National Fuel Gas (NFG) Cost of Revenue (2017 - 2026)
National Fuel Gas (NFG) posted Cost of Revenue of $29.88 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 6.8% from $27.99 million a year earlier but down 85.6% from the prior quarter.
National Fuel Gas (NFG) Cost of Revenue (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at National Fuel Gas was $308.12 million, up 45.8% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $213.44 million, up 42.2% from FY2024.
- Annual Cost of Revenue shows a five-year compound annual growth rate of -1.8% (FY2020 to FY2025).
- In prior fiscal years, National Fuel Gas' Cost of Revenue was $150.06 million in FY2024 (-65.7%), $437.6 million in FY2023 (+11.6%), $392.09 million in FY2022 (+128.2%) and $171.83 million in FY2021 (-26.5%).
- Quarterly Cost of Revenue has run from a low of -$17.38 million in fiscal Q4 2024 to a high of $243.84 million in fiscal Q2 2023 over five years.
- On a year-over-year basis, Cost of Revenue has increased in each of the last three quarters, with growth averaging 100.0% over the last six quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was fiscal Q3 2025, with growth of 465.1%; the weakest was fiscal Q3 2024, with a decline of 86.0%.
- According to Business Quant data, Cost of Revenue for the three prior fiscal quarters was $207.85 million (Q2 2026), $85.61 million (Q1 2026) and -$15.22 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.22 Bn | 700.71 Bn | - | - |
| 2 | Chevron | 442.27 Bn | 414.39 Bn | 33.45 Bn | 36.61 Bn |
| 3 | Shell | 308.83 Bn | 238.57 Bn | 30.13 Bn | 64.53 Bn |
| 4 | TotalEnergies SE | 197.25 Bn | 77.83 Bn | 61.77 Bn | 38,308.00 |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 6.71 Bn |
| 6 | Equinor Asa | 119.62 Bn | 34.07 Bn | - | - |
| 7 | Phillips 66 | 116.49 Bn | 104.28 Bn | 8.38 Bn | 43.66 Bn |
| 8 | Canadian Natural Resources | 113.27 Bn | 110.27 Bn | 8.84 Bn | 1.81 Bn |
| 9 | Suncor Energy | 95.51 Bn | 81.26 Bn | - | - |
| 10 | National Fuel Gas | 7.43 Bn | 5.85 Bn | 507.62 Mn | 29.88 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.88 Mn |
| Mar 31, 2026 | 207.85 Mn |
| Dec 31, 2025 | 85.61 Mn |
| Sep 30, 2025 | -15.22 Mn |
| Jun 30, 2025 | 27.99 Mn |
| Mar 31, 2025 | 135.34 Mn |
| Dec 31, 2024 | 65.34 Mn |
| Sep 30, 2024 | -17.38 Mn |
| Jun 30, 2024 | 4.95 Mn |
| Mar 31, 2024 | 105.94 Mn |
| Dec 31, 2023 | 56.55 Mn |
| Sep 30, 2023 | -12.87 Mn |
| Jun 30, 2023 | 35.43 Mn |
| Mar 31, 2023 | 243.84 Mn |
| Dec 31, 2022 | 171.20 Mn |
| Sep 30, 2022 | 22.93 Mn |
| Jun 30, 2022 | 67.95 Mn |
| Mar 31, 2022 | 199.59 Mn |
| Dec 31, 2021 | 101.63 Mn |
| Sep 30, 2021 | -5.19 Mn |
National Fuel Gas Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NFG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();