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National Fuel Gas NFG Utility — Depreciable plant

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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 nfg:DepreciablePlantAssets.

The official record: National Fuel Gas’s 10-K, filed November 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Fuel Gas's utility — depreciable plant?
National Fuel Gas (NFG) reported utility — depreciable plant of $2.8B in Q3 2025.
How has National Fuel Gas's utility — depreciable plant changed year-over-year?
National Fuel Gas's utility — depreciable plant increased by 5.9% year-over-year, from $2.65B to $2.8B.
What does utility — depreciable plant mean?
Reflects the total historical cost of long-lived utility assets, such as pipelines, distribution networks, and infrastructure, that are subject to depreciation over their useful lives. This metric indicates the scale of the capital base required to maintain and expand utility service delivery.