National Fuel Gas (NFG) FCF Margin (2009 - 2026)

National Fuel Gas has disclosed FCF Margin across 18 years of filings, most recently posting 18.84% for Q1 2026.

• FCF Margin for Q1 2026 came in at 18.84%, up 3375.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 43.63% (up 6050.0% YoY), and the FY2025 annual result was 42.8%, up 3587.0% from the prior year.
• FCF Margin came in at 18.84% for Q1 2026 at National Fuel Gas, up from 0.42% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 144.95% in Q3 2022 to a low of 81.33% in Q2 2024.
• The 5-year median for FCF Margin is 18.84% (2026), against an average of 22.27%.
• Across the five-year window, FCF Margin plunged 17210 bps in 2023 and surged 21936 bps in 2025, its largest moves.
• National Fuel Gas' FCF Margin stood at 14.25% in 2022, then surged by 131 bps to 32.93% in 2023, then decreased by 18 bps to 27.02% in 2024, then sank by 102 bps to 0.42% in 2025, then jumped by 4629 bps to 18.84% in 2026.
• The last three FCF Margin figures came in at 18.84% (Q1 2026), 0.42% (Q4 2025), and 43.13% (Q3 2025), per Business Quant data.