NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP
National Fuel GAS Co. NFG
18 fiscal years on record · USD · FY2025 reported · SEC filings only
16 YEARS OF DIVIDEND GROWTH
In brief
What this company does
Written from the business description in NATIONAL FUEL GAS CO's annual report to the U.S. Securities and Exchange Commission, filed 21 November 2025. Every sentence was checked against that document before publication.
Growth
USD 2.2B
Revenue, FY2025 · full 18-year series below
Revenue $B
Net income $B
FY2025 · Revenue 2.2 · Net income 0.5
Compound annual growth
−10.2%
+7.5%
+1.6%
−2.9%
+5.7%
−2.6%
+5.0%
+4.1%
+3.6%
+3.0%
+2.9%
+13.0%
+9.6%
+6.4%
+5.4%
3 yrs
5 yrs
10 yrs
15 yrs
Revenue compounded at +7.5% a year over five years.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
23 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 36.7% · Net 23.4%
ROE
No chart to show — the reason differs by year; see each year in the table below.
The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 2.2 | 1.7 | 2.3 | 3.1 | 1.7 | 1.5 | 1.7 | 1.6 | 1.6 | 1.5 | · | · | · | 1.6 | 1.8 | 1.8 | · | · |
| Operating income $B | 0.8 | 0.2 | 0.8 | 0.8 | 0.6 | 0.0 | 0.5 | 0.5 | 0.6 | −0.4 | −0.6 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.2 | 0.5 |
| EBITDA $B | 1.3 | 0.7 | 1.2 | 1.2 | 1.0 | 0.3 | 0.8 | 0.8 | 0.8 | −0.2 | −0.3 | 1.0 | 0.8 | 0.7 | 0.7 | 0.6 | 0.4 | 0.7 |
| Income tax $B | 0.2 | 0.0 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | −0.0 | 0.2 | −0.2 | −0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 |
| Net income $B | 0.5 | 0.1 | 0.5 | 0.6 | 0.4 | −0.1 | 0.3 | 0.4 | 0.3 | −0.3 | −0.4 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 | 0.3 |
| Free cash flow $B | 0.2 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | −0.1 | 0.0 | 0.2 | 0.0 | −0.2 | −0.0 | 0.0 | −0.4 | −0.2 | 0.0 | 0.3 | 0.1 |
| EPS, diluted $ | 5.68 | 0.84 | 5.17 | 6.15 | 3.97 | −1.41 | 3.51 | 4.53 | 3.30 | −3.43 | −4.50 | 3.52 | 3.08 | 2.63 | 3.09 | 2.73 | 1.25 | 3.18 |
| Dividend / sh $ | 2.10 | 2.02 | 1.94 | 1.86 | 1.80 | 1.76 | 1.72 | 1.68 | 1.64 | 1.60 | 1.56 | 1.52 | 1.48 | 1.44 | 1.40 | 1.36 | 1.32 | · |
| Payout % | 36 | 237 | 37 | 30 | 45 | −124 | 48 | 37 | 49 | −46 | −34 | 42 | 47 | 54 | 44 | 49 | 103 | 39 |
| ROE % | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Shares out B | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Compare
This company against its peers
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Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED
Reconciled in 18 of 19 fiscal years. 17 checks could not be computed.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Distribution
Listed onNYSE
Incorporated inNew Jersey
Fiscal year endsSeptember 30
Data on record since2008