National Fuel Gas Company
NFG Energy Oil & Gas Integrated
National Fuel Gas Company’s revenue for fiscal 2025 (year ended September 2025) was $2.3 billion, up 17.1% from fiscal 2024.
- Revenue
- +1.07%
- EPS
- −12.1%
- Free cash flow
- −43.2%
- Total debt
- +33.0%
Quarter to June 2026, against a year earlier
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National Fuel Gas Company 10-Q filed Jul 30, 2026
Red flags
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Share dilution
Shares outstanding rose 5.2% in a year, to 95.0 million
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Apr 30, 2026: 21 added · 13 removed · 73 modified; 21 with only figures updated; 2 moved without change
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Modified · split · OVERVIEW
The Company is a diversified energy company engaged principally in the production, gathering, transportation, storage and distribution of natural gas. The Company operates an integrated business, with assets centered in western New York and Pennsylvania, being utilized for, and benefiting from, the production and transportation of natural gas from the Appalachian
Basin. The common geographic footprint of the Company’s subsidiaries enables them to share management, labor, facilities and support services across various businesses and pursue coordinated projects designed to produce and transport natural gas from the Appalachian Basin to markets in the eastern United States and Canada. The Company's efforts in this regard are not limited to affiliated projects. The Company has also been designing and building pipeline projects for the transportation of natural gas for non-affiliated natural gas customers in the Appalachian Basin. In addition to expansion projects, the Company continues to focus on the ongoing modernization of its regulated Pipeline and Storage and Utility assets. The Company reports