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National Fuel Gas NFG Utility — Average depreciation, depletion and amortization rates

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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:AverageDepreciationDepletionAndAmortizationRate.

The source filing: National Fuel Gas’s 10-K, filed November 21, 2025.

Filed
Nov 21, 2025
Fiscal year
FY2026
Accession
0000070145-25-000039
Line itemYear Ended September 30 / 2025Year Ended September 30 / 2024Year Ended September 30 / 2023
Integrated Upstream and Gathering:
Exploration and Production Operations, per Mcfe(1)$0.61$0.69$0.63
Integrated Upstream and Gathering Other Operations3.6%3.6%3.5%
Pipeline and Storage2.6%2.7%2.6%
Utility2.8%2.8%2.7%
All Other and Corporate3.7%3.0%2.9%

Item 8 Financial Statements and Supplementary Data

FAQ

What is National Fuel Gas's utility — average depreciation, depletion and amortization rates?
National Fuel Gas (NFG) reported utility — average depreciation, depletion and amortization rates of 0.7% in Q3 2025.
How has National Fuel Gas's utility — average depreciation, depletion and amortization rates changed year-over-year?
National Fuel Gas's utility — average depreciation, depletion and amortization rates decreased by 0.0% year-over-year, from 0.7% to 0.7%.
What is the long-term trend for National Fuel Gas's utility — average depreciation, depletion and amortization rates?
Over 4 years (2021 to 2025), National Fuel Gas's utility — average depreciation, depletion and amortization rates has grown at a 0.9% compound annual growth rate (CAGR), from 2.7% to 2.8%.
What does utility — average depreciation, depletion and amortization rates mean?
Indicates the average annual rate at which the utility segment allocates the cost of its tangible and intangible assets over their expected useful lives. This rate is a critical indicator of asset aging and the accounting assumptions used to reflect the consumption of infrastructure value.

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