National Fuel Gas Company

NYSE:NFG 株式レポート

時価総額：US$7.8b

National Fuel Gas 将来の成長

Future 基準チェック /16

National Fuel Gas利益と収益がそれぞれ年間5.7%と9.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16.2% 3.5%なると予測されています。

主要情報

5.7%

収益成長率

3.46%

EPS成長率

Gas Utilities 収益成長9.8%
収益成長率9.4%
将来の株主資本利益率16.18%
アナリストカバレッジ

Low

最終更新日31 Jul 2026

今後の成長に関する最新情報

Recent updates

ナラティブ更新 • Jun 25

NFG: Dividend Strength And Margin Profile Will Support Higher Future P/E

Analysts have lifted their price target on National Fuel Gas by $3, reflecting updated views on the stock after recent research that highlights supportive fundamentals and valuation assumptions, including a fair value estimate of $101.50 and a future P/E of 17.14x. Analyst Commentary Recent Street research around National Fuel Gas centers on how current fundamentals stack up against the updated fair value estimate and future P/E assumptions.
Seeking Alpha • Jun 19

National Fuel Gas: Downside Possible, But Upgrading Price Target

Summary National Fuel Gas is rated as a 'Hold' with a modestly raised price target of $75.50/share. NFG's vertical integration and recent Ohio utility acquisition drive operational complexity, increased leverage, and exposure to commodity and regulatory risks. The current 2.92% yield and growth outlook do not sufficiently compensate for risk, especially with recent dilution and higher CapEx. Despite quality operations and a well-covered dividend, NFG's valuation and risk/reward profile are not compelling enough to warrant a 'Buy.' Read the full article on Seeking Alpha
ナラティブ更新 • Jun 07

NFG: Dividend Commitment And Margin Outlook Will Support Future Multiple Expansion

Narrative Update on National Fuel Gas Analysts have raised their price targets on National Fuel Gas by $3, citing updated views on revenue, profit margins, and future P/E assumptions. Analyst Commentary Recent research pieces on National Fuel Gas focus on revised price targets and fresh coverage that highlight how analysts are thinking about valuation, growth prospects, and execution risk.
ナラティブ更新 • May 16

NFG: Refined Production Outlook Will Support Future Multiple Expansion Potential

National Fuel Gas' updated analyst price target edges to $101.50 from $102.00, as analysts factor in slightly lower revenue growth and profit margin assumptions, along with a higher discount rate, partially offset by a higher future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts focusing on National Fuel Gas highlight recent price target increases as support for the updated valuation framework that relies on a higher future P/E multiple.
分析記事 • May 08

National Fuel Gas' (NYSE:NFG) Earnings Are Weaker Than They Seem

Last week's profit announcement from National Fuel Gas Company ( NYSE:NFG ) was underwhelming for investors, despite...
ナラティブ更新 • Apr 22

NFG: Recent Bullish Coverage Will Support Future Production And Execution Confidence

Analysts have lifted their price target on National Fuel Gas by $2, reflecting updated expectations for revenue, profit margins and future P/E in light of recent bullish initiations and target revisions. Analyst Commentary Recent research points to a more constructive stance on National Fuel Gas, with fresh coverage and updated targets reflecting how analysts see the balance between valuation, earnings power and execution risk.
ナラティブ更新 • Apr 07

NFG: Future Equity Plans Will Support Balanced Production And Execution Outlook

Analysts have lifted their price target on National Fuel Gas by $2 to $102, citing updated assumptions around fair value, growth, and the price-to-earnings ratio that reflect recent Street research. Analyst Commentary Recent Street research around National Fuel Gas reflects a mix of optimism and caution, with price targets moving in both directions and fresh coverage coming in with a constructive stance.
ナラティブ更新 • Jan 10

NFG: Future Equity Raise Will Support Production Expansion Upside

Analysts have slightly adjusted their view on National Fuel Gas, trimming their fair value estimate from US$101.33 to US$100.00 as they factor in expectations for more moderate revenue growth, a softer profit margin profile, and a higher assumed future P/E multiple. What's in the News On December 12, 2025, National Fuel Gas Company entered into a common stock subscription agreement with accredited investors for 4,402,513 common shares at US$79.50 per share, for expected gross proceeds of about US$350.0m.
ナラティブ更新 • Dec 18

NFG: Future Production Expansion Will Drive Attractive Share Price Upside

Analysts have raised their price target on National Fuel Gas to approximately 101.33 dollars from 101 dollars, reflecting modestly updated assumptions around long term growth, profitability, and valuation multiples. What's in the News Entered into a common stock subscription agreement with accredited investors to issue 4,402,513 shares at 79.50 dollars per share, raising about 350 million dollars in gross proceeds, with closing expected on December 17, 2025, subject to customary conditions (Key Developments) Shares in the private offering are being issued without registration under the Securities Act, relying on Section 4(a)(2), Rule 506 of Regulation D, and similar state law exemptions (Key Developments) Updated buyback tranche disclosure shows no shares repurchased from July 1, 2025 to September 30, 2025, while the company has cumulatively repurchased 1,974,979 shares, or 2.16 percent, for 118.29 million dollars under the March 11, 2024 authorization (Key Developments) Reiterated 2026 production guidance, expecting total production of 440 to 455 Bcf, indicating confidence in medium term operating plans (Key Developments) Valuation Changes The fair value estimate increased slightly to approximately 101.33 dollars from 101 dollars, reflecting modestly revised long-term assumptions.
ナラティブ更新 • Dec 04

NFG: Future Production And Buybacks Will Drive Share Price Upside

Analysts have trimmed their price target for National Fuel Gas by 1 dollar to 101 dollars, reflecting slightly lower fair value assumptions despite largely unchanged expectations for growth, margins, and the discount rate. What's in the News Updated share repurchase activity showed no additional buybacks between July 1 and September 30, 2025, with the company having completed repurchases of 1,974,979 shares for approximately 118.29 million dollars under its March 11, 2024 authorization (Key Developments).
ナラティブ更新 • Nov 20

NFG: Improved Margins Will Drive Upside as Production Outlook Remains Solid

Analysts have raised their price target for National Fuel Gas slightly, increasing it from $101.33 to $102.00. They cite a modest improvement in profit margin estimates, despite expectations of slower revenue growth.
ナラティブ更新 • Nov 05

NFG: Improving Capital Efficiencies Will Drive Future Outperformance Amid Sector Volatility

Analysts have raised their price target for National Fuel Gas from $99.67 to $101.33 per share. This change is driven by expectations of improved capital efficiencies and positive cash flow as key developments unfold in the industry.
ナラティブ更新 • Oct 21

Analyst Commentary Highlights Upgraded Price Target and Improved Outlook for National Fuel Gas

Analysts have raised National Fuel Gas's price target by $1.67 to $99.67. They cite improved capital efficiencies, positive cash flow expectations, and the company's continued positioning as a high-quality, lower-risk sector name.
ナラティブ更新 • Aug 28

Pipeline Expansion And Marcellus Shale Will Drive Future Demand

Analysts have raised their price target for National Fuel Gas to $98.00, citing improved capital efficiencies, positive cash flow visibility from the One Big Beautiful Bill, and near-term data center growth catalysts. Analyst Commentary Improved capital efficiencies are driving higher earnings potential.
分析記事 • Aug 08

There May Be Some Bright Spots In National Fuel Gas' (NYSE:NFG) Earnings

The market for National Fuel Gas Company's ( NYSE:NFG ) shares didn't move much after it posted weak earnings recently...
Seeking Alpha • Apr 22

National Fuel Gas Q2 Preview: I'm Not Too Confident In The Short Term

Summary Analysts expect strong Q2 '25 earnings for National Fuel Gas Company, but I remain cautious due to the company's history of missing estimates and macroeconomic uncertainties. I will watch for any updates on the 2025 outlook, especially given recent economic shifts and potential impacts from the tariff war. The company's exposure to natural gas price fluctuations and infrastructure costs due to tariffs could affect future profitability and capex plans. Despite uncertainties, NFG's long history of dividend payouts and potential for long-term growth make it worth monitoring for future investment. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

National Fuel Gas: Dividend Aristocrat With Strong Growth Catalysts

Summary National Fuel Gas has delivered a market-beating returns since my last visit. NFG's vertically integrated model and strong fiscal Q1 2025 results highlight its robust growth potential and operational efficiency. Key growth catalysts include the Tioga Pathway project and multi-year rate case settlements, supporting a favorable natural gas demand outlook. With a near 3% dividend yield, a well-covered payout ratio, and 53 years of dividend growth, NFG remains an attractive long-term investment. Read the full article on Seeking Alpha
Seeking Alpha • Nov 25

Why National Fuel Gas Is Still On My 'Buy' List

Summary National Fuel Gas is a dividend king with 54 years of increases, offering a 3.21% yield and a BBB credit rating. NFG's mixed regulated and unregulated business model provides resilience and potential for significant cash injections during favorable market conditions. Despite higher commodity exposure, NFG's valuation is attractive, with a P/E of 10-12x and potential for 19-25% annualized returns. I maintain a "BUY" rating for NFG with a target price of $70/share, supported by strong fundamentals and realistic growth prospects. Read the full article on Seeking Alpha
Seeking Alpha • Aug 31

National Fuel Gas Wasn't Necessarily A 'Buy', But Might Be Now

Summary National Fuel Gas has underperformed, showing a negative RoR of over 10%, while the S&P500 rose by over 40%. Despite recent earnings declines, NFG's fundamentals are solid, with a 3.5% dividend yield and a strong history of dividend increases. The company's mix of regulated and non-regulated operations, along with reduced leverage and potential nat gas recovery, supports a "Buy" rating. My target remains $70/share, expecting double-digit RoR, driven by conservative upside and earnings growth or multiple expansions. Read the full article on Seeking Alpha
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新しいナラティブ • Aug 29

Decisive Initiatives And Modernization Propel Growth In Utility And Energy Sectors

Strategic initiatives and operational efficiencies across all segments are set to expand revenue and net margin, enhancing earnings and free cash flow.

業績と収益の成長予測

NYSE:NFG - アナリストの将来予測と過去の財務データ ( )USD Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
9/30/20282,9847702771,4892
9/30/20273,0166803641,3604
9/30/20262,565N/A2741,3193
6/30/20262,5146752221,272N/A
3/31/20262,5086863071,283N/A
12/31/20252,3806552051,155N/A
9/30/20252,2785191871,100N/A
6/30/20252,1832441861,060N/A
3/31/20252,0694070954N/A
12/31/20241,969-11901,015N/A
9/30/20241,945781351,066N/A
6/30/20241,942319841,050N/A
3/31/20241,953466-81,112N/A
12/31/20232,040440331,181N/A
9/30/20232,1744771021,237N/A
6/30/20232,2405611421,214N/A
3/31/20232,3145772051,098N/A
12/31/20222,298603137968N/A
9/30/20222,1865661813N/A
6/30/20222,107495-58774N/A
3/31/20221,999473-28800N/A
12/31/20211,848418-24758N/A
9/30/20211,74336440792N/A
6/30/20211,675131-368789N/A
3/31/20211,60386-399767N/A
12/31/20201,543-133-429778N/A
9/30/20201,546-124-482741N/A
6/30/20201,55269-32748N/A
3/31/20201,58692N/A745N/A
12/31/20191,647288N/A758N/A
9/30/20191,693304N/A694N/A
6/30/20191,689295N/A668N/A
3/31/20191,675294N/A667N/A
12/31/20181,663296N/A622N/A
9/30/20181,593392N/A615N/A
6/30/20181,590399N/A651N/A
3/31/20181,596396N/A621N/A
12/31/20171,577393N/A637N/A
9/30/20171,580283N/A685N/A
6/30/20171,585275N/A680N/A
3/31/20171,573224N/A628N/A
12/31/20161,500-13N/A620N/A
9/30/20161,452-291N/A589N/A
6/30/20161,461-516N/A601N/A
3/31/20161,465-818N/A659N/A
12/31/20151,612-653N/A779N/A
9/30/20151,761-379N/A854N/A

アナリストによる今後の成長予測

収入対貯蓄率: NFGの予測収益成長率 (年間5.7% ) は 貯蓄率 ( 3.5% ) を上回っています。

収益対市場: NFGの収益 ( 5.7% ) US市場 ( 16.5% ) よりも低い成長が予測されています。

高成長収益: NFGの収益は増加すると予測されていますが、大幅には増加しません。

収益対市場: NFGの収益 ( 9.4% ) US市場 ( 12.5% ) よりも低い成長が予測されています。

高い収益成長: NFGの収益 ( 9.4% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: NFGの 自己資本利益率 は、3年後には低くなると予測されています ( 16.2 %)。

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/07/31 21:42
終値2026/07/31 00:00
収益2026/06/30
年間収益2025/09/30

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

National Fuel Gas Company 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。20

アナリスト機関
null nullArgus Research Company
Jim HarmonBarclays
Carl KirstBMO Capital Markets Equity Research