Jun 2026 (Q3 FY26) — Jul 30, 2026
National Fuel Gas Company Q3 FY26 — Strong Long-Term Outlook Driven by Regulated Growth and Upstream Efficiency
Read the full callNational Fuel Gas Company (NFG) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
National Fuel Gas Company earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 537 | +1.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 38.9 | −4.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 139 | −7.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$78.15 −2.21% · −$1.77
Performance −8.8% 1Y
1Y: $85.7 on 17 Oct 2025 → $78.15. High $96.3 (13 Mar 2026), low $75.86 (30 Sept 2026).
- Previous close
- $79.92
- 52-week range
- $75.86 – $96.3
- One year
- −9.62%
Overview
- Symbol
- NFG
- Sector
- Energy
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q2 FY26) — Apr 30, 2026
National Fuel Gas Company Q2 FY26 — Strong Earnings Growth and Strategic Infrastructure Expansion
Read the full callEvery analysed call
National Fuel Gas Company earnings calls (NFG)
Financials
What the filings say
Net profit, year on year: −7% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 372 | 549 | 730 | 532 | 466 | 652 | 858 | 537 |
| Expenses | 569 | 463 | 413 | 302 | 287 | 375 | 511 | 329 |
| Operating profit | -197 | 86 | 317 | 230 | 180 | 276 | 347 | 209 |
| Operating margin | −52.8% | 15.7% | 43.5% | 43.3% | 38.5% | 42.4% | 40.4% | 38.9% |
| Interest | — | 38 | 45 | 38 | 35 | 43 | 34 | 36 |
| Profit before tax | -228 | 56 | 288 | 201 | 149 | 241 | 330 | 185 |
| Tax rate | 26.5% | 19.9% | 24.8% | 25.4% | 28.1% | 24.6% | 25.0% | 25.0% |
| Net profit | -168 | 45 | 216 | 150 | 107 | 182 | 248 | 139 |
| EPS ($ per share) | — | 0.50 | 2.39 | 1.66 | — | 1.99 | 2.61 | 1.46 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 86 | 86 | 91 | 91 | 91 | 92 | 91 | 90 |
| Reserves | 1,099 | 1,273 | 992 | 1,191 | 1,587 | 1,886 | 1,727 | 2,013 |
| Total liabilities | 4,099 | 4,323 | 4,993 | 5,679 | 5,816 | 5,317 | 5,471 | 5,625 |
| Fixed assets | 4,977 | 5,510 | 5,998 | 6,384 | 6,566 | 7,300 | 7,339 | 7,713 |
| Total assets | 6,036 | 6,462 | 6,965 | 7,465 | 7,896 | 8,280 | 8,320 | 8,719 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 615 | 694 | 741 | 792 | 813 | 1,237 | 1,066 | 1,100 |
| Cash from investing | -529 | -799 | -1,224 | -633 | -519 | -1,112 | -934 | -892 |
| Cash from financing | -411 | -101 | 476 | -59 | -276 | -207 | -149 | -203 |
| Capital expenditure | -584 | -789 | -716 | -752 | -812 | -1,010 | -931 | -913 |
| Free cash flow | 31 | -94 | 25 | 40 | 1 | 227 | 135 | 187 |
NFG revenue by segment
Utility shrank from 40% to 31% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Integrated Upstream and Gathering | — | — | — | — | — | 50% | 42% | 56% | — |
| Utility | 29% | 41% | 46% | 29% | 19% | 40% | 50% | 31% | +6.3% |
| Pipeline and Storage | 25% | 19% | 15% | 20% | 23% | 11% | 9% | 13% | -34.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
140 filings between Nov 10, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellNobody bought or sold NFG on the open market in this window. The filings below are 40 awards, 24 option exercises, 42 tax withholdings, 19 other filings, 14 dispositions to the issuer and 1 gift.
Compensation
not trading decisions- 40
- Award — granted as compensation
- 24
- Option exercise — converted options into shares
- 42
- Tax withheld — shares kept back by the company to cover tax
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | BAUMANN BARBARA M Director | Award | 577 | $43.8K |
| Oct 1, 2026 | SHAW JEFFREY W Director | Award | 577 | $43.8K |
| Oct 1, 2026 | JAGGERS JOSEPH N Director | Award | 577 | $43.8K |
| Oct 1, 2026 | TANSKI RONALD J Director | Award | 577 | $43.8K |
| Sep 16, 2026 | Loweth Justin I Pres - Seneca Resources | Tax withheld | 1,096 | $89.3K |
| Sep 16, 2026 | Bauer David P President and CEO | Disposition to issuer | 4,907 | — |
| Sep 16, 2026 | Colpoys Michael D President - NFG Dist. Corp. | Award | 396 | $0 |
| Sep 16, 2026 | Del Vecchio Joseph N President, NFG Supply Corp. | Tax withheld | 16 | $1.3K |
| Sep 16, 2026 | Colpoys Michael D President - NFG Dist. Corp. | Tax withheld | 195 | $15.9K |
| Sep 16, 2026 | Krebs Martin A Chief Information Officer | Disposition to issuer | 478 | — |
| Sep 16, 2026 | Del Vecchio Joseph N President, NFG Supply Corp. | Disposition to issuer | 428 | — |
| Sep 16, 2026 | Mendel Elena G Controller & Chf Acct Officer | Tax withheld | 121 | $9.9K |
| Sep 16, 2026 | Mendel Elena G Controller & Chf Acct Officer | Award | 236 | $0 |
| Sep 16, 2026 | Silverstein Timothy J Treasurer & CFO | Tax withheld | 111 | $9.0K |
| Sep 16, 2026 | Bauer David P President and CEO | Award | 5,088 | $0 |
| Sep 16, 2026 | Bauer David P President and CEO | Tax withheld | 181 | $14.8K |
| Sep 16, 2026 | Hartz Lee E Secretary and General Counsel | Tax withheld | 119 | $9.7K |
| Sep 16, 2026 | Hartz Lee E Secretary and General Counsel | Award | 232 | $0 |
| Sep 16, 2026 | Loweth Justin I Pres - Seneca Resources | Award | 2,784 | $0 |
| Sep 16, 2026 | Del Vecchio Joseph N President, NFG Supply Corp. | Award | 444 | $0 |
| Sep 16, 2026 | Silverstein Timothy J Treasurer & CFO | Award | 216 | $0 |
| Sep 16, 2026 | Krebs Martin A Chief Information Officer | Award | 478 | $0 |
| Jul 15, 2026 | Carroll David C. Director | Other | 214 | $17.1K |
| Jul 15, 2026 | ANDERSON DAVID HUGO Director | Other | 1 | $80 |
| Jul 15, 2026 | Ranich Rebecca Director | Other | 125 | $10.0K |
| Jul 15, 2026 | Mendel Elena G Controller & Chf Acct Officer | Other | 93 | $7.4K |
| Jul 15, 2026 | Krebs Martin A Chief Information Officer | Other | 29 | $2.3K |
| Jul 15, 2026 | Hartz Lee E Secretary and General Counsel | Other | 120 | $9.6K |
| Jul 1, 2026 | TANSKI RONALD J Director | Award | 564 | $43.8K |
| Jul 1, 2026 | JAGGERS JOSEPH N Director | Award | 564 | $43.8K |
| Jul 1, 2026 | SHAW JEFFREY W Director | Award | 564 | $43.8K |
| Jul 1, 2026 | BAUMANN BARBARA M Director | Award | 564 | $43.8K |
| Apr 15, 2026 | Mendel Elena G Controller & Chf Acct Officer | Other | 80 | $7.2K |
| Apr 15, 2026 | Krebs Martin A Chief Information Officer | Other | 25 | $2.2K |
| Apr 15, 2026 | Hartz Lee E Secretary and General Counsel | Other | 102 | $9.2K |
| Apr 15, 2026 | Ranich Rebecca Director | Other | 106 | $9.5K |
| Apr 15, 2026 | Carroll David C. Director | Other | 182 | $16.3K |
| Apr 15, 2026 | ANDERSON DAVID HUGO Director | Other | 2 | $179 |
| Apr 1, 2026 | TANSKI RONALD J Director | Award | 469 | $43.8K |
| Apr 1, 2026 | SHAW JEFFREY W Director | Award | 469 | $43.8K |
| Apr 1, 2026 | BAUMANN BARBARA M Director | Award | 469 | $43.8K |
| Apr 1, 2026 | JAGGERS JOSEPH N Director | Award | 469 | $43.8K |
| Jan 15, 2026 | Colpoys Michael D President - NFG Dist. Corp. | Other | 17 | $1.4K |
| Jan 15, 2026 | Krebs Martin A Chief Information Officer | Other | 27 | $2.2K |
| Jan 15, 2026 | Hartz Lee E Secretary and General Counsel | Other | 111 | $9.1K |
| Jan 15, 2026 | Mendel Elena G Controller & Chf Acct Officer | Other | 87 | $7.1K |
| Jan 15, 2026 | ANDERSON DAVID HUGO Director | Other | 1 | $82 |
| Jan 15, 2026 | Carroll David C. Director | Other | 198 | $16.2K |
| Jan 15, 2026 | Ranich Rebecca Director | Other | 116 | $9.5K |
| Jan 2, 2026 | BAUMANN BARBARA M Director | Award | 541 | $43.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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