National Fuel Gas (NFG) Invested Capital (2010 - 2026)
National Fuel Gas' (NFG) quarterly Invested Capital came in at $7.5 billion in Q2 2026, up 39.83% year-over-year from $5.4 billion in Q2 2025, and up 26.77% quarter-over-quarter from $5.9 billion in Q1 2026.
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Analysis
National Fuel Gas (NFG) Invested Capital (2010 - 2026) Analysis & Trends
National Fuel Gas has disclosed Invested Capital across 17 years of filings, most recently posting $7.5 billion for Q2 2026.
- In Q2 2026, Invested Capital rose 39.83% year-over-year to $7.5 billion; the TTM figure through Jun 2026 stood at $7.5 billion (up 39.83% YoY), while the FY2025 annual figure was $5.5 billion, up 8.75% from the prior year.
- Invested Capital came in at $7.5 billion for Q2 2026 at National Fuel Gas, up from $5.9 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $7.5 billion in Q2 2026 to a low of $3.9 billion in Q1 2022.
- Average Invested Capital over 5 years is $5.2 billion, with a median of $5.3 billion recorded in 2023.
- Year-over-year, Invested Capital decreased 16.52% in 2022 and surged 39.83% in 2026.
- Over 5 years, Invested Capital stood at $4.6 billion in 2022, then rose by 20.3% to $5.6 billion in 2023, then slipped by 11.1% to $4.9 billion in 2024, then grew by 14.76% to $5.7 billion in 2025, then soared by 32.07% to $7.5 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $7.5 billion in Q2 2026, $5.9 billion in Q1 2026, and $5.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 153.22 Bn | 145.53 Bn | 12.81 Bn | 88.64 Bn |
| 2 | Canadian Natural Resources | 100.56 Bn | 98.67 Bn | 8.84 Bn | 20.96 Bn |
| 3 | Eog Resources | 74.16 Bn | 69.25 Bn | - | 39.79 Bn |
| 4 | Diamondback Energy | 53.10 Bn | 58.73 Bn | 5.55 Bn | 56.64 Bn |
| 5 | Devon Energy | 52.37 Bn | 51.36 Bn | 6.02 Bn | 56.13 Bn |
| 6 | Expand Energy | 20.29 Bn | 19.03 Bn | 2.33 Bn | 23.10 Bn |
| 7 | Permian Resources | 18.41 Bn | 18.15 Bn | - | 15.00 Bn |
| 8 | Ovintiv | 16.64 Bn | 15.76 Bn | 2.83 Bn | 15.23 Bn |
| 9 | Apa | 15.35 Bn | 15.83 Bn | 2.28 Bn | 11.69 Bn |
| 10 | National Fuel Gas | 7.60 Bn | 6.37 Bn | 507.62 Mn | 7.49 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.49 Bn |
| Mar 31, 2026 | 5.91 Bn |
| Dec 31, 2025 | 5.67 Bn |
| Sep 30, 2025 | 5.48 Bn |
| Jun 30, 2025 | 5.36 Bn |
| Mar 31, 2025 | 5.15 Bn |
| Dec 31, 2024 | 4.94 Bn |
| Sep 30, 2024 | 5.04 Bn |
| Jun 30, 2024 | 5.75 Bn |
| Mar 31, 2024 | 5.69 Bn |
| Dec 31, 2023 | 5.56 Bn |
| Sep 30, 2023 | 5.35 Bn |
| Jun 30, 2023 | 5.32 Bn |
| Mar 31, 2023 | 4.96 Bn |
| Dec 31, 2022 | 4.62 Bn |
| Sep 30, 2022 | 4.16 Bn |
| Jun 30, 2022 | 4.09 Bn |
| Mar 31, 2022 | 3.95 Bn |
| Dec 31, 2021 | 4.74 Bn |
| Sep 30, 2021 | 4.41 Bn |
API Access
National Fuel Gas Invested Capital 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=invested-capital&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();