National Fuel Gas (NFG) Cost of Revenue (2009 - 2026)
National Fuel Gas' (NFG) quarterly Cost of Revenue came in at $29.9 million in Q2 2026, up 6.76% year-over-year from $28.0 million in Q2 2025, and down 85.63% quarter-over-quarter from $207.9 million in Q1 2026.
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Analysis
National Fuel Gas (NFG) Cost of Revenue (2009 - 2026) Analysis & Trends
National Fuel Gas has disclosed Cost of Revenue across 18 years of filings, most recently posting $29.9 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 6.76% year-over-year to $29.9 million; the TTM figure through Jun 2026 stood at $308.1 million (up 45.83% YoY), while the FY2025 annual figure was $213.4 million, up 42.24% from the prior year.
- Cost of Revenue came in at $29.9 million for Q2 2026 at National Fuel Gas, down from $207.9 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $243.8 million in Q1 2023 to a low of -$17.4 million in Q3 2024.
- Average Cost of Revenue over 5 years is $78.6 million, with a median of $60.9 million recorded in 2023.
- Year-over-year, Cost of Revenue soared 541.63% in 2022 and tumbled 156.12% in 2023.
- Over 5 years, Cost of Revenue stood at $171.2 million in 2022, then sank by 66.97% to $56.6 million in 2023, then climbed by 15.53% to $65.3 million in 2024, then surged by 31.02% to $85.6 million in 2025, then slumped by 65.1% to $29.9 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $29.9 million in Q2 2026, $207.9 million in Q1 2026, and $85.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 158.35 Bn | 150.66 Bn | 12.81 Bn | 6.71 Bn |
| 2 | Canadian Natural Resources | 103.29 Bn | 101.40 Bn | 8.84 Bn | 1.81 Bn |
| 3 | Eog Resources | 75.64 Bn | 70.73 Bn | - | - |
| 4 | Diamondback Energy | 53.99 Bn | 59.61 Bn | 5.55 Bn | 9.00 Mn |
| 5 | Devon Energy | 53.46 Bn | 52.45 Bn | 6.02 Bn | 1.39 Bn |
| 6 | Expand Energy | 20.25 Bn | 18.99 Bn | 2.33 Bn | 634.00 Mn |
| 7 | Permian Resources | 19.06 Bn | 18.80 Bn | - | - |
| 8 | Ovintiv | 17.25 Bn | 16.37 Bn | 2.83 Bn | 183.00 Mn |
| 9 | Apa | 15.72 Bn | 16.20 Bn | 2.28 Bn | 122.00 Mn |
| 10 | National Fuel Gas | 7.69 Bn | 6.46 Bn | 507.62 Mn | 29.88 Mn |
Historic Data
Download Data
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 |
API Access
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();