National Fuel Gas (NFG) Gross Margin (2009 - 2026)
National Fuel Gas (NFG) posted Gross Margin of 75.79% for Q1 2026, down 12.75% sequentially from 86.86% in Q4 2025, and down 567.0% YoY from 16.23% in Q1 2025.
National Fuel Gas (NFG) Gross Margin (2009 - 2026) Analysis & Trends
National Fuel Gas (NFG) has 18 years of Gross Margin data on file, last reported at 75.79% in Q1 2026.
- Quarterly Gross Margin fell 567.0% year-over-year to 75.79% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 87.79% (down 311.0% YoY) and the FY2025 annual result came in at 90.63%, down 166.0% from the prior year.
- Gross Margin fell to 75.79% in Q1 2026 per NFG's latest filing, from 86.86% in the prior quarter.
- The five-year high for Gross Margin was 104.67% in Q3 2024, with the low at 66.0% in Q1 2023.
- Average Gross Margin over 5 years is 87.89%, with a median of 88.11% recorded in 2024.
- Year-over-year, Gross Margin tumbled 909 bps in 2022 and soared 1718 bps in 2024.
- National Fuel Gas' Gross Margin stood at 74.02% in 2022, then gained by 21 bps to 89.24% in 2023, then decreased by 1 bps to 88.11% in 2024, then retreated by 1 bps to 86.86% in 2025, then decreased by 13 bps to 75.79% in 2026.
- Business Quant data shows NFG's Gross Margin at 75.79% in Q1 2026, 86.86% in Q4 2025, and 103.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | - |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | 48.18% |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 99.18% |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | 49.51% |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 41.85% |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | - |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 75.79% |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | -12.33% |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | 3.54% |
| 10 | Sky Quarry | 10.63 Mn | 9.79 Mn | -389,218.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.79% |
| Dec 31, 2025 | 86.86% |
| Sep 30, 2025 | 103.26% |
| Jun 30, 2025 | 94.74% |
| Mar 31, 2025 | 81.46% |
| Dec 31, 2024 | 88.11% |
| Sep 30, 2024 | 104.67% |
| Jun 30, 2024 | 98.81% |
| Mar 31, 2024 | 83.18% |
| Dec 31, 2023 | 89.24% |
| Sep 30, 2023 | 103.49% |
| Jun 30, 2023 | 91.74% |
| Mar 31, 2023 | 66.00% |
| Dec 31, 2022 | 74.02% |
| Sep 30, 2022 | 94.73% |
| Jun 30, 2022 | 86.48% |
| Mar 31, 2022 | 71.56% |
| Dec 31, 2021 | 81.41% |
| Sep 30, 2021 | 101.46% |
| Jun 30, 2021 | 95.25% |