National Fuel Gas (NFG) Debt Ratio (2010 - 2026)
National Fuel Gas' Debt Ratio came in at 0.34 for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 5.1% from 0.32 a year earlier and up 28.4% from the prior quarter.
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Analysis
National Fuel Gas (NFG) Debt Ratio (2010 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), National Fuel Gas' Debt Ratio was 0.32, down 2.7% from FY2024.
- Going back by fiscal year, Debt Ratio was 0.33 in FY2024 (+3.5%), 0.32 in FY2023 (-5.4%), 0.34 in FY2022 (-8.7%) and 0.37 in FY2021 (-2.2%).
- The fiscal Q3 2026 figure represents the highest quarterly Debt Ratio since fiscal Q2 2025.
- Year-over-year, Debt Ratio increased in five of the last eight quarters, with an average decline of 0.5%.
- The fastest year-over-year change in Debt Ratio over five years came in fiscal Q2 2025 (growth of 12.8%), and the weakest in fiscal Q2 2026 (a decline of 23.3%).
- Business Quant data shows NFG's Debt Ratio at 0.27 (Q2 2026), 0.30 (Q1 2026) and 0.32 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 743.64 Bn | 700.12 Bn | - | 0.09 |
| 2 | Chevron | 442.55 Bn | 414.67 Bn | 33.45 Bn | 0.11 |
| 3 | Shell | 310.73 Bn | 240.48 Bn | 30.13 Bn | 0.19 |
| 4 | TotalEnergies SE | 198.48 Bn | 79.06 Bn | 61.77 Bn | 0.20 |
| 5 | Conocophillips | 176.07 Bn | 148.78 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 118.97 Bn | 33.42 Bn | - | 17.84 |
| 7 | Phillips 66 | 116.28 Bn | 104.07 Bn | 8.38 Bn | 0.25 |
| 8 | Canadian Natural Resources | 113.23 Bn | 110.24 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 95.57 Bn | 81.32 Bn | - | 0.10 |
| 10 | National Fuel Gas | 7.49 Bn | 5.92 Bn | 507.62 Mn | 0.34 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.34 |
| Mar 31, 2026 | 0.27 |
| Dec 31, 2025 | 0.30 |
| Sep 30, 2025 | 0.32 |
| Jun 30, 2025 | 0.32 |
| Mar 31, 2025 | 0.35 |
| Dec 31, 2024 | 0.35 |
| Sep 30, 2024 | 0.33 |
| Jun 30, 2024 | 0.32 |
| Mar 31, 2024 | 0.31 |
| Dec 31, 2023 | 0.31 |
| Sep 30, 2023 | 0.32 |
| Jun 30, 2023 | 0.31 |
| Mar 31, 2023 | 0.31 |
| Dec 31, 2022 | 0.34 |
| Sep 30, 2022 | 0.34 |
| Jun 30, 2022 | 0.37 |
| Mar 31, 2022 | 0.36 |
| Dec 31, 2021 | 0.37 |
| Sep 30, 2021 | 0.37 |
API Access
National Fuel Gas Debt Ratio 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=debt-ratio&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();