What is National Fuel Gas's capex?

National Fuel Gas (NFG) reported capex of $220.64M in Q1 2026.

How has National Fuel Gas's capex changed year-over-year?

National Fuel Gas's capex increased by 13.8% year-over-year, from $193.83M to $220.64M.

What is the long-term trend for National Fuel Gas's capex?

Over 4 years (2021 to 2025), National Fuel Gas's capex has grown at a 5.0% compound annual growth rate (CAGR), from $751.73M to $912.82M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

National Fuel Gas NFG CapEx

CapEx at other companies

EQT CorporationEQT

$598.51M+19.8%

Williams CompaniesWMB

$954M+39.9%

EnbridgeENB

$2.44B+41.6%

DT MidstreamDTM

$78M+9.9%

Enterprise Products PartnersEPD

$983M-7.4%

OneokOKE

$864M+37.4%

Other financials

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%

Free cash flow$161.7M+170%

Valuation

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Market cap$7.21B+24.5%

Enterprise value$9.31B+14.1%

P/E10.5×—

P/S2.9×+0.1×

Profitability

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Gross margin87.8%-3.1pp

Operating margin41.2%—

Net margin27.4%—

FCF margin7.2%—

Returns & leverage

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Return on equity20.8%—

Debt / equity0.6×-0.4×

Current ratio0.6×+0.1×

Where this comes from

Reported directly by National Fuel Gas in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: National Fuel Gas’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Fuel Gas's capex?: National Fuel Gas (NFG) reported capex of $220.64M in Q1 2026.
How has National Fuel Gas's capex changed year-over-year?: National Fuel Gas's capex increased by 13.8% year-over-year, from $193.83M to $220.64M.
What is the long-term trend for National Fuel Gas's capex?: Over 4 years (2021 to 2025), National Fuel Gas's capex has grown at a 5.0% compound annual growth rate (CAGR), from $751.73M to $912.82M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.