NATIONAL FUEL GAS CONFGEarnings & Financial Report
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
NFG Q1 2026 Key Financial Metrics
Revenue
$637.9M
Gross Profit
$552.3M
Operating Profit
$276.1M
Net Profit
$181.6M
Gross Margin
86.6%
Operating Margin
43.3%
Net Margin
28.5%
YoY Growth
24.1%
EPS
$1.98
Financial Flow
NATIONAL FUEL GAS CO Q1 2026 Financial Summary
NATIONAL FUEL GAS CO reported revenue of $637.9M for Q1 2026, with a net profit of $181.6M (28.5% margin). Cost of goods sold was $85.6M, operating expenses totaled $276.1M.
Key Financial Metrics
| Total Revenue | $637.9M |
|---|---|
| Net Profit | $181.6M |
| Gross Margin | 86.6% |
| Operating Margin | 43.3% |
| Report Period | Q1 2026 |
NATIONAL FUEL GAS CO Annual Revenue by Year
NATIONAL FUEL GAS CO annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.2B |
| 2024 | $1.7B |
| 2023 | $2.3B |
| 2022 | $2.2B |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $558.7M | $338.6M | $310.0M | $513.8M | $734.8M | $527.4M | $443.1M | $637.9M |
| YoY Growth | -23.8% | -8.4% | -8.0% | 2.8% | 31.5% | 55.7% | 42.9% | 24.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.68B | $8.48B | $8.32B | $8.30B | $8.48B | $8.45B | $8.72B | $9.21B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $75.3M | $5.0M | $-15.5M | $-76.2M | $2.77B | $2.98B | $3.09B | $3.59B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $315.3M | $281.8M | $197.9M | $220.1M | $253.8M | $388.4M | $237.8M | $274.9M |