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National Fuel Gas NFG Marcellus Shale Fields — Extensions and Discoveries

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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 srt:ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions.

The official record: National Fuel Gas’s 10-K, filed November 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Fuel Gas's marcellus shale fields — extensions and discoveries?
National Fuel Gas (NFG) reported marcellus shale fields — extensions and discoveries of $0 in Q3 2025.
How has National Fuel Gas's marcellus shale fields — extensions and discoveries changed year-over-year?
National Fuel Gas's marcellus shale fields — extensions and discoveries decreased by 100.0% year-over-year, from $57.5K to $0.
What is the long-term trend for National Fuel Gas's marcellus shale fields — extensions and discoveries?
Over 4 years (2021 to 2025), National Fuel Gas's marcellus shale fields — extensions and discoveries has grown at a -100.0% compound annual growth rate (CAGR), from $180K to $0.
What does marcellus shale fields — extensions and discoveries mean?
This metric represents the volume of proved reserves added through the extension of existing reservoirs or the discovery of new productive zones within the Marcellus Shale region. It serves as a key indicator of exploration success and the company's ability to organically grow its resource base. High values suggest effective geological assessment and successful capital deployment in exploration activities.