What is National Fuel Gas's operating income?

National Fuel Gas (NFG) reported operating income of $208.94M in Q2 2026.

How has National Fuel Gas's operating income changed year-over-year?

National Fuel Gas's operating income decreased by 9.3% year-over-year, from $230.25M to $208.94M.

What is the long-term trend for National Fuel Gas's operating income?

Over 3 years (2021 to 2025), National Fuel Gas's operating income has grown at a 8.3% compound annual growth rate (CAGR), from $639.92M to $813.46M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

National Fuel Gas (NFG) Operating Income

Screener

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$3.23B-12.2%

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Other financials

Income statement

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Revenue$537.5M+1.1%

Gross profit$507.6M+0.7%

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$7.5B-4.6%

Enterprise value$9.83B-4.2%

P/E11.1×—

P/S3×-0.6×

Profitability

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Gross margin87.7%-2.6pp

Operating margin40.3%—

Net margin26.9%—

FCF margin7.1%—

Returns & leverage

See full

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 us-gaap:OperatingIncomeLoss.

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

(Thousands of U.S. Dollars, Except Per Common Share Amounts)	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Nine Months Ended June 30, 2026	Nine Months Ended June 30, 2025
Depreciation, Depletion and Amortization	121,058	116,408	362,412	337,055
Impairment of Assets	—	—	—	141,802
	328,557	301,578	1,215,178	1,177,568
Operating Income	208,940	230,252	832,199	633,694
Other Income (Expense):
Other Income (Deductions)	11,866	8,534	37,100	31,486
Interest Expense on Long-Term Debt	(33,181)	(34,333)	(96,776)	(107,356)
Other Interest Expense	(2,831)	(3,556)	(16,344)	(13,033)

Item 1. Financial Statements (Unaudited)

FAQ

What is National Fuel Gas's operating income?: National Fuel Gas (NFG) reported operating income of $208.94M in Q2 2026.
How has National Fuel Gas's operating income changed year-over-year?: National Fuel Gas's operating income decreased by 9.3% year-over-year, from $230.25M to $208.94M.
What is the long-term trend for National Fuel Gas's operating income?: Over 3 years (2021 to 2025), National Fuel Gas's operating income has grown at a 8.3% compound annual growth rate (CAGR), from $639.92M to $813.46M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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National Fuel Gas NFG Operating Income

Operating Income at other companies

Other financials

Income statement

Balance sheet

Cash flow

Valuation

Profitability

Returns & leverage

Where this comes from

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