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National Fuel Gas NFG Utility — Operation and Maintenance

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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:UtilitiesOperatingExpenseMaintenanceAndOperations.

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 utility — operation and maintenance?
National Fuel Gas (NFG) reported utility — operation and maintenance of $67.06M in Q1 2026.
How has National Fuel Gas's utility — operation and maintenance changed year-over-year?
National Fuel Gas's utility — operation and maintenance increased by 5.7% year-over-year, from $63.45M to $67.06M.
What is the long-term trend for National Fuel Gas's utility — operation and maintenance?
Over 2 years (2023 to 2025), National Fuel Gas's utility — operation and maintenance has grown at a 6.0% compound annual growth rate (CAGR), from $205.24M to $230.64M.
What does utility — operation and maintenance mean?
Captures the recurring costs associated with the daily operations and upkeep of the utility segment's infrastructure and service delivery systems. Monitoring this helps assess the operational efficiency and cost-management discipline of the regulated utility business.