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National Fuel Gas NFG Integrated Upstream and Gathering — Derivative Financial Instruments

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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$7.66B-2.5%
Enterprise value$10B-2.6%
P/E11.4×
P/S3.1×-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:DerivativeGainLossOnDerivativeNet.

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

Filed
Jul 30, 2026, 11:54 AM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q3 2026
Accession
0000070145-26-000033
Quarter Ended June 30, 2026 (Thousands) / Revenues By Type of ServiceQuarter Ended June 30, 2026 (Thousands) / Integrated Upstream and GatheringQuarter Ended June 30, 2026 (Thousands) / Pipeline and StorageUtilityTotal Reportable SegmentsAll OtherCorporate and Intersegment EliminationsTotal Consolidated
Natural Gas Residential Sales121,502121,502121,502
Natural Gas Commercial Sales14,12914,12914,129
Natural Gas Industrial Sales885885(1)884
Other5,400(25)3,1588,533(229)8,304
Total Revenues from Contracts with Customers244,258106,541160,235511,034(37,060)473,974
Alternative Revenue Programs5,2655,2655,265
Derivative Financial Instruments58,25858,25858,258
Total Revenues$302,516$106,541$165,500$574,557$(37,060)$537,497

Item 1. Financial Statements (Unaudited)

FAQ

What is National Fuel Gas's integrated upstream and gathering — derivative financial instruments?
National Fuel Gas (NFG) reported integrated upstream and gathering — derivative financial instruments of $58.26M in Q2 2026.
How has National Fuel Gas's integrated upstream and gathering — derivative financial instruments changed year-over-year?
National Fuel Gas's integrated upstream and gathering — derivative financial instruments increased by 2216.4% year-over-year, from $2.52M to $58.26M.
What is the long-term trend for National Fuel Gas's integrated upstream and gathering — derivative financial instruments?
Over 2 years (2023 to 2025), National Fuel Gas's integrated upstream and gathering — derivative financial instruments has grown at a -27.0% compound annual growth rate (CAGR), from -$88.02M to $46.96M.
What does integrated upstream and gathering — derivative financial instruments mean?
Captures the net gains or losses resulting from financial derivative contracts used to hedge commodity price volatility. These instruments are essential for managing exposure to fluctuating natural gas prices in the upstream segment. A high level of volatility here indicates significant market risk exposure or the effectiveness of the company's hedging strategy.

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