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

74.27 2.27 −2.97%
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) Gross margin

Alert me on Gross margin

National Fuel Gas Company's gross margin over the twelve months to 30 June 2026 was 87.7%, down 2.9 percentage points from fiscal 2025 (90.6%). Over the past ten years it has ranged from 77.2% (fiscal 2019) to 92.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Oil & Gas Integrated industry median of 39.9% and above the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 90.6% (1.65)
FY2024 92.3% 12.41
FY2023 79.9% (2.19)
FY2022 82.1% (8.08)
FY2021 90.1% 5.27
FY2020 84.9% 7.68
FY2019 77.2% (1.60)
FY2018 78.8% (3.79)
FY2017 82.6% (7.23)
FY2016 89.8% 9.69

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 94.4% 18.65
Mar 2026 75.8% (11.07)
Dec 2025 86.9% (16.40)
Sep 2025 103.3% 8.52
42 more quarters

Against its own ten years

Low 77.2% High 92.3%
Ten-year median 82.6%
Current reading's percentile 60

Gross margin against peers

Company Gross margin
NFG National Fuel Gas Company 87.7%
DEC Diversified Energy Company PLC compare 68.2%
TGS Transportadora De Gas Sa Ord B compare 53.9%
PBR Petroleo Brasileiro S.A.- Petrobras compare 50.8%
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 50.8%
CVE Cenovus Energy Inc compare 40.7%
YPF YPF Sociedad Anonima compare 38.6%
EC Ecopetrol S.A. compare 36.6%
E Eni SpA compare 19.5%
Oil & Gas Integrated industry median 39.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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