National Fuel Gas (NFG) Stock Overview
Operates as a diversified energy company. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
NFG Community Fair Values
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Analyst Price Targets
National Fuel Gas Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$84.38 |
| 52 Week High | US$97.06 |
| 52 Week Low | US$75.99 |
| Beta | 0.53 |
| 1 Month Change | -10.20% |
| 3 Month Change | 0.75% |
| 1 Year Change | 6.54% |
| 3 Year Change | 60.14% |
| 5 Year Change | 64.68% |
| Change since IPO | 2,528.47% |
Recent News & Updates
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.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.National Fuel Gas Breaks Out To New Highs (Technical Analysis)
Mar 16Recent updates
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.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.National Fuel Gas Breaks Out To New Highs (Technical Analysis)
Mar 16NFG: 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.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.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).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.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.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.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.There May Be Some Bright Spots In National Fuel Gas' (NYSE:NFG) Earnings
Aug 08
National Fuel Gas (NYSE:NFG) Is Looking To Continue Growing Its Returns On Capital
Jul 05National Fuel Gas (NYSE:NFG) Will Pay A Larger Dividend Than Last Year At $0.535
Jun 16National Fuel Gas Q2 Preview: I'm Not Too Confident In The Short Term
Apr 22National Fuel Gas: Dividend Aristocrat With Strong Growth Catalysts
Feb 06Why National Fuel Gas Is Still On My 'Buy' List
Nov 25National Fuel Gas Wasn't Necessarily A 'Buy', But Might Be Now
Aug 31
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.National Fuel Gas: A Dividend King In A Highly Cyclical Sector
Jun 15National Fuel Gas: Buy This Dividend Champion For Improving Commodity Pricing
Mar 22National Fuel Gas: Undervalued Dividend King Well Worth The Price
Feb 14Shareholder Returns
| NFG | US Gas Utilities | US Market | |
|---|---|---|---|
| 7D | -5.4% | 1.1% | -0.2% |
| 1Y | 6.5% | 13.9% | 27.6% |
Return vs Industry: NFG underperformed the US Gas Utilities industry which returned 13.9% over the past year.
Return vs Market: NFG underperformed the US Market which returned 27.6% over the past year.
Price Volatility
| NFG volatility | |
|---|---|
| NFG Average Weekly Movement | 2.8% |
| Gas Utilities Industry Average Movement | 2.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: NFG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: NFG's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1902 | 2,322 | Dave Bauer | www.nationalfuel.com |
National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. The Integrated Upstream and Gathering segment explores for, develops, and produces natural gas and oil.
National Fuel Gas Company Fundamentals Summary
| NFG fundamental statistics | |
|---|---|
| Market cap | US$8.37b |
| Earnings (TTM) | US$655.16m |
| Revenue (TTM) | US$2.38b |
12.2x
P/E Ratio3.4x
P/S RatioIs NFG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NFG income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Other Expenses | US$0 |
| Earnings | US$0 |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.89 |
| Gross Margin | 65.97% |
| Net Profit Margin | 27.53% |
| Debt/Equity Ratio | 77.3% |
How did NFG perform over the long term?
See historical performance and comparisonDividends
2.5%
Current Dividend Yield29%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 21:23 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
National Fuel Gas Company is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Jim Harmon | Barclays |
| Carl Kirst | BMO Capital Markets Equity Research |