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National Fuel Gas NFG Integrated Upstream and Gathering and Other Revenues — Operating Revenues

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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 us-gaap:Revenues.

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

Filed
Nov 21, 2025
Fiscal year
FY2026
Accession
0000070145-25-000039
Line itemYear Ended September 30 / 2025Year Ended September 30 / 2024Year Ended September 30 / 2023
INCOME
Operating Revenues:
Utility Revenues$817,274$696,807$941,779
Integrated Upstream and Gathering and Other Revenues1,184,136976,615972,346
Pipeline and Storage Revenues276,131271,388259,646
2,277,5411,944,8102,173,771
Operating Expenses:
Purchased Gas213,441150,062437,595

Item 8 Financial Statements and Supplementary Data

FAQ

What is National Fuel Gas's integrated upstream and gathering and other revenues — operating revenues?
National Fuel Gas (NFG) reported integrated upstream and gathering and other revenues — operating revenues of $296.03M in Q3 2025.
How has National Fuel Gas's integrated upstream and gathering and other revenues — operating revenues changed year-over-year?
National Fuel Gas's integrated upstream and gathering and other revenues — operating revenues increased by 21.2% year-over-year, from $244.15M to $296.03M.
What is the long-term trend for National Fuel Gas's integrated upstream and gathering and other revenues — operating revenues?
Over 2 years (2023 to 2025), National Fuel Gas's integrated upstream and gathering and other revenues — operating revenues has grown at a 10.4% compound annual growth rate (CAGR), from $972.35M to $1.18B.
What does integrated upstream and gathering and other revenues — operating revenues mean?
This metric represents the total gross revenue generated by the company's integrated exploration, production, and midstream gathering activities. It reflects the top-line financial performance of the business units responsible for extracting natural gas and providing the necessary infrastructure to transport it from the wellhead to downstream markets. Monitoring this figure allows investors to assess the scale and market demand for the company's upstream and gathering operations.

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