What does pipeline and storage — lease operating expense mean?

This metric captures the direct costs incurred to operate and maintain leased assets or production-related facilities within the segment. It is a vital measure for evaluating the variable cost burden associated with maintaining active energy infrastructure and production leases.

National Fuel Gas NFG Pipeline and Storage — Lease Operating Expense

Other segment segments

All Other

$0—

Similar metrics at other companies

ATOPipeline and storage segment — Operation and maintenance expense

$27.05M-48.0%

ARExploration And Production — Operating Lease Expense

$44.53M+31.0%

APAOil and Gas, Exploration and Production — Lease operating expenses

$376M-11.0%

PRLease operating expenses

$192.88M+7.4%

OXYOil and gas lease operating expense

$1.12B-8.1%

SSD

SSDOperating Lease Expense

$4.91M+15.6%

Other financials

Income statement

See full

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

See full

Gross margin87.8%-3.1pp

Operating margin41.2%—

Net margin27.4%—

FCF margin7.2%—

Returns & leverage

See full

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 pipeline and storage — lease operating expense?: National Fuel Gas (NFG) reported pipeline and storage — lease operating expense of $0 in Q1 2026.
What does pipeline and storage — lease operating expense mean?: This metric captures the direct costs incurred to operate and maintain leased assets or production-related facilities within the segment. It is a vital measure for evaluating the variable cost burden associated with maintaining active energy infrastructure and production leases.