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

73.79 0.18 −0.24%
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) Free cash flow margin

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National Fuel Gas Company's free cash flow margin over the twelve months to 30 June 2026 was 8.84%, up 0.6 percentage points from fiscal 2025 (8.22%). Over the past ten years it has ranged from −9.35% (fiscal 2015) to 16.5% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Oil & Gas Integrated industry median of 11.2% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 8.22% 1.29
FY2024 6.93% (3.52)
FY2023 10.5% (1.22)
FY2022 11.7% 9.39
FY2021 2.28% 0.69
FY2020 1.59% 7.17
FY2019 −5.58% (11.03)
FY2018 5.45% (11.05)
FY2017 16.5% 6.54
FY2016 9.96% 19.31

Against its own ten years

Low −9.35% High 16.5%
Ten-year median 6.93%
Current reading's percentile 64

Free cash flow margin against peers

Company Free cash flow margin
CVE Cenovus Energy Inc compare 22.7%
PBR Petroleo Brasileiro S.A.- Petrobras compare 19.9%
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 19.9%
EC Ecopetrol S.A. compare 15.3%
NFG National Fuel Gas Company 8.84%
E Eni SpA compare 5.67%
TGS Transportadora De Gas Sa Ord B compare 0.00%
YPF YPF Sociedad Anonima compare 0.00%
DEC Diversified Energy Company PLC compare −12.9%
Oil & Gas Integrated industry median 11.2%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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