National Fuel Gas Company (NFG)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,546 | 1,743 | 2,186 | 2,174 | 1,945 | 2,278 | 2,504 | 2,550 |
| Operating profit | $m | 813 | 1,012 | ||||||
| Net profit | $m | -124 | 364 | 566 | 477 | 78 | 519 | 675 | 663 |
| EPS reported | $ | 5.68 | 7.20 | ||||||
| Operating cashflow per share | $ | 12.15 | 13.57 | ||||||
| Capex per share | $ | 10.09 | 11.20 | ||||||
| FCF per share | $ | 2.07 | 2.37 | ||||||
| Free cash flow | $m | 187 | 222 | ||||||
| Net debt | $m | 2,790 | 2,332 | ||||||
| Book value equity | $m | 3,095 | 3,924 | ||||||
| Book value per share | $ | 33.92 | 41.54 | ||||||
| Number of shares | m | 91.23 | 94.45 | ||||||
| DPS (TTM paid) | $ | 2.12 | 2.72 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 16.26 | 10.97 | ||||||
| P/B LTM | x | 2.70 | 2.13 | ||||||
| P/S LTM | x | 3.67 | 3.34 | ||||||
| P/FCF LTM | x | 44.65 | 37.61 | ||||||
| EV/EBITDA LTM | x | 8.53 | 7.32 | ||||||
| EV/Sales LTM | x | 4.90 | 4.04 | ||||||
| Earnings Yield LTM | % | +6.15% | +9.12% | ||||||
| FCF Yield | % | +2.24% | +2.66% | ||||||
| Quality | |||||||||
| ROE | % | +16.76% | +18.72% | ||||||
| ROIC | % | +7.37% | +7.59% | ||||||
| Operating margin | % | +35.72% | +40.42% | ||||||
| Gross margin | % | +66.13% | +49.00% | ||||||
| FCF/Sales | % | +8.22% | +8.88% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +576.19% | +757.14% | ||||||
| Sales Growth YoY | % | +17.11% | +28.74% | ||||||
| Net Income Growth YoY | % | +568.93% | +771.18% | ||||||
| FCF Growth | % | +38.95% | +64.98% | ||||||
| Operating Profit Growth | % | +287.87% | +382.52% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.25% | +2.64% | ||||||
| Dividend Growth | % | +3.92% | +33.09% | ||||||
| Payout Ratio | % | +36.37% | +29.52% | ||||||
| FCF/Debt | x | 0.07 | 0.06 | ||||||
| Net Debt/EBITDA | x | 2.14 | 1.53 | ||||||
| EBIT/Net interest | x | 5.22 | 6.81 | ||||||
| Net debt/market cap | % | +33.89% | +45.82% | ||||||
| Net debt/Equity | x | 0.90 | 0.59 | ||||||
| Gross debt/equity | x | 0.92 | 0.91 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
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.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
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.
- Surgutneftegas Public Joint Stock Company
- Guanghui Energy Co., Ltd.
- Public Joint Stock Oil Company Bashneft
- PT Perusahaan Gas Negara Tbk
- Zhongman Petroleum and Natural Gas Group Corp., Ltd.
- National Gas & Industrialization Co.
- CITIC Resources Holdings Limited
- TR Dogal Enerji Kaynaklari Arastirma ve Uretim Anonim Sirketi
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