(NFG) National Fuel Gas - Overview
Sector: EnergyIndustry: Oil & Gas Integrated | Exchange NYSE (USA) | Currency USD | Market Cap: 9.007m | Total Return 23.1% in 12m
Stock: Natural Gas, Oil, Pipelines, Storage, Utility
Total Rating 63
Risk 75
Buy Signal 0.16
| Risk 5d forecast | |
|---|---|
| Volatility | 20.2% |
| Relative Tail Risk | -6.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.89 |
| Alpha | 18.69 |
| Character TTM | |
|---|---|
| Beta | 0.112 |
| Beta Downside | 0.281 |
| Drawdowns 3y | |
|---|---|
| Max DD | 18.65% |
| CAGR/Max DD | 1.20 |
EPS (Earnings per Share)
Revenue
Description: NFG National Fuel Gas February 27, 2026
National Fuel Gas Company (NYSE: NFG) is a diversified energy firm operating three core segments: Integrated Upstream & Gathering, which explores and produces natural gas and oil while managing gathering infrastructure in the Appalachian Basin; Pipeline & Storage, which runs an interstate gas pipeline network in Pennsylvania and New York and offers underground storage services to utilities, industrial users and its own distribution arm; and Utility, which delivers natural gas to residential and commercial customers in key markets such as Buffalo, Niagara Falls, Jamestown, Erie and Sharon.
Recent performance highlights include 2025 net income of $210 million (up 12% YoY) and adjusted earnings per share of $4.20, driven by a 5% increase in production to approximately 1.5 billion cubic feet per day. The company’s underground storage capacity now stands at 7.5 billion cubic feet, positioning it to capture seasonal price spreads, while its 2,600-mile pipeline system continues to benefit from rising demand for natural-gas-fired power generation and the broader shift toward lower-carbon fuels.
For a deeper dive, you might explore the ValueRay platform.
Headlines to watch out for
- Natural gas price fluctuations impact upstream revenue
- Pipeline expansion projects drive midstream growth
- Regulatory approvals affect utility rate increases
- Weather patterns influence natural gas demand
- Exploration success dictates reserve additions
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 655.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.14 > 1.0 |
| NWC/Revenue: -17.53% < 20% (prev -37.31%; Δ 19.79% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.15b > Net Income 655.2m |
| Net Debt (2.50b) to EBITDA (1.51b): 1.66 < 3 |
| Current Ratio: 0.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (92.0m) vs 12m ago 0.58% < -2% |
| Gross Margin: 51.48% > 18% (prev 0.43%; Δ 5.11k% > 0.5%) |
| Asset Turnover: 27.07% > 50% (prev 23.72%; Δ 3.35% > 0%) |
| Interest Coverage Ratio: 6.44 > 6 (EBITDA TTM 1.51b / Interest Expense TTM 161.5m) |
Altman Z'' 1.67
| A: -0.05 (Total Current Assets 758.6m - Total Current Liabilities 1.17b) / Total Assets 9.21b |
| B: 0.23 (Retained Earnings 2.14b / Total Assets 9.21b) |
| C: 0.12 (EBIT TTM 1.04b / Avg Total Assets 8.75b) |
| D: 0.39 (Book Value of Equity 2.21b / Total Liabilities 5.62b) |
| Altman-Z'' Score: 1.67 = BB |
Beneish M -3.08
| DSRI: 0.99 (Receivables 335.5m/281.1m, Revenue 2.37b/1.97b) |
| GMI: 0.83 (GM 51.48% / 42.57%) |
| AQI: 1.03 (AQ_t 0.07 / AQ_t-1 0.07) |
| SGI: 1.20 (Revenue 2.37b / 1.97b) |
| TATA: -0.05 (NI 655.2m - CFO 1.15b) / TA 9.21b) |
| Beneish M-Score: -3.08 (Cap -4..+1) = AA |
What is the price of NFG shares?
As of March 27, 2026, the stock is trading at USD 94.68 with a total of 380,456 shares traded.
Over the past week, the price has changed by +1.29%, over one month by +6.35%, over three months by +17.77% and over the past year by +23.05%.
Over the past week, the price has changed by +1.29%, over one month by +6.35%, over three months by +17.77% and over the past year by +23.05%.
Is NFG a buy, sell or hold?
National Fuel Gas has received a consensus analysts rating of 3.33.
Therefor, it is recommend to hold NFG.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the NFG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 99 | 4.6% |
| Analysts Target Price | 99 | 4.6% |
NFG Fundamental Data Overview March 26, 2026
P/E Trailing = 13.219
P/E Forward = 12.0773
P/S = 3.785
P/B = 2.5102
P/EG = 1.5526
Revenue TTM = 2.37b USD
EBIT TTM = 1.04b USD
EBITDA TTM = 1.51b USD
Long Term Debt = 2.08b USD (from longTermDebt, last quarter)
Short Term Debt = 690.0m USD (from shortTermDebt, last quarter)
Debt = 2.77b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.50b USD (from netDebt column, last quarter)
Enterprise Value = 11.51b USD (9.01b + Debt 2.77b - CCE 271.4m)
Interest Coverage Ratio = 6.44 (Ebit TTM 1.04b / Interest Expense TTM 161.5m)
EV/FCF = 56.19x (Enterprise Value 11.51b / FCF TTM 204.8m)
FCF Yield = 1.78% (FCF TTM 204.8m / Enterprise Value 11.51b)
FCF Margin = 8.64% (FCF TTM 204.8m / Revenue TTM 2.37b)
Net Margin = 27.65% (Net Income TTM 655.2m / Revenue TTM 2.37b)
Gross Margin = 51.48% ((Revenue TTM 2.37b - Cost of Revenue TTM 1.15b) / Revenue TTM)
Gross Margin QoQ = 46.18% (prev 70.60%)
Tobins Q-Ratio = 1.25 (Enterprise Value 11.51b / Total Assets 9.21b)
Interest Expense / Debt = 1.56% (Interest Expense 43.4m / Debt 2.77b)
Taxrate = 24.62% (59.3m / 241.0m)
NOPAT = 784.2m (EBIT 1.04b * (1 - 24.62%))
Current Ratio = 0.65 (Total Current Assets 758.6m / Total Current Liabilities 1.17b)
Debt / Equity = 0.77 (Debt 2.77b / totalStockholderEquity, last quarter 3.59b)
Debt / EBITDA = 1.66 (Net Debt 2.50b / EBITDA 1.51b)
Debt / FCF = 12.22 (Net Debt 2.50b / FCF TTM 204.8m)
Total Stockholder Equity = 3.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.48% (Net Income 655.2m / Total Assets 9.21b)
RoE = 21.09% (Net Income TTM 655.2m / Total Stockholder Equity 3.11b)
RoCE = 20.05% (EBIT 1.04b / Capital Employed (Equity 3.11b + L.T.Debt 2.08b))
RoIC = 13.23% (NOPAT 784.2m / Invested Capital 5.93b)
WACC = 5.16% (E(9.01b)/V(11.78b) * Re(6.38%) + D(2.77b)/V(11.78b) * Rd(1.56%) * (1-Tc(0.25)))
Discount Rate = 6.38% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -0.26%
[DCF] Terminal Value 81.54% ; FCFF base≈159.1m ; Y1≈109.1m ; Y5≈54.4m
[DCF] Fair Price = N/A (negative equity: EV 1.71b - Net Debt 2.50b = -789.8m; debt exceeds intrinsic value)
EPS Correlation: -5.46 | EPS CAGR: 5.59% | SUE: 0.17 | # QB: 0
Revenue Correlation: -3.62 | Revenue CAGR: -1.96% | SUE: -0.04 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.68 | Chg7d=-0.036 | Chg30d=-0.036 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-09-30): EPS=7.84 | Chg7d=-0.064 | Chg30d=+0.048 | Revisions Net=+0 | Growth EPS=+13.5% | Growth Revenue=+16.7%
EPS next Year (2027-09-30): EPS=8.32 | Chg7d=-0.010 | Chg30d=-0.002 | Revisions Net=+0 | Growth EPS=+6.1% | Growth Revenue=+22.1%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 0.4% (Discount Rate 7.9% - Earnings Yield 7.6%)
[Growth] Growth Spread = +13.6% (Analyst 14.0% - Implied 0.4%)
P/E Forward = 12.0773
P/S = 3.785
P/B = 2.5102
P/EG = 1.5526
Revenue TTM = 2.37b USD
EBIT TTM = 1.04b USD
EBITDA TTM = 1.51b USD
Long Term Debt = 2.08b USD (from longTermDebt, last quarter)
Short Term Debt = 690.0m USD (from shortTermDebt, last quarter)
Debt = 2.77b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.50b USD (from netDebt column, last quarter)
Enterprise Value = 11.51b USD (9.01b + Debt 2.77b - CCE 271.4m)
Interest Coverage Ratio = 6.44 (Ebit TTM 1.04b / Interest Expense TTM 161.5m)
EV/FCF = 56.19x (Enterprise Value 11.51b / FCF TTM 204.8m)
FCF Yield = 1.78% (FCF TTM 204.8m / Enterprise Value 11.51b)
FCF Margin = 8.64% (FCF TTM 204.8m / Revenue TTM 2.37b)
Net Margin = 27.65% (Net Income TTM 655.2m / Revenue TTM 2.37b)
Gross Margin = 51.48% ((Revenue TTM 2.37b - Cost of Revenue TTM 1.15b) / Revenue TTM)
Gross Margin QoQ = 46.18% (prev 70.60%)
Tobins Q-Ratio = 1.25 (Enterprise Value 11.51b / Total Assets 9.21b)
Interest Expense / Debt = 1.56% (Interest Expense 43.4m / Debt 2.77b)
Taxrate = 24.62% (59.3m / 241.0m)
NOPAT = 784.2m (EBIT 1.04b * (1 - 24.62%))
Current Ratio = 0.65 (Total Current Assets 758.6m / Total Current Liabilities 1.17b)
Debt / Equity = 0.77 (Debt 2.77b / totalStockholderEquity, last quarter 3.59b)
Debt / EBITDA = 1.66 (Net Debt 2.50b / EBITDA 1.51b)
Debt / FCF = 12.22 (Net Debt 2.50b / FCF TTM 204.8m)
Total Stockholder Equity = 3.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.48% (Net Income 655.2m / Total Assets 9.21b)
RoE = 21.09% (Net Income TTM 655.2m / Total Stockholder Equity 3.11b)
RoCE = 20.05% (EBIT 1.04b / Capital Employed (Equity 3.11b + L.T.Debt 2.08b))
RoIC = 13.23% (NOPAT 784.2m / Invested Capital 5.93b)
WACC = 5.16% (E(9.01b)/V(11.78b) * Re(6.38%) + D(2.77b)/V(11.78b) * Rd(1.56%) * (1-Tc(0.25)))
Discount Rate = 6.38% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -0.26%
[DCF] Terminal Value 81.54% ; FCFF base≈159.1m ; Y1≈109.1m ; Y5≈54.4m
[DCF] Fair Price = N/A (negative equity: EV 1.71b - Net Debt 2.50b = -789.8m; debt exceeds intrinsic value)
EPS Correlation: -5.46 | EPS CAGR: 5.59% | SUE: 0.17 | # QB: 0
Revenue Correlation: -3.62 | Revenue CAGR: -1.96% | SUE: -0.04 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.68 | Chg7d=-0.036 | Chg30d=-0.036 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-09-30): EPS=7.84 | Chg7d=-0.064 | Chg30d=+0.048 | Revisions Net=+0 | Growth EPS=+13.5% | Growth Revenue=+16.7%
EPS next Year (2027-09-30): EPS=8.32 | Chg7d=-0.010 | Chg30d=-0.002 | Revisions Net=+0 | Growth EPS=+6.1% | Growth Revenue=+22.1%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 0.4% (Discount Rate 7.9% - Earnings Yield 7.6%)
[Growth] Growth Spread = +13.6% (Analyst 14.0% - Implied 0.4%)