National Fuel Gas (NFG) FCF Margin (2009 - 2026)
National Fuel Gas' (NFG) quarterly FCF Margin came in at 20.65% in Q2 2026, down 1608.0% year-over-year from 1.37% in Q2 2025, and up 9.62% quarter-over-quarter from 18.84% in Q1 2026.
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Analysis
National Fuel Gas (NFG) FCF Margin (2009 - 2026) Analysis & Trends
National Fuel Gas has disclosed FCF Margin across 18 years of filings, most recently posting 20.65% for Q2 2026.
- In Q2 2026, FCF Margin fell 1608.0% year-over-year to 20.65%; the TTM figure through Jun 2026 stood at 8.84% (up 33.0% YoY), while the FY2025 annual figure was 8.22%, up 129.0% from the prior year.
- FCF Margin came in at 20.65% for Q2 2026 at National Fuel Gas, up from 18.84% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 36.73% in Q2 2025 to a low of 27.15% in Q3 2023.
- Average FCF Margin over 5 years is 7.06%, with a median of 9.21% recorded in 2025.
- Year-over-year, FCF Margin soared 2193 bps in 2022 and slumped 1608 bps in 2026.
- Over 5 years, FCF Margin stood at 14.25% in 2022, then plunged by 68 bps to 4.57% in 2023, then slumped by 181 bps to 3.7% in 2024, then surged by 89 bps to 0.42% in 2025, then jumped by 5065 bps to 20.65% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 20.65% in Q2 2026, 18.84% in Q1 2026, and 0.42% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 153.22 Bn | 145.53 Bn | 12.81 Bn | 22.59% |
| 2 | Canadian Natural Resources | 100.56 Bn | 98.67 Bn | 8.84 Bn | 62.43% |
| 3 | Eog Resources | 74.16 Bn | 69.25 Bn | - | 35.16% |
| 4 | Diamondback Energy | 53.10 Bn | 58.73 Bn | 5.55 Bn | 46.62% |
| 5 | Devon Energy | 52.37 Bn | 51.36 Bn | 6.02 Bn | 31.76% |
| 6 | Expand Energy | 20.29 Bn | 19.03 Bn | 2.33 Bn | 11.59% |
| 7 | Permian Resources | 18.41 Bn | 18.15 Bn | - | 52.97% |
| 8 | Ovintiv | 16.64 Bn | 15.76 Bn | 2.83 Bn | 35.11% |
| 9 | Apa | 15.35 Bn | 15.83 Bn | 2.28 Bn | 47.39% |
| 10 | National Fuel Gas | 7.60 Bn | 6.37 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% |
API Access
National Fuel Gas FCF 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=fcf-margin&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();