National Fuel Gas Company

Energy · Oil & Gas Integrated

Overall research band Mixed

Quality Above average

Valuation Strong

Balance sheet Mixed

Market confirmation Mixed

One-minute company read

What this report can tell you now

What the company does

National Fuel Gas Company (NFG) is an integrated energy company headquartered in Williamsville, New York, operating through four main divisions: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The company explores, develops, and produces natural gas and oil, primarily in California and the Appalachian region, with significant proved reserves as of September 30, 2021. NFG manages interstate natural gas transmission and storage through a pipeline network in Pennsylvania and New York, including the Empire Pipeline, and operates underground storage facilities. Its Gathering segment constructs and operates natural gas processing and gathering infrastructure in the Appalachian region, serving both internal and external clients. The Utility division supplies or transports natural gas to approximately 753,000 customers in New York and Pennsylvania, including industrial, wholesale, commercial, public authority, and residential clients. Additionally, NFG owns and manages timber assets totaling about 97,500 acres.

The current research profile is Mixed Setup, with weak market confirmation. This is a starting point for investigation, not a forecast or recommendation.

Strongest visible signal

No single strength should be treated as decisive without reviewing the underlying evidence and data status.

What to investigate next

Read the latest filing or company update, check the period behind the metrics, and investigate the dimension with the weakest band above.

Before you draw a conclusion

Read the latest filing or company update.
Check the financial period behind each metric.
Investigate the weakest score band and any missing evidence.

Headline fundamentals

A small set of signals worth checking

ROIC12.9%Model input; read with the evidence status and period context.

Operating margin41.4%Model input; read with the evidence status and period context.

Revenue CAGR · 4 years6.9%Model input; read with the evidence status and period context.

FCF margin12.3%Model input; read with the evidence status and period context.

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