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National Fuel Gas NFG Cost of Removal Regulatory Liability

Cost of Removal Regulatory Liability at other companies

Atmos Energy logo
Atmos EnergyATO
$493.01M-6.9%
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Atmos EnergyATO
$493.01M-6.9%
Consolidated Edison logo
Consolidated EdisonED
$12M+33.3%
Consolidated Edison logo
Consolidated EdisonED
$12M+33.3%
Consolidated Edison logo
Consolidated EdisonED
2.9%-0.1pp
Southern Company logo
Southern CompanySO
$2.05B

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$7.65B-3.6%
Enterprise value$9.99B-3.5%
P/E11.3×
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:CostOfRemovalRegulatoryLiability.

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 itemJune 30,2026September 30,2025
Other Liabilities
Deferred Income Taxes1,353,2871,225,262
Taxes Refundable to Customers302,149306,335
Cost of Removal Regulatory Liability319,921307,659
Other Regulatory Liabilities116,935121,944
Other Post-Retirement Liabilities3,7685,252
Asset Retirement Obligations223,021236,787
Other Liabilities137,390112,636

Item 1. Financial Statements (Unaudited)

FAQ

What is National Fuel Gas's cost of removal regulatory liability?
National Fuel Gas (NFG) reported cost of removal regulatory liability of $319.92M in Q2 2026.
How has National Fuel Gas's cost of removal regulatory liability changed year-over-year?
National Fuel Gas's cost of removal regulatory liability increased by 5.6% year-over-year, from $302.93M to $319.92M.
What is the long-term trend for National Fuel Gas's cost of removal regulatory liability?
Over 4 years (2021 to 2025), National Fuel Gas's cost of removal regulatory liability has grown at a 5.8% compound annual growth rate (CAGR), from $245.64M to $307.66M.
What does cost of removal regulatory liability mean?
This represents the cumulative amount collected from customers in utility rates to cover the future costs of removing or decommissioning utility assets. It is a regulatory liability that acknowledges the company's obligation to fund asset retirement activities over time. This balance is critical for assessing the long-term capital expenditure requirements and regulatory recovery status of utility infrastructure.

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