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National Fuel Gas Company NFG NYSE

NYSE • Energy • Oil & Gas Integrated • US • USD

SharesGrow Score
69/100
5/7 Pass
SharesGrow Intrinsic Value
$197.69
+119.6%
Analyst Price Target
$101.00
+12.2%
SharesGrow 7-Criteria Score All 7 criteria scored · income-related highlighted on this page

National Fuel Gas Company (NFG) has shown moderate revenue growth over the past 3 years, expanding from $2.2B to $2.3B (average +2%/yr). Net income reached $519M, reflecting exceptional earnings expansion at +156.5%/yr on average. The net profit margin is 22.8%, which is high. The company has maintained profitability in all 4 of the past 4 years, demonstrating a consistent earnings track record. The gross margin is 66.1% (high), with a +24.8pp trend over the period. With a $9B market cap and MOAT composite score of 74/100, the company has a strong competitive position.

Criteria proven by this page:

  • GROWTH (73/100, Partial) — growth is present but not consistently above 5% across both metrics
  • PAST (100/100, Pass) — proving consistent earnings. Looking at the full 41-year history, the company was profitable in 38 of 41 years — an excellent long-term track record
  • INCOME (85/100, Pass) — proves strong profitability and pricing power
  • MOAT (74/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 69/100 with 5/7 criteria passed.

69/100
SG Score
View full scorecard →
VALUE
64/100
Price-to-Earnings & upside
→ IV page
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FUTURE
52/100
Analyst consensus
→ Forecast
PAST
100/100
4/4 yrs profit
EPS $5.68
Proven by this page
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
MOAT
74/100
Score: 74/100
GM 66.1% (+24.8pp)
Proven by this page
GROWTH
73/100
Rev +2%/yr
NI +156.5%/yr
Proven by this page
INCOME
85/100
Margin 22.8%
$2.3B
Proven by this page
National Fuel Gas Company Earnings and Revenue History
Analyst Forecast →
Revenue  Actual & Estimate
Earnings & Profit Margin  Actual & Estimate
Metric TTM FY2025 FY2024 FY2023 FY2022
Revenue $2.37B$2.28B$1.94B$2.17B$2.19B
Gross Profit $1.33B$1.51B$817.7M$847.85M$902.96M
Gross Margin 56.2%66.1%42%39%41.3%
Operating Income $1B$813.46M$209.72M$755.15M$814.52M
Net Income $655.16M$518.5M$77.51M$476.87M$566.02M
Net Margin 27.6%22.8%4%21.9%25.9%
EPS (Diluted) $7.17$5.68$0.84$5.17$6.15
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