Skip to content
OpenCapital
Get started

National Fuel Gas NFG Q2 2025 earnings

Reported April 30, 2025 · After market close

Revenue$730.0MMiss by $44.6MDiluted EPS$2.39Beat by $0.21
Revenue estimate$774.6M
EPS estimate$2.18

Next report

Jul 29, 2026 (in a month)
Revenue estimate$562.3M
EPS estimate$1.45

Financials

Q2 2025

Income statement

See full
Revenue$730.0M+15.9%
Gross profit$594.6M+13.5%
Operating income$317.3M+26.6%
Net income$216.4M+30.1%
EPS (diluted)$2.37+31.7%

Balance sheet

See full
Cash & equivalents$91.3M+79.8%
Total debt$2.6B-2.8%
Total equity$2.8B+3,571%
Total assets$8.5B-2.3%

Cash flow

See full
Operating cash flow$253.8M-19.5%
CapEx$193.8M-17.5%
Free cash flow$59.9M-25.3%

Valuation & ratios

Q2 2025

Valuation

See full
Market cap$7.17B+44.9%
Enterprise value$9.67B+27.8%
P/S3.5×+0.9×

Profitability

See full
Gross margin90.9%+0.4pp

Returns & leverage

See full
Debt / equity0.9×-34.4×
Current ratio0.5×-0.1×

Segments

By product

See full
Production of Natural Gas$318.4M+56.7%
Natural Gas Residential Sales$257.1M+22.2%
Natural Gas Transportation Service$127.7M+37.0%
Natural Gas Commercial Sales$39.6M+28.5%
Natural Gas Storage Service$25.3M+76.6%

Versus estimates

Revenue

Q2 2026$858.4MBeat by $1.8MQ1 2026$651.5MMiss by $2.3MQ4 2025$456.4MMiss by $57.1MQ3 2025$531.8MMiss by $8.2M
Q2 2025$730.0MMiss by $44.6M
Q1 2025$549.5MMiss by $87.7M

Diluted EPS

Q2 2026$2.71Miss by $0.14Q1 2026$2.06Beat by $0.15Q4 2025$1.22Beat by $0.11Q3 2025$1.64Beat by $0.14
Q2 2025$2.39Beat by $0.21
Q1 2025$1.66Beat by $0.09

Ask the moment National Fuel Gas reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did National Fuel Gas report Q2 2025 earnings?
National Fuel Gas (NFG) reported Q2 2025 earnings on April 30, 2025 after market close.
What were National Fuel Gas's Q2 2025 revenue and EPS?
National Fuel Gas reported revenue of $730.0M and diluted EPS of $2.39 for Q2 2025.
Did National Fuel Gas beat estimates in Q2 2025?
Revenue missed the consensus estimate of $774.6M by $44.6M. EPS beat the consensus estimate of $2.18 by $0.21.
How did National Fuel Gas's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.9% from $629.9M a year earlier and diluted EPS grew 33.5% from $1.79.
Where can I find National Fuel Gas's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000070145-25-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.