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National Fuel Gas NFG Integrated Upstream and Gathering — Lease Operating Expense

Other segment segments

All Other
$0

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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:ProductionCosts.

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 — lease operating expense?
National Fuel Gas (NFG) reported integrated upstream and gathering — lease operating expense of $17.36M in Q1 2026.
How has National Fuel Gas's integrated upstream and gathering — lease operating expense changed year-over-year?
National Fuel Gas's integrated upstream and gathering — lease operating expense increased by 39.0% year-over-year, from $12.49M to $17.36M.
What does integrated upstream and gathering — lease operating expense mean?
Covers the direct costs incurred to operate and maintain producing wells and related lease equipment. These expenses are fundamental to the ongoing production of natural gas and are a primary component of the segment's cash operating costs. Investors monitor this to gauge the unit-level profitability of the company's production assets.