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

74.42 0.45 +0.61%
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) Operating margin

Alert me on Operating margin

National Fuel Gas Company's operating margin over the twelve months to 30 June 2026 was 40.3%, up 4.5 percentage points from fiscal 2025 (35.7%). Over the past ten years it has ranged from −34.7% (fiscal 2015) to 37.6% (fiscal 2017); the current reading is higher than 73% of that period. That is above the Oil & Gas Integrated industry median of 17.1% and above the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 35.7% 24.94
FY2024 10.8% (23.96)
FY2023 34.7% (2.52)
FY2022 37.3% 0.54
FY2021 36.7% 34.79
FY2020 1.93% (28.29)
FY2019 30.2% (2.41)
FY2018 32.6% (4.95)
FY2017 37.6% 66.26
FY2016 −28.7% 6.02

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 38.9% (1.57)
Mar 2026 40.4% (1.94)
Dec 2025 42.4% 3.83
Sep 2025 38.6% (4.74)
42 more quarters

Against its own ten years

Low −34.7% High 37.6%
Ten-year median 32.6%
Current reading's percentile 95

Operating margin against peers

Company Operating margin
DEC Diversified Energy Company PLC compare 45.2%
TGS Transportadora De Gas Sa Ord B compare 43.3%
NFG National Fuel Gas Company 40.3%
PBR Petroleo Brasileiro S.A.- Petrobras compare 34.2%
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 34.2%
EC Ecopetrol S.A. compare 27.6%
YPF YPF Sociedad Anonima compare 23.0%
CVE Cenovus Energy Inc compare 17.1%
E Eni SpA compare 4.46%
Oil & Gas Integrated industry median 17.1%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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