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National Fuel Gas NFG Pipeline and Storage — Intersegment Revenues

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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$7.66B-2.5%
Enterprise value$10B-2.6%
P/E11.4×
P/S3.1×-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 nfg:IntersegmentRevenues.

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
Line itemQuarter Ended June 30, 2026 / Integrated Upstreamand GatheringQuarter Ended June 30, 2026 / Pipelineand StorageQuarter Ended June 30, 2026 / UtilityQuarter Ended June 30, 2026 / Total Reportable SegmentsQuarter Ended June 30, 2026 / All Other(4)Quarter Ended June 30, 2026 / Corporateand Intersegment Eliminations(4)Total Consolidated
(Thousands)
Revenue from External Customers(1)$302,516$69,559$165,422$537,497$537,497
Intersegment Revenues36,9827837,060(37,060)
Total Revenues302,516106,541165,500574,557(37,060)537,497
Operation and Maintenance Expense(2):
Upstream General and Administrative Expense17,48717,487(63)17,424
Lease Operating Expense15,84715,847(532)15,315
Gathering Operation and Maintenance Expense13,59513,595(69)13,526

Item 1. Financial Statements (Unaudited)

FAQ

What is National Fuel Gas's pipeline and storage — intersegment revenues?
National Fuel Gas (NFG) reported pipeline and storage — intersegment revenues of $36.98M in Q2 2026.
How has National Fuel Gas's pipeline and storage — intersegment revenues changed year-over-year?
National Fuel Gas's pipeline and storage — intersegment revenues decreased by 1.6% year-over-year, from $37.6M to $36.98M.
What is the long-term trend for National Fuel Gas's pipeline and storage — intersegment revenues?
Over 4 years (2021 to 2025), National Fuel Gas's pipeline and storage — intersegment revenues has grown at a 8.5% compound annual growth rate (CAGR), from $109.16M to $151.47M.
What does pipeline and storage — intersegment revenues mean?
This metric represents the revenue earned by the pipeline and storage segment for services provided to other internal business units, such as exploration and production. It highlights the level of vertical integration within the company and the internal utilization of its midstream assets.

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