National Fuel Gas (NFG) EBT Margin (2009 - 2026)
National Fuel Gas' (NFG) quarterly EBT Margin came in at 34.38% in Q2 2026, down 339.0% year-over-year from 14.39% in Q2 2025, and down 10.68% quarter-over-quarter from 38.49% in Q1 2026.
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Analysis
National Fuel Gas (NFG) EBT Margin (2009 - 2026) Analysis & Trends
National Fuel Gas has disclosed EBT Margin across 18 years of filings, most recently posting 34.38% for Q2 2026.
- In Q2 2026, EBT Margin fell 339.0% year-over-year to 34.38%; the TTM figure through Jun 2026 stood at 36.02% (up 2151.0% YoY), while the FY2025 annual figure was 30.47%, up 2599.0% from the prior year.
- EBT Margin came in at 34.38% for Q2 2026 at National Fuel Gas, down from 38.49% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 39.42% in Q1 2025 to a low of 61.28% in Q3 2024.
- Average EBT Margin over 5 years is 23.67%, with a median of 32.05% recorded in 2022.
- Year-over-year, EBT Margin plunged 8778 bps in 2024 and surged 9329 bps in 2025.
- Over 5 years, EBT Margin stood at 34.49% in 2022, then slipped by 3 bps to 33.52% in 2023, then tumbled by 70 bps to 10.22% in 2024, then jumped by 262 bps to 36.99% in 2025, then dropped by 7 bps to 34.38% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 34.38% in Q2 2026, 38.49% in Q1 2026, and 36.99% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 153.22 Bn | 145.53 Bn | 12.81 Bn | 31.15% |
| 2 | Canadian Natural Resources | 100.56 Bn | 98.67 Bn | 8.84 Bn | 39.94% |
| 3 | Eog Resources | 74.16 Bn | 69.25 Bn | - | 40.59% |
| 4 | Diamondback Energy | 53.10 Bn | 58.73 Bn | 5.55 Bn | 47.38% |
| 5 | Devon Energy | 52.37 Bn | 51.36 Bn | 6.02 Bn | 28.52% |
| 6 | Expand Energy | 20.29 Bn | 19.03 Bn | 2.33 Bn | 22.70% |
| 7 | Permian Resources | 18.41 Bn | 18.15 Bn | - | 54.67% |
| 8 | Ovintiv | 16.64 Bn | 15.76 Bn | 2.83 Bn | 17.89% |
| 9 | Apa | 15.35 Bn | 15.83 Bn | 2.28 Bn | 53.23% |
| 10 | National Fuel Gas | 7.60 Bn | 6.37 Bn | 507.62 Mn | 34.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.38% |
| Mar 31, 2026 | 38.49% |
| Dec 31, 2025 | 36.99% |
| Sep 30, 2025 | 32.01% |
| Jun 30, 2025 | 37.77% |
| Mar 31, 2025 | 39.42% |
| Dec 31, 2024 | 10.22% |
| Sep 30, 2024 | -61.28% |
| Jun 30, 2024 | -19.76% |
| Mar 31, 2024 | 35.18% |
| Dec 31, 2023 | 33.52% |
| Sep 30, 2023 | 26.50% |
| Jun 30, 2023 | 29.29% |
| Mar 31, 2023 | 26.60% |
| Dec 31, 2022 | 34.49% |
| Sep 30, 2022 | 32.06% |
| Jun 30, 2022 | 28.07% |
| Mar 31, 2022 | 32.03% |
| Dec 31, 2021 | 32.44% |
| Sep 30, 2021 | 28.56% |
API Access
National Fuel Gas EBT 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=ebt-margin&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();