Skip to content
Screener

National Fuel Gas NFG Q3 2026 earnings

Reported July 29, 2026 · After market close

Revenue$537.5MMiss by $26.8M
EPS$1.54Beat by $0.10
Revenue estimate$564.3M
EPS estimate$1.44
Looking forward, with the growing demand for natural gas, the outlook for the industry and National Fuel is as strong as ever. Over the last several years, we have consistently enhanced the quality of our asset base, improved capital efficiency, and expanded our long-term growth opportunities through disciplined execution across the Company. Whether it is expanding our pipelines to serve new data center or power generation demand in the region, or producing gas supply to meet growing demand in Appalachia and across markets served by our high-quality firm transportation portfolio, our ability to benefit from these industry tailwinds is evident. In addition, our pending Ohio gas utility acquisition, once completed, will significantly increase rate base for our regulated businesses and provides an additional avenue for meaningful regulated earnings growth.
David P. Bauer

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$473.3M
EPS estimate$1.07

Financials

Q3 2026

Income statement

See full
Revenue$537.5M+1.1%
Gross profit$507.6M+0.7%
Operating income$208.9M-9.3%
Net income$138.6M-7.5%
EPS (diluted)$1.45-11.6%

Balance sheet

See full
Cash & equivalents$1.2B+3,042%
Total debt$3.6B+46.0%
Total equity$3.9B+31.9%
Total assets$10.5B+23.7%

Cash flow

See full
Operating cash flow$377.3M-2.9%
CapEx$266.2M+37.9%
Free cash flow$111.0M-43.2%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$7.64B-3.9%
Enterprise value$9.97B-3.7%
P/E11.3×
P/S-0.6×

Profitability

See full
Gross margin87.7%-2.6pp
Operating margin40.3%
Net margin26.9%

Returns & leverage

See full
Return on equity19.6%
Debt / equity0.9×+0.1×
Current ratio3.2×+2.7×

Segments

By product

See full
Production of Natural Gas$235.0M-21.7%
Natural Gas Residential Sales$121.5M+2.5%
Natural Gas Transportation Service$101.4M+35.2%
Natural Gas Storage Service$25.7M+78.2%
Natural Gas Commercial Sales$14.1M-7.9%

By segment

See full
All Other-

FAQ

When did National Fuel Gas report Q3 2026 earnings?
National Fuel Gas (NFG) reported Q3 2026 earnings on July 29, 2026 after market close.
What were National Fuel Gas's Q3 2026 revenue and EPS?
National Fuel Gas reported revenue of $537.5M and eps of $1.54 for Q3 2026.
Did National Fuel Gas beat estimates in Q3 2026?
Revenue missed the consensus estimate of $564.3M by $26.8M. EPS beat the consensus estimate of $1.44 by $0.10.
How did National Fuel Gas's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.1% from $531.8M a year earlier and eps declined 6.1% from $1.64.
Where can I find National Fuel Gas's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-324137) and the 10-Q periodic report (0000070145-26-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.