What is National Fuel Gas's market cap?

National Fuel Gas (NFG) has a market capitalization of $7.7B and trades on NYSE.

What is National Fuel Gas's revenue and profitability?

National Fuel Gas generated $2.5B in trailing twelve-month revenue with net income of $686.5M, representing a net margin of 27.4%. Gross margin stands at 87.8%, with free cash flow of $414.3M. These figures are based on the Q1 2026 filing.

Who are National Fuel Gas's competitors?

National Fuel Gas's key competitors include Williams Companies, EQT Corporation, Enbridge Inc., and others. These companies compete in similar markets and product categories.

Who does National Fuel Gas partner with?

National Fuel Gas's notable partners include DTE Energy Trading, Inc., Emera Energy Services, Inc., Chevron Natural Gas, and others.

What subsidiaries does National Fuel Gas have?

National Fuel Gas's subsidiaries include Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, National Fuel Gas Supply Corporation, and others.

Where is National Fuel Gas headquartered?

National Fuel Gas is headquartered in United States of America and employs approximately 2,240 people. It has been publicly traded since 1955.

National Fuel Gas

NFG

Market cap

$7.67B-3.8%

Revenue$2.5B+21.2%

Net income$686.5M+83.8%

Free cash flow$414.3M+153%

EPS (diluted)$7.38+81.3%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

April 29, 2026

Revenue$858.4MBeat by $1.8M EPS$2.71Miss by $0.14

Read the full report

Next report

Date not yet announced

Financials

Q2 2026

Income statement

See full

Revenue$858.4M+17.6%

Gross profit$650.5M+9.4%

Operating income$347.1M+9.4%

Net income$247.7M+14.5%

EPS (diluted)$2.59+9.3%

Balance sheet

See full

Cash & equivalents$26.6M-70.9%

Total debt$2.1B-17.9%

Total equity$3.8B+38.3%

Total assets$9.1B+7.6%

Cash flow

See full

Operating cash flow$382.4M+50.7%

CapEx$220.6M+13.8%

Free cash flow$161.7M+170%

Valuation & ratios

Valuation

See full

Market cap$7.67B-3.8%

Enterprise value$9.77B-3.9%

P/E11.2×—

P/S3.1×-0.5×

Profitability

See full

Gross margin87.8%-3.1pp

Operating margin41.2%—

Net margin27.4%—

Returns & leverage

See full

Return on equity20.8%—

Debt / equity0.6×-0.4×

Current ratio0.6×+0.1×

Segments

By product

See full

Production of Natural Gas$400.2M+25.7%

Natural Gas Residential Sales$323.0M+25.6%

Natural Gas Transportation Service$131.6M+3.0%

Natural Gas Commercial Sales$50.9M+28.5%

Natural Gas Storage Service$25.7M+1.5%

Competitors

By market cap

Enbridge$120.87B+24.2%

Williams Companies$86.6B+23.3%

Energy Transfer$68.5B+12.3%

TRG

Targa Resources$57.4B+58.3%

EQT Corporation$32.5B+0.4%

DT Midstream$14.3B+42.0%

National Fuel Gas$7.7B-1.2%

Diversified Energy $878.1M-4.0%

By revenue growth

Diversified Energy +185%

EQT Corporation+32.3%

DT Midstream+22.2%

National Fuel Gas+21.2%

Enbridge+13.3%

Energy Transfer+12.5%

Williams Companies+9.0%

TRG

Targa Resources+1.1%

By net margin

DT Midstream36.29%+1.3pp

EQT Corporation28.44%+12.6pp

Diversified Energy 28.08%+91.8pp

National Fuel Gas27.37%+9.3pp

Williams Companies20.62%-6.7pp

TRG

Targa Resources12.87%+4.9pp

Enbridge10.0%-0.3pp

Energy Transfer4.73%-1.2pp

Profile

National Fuel Gas Company is an integrated energy enterprise primarily focused on the natural gas value chain, including exploration, production, gathering, transportation, storage, and retail distribution. The company leverages a concentrated asset base in the Appalachian Basin to provide energy services to markets in the eastern United States and Canada. Its business model integrates upstream production from shale formations with midstream infrastructure and regulated utility operations to optimize capital efficiency.

Competitive position

A leading integrated player in the Appalachian Basin with a unique self-contained ecosystem of production, gathering, and distribution assets.

GeographiesUnited States, Canada, New York, Pennsylvania

Customer segmentsB2C, B2B, Government

Business modelRegulated Utility, Exploration and Production, Fee-based Infrastructure

SuppliersMineral rights and leasehold owners, Oilfield service providers, Pipeline equipment manufacturers, Natural gas producers and suppliers

CustomersResidential heating customers, Industrial manufacturing plants, Electric power generation facilities, Canadian energy markets

CountryUnited States of America

Listed1955

Employees2.2K

CEODavid Bauer

SectorEnergy

IndustryOil & Gas Integrated

Websitenationalfuelgas.com

FilingsSEC EDGAR

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Questions, answered.

What is National Fuel Gas's market cap?: National Fuel Gas (NFG) has a market capitalization of $7.7B and trades on NYSE.
What is National Fuel Gas's revenue and profitability?: National Fuel Gas generated $2.5B in trailing twelve-month revenue with net income of $686.5M, representing a net margin of 27.4%. Gross margin stands at 87.8%, with free cash flow of $414.3M. These figures are based on the Q1 2026 filing.
Who are National Fuel Gas's competitors?: National Fuel Gas's key competitors include Williams Companies, EQT Corporation, Enbridge Inc., and others. These companies compete in similar markets and product categories.
Who does National Fuel Gas partner with?: National Fuel Gas's notable partners include DTE Energy Trading, Inc., Emera Energy Services, Inc., Chevron Natural Gas, and others.
What subsidiaries does National Fuel Gas have?: National Fuel Gas's subsidiaries include Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, National Fuel Gas Supply Corporation, and others.
Where is National Fuel Gas headquartered?: National Fuel Gas is headquartered in United States of America and employs approximately 2,240 people. It has been publicly traded since 1955.