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National Fuel Gas NFG Reserve For Gas Replacement — Gas Stored Underground

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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 us-gaap:EnergyRelatedInventoryGasStoredUnderground.

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 reserve for gas replacement — gas stored underground?
National Fuel Gas (NFG) reported reserve for gas replacement — gas stored underground of $0 in Q3 2026.
What is the long-term trend for National Fuel Gas's reserve for gas replacement — gas stored underground?
Over 4 years (2021 to 2025), National Fuel Gas's reserve for gas replacement — gas stored underground has grown at a 6.4% compound annual growth rate (CAGR), from $32.43M to $41.6M.
What does reserve for gas replacement — gas stored underground mean?
This metric represents the volume of natural gas held in underground storage facilities specifically designated for the utility segment's operational requirements. It serves as a critical inventory buffer to ensure reliable supply during periods of peak demand or supply disruption. Monitoring these levels provides insight into the utility's ability to manage seasonal load volatility and maintain service continuity for its customer base.