MARKETS / NYSE / NFG
NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP

National Fuel GAS Co. NFG

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY16 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$2.2B
▲ 30.0% vs FY2024
Dividend streak
16 yrs
Raised every year since 2010
EPS · FY25
$5.68
Dividend / sh · FY25
$2.10
Payout · FY25
36%
ROE · FY25
Net margin · FY25
23.4%
Dividend coverage
2.7×
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Result
USD 2.2B
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.81.62.43.22.20.52008201120142017202020232025
0.81.62.43.22.20.52016201920222025

23 cents of every revenue dollar became profit this year.

Per share
USD 5.68
Diluted EPS, FY2025
EPS Dividend
2.557.52.105.682008201120142017202020232025
2.557.52.105.682016201920222025

Earnings covered the dividend 2.7 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
0.250.50.7512008201120142017202020232025
0.250.50.7512016201920222025
Operating margin36.7%
Net margin23.4%
Return on assets6.1%

Returned to shareholders
USD 242.9M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 188.4M
Net buybacksUSD 54.4M
Share of profit46.8%
Consecutive raises16 years

USD 188.4M in dividends and USD 54.4M in buybacks — 47% of the year's profit went back to shareholders.

Growth
+7.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−10.2%
+7.5%
+1.6%
Net income
−2.9%
+5.7%
EPS, diluted
−2.6%
+5.0%
Dividend / share
+4.1%
+3.6%
+3.0%
+2.9%
Returned to shareholders
+13.0%
+9.6%
+6.4%
+5.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.09B
Shares outstanding, FY2025
0.080.092008201120142017202020232025
0.090.092016201920222025
Change, 5 years−0.6%
Change, 10 years+6.8%

The share count shrank 1% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 8.7B
total assets, end of FY2025
Total assetsUSD 8.7B
CashUSD 43.2M
Gross debtUSD 2.7B
Net debtUSD 2.6B
Current ratio0.44×

History
18 fiscal years
Every figure from documents filed with the SEC · USD
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
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 figures not disclosed in the filing for that year.

How we verifyAUDITED
52 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed