National Fuel Gas Company (NFG) Stock Price & Analysis
National Fuel Gas Company (NFG) closed at USD 80.93 on Thursday, October 22, 2026, up 2.04% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 80.93; the Oct 22, 2026 session ranged USD 78.4–81.26 on volume of 1,537,708 shares. Market capitalization is —, with a 52-week range of USD 75.03–97.06 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NFG.md
Key facts (NFG)
- Last four reported quarters (through Jun 30, 2026): revenue $2.56B, net income $675M (26.3% margin), free cash flow $222M (SEC filings).
- Valuation: P/E 11.4x (avg 32.8x at the last 3 fiscal year-ends), EV/EBITDA 6.7x, net debt $2.33B.
- 1 of 80 tracked superinvestors hold NFG (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y +1.2% vs S&P 500 +14.9%; 5Y +62.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.04, revenue estimate $472M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NFG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.74B | $3.06B | $2.25B | $1.94B | $2.28B | $2.56B |
| Gross profit | $1.57B | $2.67B | $1.82B | $1.79B | $2.06B | — |
| Operating income | $640M | $815M | $755M | $210M | $813M | $1.01B |
| Net income | $364M | $566M | $477M | $77.5M | $519M | $675M |
| EPS (diluted) | $3.97 | $6.15 | $5.17 | $0.84 | $5.68 | — |
| Free cash flow | $39.8M | $695K | $227M | $135M | $187M | $222M |
| Gross margin | 90.1% | 87.2% | 80.6% | 92.3% | 90.6% | — |
| Operating margin | 36.7% | 26.6% | 33.5% | 10.8% | 35.7% | 39.5% |
| Net margin | 20.9% | 18.5% | 21.1% | 4.0% | 22.8% | 26.3% |
| Revenue growth | +12.7% | +75.7% | -26.3% | -13.8% | +17.1% | — |
| Cash + short-term investments | $31.5M | $46.0M | $55.4M | $38.2M | $43.2M | — |
| Total debt | $2.63B | $2.63B | $2.38B | $2.69B | $2.68B | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NFG)
P/E 11.4x · P/S 3.0x · EV/EBITDA 6.7x · EV/Sales 3.9x · P/FCF 34.6x · P/B 2.0x · FCF yield 2.89% · Earnings yield 8.78% · Dividend yield (paid, TTM) 2.58% · Buyback yield (TTM) 0.00% · Net debt $2.33B · EV $10.0B
P/E at fiscal year-ends: Sep 2025 16.3x, Sep 2024 72.2x, Sep 2023 10.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (NFG)
1 of 80 tracked investors hold NFG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Harry Burn | Sound Shore | 2.15% | $69.7M | New position |
Total return (dividends reinvested) (NFG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +1.2% | +62.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.2% | +10.1% |
| Volatility (annualized) | 19.6% | 21.1% |
| Max drawdown | -20.9% (Apr 2026→Jun 2026) | -33.1% (May 2022→Jan 2024) |
NFG revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Reportable Segments | $574.6M | 106.9% | +0.9% |
| Integrated Upstream and Gathering | $244.3M | 45.4% | -19.6% |
| Utility | $160.2M | 29.8% | +3.0% |
| Pipeline and Storage | $106.5M | 19.8% | +0.9% |
| Total revenue | $537.5M | 100% | — |
NFG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Production of Natural Gas | $235.0M | 43.7% | -21.7% |
| Other | $5.4M | 1.0% | +918.9% |
| Natural Gas Gathering Service | $3.7M | 0.7% | +47.8% |
| Natural Gas Processing | $245,000 | 0.0% | -8.2% |
| Total revenue | $537.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NFG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.04 | $1.22 | -14.4% | $472.4M | 4 |
| Next quarter (ends Dec 2026) | $2.13 | $2.12 | +0.4% | $826.7M | 4 |
| Current fiscal year (ends Sep 2026) | $7.25 | $7.37 | -1.6% | $2.55B | 5 |
| Next fiscal year (ends Sep 2027) | $7.45 | $7.78 | -4.3% | $3.03B | 5 |
NFG options: expected move
Options price a move of about ±6.5% (±$5.23) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±3.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 28.6% | ±6.5% |
| Dec 18, 2026 | 56 | 25.9% | ±8.1% |
| Jan 15, 2027 | 84 | 24.4% | ±9.5% |
| Apr 16, 2027 | 175 | 24.6% | ±13.5% |
30-day implied volatility 25.3% vs 22.3% realized over the last 30 trading days. Put/call ratio (volume) 0.24. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 80.93 |
|---|---|
| Change | ▲ 2.04% (up) |
| Previous Close | USD 80.93 |
| Open | USD 80.93 |
| Day Range | USD 78.4 – 81.26 |
| 52-Week Range | USD 75.03 – 97.06 |
| Volume | 1,537,708 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (NFG)
Nexqual's technical model rates NFG "BUY" based on 4 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 53.98 (neutral) |
| vs SMA50 | Above (USD 80.57) |
| MACD | -0.04 (negative) |
Earnings (NFG)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.04 |
| Revenue Estimate | $472.38M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.54 vs est 1.44 ▲ beat |
| 2026-03-31 | USD 2.71 vs est 2.84 ▼ miss |
| 2025-12-31 | USD 2.06 vs est 1.92 ▲ beat |
| 2025-09-30 | USD 1.22 vs est 1.11 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (NFG)
| Total Revenue | $2.51B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1.10% |
| Gross Margin | +63.23% |
| Operating Margin | +40.07% |
| Profit Margin | +26.86% |
| ROE | +19.58% |
| Debt / Equity | 0.91 |
| Current Ratio | 3.2 |
| Total Cash | $1.24B |
| Total Debt | $3.57B |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Ownership (NFG)
| Insider Ownership | +1.29% |
|---|---|
| Institutional Ownership | +85.23% |
| Shares Outstanding | 95.05M |
| Float | 93.66M |
| Short % of Float | +6.24% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From National Fuel Gas Company's Latest SEC 10-K Filing (filed 2025-11-21)
Key Strengths & Strategy (as disclosed to the SEC)
- Revenue from one customer of the Company's Integrated Upstream and Gathering segment, exclusive of hedging losses transacted with separate parties, represented approximately $258 million, or 11.3%, of the Company's consolidated revenue for the year ended September 30, 2025.
Legal & Regulatory Risks (Item 1A, quoted)
- The Company's need to comply with comprehensive, complex, and the sometimes unpredictable enforcement of government regulations may increase its costs and limit its revenue growth, which may result in reduced earnings.
- Increased regulation of exploration and production activities, including hydraulic fracturing, could adversely impact the Company.
- The Company could be adversely affected by the delayed recovery or disallowance of purchased gas costs incurred by the Utility segment.
- Our planned acquisition of CenterPoint Ohio may not occur at all or may not occur in the expected time frame, which may negatively affect the trading price of our stock and our future business and financial results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TGS | Transportadora de Gas del Sur S | USD 25.94 | ▼ 0.54% |
| YPF | YPF Sociedad Anonima | USD 49.17 | ▼ 2.38% |
| EC | Ecopetrol S.A. | USD 17.01 | ▼ 1.33% |
| CVE | Cenovus Energy Inc | USD 32.01 | ▼ 3.38% |
| DEC | Diversified Energy Company | USD 14.39 | ▲ 1.05% |
| IMO | Imperial Oil Limited | USD 131.84 | ▼ 2.75% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
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