National Fuel Gas Company

NYSE:NFG Stock Report

Market Cap: US$8.4b

National Fuel Gas Future Growth

Future criteria checks 2/6

National Fuel Gas is forecast to grow earnings and revenue by 7% and 11.8% per annum respectively. EPS is expected to grow by 4.8% per annum. Return on equity is forecast to be 17.3% in 3 years.

Key information

7.0%

Earnings growth rate

4.81%

EPS growth rate

Gas Utilities earnings growth9.6%
Revenue growth rate11.8%
Future return on equity17.33%
Analyst coverage

Low

Last updated24 Apr 2026

Recent future growth updates

Recent updates

National Fuel Gas Breaks Out To New Highs (Technical Analysis)

Mar 16

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

Aug 08
There May Be Some Bright Spots In National Fuel Gas' (NYSE:NFG) Earnings

National Fuel Gas (NYSE:NFG) Is Looking To Continue Growing Its Returns On Capital

Jul 05
National Fuel Gas (NYSE:NFG) Is Looking To Continue Growing Its Returns On Capital

National Fuel Gas (NYSE:NFG) Will Pay A Larger Dividend Than Last Year At $0.535

Jun 16
National Fuel Gas (NYSE:NFG) Will Pay A Larger Dividend Than Last Year At $0.535

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

Apr 22

National Fuel Gas: Dividend Aristocrat With Strong Growth Catalysts

Feb 06

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

Nov 25

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

Aug 31
User avatar

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 15

National Fuel Gas: Buy This Dividend Champion For Improving Commodity Pricing

Mar 22

National Fuel Gas: Undervalued Dividend King Well Worth The Price

Feb 14

Earnings and Revenue Growth Forecasts

NYSE:NFG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/20283,0408103981,5162
9/30/20273,2067464651,3925
9/30/20262,6257223931,3415
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
3/31/20201,58692-53745N/A
12/31/20191,647288-52758N/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
6/30/20151,826-134N/A896N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NFG's forecast earnings growth (7% per year) is above the savings rate (3.4%).

Earnings vs Market: NFG's earnings (7% per year) are forecast to grow slower than the US market (16.2% per year).

High Growth Earnings: NFG's earnings are forecast to grow, but not significantly.

Revenue vs Market: NFG's revenue (11.8% per year) is forecast to grow faster than the US market (11.1% per year).

High Growth Revenue: NFG's revenue (11.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NFG's Return on Equity is forecast to be low in 3 years time (17.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/28 11:20
End of Day Share Price 2026/04/28 00:00
Earnings2025/12/31
Annual Earnings2025/09/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
null nullArgus Research Company
Jim HarmonBarclays
Carl KirstBMO Capital Markets Equity Research