National Fuel Gas Financial Statements
NYSE: NFGEnergyOil & Gas IntegratedUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
National Fuel Gas revenue and earnings
In fiscal 2025, National Fuel Gas generated $2.28 billion in revenue, up 17.1% from fiscal 2024. Net income was $518.5 million (+568.9% year over year), for a net margin of 22.8% versus a median of 20.9% in the prior 5 years. Gross margin was 90.6% (down from 92.3%) and operating margin 35.7%.
Diluted earnings per share came in at $5.68, up from $0.84. Over the last 5 fiscal years, NFG's revenue has grown at a 8.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
National Fuel Gas income statement (annual)
| Fiscal year (USD) | FY 20252025-09-30 | FY 20242024-09-30 | FY 20232023-09-30 | FY 20222022-09-30 | FY 20212021-09-30 | FY 20202020-09-30 | FY 20192019-09-30 | FY 20182018-09-30 | FY 20172017-09-30 | FY 20162016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.28B | 1.94B | 2.17B | 2.19B | 1.74B | 1.55B | 1.69B | 1.59B | 1.58B | 1.45B |
| Revenue growth (YoY) | +17.11% | -10.53% | -0.56% | +25.44% | +12.70% | -8.68% | +6.32% | +0.81% | +8.78% | — |
| Cost of Revenue | 213.44M | 150.06M | 437.60M | 392.09M | 171.83M | 233.89M | 386.26M | 337.82M | — | — |
| Gross Profit | 2.06B | 1.79B | 1.74B | 1.79B | 1.57B | 1.31B | 1.31B | 1.25B | — | — |
| Operating Expenses | 1.25B | 1.59B | 981.03M | 979.44M | 930.91M | 1.28B | 1.18B | 1.07B | 986.10M | 1.87B |
| Operating Income | 813.46M | 209.72M | 755.15M | 814.52M | 639.92M | 29.86M | 511.81M | 519.72M | 593.78M | -416.52M |
| Interest Expense | 155.83M | 138.69M | 131.89M | 130.36M | 146.36M | 117.08M | 106.76M | 114.52M | 119.84M | 121.04M |
| Other Income (Expense) | 36.43M | 16.23M | 18.14M | -1.51M | -15.24M | -17.81M | -15.54M | -21.17M | -29.78M | 9.82M |
| Pretax Income | 694.05M | 87.25M | 641.40M | 682.65M | 478.33M | -105.03M | 389.51M | 384.03M | 444.16M | -523.51M |
| Income Tax | 175.55M | 9.74M | 164.53M | 116.63M | 114.68M | 18.74M | 85.22M | -7.49M | 160.68M | -232.55M |
| Net Income | 518.50M | 77.51M | 476.87M | 566.02M | 363.65M | -123.77M | 304.29M | 391.52M | 283.48M | -290.96M |
| Net Income growth (YoY) | +568.93% | -83.75% | -15.75% | +55.65% | — | -140.68% | -22.28% | +38.11% | — | — |
| EPS (Basic) | 5.73 | 0.84 | 5.20 | 6.19 | 3.99 | -1.41 | 3.53 | 4.56 | 3.32 | -3.43 |
| EPS (Diluted) | 5.68 | 0.84 | 5.17 | 6.15 | 3.97 | -1.41 | 3.51 | 4.53 | 3.30 | -3.43 |
| Shares Outstanding (Basic) | 90.50M | 91.79M | 91.75M | 91.41M | 91.13M | 87.97M | 86.24M | 85.83M | 85.36M | 84.85M |
| Shares Outstanding (Diluted) | 91.23M | 92.34M | 92.29M | 92.11M | 91.68M | 87.97M | 86.77M | 86.44M | 86.02M | 84.85M |
| EBITDA | 1.27B | 666.75M | 1.16B | 1.18B | 975.23M | 336.02M | 787.47M | 760.68M | 817.97M | -167.10M |
| Gross Margin | 90.63% | 92.28% | 79.87% | 82.06% | 90.14% | 84.87% | 77.19% | 78.79% | — | — |
| Operating Margin | 35.72% | 10.78% | 34.74% | 37.26% | 36.72% | 1.93% | 30.22% | 32.63% | 37.58% | -28.68% |
| Net Margin | 22.77% | 3.99% | 21.94% | 25.89% | 20.87% | -8.00% | 17.97% | 24.58% | 17.94% | -20.03% |
This table shows 10 annual periods of National Fuel Gas's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NFG's reporting calendar. What is a income statement?