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NFG US​

National Fuel Gas Co(NFG US)

$80.53-0.400.49%Ext:$78.45-2.082.58%(Market Closed · 00:00:07 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

National Fuel Gas Co — Company Profile

National Fuel Gas Company (NFG) operates as a multifaceted energy enterprise, with its business structured across four primary divisions: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production (E&P) division is dedicated to discovering, developing, and producing natural gas and oil. Its operations are concentrated in California and the Appalachian region of the United States. As of September 30, 2021, this segment reported substantial proved developed and undeveloped reserves, comprising 21,537 thousand barrels of oil and 3,723,433 million cubic feet of natural gas. NFG's Pipeline and Storage arm manages interstate natural gas transmission and storage services. This involves an integrated pipeline network spanning Pennsylvania and New York, alongside the operation of underground natural gas storage facilities. Beyond transporting natural gas for National Fuel Gas Distribution Corporation, this segment also provides services to various other utilities, industrial companies, and power producers throughout New York State. It notably owns and operates the Empire Pipeline. The Gathering segment focuses on the construction, ownership, and operation of natural gas processing and pipeline gathering infrastructure, primarily located in the Appalachian region. It also extends gathering services to Seneca Resources Company, LLC. The Utility division supplies natural gas or offers natural gas transportation services to approximately 753,000 customers. These customers are situated in Buffalo, Niagara Falls, and Jamestown, New York, as well as Erie and Sharon, Pennsylvania. The company actively markets natural gas to a broad spectrum of clients, including industrial, wholesale, commercial, public authority, and residential customers, predominantly within western and central New York and northwestern Pennsylvania. Beyond its core energy operations, as of September 30, 2021, NFG also held significant timber assets, comprising approximately 95,000 acres of owned timber property and management rights for an additional 2,500 acres of timber. National Fuel Gas Company was established in 1902 and its corporate headquarters are situated in Williamsville, New York.

Sector
Utilities
Industry
Gas Utilities
Exchange
UN
CEO
David Bauer
Headquarters
Williamsville, NY, US
IPO Date
May 3, 1973
Employees
2,322
Website
www.nationalfuel.com

Key Metrics

Price
$76.43
Market Cap
$7.26B
Revenue (TTM)
$858.37M
Net Income (TTM)
$247.67M
EPS (TTM)
2.61
P/E (TTM)
10.58
P/B (TTM)
1.90
Dividend Yield
2.28%
ROE (TTM)
6.48%
ROA (TTM)
2.71%
Operating Margin
40.44%
Beta
-0.15

Dividends

Last Dividend
$0.54
Last Yield
0.02%

Summary

National Fuel Gas Company (NFG) operates as a multifaceted energy enterprise, with its business structured across four primary divisions: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production (E&P) division is dedicated to discovering, developing, and producing natural gas and oil. Its operations are concentrated in California and the Appalachian region of the United States. As of September 30, 2021, this segment reported substantial proved developed and undeveloped reserves, comprising 21,537 thousand barrels of oil and 3,723,433 million cubic feet of natural gas. NFG's Pipeline and Storage arm manages interstate natural gas transmission and storage services. This involves an integrated pipeline network spanning Pennsylvania and New York, alongside the operation of underground natural gas storage facilities. Beyond transporting natural gas for National Fuel Gas Distribution Corporation, this segment also provides services to various other utilities, industrial companies, and power producers throughout New York State. It notably owns and operates the Empire Pipeline. The Gathering segment focuses on the construction, ownership, and operation of natural gas processing and pipeline gathering infrastructure, primarily located in the Appalachian region. It also extends gathering services to Seneca Resources Company, LLC. The Utility division supplies natural gas or offers natural gas transportation services to approximately 753,000 customers. These customers are situated in Buffalo, Niagara Falls, and Jamestown, New York, as well as Erie and Sharon, Pennsylvania. The company actively markets natural gas to a broad spectrum of clients, including industrial, wholesale, commercial, public authority, and residential customers, predominantly within western and central New York and northwestern Pennsylvania. Beyond its core energy operations, as of September 30, 2021, NFG also held significant timber assets, comprising approximately 95,000 acres of owned timber property and management rights for an additional 2,500 acres of timber. National Fuel Gas Company was established in 1902 and its corporate headquarters are situated in Williamsville, New York.

Website
www.nationalfuel.com
Location
Williamsville, NY, US
Phone716 857 7000
Employees2,322
CEODavid Bauer
Sector
Utilities
Industry
Gas Utilities
IPO DateMay 3, 1973

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Latest Documents

SEC Filings(3.3K)

Expand
  • 8-KNEWS RELEASE14 Oct
  • 4TANSKI RONALD J2 Oct
  • 4SHAW JEFFREY W2 Oct
  • 4SMITH DAVID F2 Oct
  • 4SKAINS THOMAS E2 Oct
  • 4Ranich Rebecca2 Oct
  • 4JAGGERS JOSEPH N2 Oct
  • 4Finch Steven C.2 Oct
  • 4Carroll David C.2 Oct
  • 4BAUMANN BARBARA M2 Oct
  • 4ANDERSON DAVID HUGO2 Oct
  • 8-KNational Fuel Gas Company Completes Acquisition of CenterPoint1 Oct
  • 4Silverstein Timothy J17 Sep
  • 4Mendel Elena G17 Sep
  • 4Krebs Martin A17 Sep
  • 4Loweth Justin I17 Sep
  • 4Hartz Lee E17 Sep
  • 4Del Vecchio Joseph N17 Sep
  • 4Colpoys Michael D17 Sep
  • 4Bauer David P17 Sep

News

  • National Fuel Schedules Fourth Quarter and Full Year Fiscal 2026 Earnings Conference Call15 Oct
  • National Fuel Gas Company (NFG) Discusses Planned Spin-Off of Integrated Upstream and Gathering Business Transcript14 Oct
  • National Fuel Gas Plans 2027 Spinoff to Create Utility and Appalachian Gas Producer14 Oct
  • National Fuel Gas Company Announces Plan to Separate Its Integrated Upstream and Gathering Business14 Oct
  • 10 Dividend Growth Stocks: October 202611 Oct
  • National Fuel Acquires CenterPoint's Ohio Gas Utility for $2.62B1 Oct
  • National Fuel Gas Company Completes Acquisition of CenterPoint Energy's Ohio Natural Gas Utility1 Oct
  • CenterPoint Energy completes sale of its Ohio natural gas business to National Fuel Gas Company for $2.62 billion1 Oct
  • National Fuel Gas Company (NFG) to Distribute Quarterly Dividend of $0.56 on October 15th28 Sep
  • National Fuel Evaluates Split to Strengthen Regulated Business Focus18 Sep
  • The Dividend Kings Ranked By Quality Scores (September 2026)18 Sep
  • National Fuel Declares Quarterly Dividend17 Sep
  • National Fuel board to complete review of plan to split company by October 1517 Sep
  • National Fuel Gas Company Announces Timeline to Conclude Evaluation of a Plan to Separate into Two Independent Publicly Traded Companies17 Sep
  • National Fuel Gas explores options for $5 billion natural gas production business, sources say16 Sep
  • National Fuel Gas Company $NFG Stock Holdings Lifted by California State Teachers Retirement System15 Sep
  • HighTower Advisors LLC Cuts Position in National Fuel Gas Company $NFG13 Sep
  • National Fuel Releases its 2025 Corporate Responsibility Report10 Sep
  • 9,196 Shares in National Fuel Gas Company $NFG Acquired by Freestone Grove Partners LP31 Aug
  • Beacon Pointe Advisors LLC Acquires New Holdings in National Fuel Gas Company $NFG29 Aug

Mentions in Filings

  • … cations services, from 1991 to 2002, and in various other senior management positions with Verizon and its predecessors prior to that time. Mr. Salerno previously served as a director of Sphere Entertainment from 2020 to April 2023, MSG Sports from 2019 to 2020, <strong>National Fuel Gas Company</strong> from 2008 to 2013, CBS Corporation from 2007 to 2016, Viacom, Inc. from 1996 to 2017 and FCB Financial Holdings, Inc. from 2010 to 2019. Key Skills & Experience
    Madison Square Garden Entertainment Corp.National Fuel Gas Co·DEF 14A - Definitive proxy statement·Q2 27·22 Oct
  • … 00 | | HPQ | HP Inc. | | 3.33% | | 154 | | 32.44 | | 4,996 | | Materials (3.30%): | | | | | | | | | | | PPG | PPG Industries, Inc. | | 3.30% | | 47 | | 105.46 | | 4,957 | | Utilities (3.34%): | | | | | | | | | | | NFG | <strong>National Fuel Gas Company</strong> | | 3.34% | | 64 | | 78.21 | | 5,005 | | | Total Investments | | 100.00% | | | | | $ | 150,013 | See “Notes to Schedules of Investments” on page 11. | | | --- | | 10 | NOTES TO SCHEDULES OF INVESTMENTS …
    FT 13254National Fuel Gas Co·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·9 Oct
  • … | Amdocs Limited † | | 3.31% | | 77 | | 60.25 | | 4,639 | | Materials (3.32%): | | | | | | | | | | | SON | Sonoco Products Company | | 3.32% | | 96 | | 48.40 | | 4,646 | | Utilities (3.35%): | | | | | | | | | | | NFG | <strong>National Fuel Gas Company</strong> | | 3.35% | | 60 | | 78.21 | | 4,693 | | | Total Investments | | 100.00% | | | | | $ | 139,998 | See “Notes to Schedule of Investments” on page 8. | | | --- | | 7 | **NOTES TO SCHEDULE OF INVESTMENTS** …
    FT 13252National Fuel Gas Co·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·9 Oct
  • … 3.74%): | | | | | | | | | | | NUE | Nucor Corporation | | 2.05% | | 14 | | 246.14 | | 3,446 | | PPG | PPG Industries, Inc. | | 1.69% | | 27 | | 105.46 | | 2,847 | | Utilities (1.68%): | | | | | | | | | | | NFG | <strong>National Fuel Gas Company</strong> | | 1.68% | | 36 | | 78.21 | | 2,816 | | | Total Investments | | 100.00% | | | | | $ | 168,010 | See “Notes to Schedules of Investments” on page 11. | | | --- | | 8 | | | | --- | | Schedule of Investments | T …
    FT 13253National Fuel Gas Co·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·9 Oct
  • **Exhibit 10.1** ***Execution Version*** SELLER NOTE AGREEMENT dated as of October 1, 2026, by and between <strong>NATIONAL FUEL GAS</strong> COMPANY, as the Borrower, and CENTERPOINT ENERGY RESOURCES CORP., as Lender Table of Contents | | | --- | | Page | | | | | | --- | --- | --- | | Article IDefinitions | 2 | | | Section 1.01. | Defined Terms | 2 | | Section 1.02. | [Reserved] | 12 | | Section 1.03. | Terms Generally | 13 | | Section 1.04. | Accou …
    CENTERPOINT ENERGY RESOURCES CORPNational Fuel Gas Co·EX-10.1 - 8-K - Completion of Acquisition or Disposition of Assets·Q4 26·1 Oct
  • … t 99.1** | | | --- | | For more information, contact **Communications**[email protected] | **For Immediate Release** **CenterPoint Energy completes sale of its Ohio natural gas business to <strong>National Fuel Gas Company</strong> for $2.62 billion** **HOUSTON – Oct. 1, 2026 –** CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint” or the “Company”) today announced that it has successfully completed the previously announced $2.62 billion sa …
    CENTERPOINT ENERGY RESOURCES CORPNational Fuel Gas Co·EX-99.1 - 8-K - Completion of Acquisition or Disposition of Assets·Q4 26·1 Oct

Key Stats

Trading

Px/Chg 1D$76.43 / +0.22%
Avg Volume798.57K
Beta-0.15
Mkt Cap7.26B
FD Mkt Cap7.92B

Float

Shrs Out/Float95.05M / 93.65M
Short Float0.06%
Days to Cover6.65
Stock Repurchased$65.00K

Current Valuation

EV9.66B
EV/EBITDA6.24
EV/Sales3.87
P/B1.90
P/S2.91
FCF Yield2.23%
ROE6.48%
ROA2.71%
Current Ratio0.62

Dividend

Cash$0.54
Yield2.28%
Yield (TTM)2.28%

Estimates

P/E10.58
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgFeb '23Feb '24Jan '25Jan '26Oct '26
PRICE-BASED RATIOS
Price / Earnings39.719.368.8181.0769.9529.33
Price / Sales6.502.421.933.2316.458.46
Price / Book Value2.102.551.422.212.431.90
Price / Free Cash Flow1,515.747,625.8818.5046.64-157.2344.92
ENTERPRISE VALUE METRICS
Enterprise Value8,750.67,946.36,819.69,024.710,298.49,663.9
Enterprise Value / Sales9.053.643.144.6422.5611.26
Enterprise Value / EBITDA15.916.725.7713.2133.8519.99
Enterprise Value / EBIT28.179.778.8239.9455.7626.54

Financials

Full Financials
Millions USD5Yr CAGR (%)Sep '21Sep '22Sep '23Sep '24Sep '25
INCOME STATEMENT
Revenue6.9%1,742.72,186.02,173.81,944.82,277.5
Gross Income18.7%759.7903.0847.8817.71,506.2
EBITDA8%960.01,182.81,182.9683.01,306.5
EBIT8%624.7813.0773.3226.0849.9
Net Income9.3%363.6566.0476.977.5518.5
EPS (Diluted)9.4%3.976.155.170.845.68
BALANCE SHEET
Cash & ST Inv8.2%31.546.055.438.243.2
Total Assets4%7,464.87,896.38,280.38,319.88,719.1
Total Liabilities-23.9%5,678.65,816.45,316.95,471.45,624.5
Total Shareholder Equity14.7%1,786.22,079.92,963.42,848.33,094.6
CASH FLOW
Net Operating Cash Flow8.6%791.6812.51,237.11,066.01,100.0
Cap Ex5%-751.7-811.8-1,009.9-931.2-912.8
Free Cash Flow47.3%39.80.7227.2134.7187.2

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)80.42
Basic Shares95.05
Market Cap7,643.5
Diluted Shares95.69
Fully Diluted Shares Outstanding95.69
Fully Diluted Market Cap7,695.5
+Consolidated Debt2,426.2
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-26.6
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value10,043.1

Segment data

Revenue

by Products and services

  • Utility59%
  • Pipeline And Storage31%
  • Intersegment Eliminations11%

Revenue

by Geography

  • New York100%

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