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

National Fuel Gas has reported Gross Margin for 10 years, with the latest figure at 94.44% in Q2 2026.

• Quarterly Gross Margin fell 30.0% year-over-year to 94.44% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 87.74% (down 258.0% YoY) and the FY2025 annual result came in at 90.63%, down 166.0% from the prior year.
• Gross Margin rose to 94.44% in Q2 2026 per NFG's latest filing, from 75.79% in the prior quarter.
• Over five years, Gross Margin peaked at 104.67% in Q3 2024 and troughed at 66.0% in Q1 2023.
• A 5-year average of 88.25% and a median of 88.67% in 2023 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2024: Gross Margin sank 909 bps in 2022, then jumped 1718 bps in 2024.
• Over 5 years, Gross Margin stood at 74.02% in 2022, then rose by 21 bps to 89.24% in 2023, then retreated by 1 bps to 88.11% in 2024, then fell by 1 bps to 86.86% in 2025, then advanced by 9 bps to 94.44% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 94.44%, 75.79%, and 86.86% for Q2 2026, Q1 2026, and Q4 2025 respectively.