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Side-by-side financial comparison of MURPHY OIL CORP (MUR) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($637.9M vs $613.1M, roughly 1.0× MURPHY OIL CORP). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 1.9%, a 26.5% gap on every dollar of revenue. On growth, NATIONAL FUEL GAS CO posted the faster year-over-year revenue change (24.1% vs -8.4%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (6.9% CAGR vs -12.2%).
Murphy Oil Corporation is an American energy company engaged in hydrocarbon exploration headquartered in Houston, Texas.
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.
MUR vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $613.1M | $637.9M |
| Net Profit | $11.9M | $181.6M |
| Gross Margin | — | 86.6% |
| Operating Margin | 9.7% | 43.3% |
| Net Margin | 1.9% | 28.5% |
| Revenue YoY | -8.4% | 24.1% |
| Net Profit YoY | -76.3% | 303.8% |
| EPS (diluted) | $0.08 | $1.98 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $613.1M | $637.9M | ||
| Q3 25 | $721.0M | $443.1M | ||
| Q2 25 | $683.0M | $527.4M | ||
| Q1 25 | $672.7M | $734.8M | ||
| Q4 24 | $669.6M | $513.8M | ||
| Q3 24 | $753.2M | $310.0M | ||
| Q2 24 | $801.0M | $338.6M | ||
| Q1 24 | $794.8M | $558.7M |
| Q4 25 | $11.9M | $181.6M | ||
| Q3 25 | $-3.0M | $107.3M | ||
| Q2 25 | $22.3M | $149.8M | ||
| Q1 25 | $73.0M | $216.4M | ||
| Q4 24 | $50.4M | $45.0M | ||
| Q3 24 | $139.1M | $-167.6M | ||
| Q2 24 | $127.7M | $-54.2M | ||
| Q1 24 | $90.0M | $166.3M |
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | 99.6% | 98.5% | ||
| Q1 24 | 100.0% | 81.0% |
| Q4 25 | 9.7% | 43.3% | ||
| Q3 25 | 0.8% | 40.6% | ||
| Q2 25 | 13.5% | 43.7% | ||
| Q1 25 | 21.4% | 43.2% | ||
| Q4 24 | 12.7% | 16.8% | ||
| Q3 24 | 23.8% | -63.4% | ||
| Q2 24 | 23.0% | -15.2% | ||
| Q1 24 | 19.4% | 44.9% |
| Q4 25 | 1.9% | 28.5% | ||
| Q3 25 | -0.4% | 24.2% | ||
| Q2 25 | 3.3% | 28.4% | ||
| Q1 25 | 10.9% | 29.4% | ||
| Q4 24 | 7.5% | 8.8% | ||
| Q3 24 | 18.5% | -54.1% | ||
| Q2 24 | 15.9% | -16.0% | ||
| Q1 24 | 11.3% | 29.8% |
| Q4 25 | $0.08 | $1.98 | ||
| Q3 25 | $-0.02 | $1.18 | ||
| Q2 25 | $0.16 | $1.64 | ||
| Q1 25 | $0.50 | $2.37 | ||
| Q4 24 | $0.35 | $0.49 | ||
| Q3 24 | $0.93 | $-1.81 | ||
| Q2 24 | $0.83 | $-0.59 | ||
| Q1 24 | $0.59 | $1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $377.2M | $271.4M |
| Total DebtLower is stronger | $1.4B | $2.7B |
| Stockholders' EquityBook value | $5.1B | $3.6B |
| Total Assets | $9.8B | $9.2B |
| Debt / EquityLower = less leverage | 0.27× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.2M | $271.4M | ||
| Q3 25 | $426.0M | $43.2M | ||
| Q2 25 | $379.6M | $39.3M | ||
| Q1 25 | $392.9M | $40.0M | ||
| Q4 24 | $423.6M | $48.7M | ||
| Q3 24 | $271.2M | $38.2M | ||
| Q2 24 | $333.6M | $81.4M | ||
| Q1 24 | $323.4M | $50.8M |
| Q4 25 | $1.4B | $2.7B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.5B | $2.7B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | $1.3B | $2.4B |
| Q4 25 | $5.1B | $3.6B | ||
| Q3 25 | $5.1B | $3.1B | ||
| Q2 25 | $5.2B | $3.0B | ||
| Q1 25 | $5.1B | $2.8B | ||
| Q4 24 | $5.2B | $-76.2M | ||
| Q3 24 | $5.2B | $-15.5M | ||
| Q2 24 | $5.3B | $5.0M | ||
| Q1 24 | $5.3B | $75.3M |
| Q4 25 | $9.8B | $9.2B | ||
| Q3 25 | $9.7B | $8.7B | ||
| Q2 25 | $9.8B | $8.4B | ||
| Q1 25 | $9.8B | $8.5B | ||
| Q4 24 | $9.7B | $8.3B | ||
| Q3 24 | $9.7B | $8.3B | ||
| Q2 24 | $9.9B | $8.5B | ||
| Q1 24 | $9.7B | $8.7B |
| Q4 25 | 0.27× | 0.75× | ||
| Q3 25 | 0.28× | 0.87× | ||
| Q2 25 | 0.28× | 0.90× | ||
| Q1 25 | 0.29× | 0.99× | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.24× | — | ||
| Q2 24 | 0.24× | 532.10× | ||
| Q1 24 | 0.25× | 31.68× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $249.6M | $274.9M |
| Free Cash FlowOCF − Capex | — | $-2.7M |
| FCF MarginFCF / Revenue | — | -0.4% |
| Capex IntensityCapex / Revenue | — | 43.5% |
| Cash ConversionOCF / Net Profit | 20.92× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.6M | $274.9M | ||
| Q3 25 | $339.4M | $237.8M | ||
| Q2 25 | $358.1M | $388.4M | ||
| Q1 25 | $300.7M | $253.8M | ||
| Q4 24 | $433.6M | $220.1M | ||
| Q3 24 | $429.0M | $197.9M | ||
| Q2 24 | $467.7M | $281.8M | ||
| Q1 24 | $398.8M | $315.3M |
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | — | $195.3M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M | ||
| Q1 24 | — | $80.3M |
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | — | 14.4% |
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% | ||
| Q1 24 | — | 42.1% |
| Q4 25 | 20.92× | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 16.06× | 2.59× | ||
| Q1 25 | 4.12× | 1.17× | ||
| Q4 24 | 8.61× | 4.89× | ||
| Q3 24 | 3.08× | — | ||
| Q2 24 | 3.66× | — | ||
| Q1 24 | 4.43× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MUR
Segment breakdown not available.
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
