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National Fuel Gas NFG Integrated Upstream and Gathering — Gathering Operation and Maintenance Expense

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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 nfg:GatheringOperationAndMaintenanceExpense.

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 — gathering operation and maintenance expense?
National Fuel Gas (NFG) reported integrated upstream and gathering — gathering operation and maintenance expense of $13.81M in Q1 2026.
How has National Fuel Gas's integrated upstream and gathering — gathering operation and maintenance expense changed year-over-year?
National Fuel Gas's integrated upstream and gathering — gathering operation and maintenance expense increased by 50.7% year-over-year, from $9.16M to $13.81M.
What does integrated upstream and gathering — gathering operation and maintenance expense mean?
Represents the costs associated with the routine operation and upkeep of the gathering pipeline systems that transport gas from wells to processing facilities. Efficient management of these expenses is crucial for maintaining the reliability and throughput of the midstream infrastructure. High costs relative to throughput may indicate aging infrastructure or operational inefficiencies.