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

73.95 0.02 −0.03%
Market cap
$7.0B
P/E
10.2×
Fwd P/E
11.0×
Dividend yield
2.94%
F-score
7/9
Altman Z
1.71
Beneish M
−2.44
Dividend safety
57/100

National Fuel Gas Company (NFG) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, National Fuel Gas Company (NFG) trades at a EV/EBITDA of 6.5×. Over the past ten years it has ranged from 0.0× (December 2016) to 36.1× (June 2015); the current reading is higher than 22% of that period. That is above the Oil & Gas Integrated industry median of 4.4× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 8.7× (29.70%)
FY2024 12.3× 97.70%
FY2023 6.2× (9.13%)
FY2022 6.9× (10.70%)
FY2021 7.7× (58.59%)
FY2020 18.5× 128.06%
FY2019 8.1× (11.17%)
FY2018 9.2× 11.34%
FY2017 8.2× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 6.7× (10.68%)
Mar 2026 7.5× 13.30%
Dec 2025 6.6× (23.85%)
Sep 2025 8.7× (25.73%)
42 more quarters

Against its own ten years

Low 0.0× High 36.1×
Ten-year median 8.2×
Current reading's percentile 22

EV/EBITDA against peers

Company EV/EBITDA
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 3.0×
PBR Petroleo Brasileiro S.A.- Petrobras compare 3.3×
DEC Diversified Energy Company PLC compare 3.6×
TGS Transportadora De Gas Sa Ord B compare 4.0×
EC Ecopetrol S.A. compare 4.7×
CVE Cenovus Energy Inc compare 5.2×
NFG National Fuel Gas Company 6.5×
E Eni SpA compare 7.7×
YPF YPF Sociedad Anonima compare 22.6×
Oil & Gas Integrated industry median 4.4×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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