# National Fuel Gas Co: overview

NFG · NYSE · CIK 70145 · [Utilities](/sectors/utilities.md) · fiscal year ends Sep 30

Pages: [Overview](/companies/nfg.md) · [Financials](/companies/nfg/financials.md) · [Filings](/companies/nfg/filings.md) · [Insiders](/companies/nfg/insiders.md)

Latest reported revenue: [$474.0m](/filings/0000070145-26-000033.md) for Q3 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000070145-26-000033).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-09-30) | Q1 FY2025 (2024-12-31) | Q2 FY2025 (2025-03-31) | Q3 FY2025 (2025-06-30) | Q4 FY2025 (2025-09-30) | Q1 FY2026 (2025-12-31) | Q2 FY2026 (2026-03-31) | Q3 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [310 d](/filings/0000070145-25-000039.md) | [514](/filings/0000070145-26-000009.md) | [735](/filings/0000070145-26-000017.md) | [527](/filings/0000070145-26-000033.md) | [442 d](/filings/0000070145-25-000039.md) | [638](/filings/0000070145-26-000009.md) | [909](/filings/0000070145-26-000017.md) | [474](/filings/0000070145-26-000033.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(63.4%) d](/filings/0000070145-25-000039.md) | [16.8%](/filings/0000070145-26-000009.md) | [43.2%](/filings/0000070145-26-000017.md) | [43.7%](/filings/0000070145-26-000033.md) | [40.6% d](/filings/0000070145-25-000039.md) | [43.3%](/filings/0000070145-26-000009.md) | [38.2%](/filings/0000070145-26-000017.md) | [44.1%](/filings/0000070145-26-000033.md) |
| Net margin | % | [(54.1%) d](/filings/0000070145-25-000039.md) | [8.8%](/filings/0000070145-26-000009.md) | [29.4%](/filings/0000070145-26-000017.md) | [28.4%](/filings/0000070145-26-000033.md) | [24.3% d](/filings/0000070145-25-000039.md) | [28.5%](/filings/0000070145-26-000009.md) | [27.2%](/filings/0000070145-26-000017.md) | [29.2%](/filings/0000070145-26-000033.md) |
| Diluted EPS | $ per share | not reported | [0.49](/filings/0000070145-26-000009.md) | [2.37](/filings/0000070145-26-000017.md) | [1.64](/filings/0000070145-26-000033.md) | not reported | [1.98](/filings/0000070145-26-000009.md) | [2.59](/filings/0000070145-26-000017.md) | [1.45](/filings/0000070145-26-000033.md) |
| Free cash flow | $m | [(49.1) d](/filings/0000070145-25-000039.md) | [(20.3)](/filings/0000070145-26-000009.md) | [59.9 d](/filings/0000070145-26-000017.md) | [195 d](/filings/0000070145-26-000033.md) | [(47.8) d](/filings/0000070145-25-000039.md) | [(2.7)](/filings/0000070145-26-000009.md) | [162 d](/filings/0000070145-26-000017.md) | [111 d](/filings/0000070145-26-000033.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-09-30) | FY2022 (2022-09-30) | FY2023 (2023-09-30) | FY2024 (2024-09-30) | FY2025 (2025-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,743](/filings/0000070145-23-000040.md) | [3,061](/filings/0000070145-24-000036.md) | [2,255](/filings/0000070145-25-000039.md) | [1,707](/filings/0000070145-25-000039.md) | [2,219](/filings/0000070145-25-000039.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [36.7%](/filings/0000070145-23-000040.md) | [26.6%](/filings/0000070145-24-000036.md) | [33.5%](/filings/0000070145-25-000039.md) | [12.3%](/filings/0000070145-25-000039.md) | [36.7%](/filings/0000070145-25-000039.md) |
| Net margin | % | [20.9%](/filings/0000070145-23-000040.md) | [18.5%](/filings/0000070145-24-000036.md) | [21.1%](/filings/0000070145-25-000039.md) | [4.5%](/filings/0000070145-25-000039.md) | [23.4%](/filings/0000070145-25-000039.md) |
| Diluted EPS | $ per share | [3.97](/filings/0000070145-23-000040.md) | [6.15](/filings/0000070145-24-000036.md) | [5.17](/filings/0000070145-25-000039.md) | [0.84](/filings/0000070145-25-000039.md) | [5.68](/filings/0000070145-25-000039.md) |
| Free cash flow | $m | [39.8](/filings/0000070145-23-000040.md) | [0.7](/filings/0000070145-24-000036.md) | [227](/filings/0000070145-25-000039.md) | [135](/filings/0000070145-25-000039.md) | [187](/filings/0000070145-25-000039.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/nfg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $748.6m | 9,695,230 |  | Added +538,725 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $620.0m | 8,030,342 |  | Added +206,913 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $330.8m | 4,284,248 |  | Added +37,285 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $326.5m | 4,198,608 |  | Added +328,036 |
| [Energy Income Partners, LLC](/funds/1388814.md) | 2026-06-30 | $231.3m | 2,995,843 |  | Added +406,019 |
| [GABELLI FUNDS LLC](/funds/1081407.md) | 2026-06-30 | $179.6m | 2,326,363 |  | Reduced −5,500 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $152.1m | 1,969,955 |  | Added +767,874 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $151.7m | 1,964,373 |  | Added +20,836 |
| [Yaupon Capital Management LP](/funds/1755028.md) | 2026-06-30 | $120.4m | 1,559,618 |  | Added +516,346 |
| [GAMCO INVESTORS, INC. ET AL](/funds/807249.md) | 2026-06-30 | $105.8m | 1,370,347 |  | Added +1,021 |

## Recent filings

[All 1,910 filings](/companies/nfg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-14 | 10:40 ET | [8-K](/filings/0001193125-26-420980.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-420980 |
| 2026-10-01 | 10:59 ET | [8-K](/filings/0001193125-26-409787.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-409787 |
| 2026-08-11 | 21:14 ET | [8-K](/filings/0001193125-26-345004.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-345004 |
| 2026-07-30 | 15:54 ET | [10-Q](/filings/0000070145-26-000033.md) | Quarterly report, period 2026-06-30 | 0000070145-26-000033 |
| 2026-07-30 | 12:18 ET | [8-K](/filings/0000070145-26-000030.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000070145-26-000030 |
| 2026-07-29 | 20:50 ET | [8-K](/filings/0001193125-26-324137.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-324137 |
| 2026-06-26 | 20:17 ET | [8-K](/filings/0001193125-26-285514.md) | 8.01 Other events | 0001193125-26-285514 |
| 2026-06-10 | 14:32 ET | [8-K](/filings/0001193125-26-265249.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-265249 |
| 2026-05-27 | 21:09 ET | [8-K](/filings/0001193125-26-242139.md) | 8.01 Other events | 0001193125-26-242139 |
| 2026-05-26 | 12:56 ET | [8-K](/filings/0001193125-26-238061.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-238061 |

## Latest annual report

[Form 10-K for the fiscal year ended Sep 30, 2025](/filings/0000070145-25-000039.md), filed Nov 21, 2025.

## Forecast league

Q4 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/02f9c411-de1f-4005-b92a-6a54062ee5ff)

## About the filer

- CIK: 70145
- Tickers: NFG
- Exchange: NYSE
- SIC code: 4924 Natural Gas Distribution
- State of incorporation: NJ
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:19 ET. No prices; not investment advice.