NFG Share Price | National Fuel Gas Co. Stock Analysis & Recommendation

Q: How big is National Fuel Gas Co.?

Market Cap: As of Jun 18, National Fuel Gas Co. has a market capitalization of 7,641.07 million, categorizing it as a Small Cap company.Recent Quarterly Performance: For the latest four quarters, National Fuel Gas Co. reported net sales of 1,910.81 million and a net profit of 39.57 million.Balance Sheet Snapshot: As of Sep 24, the company reported shareholder's funds of 2,848.34 million and total assets of 8,439.53 million.

Q: What does National Fuel Gas Co. do?

Overview:National Fuel Gas Company is a holding company engaged principally in the production, gathering, transportation, distribution, and marketing of natural gas within the oil industry, categorized as a small-cap company.Financial Snapshot:Most recent Net Sales: 738 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 216 Million (Quarterly Results - Mar 2025) Market-cap: USD 7,641.07 Million (Small Cap)Key Metrics:P/E: 11.00 Dividend Yield: 2.47% Debt Equity: 1.03 Return on Equity: 24.31% Price to Book: 2.76Contact Details:Address: 6363 Main St, WILLIAMSVILLE NY: 14221-5887 Tel: ['1 716 8577000', '1 716 8577067'] Website: https://www.natfuel.com/

Q: Is National Fuel Gas Co. overvalued or undervalued?

As of 30 July 2025, the valuation grade for National Fuel Gas Co. has moved from fair to very expensive, indicating a significant shift in its market perception. The company appears overvalued based on its current metrics, with a P/E ratio of 11, a Price to Book Value of 2.70, and an EV to EBITDA of 9.36. In comparison to peers, APA Corp. has a notably lower P/E ratio of 3.70, while Chord Energy Corp. shows a higher P/E of 31.09, highlighting the disparity in valuation among industry competitors.Despite a strong year-to-date return of 44.00%, which outperformed the S&P 500's 12.22%, the long-term returns reveal a concerning trend, with a 3-year return of 26.86% compared to the S&P 500's 70.41%. This suggests that while the company has performed well recently, its valuation may not be justified in the context of its peers and historical performance.

Q: Is National Fuel Gas Co. technically bullish or bearish?

As of 5 September 2025, the technical trend for National Fuel Gas Co. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by a combination of daily moving averages indicating bullishness, while the weekly MACD and KST show mildly bearish signals. The RSI is bearish across both weekly and monthly time frames, and Dow Theory indicates no trend on the weekly and mildly bearish on the monthly.In terms of returns, the company has outperformed the S&P 500 year-to-date with a return of 44.00% compared to 12.22%, and over the past year with 44.91% against 17.14%. However, over the longer term, the stock has underperformed the S&P 500 over 3 years and 10 years.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.52 M

Shareholding (Dec 2025)

FII

7.52%

Held by 164 FIIs

DII

51.35%

Held by 49 DIIs

Promoter

0.00%

How big is National Fuel Gas Co.?

22-Jun-2025

As of Jun 18, National Fuel Gas Co. has a market capitalization of $7.64 billion, with net sales of $1.91 billion and a net profit of $39.57 million over the last four quarters.

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What does National Fuel Gas Co. do?

22-Jun-2025

National Fuel Gas Company is a small-cap holding company focused on the production, transportation, and distribution of natural gas. As of March 2025, it reported net sales of $738 million and a net profit of $216 million, with a market cap of approximately $7.64 billion.

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Who are in the management team of National Fuel Gas Co.?

22-Jun-2025

As of March 2022, the management team of National Fuel Gas Co. includes Mr. David Smith (Independent Chairman), Ms. Barbara Baumann, Mr. Ronald Tanski, and several Independent Directors: Mr. David Anderson, Mr. David Carroll, and Mr. Steven Finch. They oversee the company's operations and strategic direction.

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Is National Fuel Gas Co. overvalued or undervalued?

20-Sep-2025

As of July 30, 2025, National Fuel Gas Co. is considered very expensive with a P/E ratio of 11, overvalued compared to peers like APA Corp. at 3.70 and Chord Energy Corp. at 31.09, despite a strong recent return of 44.00% that lags behind the S&P 500's long-term performance.

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Is National Fuel Gas Co. technically bullish or bearish?

20-Sep-2025

As of September 5, 2025, National Fuel Gas Co. is in a mildly bullish trend, with mixed technical indicators and a year-to-date return of 44.00%, outperforming the S&P 500, but it has underperformed over the past 3 and 10 years.

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Compare National Fuel Gas Co. with Similar Stocks

Denbury, Inc.Chord Energy Corp.Southwestern Energy Co.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Management Efficiency with a high ROCE of 17.24%

Flat results in Jun 25

With ROCE of 11.73%, it has a fair valuation with a 1.84 Enterprise value to Capital Employed

Market Beating Performance

Mojo Parameters

Stock DNA

Industry

Oil

Market cap

USD 8,990 Million (Small Cap)

P/E

14.00

Industry P/E

Dividend Yield

2.14%

Debt Equity

0.70

Return on Equity

18.26%

Price to Book

2.51

Revenue and Profits:

Net Sales:

638 Million

(Quarterly Results - Dec 2025)

Net Profit:

182 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

11.61%

6 Months

4.94%

1 Year

18.08%

2 Years

78.61%

3 Years

67.06%

4 Years

38.5%

5 Years

86.91%

National Fuel Gas Co. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

10.05%

EBIT Growth (5y)

19.12%

EBIT to Interest (avg)

6.53

Debt to EBITDA (avg)

2.28

Net Debt to Equity (avg)

1.03

Sales to Capital Employed (avg)

0.34

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

36.95%

Pledged Shares

Institutional Holding

77.37%

ROCE (avg)

17.24%

ROE (avg)

20.52%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.51

EV to EBIT

11.80

EV to EBITDA

7.96

EV to Capital Employed

1.89

EV to Sales

4.91

PEG Ratio

2.36

Dividend Yield

2.14%

ROCE (Latest)

15.99%

ROE (Latest)

18.26%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Mildly Bearish

Dow Theory

Bullish

OBV

Mildly Bearish

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 108 Schemes (41.11%)

Foreign Institutions

Held by 164 Foreign Institutions (7.52%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "field": "Consolidate Net Profit",
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          "val1": "155.80",
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          "val1": "-141.80",
          "val2": "-519.10",
          "chgp": "72.68%",
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Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

638.20

434.10

47.02%

Operating Profit (PBDIT) excl Other Income

384.90

277.00

38.95%

Interest

43.40

35.40

22.60%

Exceptional Items

0.00

Consolidate Net Profit

181.60

107.30

69.25%

Operating Profit Margin (Excl OI)

411.80%

362.70%

4.91%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 47.02% vs -18.03% in Sep 2025

Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 69.25% vs -28.37% in Sep 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

2,231.70

1,728.20

29.13%

Operating Profit (PBDIT) excl Other Income

1,376.80

978.00

40.78%

Interest

155.80

138.70

12.33%

Exceptional Items

-141.80

-519.10

72.68%

Consolidate Net Profit

518.50

77.50

569.03%

Operating Profit Margin (Excl OI)

407.50%

296.40%

11.11%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Sep 2025 is 29.13% vs -23.61% in Sep 2024

Consolidated Net Profit

YoY Growth in year ended Sep 2025 is 569.03% vs -83.75% in Sep 2024

All Annual Results

Company CV

About National Fuel Gas Co.

National Fuel Gas Co.

Oil

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in four business segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. The Company operates an integrated business, with assets centered in western New York and Pennsylvania, and the production and transportation of natural gas from the Marcellus Shale basin. The Company also develops and produces oil reserves, primarily in California. The Company's Exploration and Production segment operations are carried out by Seneca Resources Corporation and NFG Midstream Covington, LLC. The Company's National Fuel Gas Supply Corporation (Supply Corporation), a Pennsylvania corporation, and Empire Pipeline, Inc. (Empire), a New York corporation, carry out the Company's Pipeline and Storage segment operations.

Company Coordinates

Company Details

6363 Main St , WILLIAMSVILLE NY : 14221-5887

Tel: 1 716 85770001 716 8577067

https://www.natfuel.com/

Registrar Details