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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 operating margin

Operating margin is operating income as a percentage of revenue.

National Fuel Gas's operating margin for the twelve months ending Jun 30, 2026 was 40.3%. For fiscal 2025 it was 35.7%, against 10.8% the year before. The highest annual figure on record is 37.6% in fiscal 2017.

Annual operating margin

PeriodPeriod endValueChange (pts)
FY2025Sep 30, 202535.7%+24.9
FY2024Sep 30, 202410.8%−24.0
FY2023Sep 30, 202334.7%−2.5
FY2022Sep 30, 202237.3%+0.5
FY2021Sep 30, 202136.7%+34.8
FY2020Sep 30, 20201.9%−28.3
FY2019Sep 30, 201930.2%−2.4
FY2018Sep 30, 201832.6%−5.0
FY2017Sep 30, 201737.6%+66.3
FY2016Sep 30, 2016-28.7%−56.2
FY2012Sep 30, 201227.5%+2.7
FY2011Sep 30, 201124.8%−0.2
FY2010Sep 30, 201025.0%–

Quarterly operating margin

Change is against the same quarter a year earlier.

Periods
PeriodPeriod endValueChange (pts)
Q3 FY2026CQ2 2026Jun 30, 202638.9%−4.4
Q2 FY2026CQ1 2026Mar 31, 202640.4%−3.0
Q1 FY2026CQ4 2025Dec 31, 202542.4%+26.7
Q4 FY2025CQ3 2025Sep 30, 202538.6%+91.4
Q3 FY2025CQ2 2025Jun 30, 202543.3%+55.6
Q2 FY2025CQ1 2025Mar 31, 202543.5%+3.7
Q1 FY2025CQ4 2024Dec 31, 202415.7%−23.7
Q4 FY2024CQ3 2024Sep 30, 2024-52.8%−86.8
Q3 FY2024CQ2 2024Jun 30, 2024-12.3%−48.3
Q2 FY2024CQ1 2024Mar 31, 202439.8%+8.9
Q1 FY2024CQ4 2023Dec 31, 202339.4%+0.8
Q4 FY2023CQ3 2023Sep 30, 202334.0%−6.9
Q3 FY2023CQ2 2023Jun 30, 202335.9%−0.0
Q2 FY2023CQ1 2023Mar 31, 202330.9%−4.2
Q1 FY2023CQ4 2022Dec 31, 202238.6%+0.2
Q4 FY2022CQ3 2022Sep 30, 202240.9%+3.7
Q3 FY2022CQ2 2022Jun 30, 202236.0%−2.1
Q2 FY2022CQ1 2022Mar 31, 202235.1%−3.7
Q1 FY2022CQ4 2021Dec 31, 202138.4%+5.8
Q4 FY2021CQ3 2021Sep 30, 202137.2%+97.6
Q3 FY2021CQ2 2021Jun 30, 202138.1%+13.2
Q2 FY2021CQ1 2021Mar 31, 202138.8%+43.8
Q1 FY2021CQ4 2020Dec 31, 202032.5%−0.8
Q4 FY2020CQ3 2020Sep 30, 2020-60.4%−89.0
Q3 FY2020CQ2 2020Jun 30, 202024.9%−6.7
Q2 FY2020CQ1 2020Mar 31, 2020-5.0%−32.8
Q1 FY2020CQ4 2019Dec 31, 201933.3%+0.3
Q4 FY2019CQ3 2019Sep 30, 201928.6%−0.7
Q3 FY2019CQ2 2019Jun 30, 201931.6%−1.7
Q2 FY2019CQ1 2019Mar 31, 201927.8%−4.0
Q1 FY2019CQ4 2018Dec 31, 201833.0%−2.6
Q4 FY2018CQ3 2018Sep 30, 201829.3%−1.2
Q3 FY2018CQ2 2018Jun 30, 201833.2%−2.2
Q2 FY2018CQ1 2018Mar 31, 201831.7%−0.8
Q1 FY2018CQ4 2017Dec 31, 201735.6%−5.1
Q4 FY2017CQ3 2017Sep 30, 201730.5%–
Q3 FY2017CQ2 2017Jun 30, 201735.4%–
Q2 FY2017CQ1 2017Mar 31, 201732.6%–
Q1 FY2017CQ4 2016Dec 31, 201640.7%–

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