEC |
| Jan 27, 2026 | 95.0M | +4.9% | SEC |
| Oct 31, 2025 | 90.4M | −0.5% | SEC |
| Jul 30, 2025 | 90.4M | −1.1% | SEC |
| Apr 30, 2025 | 90.4M | −1.7% | SEC |
| Dec 31, 2024 | 90.6M | −1.6% | SEC |
| Oct 31, 2024 | 90.8M | −1.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.