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National Fuel Gas NFG Utility — Revenues, Excluding Intersegment Revenues

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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:RevenuesExcludingIntersegmentRevenues.

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
Line itemQuarter Ended June 30, 2026 / Integrated Upstreamand GatheringQuarter Ended June 30, 2026 / Pipelineand StorageQuarter Ended June 30, 2026 / UtilityQuarter Ended June 30, 2026 / Total Reportable SegmentsQuarter Ended June 30, 2026 / All Other(4)Quarter Ended June 30, 2026 / Corporateand Intersegment Eliminations(4)Total Consolidated
(Thousands)
Revenue from External Customers(1)$302,516$69,559$165,422$537,497$537,497
Intersegment Revenues36,9827837,060(37,060)
Total Revenues302,516106,541165,500574,557(37,060)537,497
Operation and Maintenance Expense(2):
Upstream General and Administrative Expense17,48717,487(63)17,424
Lease Operating Expense15,84715,847(532)15,315
Gathering Operation and Maintenance Expense13,59513,595(69)13,526

Item 1. Financial Statements (Unaudited)

FAQ

What is National Fuel Gas's utility — revenues, excluding intersegment revenues?
National Fuel Gas (NFG) reported utility — revenues, excluding intersegment revenues of $165.42M in Q2 2026.
How has National Fuel Gas's utility — revenues, excluding intersegment revenues changed year-over-year?
National Fuel Gas's utility — revenues, excluding intersegment revenues increased by 5.1% year-over-year, from $157.45M to $165.42M.
What is the long-term trend for National Fuel Gas's utility — revenues, excluding intersegment revenues?
Over 4 years (2021 to 2025), National Fuel Gas's utility — revenues, excluding intersegment revenues has grown at a 5.2% compound annual growth rate (CAGR), from $666.92M to $817.27M.
What does utility — revenues, excluding intersegment revenues mean?
Represents the external revenue generated by the utility segment from third-party customers, excluding any internal sales to other company segments. This provides a clearer view of the segment's actual market-facing performance and contribution to consolidated external revenue.

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