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National Fuel Gas NFG Integrated Upstream and Gathering — Revenue

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All Other
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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-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
(Thousands of U.S. Dollars, Except Per Common Share Amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
INCOME
Operating Revenues:
Utility Revenues$165,422$157,446$850,258$729,445
Integrated Upstream and Gathering Revenues302,516306,402984,561873,901
Pipeline and Storage Revenues69,55967,982212,558207,916
537,497531,8302,047,3771,811,262
Operating Expenses:
Purchased Gas29,87827,986323,335228,661

Item 1. Financial Statements (Unaudited)

FAQ

What is National Fuel Gas's integrated upstream and gathering — revenue?
National Fuel Gas (NFG) reported integrated upstream and gathering — revenue of $302.52M in Q2 2026.
How has National Fuel Gas's integrated upstream and gathering — revenue changed year-over-year?
National Fuel Gas's integrated upstream and gathering — revenue decreased by 1.3% year-over-year, from $306.4M to $302.52M.
What is the long-term trend for National Fuel Gas's integrated upstream and gathering — revenue?
Over 2 years (2023 to 2025), National Fuel Gas's integrated upstream and gathering — revenue has grown at a 6.0% compound annual growth rate (CAGR), from $1.06B to $1.19B.
What does integrated upstream and gathering — revenue mean?
Represents the total gross revenue generated by the integrated upstream exploration, production, and gathering operations. This metric reflects the primary top-line performance of the segment before accounting for intersegment eliminations or specific operating expenses. It serves as a key indicator of the scale and market demand for the company's natural gas production and midstream gathering services.

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