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National Fuel Gas NFG Pipeline and Storage — Operation and Maintenance

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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 us-gaap:UtilitiesOperatingExpenseMaintenanceAndOperations.

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
Operation and Maintenance:
Utility60,59256,053187,549174,744
Integrated Upstream and Gathering and Other63,53447,137180,904137,312
Pipeline and Storage31,01329,81488,45986,544
Property, Franchise and Other Taxes22,48224,18072,51971,450
Depreciation, Depletion and Amortization121,058116,408362,412337,055
Impairment of Assets141,802
328,557301,5781,215,1781,177,568

Item 1. Financial Statements (Unaudited)

FAQ

What is National Fuel Gas's pipeline and storage — operation and maintenance?
National Fuel Gas (NFG) reported pipeline and storage — operation and maintenance of $31.01M in Q2 2026.
How has National Fuel Gas's pipeline and storage — operation and maintenance changed year-over-year?
National Fuel Gas's pipeline and storage — operation and maintenance increased by 4.0% year-over-year, from $29.81M to $31.01M.
What is the long-term trend for National Fuel Gas's pipeline and storage — operation and maintenance?
Over 2 years (2023 to 2025), National Fuel Gas's pipeline and storage — operation and maintenance has grown at a 7.1% compound annual growth rate (CAGR), from $105.13M to $120.61M.
What does pipeline and storage — operation and maintenance mean?
This metric captures the total recurring costs associated with the daily operation, routine maintenance, and safety compliance of pipeline and storage infrastructure. Monitoring this helps assess the operational efficiency and cost control discipline within the midstream segment.

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