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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$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%
CapEx$220.6M+13.8%
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:DerivativeGainLossOnDerivativeNet.

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 integrated upstream and gathering — derivative financial instruments?
National Fuel Gas (NFG) reported integrated upstream and gathering — derivative financial instruments of -$48.69M in Q1 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 decreased by 521.6% year-over-year, from -$7.83M to -$48.69M.
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.