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National Fuel Gas NFG Q2 2026 earnings

Reported April 29, 2026 · After market close

Revenue$858.4MBeat by $1.8M
EPS$2.71Miss by $0.14
Revenue estimate$856.6M
EPS estimate$2.85

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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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

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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

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Operating cash flow$382.4M+50.7%
CapEx$220.6M+13.8%
Free cash flow$161.7M+170%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$7.67B-1.2%
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%

Versus estimates

Revenue

Q2 2026$858.4MBeat by $1.8M
Q1 2026$651.5MMiss by $2.3MQ4 2025$456.4MMiss by $57.1MQ3 2025$531.8MMiss by $8.2MQ2 2025$730.0MMiss by $44.6MQ1 2025$549.5MMiss by $87.7M

Diluted EPS

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

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Questions, answered.

When did National Fuel Gas report Q2 2026 earnings?
National Fuel Gas (NFG) reported Q2 2026 earnings on April 29, 2026 after market close.
What were National Fuel Gas's Q2 2026 revenue and EPS?
National Fuel Gas reported revenue of $858.4M and eps of $2.71 for Q2 2026.
Did National Fuel Gas beat estimates in Q2 2026?
Revenue beat the consensus estimate of $856.6M by $1.8M. EPS missed the consensus estimate of $2.85 by $0.14.
How did National Fuel Gas's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.6% from $730.0M a year earlier and eps grew 13.4% from $2.39.
Where can I find National Fuel Gas's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-192083) and the 10-Q periodic report (0000070145-26-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.