National Fuel Gas Company: stock overview

NFGNYSEUtilities · Natural Gas Distribution

Price

$76.71

November 13, 2026Market cap $7.3B

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  • The full history: 13 fiscal years, from FY2010
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

National Fuel Gas had revenue of $2.5B over the last 12 months and net income of $675M, a net margin of 26.9%. Revenue grew by 8.1% a year on average over the last 5 years. At $76.71 the shares trade at a P/E of 10.8, against a median of 13.2 over the last 5 fiscal years. It has net debt of $2.3B. It pays a dividend yielding 2.84%.

From its SEC filings (latest fiscal year to September 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$7.3B
95.05M shares
P/E
10.8
Today10.8
Median13.2
Revenue, 12 months
$2.5B
+8.1% a year over 5 years
Net margin
26.9%
FY2025: 22.8%, above 85% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+2.4% a year over 2 years

  • FY2025Sep 30, 202510-K
    Revenue$2.3B
  • FY2024Sep 30, 202410-K
    Revenue$1.9B
  • FY2023Sep 30, 202310-K
    Revenue$2.2B

Fiscal years in figures

NFG's revenue, profit, cash flow and dividend with each year-end price, from FY2010 to FY2022, 10 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $5.5B
$7.3B
Enterprise value 
$9.6B
P/E 3-year median: 16.3
10.8
EV / EBIT 
9.5
EV / Revenue 
3.8
P/B 
1.9
FCF yield 3-year median: 2.4%
3.1%
Earnings yield 3-year median: 6.1%
9.3%

Profitability

Gross margin 
87.7%
Operating margin 
40.3%
Net margin 3-year median: 21.9%
26.9%
ROIC 
12.0%
ROIC, 5-year average 
17.3%
ROE 
19.4%

Growth

Revenue, yearly change 
+17.1%
EPS, yearly change 
+576.2%
FCF, yearly change 
+39.0%
Revenue, average a year 
+8.1%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$1.2B
Total debt 
$3.6B
Net debt 
$2.3B
Net debt / EBITDA 
1.6x
Interest cover 
7.8x
Current ratio 
3.20

Balance sheet of June 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 3.3%
2.84%
Buybacks 
0.75%
Total returned 
3.59%
Shares, yearly change 
-0.5%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 49).

Operating margin

35.7%

Above 88% of the 117 companies in its industry, and 95% of all.

Net margin

22.8%

Above 85% of the 122 companies in its industry, and 85% of all.

ROE

14.5%

Above 81% of the 103 companies in its industry, and 75% of all.

ROA

5.6%

Above 83% of the 122 companies in its industry, and 74% of all.

Revenue growth

17.1%

Above 79% of the 122 companies in its industry, and 77% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
NATIONAL FUEL GAS CO
CIK
70145
Exchange
NYSE
Industry (SIC)
4924 · Natural Gas Distribution
Fiscal year ends
September 30
Latest annual report
September 30, 2025
Reporting currency
USD
Shares
95.05M

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The full analysis

What do National Fuel Gas's filings show?

These are National Fuel Gas's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NFG

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What is NFG's market cap?

National Fuel Gas Company's market cap is $7.3B, at a price of $76.71 on November 13, 2026 and 95.05M shares.

What is NFG's P/E?

NFG's P/E is 10.8, on earnings per share of $7.19 over the last 12 months. The median over the last 5 fiscal years was 13.2.

How much revenue does NFG have?

National Fuel Gas had revenue of $2.5B over the last 12 months. Over the last 5 years it changed by +8.1% a year on average.

Does NFG pay a dividend?

Yes. National Fuel Gas paid $2.18 per share over the last 12 months, a yield of 2.84% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From National Fuel Gas Company's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.