National Fuel Gas (NFG) Debt to Equity (2010 - 2026)

National Fuel Gas has disclosed Debt to Equity across 17 years of filings, most recently posting $0.62 for Q1 2026.

• Debt to Equity for Q1 2026 came in at $0.62, down 57.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.62 (down 57.64% YoY), and the FY2025 annual result was $0.82, up 102.17% from the prior year.
• Debt to Equity came in at $0.62 for Q1 2026 at National Fuel Gas, down from $47.07 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $47.07 in Q4 2025 to a low of -$48.27 in Q2 2023.
• The 5-year median for Debt to Equity is $0.82 (2025), against an average of -$7.8.
• Across the five-year window, Debt to Equity sank 3775.8% in 2023 and jumped 233.29% in 2025, its largest moves.
• National Fuel Gas' Debt to Equity stood at -$8.45 in 2022, then surged by 116.1% to $1.36 in 2023, then plunged by 2694.96% to -$35.32 in 2024, then surged by 233.29% to $47.07 in 2025, then slumped by 98.68% to $0.62 in 2026.
• The last three Debt to Equity figures came in at $0.62 (Q1 2026), $47.07 (Q4 2025), and $0.82 (Q3 2025), per Business Quant data.