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National Fuel Gas NFG Appalachian Region — Extensions and Discoveries

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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

Reported directly by National Fuel Gas in its filing.

Tagged under the XBRL concept srt:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions.

The source filing: National Fuel Gas’s 10-K, filed November 21, 2025.

Filed
Nov 21, 2025
Fiscal year
FY2026
Accession
0000070145-25-000039

(1) Extensions and discoveries include 163 Bcf (during 2023), 230 Bcf (during 2024) and 0 Bcf (during 2025), of Marcellus Shale gas (which exceed 15% of total reserves) in the Appalachian region. Extensions and discoveries include 507 Bcf (during 2023), 372 Bcf (during 2024) and 633 Bcf (during 2025), of Utica Shale gas (which exceed 15% of total reserves) in the Appalachian region.

Item 8 Financial Statements and Supplementary Data

FAQ

What is National Fuel Gas's appalachian region — extensions and discoveries?
National Fuel Gas (NFG) reported appalachian region — extensions and discoveries of $158.13K in Q3 2025.
How has National Fuel Gas's appalachian region — extensions and discoveries changed year-over-year?
National Fuel Gas's appalachian region — extensions and discoveries increased by 5.1% year-over-year, from $150.42K to $158.13K.
What is the long-term trend for National Fuel Gas's appalachian region — extensions and discoveries?
Over 4 years (2021 to 2025), National Fuel Gas's appalachian region — extensions and discoveries has grown at a -2.1% compound annual growth rate (CAGR), from $689.4K to $632.54K.
What does appalachian region — extensions and discoveries mean?
Measures the volume of additional oil and gas reserves added to the company's portfolio through successful exploration, drilling, or the extension of existing fields. It serves as a key performance indicator for the effectiveness of the company's capital investment in exploration activities.

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