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National Fuel Gas NFG Invested capital

Discontinued — last reported Q3 '26

Invested capital at other companies

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8.6%-0.2pp
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3.2%0.0pp
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32.6%+2.0pp
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Morgan StanleyMS
16.9%+0.4pp
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Wells Fargo & CompanyWFC
20.5%-0.7pp
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American ExpressAXP
49.1%-10.0pp

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$7.5B-4.6%
Enterprise value$9.83B-4.2%
P/E11.1×
P/S-0.6×

Profitability

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Gross margin87.7%-2.6pp
Operating margin40.3%
Net margin26.9%
FCF margin7.1%

Returns & leverage

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

Where this comes from

Calculated from National Fuel Gas’s reported figures.

The source filing: National Fuel Gas’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 11:54 AM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q3 2026
Accession
0000070145-26-000033

FAQ

What is National Fuel Gas's invested capital?
National Fuel Gas (NFG) reported invested capital of $6.26B in Q2 2026.
How has National Fuel Gas's invested capital changed year-over-year?
National Fuel Gas's invested capital increased by 16.3% year-over-year, from $5.38B to $6.26B.
What is the long-term trend for National Fuel Gas's invested capital?
Over 4 years (2021 to 2025), National Fuel Gas's invested capital has grown at a 6.0% compound annual growth rate (CAGR), from $4.46B to $5.63B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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