What is National Fuel Gas's other regulatory assets?

National Fuel Gas (NFG) reported other regulatory assets of $127.06M in Q1 2026.

What is the long-term trend for National Fuel Gas's other regulatory assets?

Over 3 years (2022 to 2025), National Fuel Gas's other regulatory assets has grown at a 26.4% compound annual growth rate (CAGR), from $67.1M to $135.49M.

What does other regulatory assets mean?

Miscellaneous long-term assets recognized due to specific regulatory orders or accounting standards that allow for the deferral of costs to be recovered in future periods. These assets represent future cash flows guaranteed by regulatory frameworks.

National Fuel Gas NFG Other Regulatory Assets

Other Regulatory Assets at other companies

Southern CompanySO

$706M—

PNW

Pinnacle West CapitalPNW

$141.3M+50.3%

AmerenAEE

$434M+27.6%

EVR

EvergyEVRG

$261.2M+28.2%

Duke EnergyDUK

$2.27B-14.8%

Southern CompanySO

$7.68B—

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:RegulatoryAssetNoncurrentOther.

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 other regulatory assets?: National Fuel Gas (NFG) reported other regulatory assets of $127.06M in Q1 2026.
What is the long-term trend for National Fuel Gas's other regulatory assets?: Over 3 years (2022 to 2025), National Fuel Gas's other regulatory assets has grown at a 26.4% compound annual growth rate (CAGR), from $67.1M to $135.49M.
What does other regulatory assets mean?: Miscellaneous long-term assets recognized due to specific regulatory orders or accounting standards that allow for the deferral of costs to be recovered in future periods. These assets represent future cash flows guaranteed by regulatory frameworks.