National Fuel Gas (NFG) FCF Margin (2009 - 2026)
National Fuel Gas (NFG) posted FCF Margin of 20.65% for Q2 2026, up 9.62% sequentially from 18.84% in Q1 2026, and down 1608.0% YoY from 1.37% in Q2 2025.
Powered by 
Analysis
National Fuel Gas (NFG) FCF Margin (2009 - 2026) Analysis & Trends
National Fuel Gas has reported FCF Margin for 18 years, with the latest figure at 20.65% in Q2 2026.
- Quarterly FCF Margin fell 1608.0% year-over-year to 20.65% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 8.84% (up 33.0% YoY) and the FY2025 annual result came in at 8.22%, up 129.0% from the prior year.
- FCF Margin rose to 20.65% in Q2 2026 per NFG's latest filing, from 18.84% in the prior quarter.
- Over five years, FCF Margin peaked at 36.73% in Q2 2025 and troughed at 27.15% in Q3 2023.
- A 5-year average of 7.06% and a median of 9.21% in 2025 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2026: FCF Margin jumped 2193 bps in 2022, then tumbled 1608 bps in 2026.
- Over 5 years, FCF Margin stood at 14.25% in 2022, then slumped by 68 bps to 4.57% in 2023, then plunged by 181 bps to 3.7% in 2024, then jumped by 89 bps to 0.42% in 2025, then soared by 5065 bps to 20.65% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 20.65%, 18.84%, and 0.42% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 12.08% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 25.83% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 6.85% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 18.84% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 18.76% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | -68.88% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 13.54% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | National Fuel Gas | 7.89 Bn | 6.65 Bn | 507.62 Mn | 20.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.65% |
| Mar 31, 2026 | 18.84% |
| Dec 31, 2025 | -0.42% |
| Sep 30, 2025 | -10.24% |
| Jun 30, 2025 | 36.73% |
| Mar 31, 2025 | 8.21% |
| Dec 31, 2024 | -3.70% |
| Sep 30, 2024 | -13.19% |
| Jun 30, 2024 | 19.05% |
| Mar 31, 2024 | 12.75% |
| Dec 31, 2023 | 4.57% |
| Sep 30, 2023 | -27.15% |
| Jun 30, 2023 | 26.25% |
| Mar 31, 2023 | 16.87% |
| Dec 31, 2022 | 14.25% |
| Sep 30, 2022 | -13.98% |
| Jun 30, 2022 | 10.21% |
| Mar 31, 2022 | 7.44% |
| Dec 31, 2021 | -7.69% |
| Sep 30, 2021 | -33.49% |