The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

NFG

Concerning the House

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.

United States · www.nationalfuel.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$2.25B+3.1%
Operating income$813.46M+4.5%
Net income$77.51M-2.0%
Cash from ops$1.10B+10.2%
Quotation

$81.51

-0.21 (-0.3%)

52w hi$95.30
52w lo$75.35
Vol261.84K
As ofAug 13
The Verdict

Hold

Our score -0.11

Short-0.35
Medium+0.00
Long+0.15

computed 2026-08-13

By the Numbers

National Fuel Gas Company

Energy · Oil & Gas Integrated

Market cap$7.75B
Enterprise value$10.10B
Trailing P/E11.35x
Forward P/E10.84x
EV / EBITDA6.63x
P / S (ttm)3.08x
Profit margin26.9%
Return on equity19.6%
Revenue growth+1.1%
Earnings growth-11.6%
Debt / equity90.92
Risk Metrics
Beta vs SPX0.18
Corr SPX0.14
Annual vol20.6%
Annual ret+17.9%
Sharpe0.87
Max DD-21.2%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.21
Sector+0.13
Technical-0.16
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$81.54$82.16$81.04$81.51261.84K
Aug 12$81.50$82.14$80.87$81.72609.30K
Aug 11$81.70$82.29$81.17$82.25519.70K
Aug 10$80.72$81.90$80.33$81.82477.90K
Aug 7$80.12$81.49$79.92$80.54673.70K