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

73.90 0.07 −0.09%
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) Price to free cash flow

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As of 5 November 2026, National Fuel Gas Company (NFG) trades at a price to free cash flow of 31.8×. Over the past ten years it has ranged from 0.0× (March 2022) to 451× (June 2022); the current reading is higher than 59% of that period. That is above the Oil & Gas Integrated industry median of 8.2× and above the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 44.7× 8.14%
FY2024 41.3× 102.58%
FY2023 20.4× (7.56%)
FY2022 22.1× (81.65%)
FY2021 120× (17.00%)
FY2020 145× —
FY2019 0.0× —
FY2018 55.5× 195.21%
FY2017 18.8× (40.74%)
FY2016 31.7× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 33.0× 13.37%
Mar 2026 29.1× (18.28%)
Dec 2025 35.6× (20.20%)
Sep 2025 44.7× 8.44%
42 more quarters

Against its own ten years

Low 0.0× High 451×
Ten-year median 24.3×
Current reading's percentile 59

Price to free cash flow against peers

Company Price to free cash flow
DEC Diversified Energy Company PLC compare n/m
CVE Cenovus Energy Inc compare n/m
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 5.2×
PBR Petroleo Brasileiro S.A.- Petrobras compare 5.9×
EC Ecopetrol S.A. compare 6.5×
E Eni SpA compare 13.6×
TGS Transportadora De Gas Sa Ord B compare 24.0×
NFG National Fuel Gas Company 31.8×
YPF YPF Sociedad Anonima compare 47.5×
Oil & Gas Integrated industry median 8.2×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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