National Fuel Gas Co (NFG) stock
NFGNYSENatural Gas DistributionFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026Score 16/3033% below fair value
$76.71+0.36 (+0.47%)
Close on Nov 13, 2026Market cap $7.29BP/E 10.7Yield 2.74%
National Fuel Gas gross margin
Gross margin is gross profit as a percentage of revenue.
National Fuel Gas's gross margin for the twelve months ending Jun 30, 2023 was 78.9%. For fiscal 2025 it was 90.6%, against 92.3% the year before. The highest annual figure on record is 92.3% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Sep 30, 2025 | 90.6% | −1.7 |
| FY2024 | Sep 30, 2024 | 92.3% | +12.4 |
| FY2023 | Sep 30, 2023 | 79.9% | −2.2 |
| FY2022 | Sep 30, 2022 | 82.1% | −8.1 |
| FY2021 | Sep 30, 2021 | 90.1% | +5.3 |
| FY2020 | Sep 30, 2020 | 84.9% | +7.7 |
| FY2019 | Sep 30, 2019 | 77.2% | −1.6 |
| FY2018 | Sep 30, 2018 | 78.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026CQ2 2026 | Jun 30, 2026 | 94.4% | +13.0 |
| Q2 FY2026CQ1 2026 | Mar 31, 2026 | 75.8% | −12.3 |
| Q1 FY2026CQ4 2025 | Dec 31, 2025 | 86.9% | −12.0 |
| Q3 FY2025CQ2 2025 | Jun 30, 2025 | 94.7% | +11.6 |
| Q2 FY2025CQ1 2025 | Mar 31, 2025 | 81.5% | −7.8 |
| Q1 FY2025CQ4 2024 | Dec 31, 2024 | 88.1% | −3.6 |
| Q3 FY2024CQ2 2024 | Jun 30, 2024 | 98.8% | +32.8 |
| Q2 FY2024CQ1 2024 | Mar 31, 2024 | 83.2% | +9.2 |
| Q1 FY2024CQ4 2023 | Dec 31, 2023 | 89.2% | −5.5 |
| Q3 FY2023CQ2 2023 | Jun 30, 2023 | 91.7% | +5.3 |
| Q2 FY2023CQ1 2023 | Mar 31, 2023 | 66.0% | −5.6 |
| Q1 FY2023CQ4 2022 | Dec 31, 2022 | 74.0% | −7.4 |
| Q4 FY2022CQ3 2022 | Sep 30, 2022 | 94.7% | −0.5 |
| Q3 FY2022CQ2 2022 | Jun 30, 2022 | 86.5% | +5.8 |
| Q2 FY2022CQ1 2022 | Mar 31, 2022 | 71.6% | −16.7 |
| Q1 FY2022CQ4 2021 | Dec 31, 2021 | 81.4% | −9.6 |
| Q3 FY2021CQ2 2021 | Jun 30, 2021 | 95.2% | +19.3 |
| Q2 FY2021CQ1 2021 | Mar 31, 2021 | 80.6% | +1.4 |
| Q1 FY2021CQ4 2020 | Dec 31, 2020 | 88.3% | −10.1 |
| Q3 FY2020CQ2 2020 | Jun 30, 2020 | 91.0% | +4.4 |
| Q2 FY2020CQ1 2020 | Mar 31, 2020 | 75.9% | +11.2 |
| Q1 FY2020CQ4 2019 | Dec 31, 2019 | 79.2% | – |
| Q4 FY2019CQ3 2019 | Sep 30, 2019 | 98.4% | – |
| Q3 FY2019CQ2 2019 | Jun 30, 2019 | 86.6% | – |
| Q2 FY2019CQ1 2019 | Mar 31, 2019 | 64.7% | – |
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