National Fuel Gas (NFG) EBITDA Margin (2016 - 2026)
National Fuel Gas' EBITDA Margin was 61.40% in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 3.79 percentage points from 65.18% a year earlier but up 7.05 percentage points from the prior quarter.
National Fuel Gas (NFG) EBITDA Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, National Fuel Gas' EBITDA Margin was 59.43% through Jun 30, 2026, up 18.99 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 55.76%, up 21.48 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +34.03 percentage points (FY2020 to FY2025).
- In earlier fiscal years, EBITDA Margin was 34.28% in FY2024 (-19.30 pp), 53.58% in FY2023 (-0.60 pp), 54.18% in FY2022 (-1.79 pp) and 55.96% in FY2021 (+34.23 pp).
- Quarterly EBITDA Margin has moved between -23.58% (fiscal Q4 2024) and 65.18% (fiscal Q3 2025) over five years.
- Compared with a year earlier, EBITDA Margin was higher in four of the last eight quarters, with an average year-over-year change of +5.30 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was fiscal Q4 2021 (a gain of 93.26 percentage points); the worst was fiscal Q4 2024 (a drop of 87.25 percentage points).
- Per Business Quant data, NFG's EBITDA Margin in the three fiscal quarters before Q3 2026 was 54.34% (Q2 2026), 61.11% (Q1 2026) and 64.19% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.97 Bn | 699.45 Bn | - | 24.43% |
| 2 | Chevron | 442.44 Bn | 414.56 Bn | 33.45 Bn | -19.76% |
| 3 | Shell | 310.86 Bn | 240.60 Bn | 30.13 Bn | 29.17% |
| 4 | TotalEnergies SE | 198.55 Bn | 79.14 Bn | 61.77 Bn | 29.83% |
| 5 | Conocophillips | 176.51 Bn | 149.22 Bn | 12.81 Bn | 68.45% |
| 6 | Equinor Asa | 118.85 Bn | 33.31 Bn | - | 44.67% |
| 7 | Phillips 66 | 116.08 Bn | 103.87 Bn | 8.38 Bn | -73.22% |
| 8 | Canadian Natural Resources | 113.61 Bn | 110.62 Bn | 8.84 Bn | 94.81% |
| 9 | Suncor Energy | 95.30 Bn | 81.05 Bn | - | 12.45% |
| 10 | National Fuel Gas | 7.49 Bn | 5.91 Bn | 507.62 Mn | 61.40% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.40% |
| Mar 31, 2026 | 54.34% |
| Dec 31, 2025 | 61.11% |
| Sep 30, 2025 | 64.19% |
| Jun 30, 2025 | 65.18% |
| Mar 31, 2025 | 58.71% |
| Dec 31, 2024 | 35.59% |
| Sep 30, 2024 | -23.58% |
| Jun 30, 2024 | 14.86% |
| Mar 31, 2024 | 58.67% |
| Dec 31, 2023 | 61.46% |
| Sep 30, 2023 | 63.67% |
| Jun 30, 2023 | 59.83% |
| Mar 31, 2023 | 44.94% |
| Dec 31, 2022 | 53.27% |
| Sep 30, 2022 | 62.49% |
| Jun 30, 2022 | 55.02% |
| Mar 31, 2022 | 48.11% |
| Dec 31, 2021 | 54.57% |
| Sep 30, 2021 | 60.66% |
National Fuel Gas EBITDA Margin 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=ebitda-margin&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();