National Fuel Gas (NFG) vs Ultrapar Participacoes S.A. (New) (UGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Ultrapar Participacoes S.A. (New) (UGP) has outperformed National Fuel Gas (NFG) over the past year, gaining 102.1% versus a loss of 12.9%. Over five years, UGP leads with a +180.4% price change compared with +34.4% for NFG. Ultrapar Participacoes S.A. (New) is the larger company by market cap ($8.25 billion vs $7.38 billion), about 1.1 times the size.
On valuation, National Fuel Gas trades at a lower forward P/E (10.4x vs 12.2x for Ultrapar Participacoes S.A. (New)). Ultrapar Participacoes S.A. (New) offers the higher dividend yield (25.84% vs 2.78%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NFG | UGP |
|---|---|---|
| Share price | $77.68 | $7.74 |
| Market cap | $7.38B | $8.25B |
| 1-day change | -0.86% | 0.00% |
| YTD return | -2.97% | +105.31% |
| 1-year return | -12.89% | +102.09% |
| 5-year return | +34.42% | +180.43% |
| P/E ratio (TTM) | 10.82 | 12.48 |
| Forward P/E | 10.40 | 12.18 |
| EPS (TTM) | $7.18 | $0.62 |
| Dividend yield | 2.78% | 25.84% |
| Annual dividend | $2.16 | $2.00 |
| Revenue (latest FY) | $2.28B | — |
| Revenue growth (YoY) | +17.11% | — |
| Net income (latest FY) | $518.50M | — |
| Gross margin | 90.63% | — |
| Operating margin | 35.72% | — |
| Net margin | 22.77% | — |
| 52-week high | $97.06 | $8.28 |
| 52-week low | $75.03 | $3.60 |
| Distance from 52-week high | -19.97% | -6.52% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.72% | -0.90% |
| Average volume | 707.61K | 4.03M |
| Shares outstanding | 95.05M | 1.07B |
| Employees | 2,322 | 11,557 |
| Sector | Utilities | Utilities |
| Industry | Oil/Gas Transmission | Oil/Gas Transmission |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- UGP has outperformed NFG by 115.0 percentage points over the past year.
- Ultrapar Participacoes S.A. (New) offers a meaningfully higher dividend yield (25.84% vs 2.78%).
About National Fuel Gas
NFG stock →National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments.
Utilities · Oil/Gas Transmission · 2,322 employees
About Ultrapar Participacoes S.A. (New)
UGP stock →Ultrapar Participações S.A., through its subsidiaries, operates in the energy, mobility, and logistics infrastructure sectors in Brazil, the rest of Europe, the United States, Canada, other Latin American countries, Oceania, and internationally. It operates through Ultragaz, Ipiranga, Ultracargo, and Hidrovias segments.
Utilities · Oil/Gas Transmission · 11,557 employees
NFG vs UGP FAQ
Which is bigger, National Fuel Gas or Ultrapar Participacoes S.A. (New)?
Ultrapar Participacoes S.A. (New) (UGP) is larger, with a market capitalization of $8.25B compared with $7.38B for National Fuel Gas (NFG).
Which stock has performed better over the past year, NFG or UGP?
UGP returned +102.09% over the past 12 months, compared with -12.89% for NFG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NFG or UGP?
NFG has the lower trailing P/E at 10.8, versus 12.5 for UGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, National Fuel Gas or Ultrapar Participacoes S.A. (New)?
Ultrapar Participacoes S.A. (New) has the higher yield at 25.84%, compared with 2.78% for National Fuel Gas.
Are National Fuel Gas and Ultrapar Participacoes S.A. (New) in the same industry?
Yes. Both are classified in the Oil/Gas Transmission industry within the Utilities sector.