Inside the research
National Fuel Gas Company
NFG Research profile · latest available data
Price overview
$78.99
▲ +0.01 (+0.0%)
| 52w hi | $95.30 |
|---|---|
| 52w lo | $75.35 |
| Vol | 720.90K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.03
| Short | -0.16 |
|---|---|
| Medium | +0.14 |
| Long | +0.18 |
computed 2026-09-27
Key fundamentals
National Fuel Gas Company
Energy · Oil & Gas Integrated
| Market cap | $7.51B |
|---|---|
| Enterprise value | $9.84B |
| Trailing P/E | 11.00x |
| Forward P/E | 10.51x |
| EV / EBITDA | 6.46x |
| P / S (ttm) | 2.99x |
| Profit margin | 26.9% |
| Return on equity | 19.6% |
| Revenue growth | +1.1% |
| Earnings growth | -11.6% |
| Debt / equity | 90.92 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.21 | |
| Sector | +0.09 | |
| Technical | -0.09 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. The Integrated Upstream and Gathering segment explores for, develops, and produces natural gas and oil. It also builds, owns, and operates gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and storage services through its underground natural gas storage fields. This segment also transports and stores natural gas for National Fuel Gas Distribution Corporation, as well as for utilities, industrial companies, and power producers in New York State. The Utility segment sells natural gas to retail customers; and provides natural gas utility services to various customers in Buffalo, Niagara Falls, and Jamestown, New York, as well as in Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
Risk Metrics
| Beta vs SPX | 0.17 |
|---|---|
| Corr SPX | 0.13 |
| Annual vol | 20.7% |
| Annual ret | +15.7% |
| Sharpe | 0.76 |
| Max DD | -21.2% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-11 | Other Material Event, Exhibits | read |
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-07-29 | Reg FD Disclosure, Exhibits | read |
| 2026-06-26 | Other Material Event | read |
| 2026-06-10 | Other Material Event, Exhibits | read |
| 2026-05-27 | Other Material Event | read |
| 2026-05-26 | Other Material Event, Exhibits | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-04-29 | Reg FD Disclosure, Exhibits | read |
| 2026-03-27 | Material Agreement, Material Obligation… | read |
| 2026-03-13 | Shareholder Vote | read |
| 2026-01-29 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-01 | JAGGERS JOSEPH N | Director | Grant | 564 | $43.78K |
| 2026-07-01 | SHAW JEFFREY W | Director | Grant | 564 | $43.78K |
| 2026-07-01 | TANSKI RONALD J | Director | Grant | 564 | $43.78K |
| 2026-07-01 | BAUMANN BARBARA M | Director | Grant | 564 | $43.78K |
| 2026-04-15 | Carroll David C. | Director | J | 182 | $16.33K |
| 2026-04-15 | Ranich Rebecca | Director | J | 106 | $9.51K |
| 2026-04-15 | ANDERSON DAVID HUGO | Director | J | 2 | $179 |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 98.6% |
| HHI | 4,499 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $326.47M | 4.20M |
| AQR Capital Management | $152.10M | 1.97M |
| Capital Research / Capital World | $20.70M | 268.07K |
| Renaissance Technologies | $19.96M | 258.50K |
| Fidelity / FMR LLC | $12.32M | 159.61K |
| Citadel Advisors | $3.65M | 47.26K |
| Bridgewater Associates | $3.62M | 46.91K |
| T. Rowe Price Group | $182.15K | 2.36M |
As of 2026-06-30
Dividends
| Yield (TTM) | 2.03% |
|---|---|
| $ / share (TTM) | $1.60 |
| 5y CAGR | +3.7% |
Annual dividend per share
| 2021 | $1.81 |
|---|---|
| 2022 | $1.88 |
| 2023 | $1.96 |
| 2024 | $2.04 |
| 2025 | $2.12 |
| 2026 | $0.54 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.25B | +3.1% | |
| Operating income | $813.46M | +4.5% | |
| Net income | $77.51M | -2.0% | |
| Cash from ops | $1.10B | +10.2% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $78.60 | $79.09 | $78.06 | $78.99 | 720.90K |
| Sep 24 | $79.16 | $79.78 | $78.63 | $78.98 | 1.06M |
| Sep 23 | $80.30 | $80.65 | $78.57 | $78.61 | 894.00K |
| Sep 22 | $79.62 | $80.38 | $79.14 | $80.00 | 968.00K |
| Sep 21 | $80.83 | $80.89 | $79.57 | $80.00 | 920.20K |
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