National Fuel Gas (NFG) Invested Capital (2010 - 2026)
National Fuel Gas' Invested Capital came in at $7.49 billion for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 39.8% from $5.36 billion a year earlier and up 26.8% from the prior quarter.
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Analysis
National Fuel Gas (NFG) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), National Fuel Gas' Invested Capital was $5.48 billion, up 8.8% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 3.5% (FY2020 to FY2025).
- Going back by fiscal year, Invested Capital was $5.04 billion in FY2024 (-5.8%), $5.35 billion in FY2023 (+28.5%), $4.16 billion in FY2022 (-5.7%) and $4.41 billion in FY2021 (-4.1%).
- The fiscal Q3 2026 figure represents the highest quarterly Invested Capital in data going back to fiscal Q4 2010.
- Year-over-year, Invested Capital has increased for four consecutive quarters, with growth averaging 5.6% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in fiscal Q3 2026 (growth of 39.8%), and the weakest in fiscal Q2 2022 (a decline of 16.5%).
- Business Quant data shows NFG's Invested Capital at $5.91 billion (Q2 2026), $5.67 billion (Q1 2026) and $5.48 billion (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 744.22 Bn | 700.71 Bn | - | 308.48 Bn |
| 2 | Chevron | 442.27 Bn | 414.39 Bn | 33.45 Bn | 232.63 Bn |
| 3 | Shell | 308.83 Bn | 238.57 Bn | 30.13 Bn | 253.86 Bn |
| 4 | TotalEnergies SE | 197.25 Bn | 77.83 Bn | 61.77 Bn | 193.87 Bn |
| 5 | Conocophillips | 176.36 Bn | 149.07 Bn | 12.81 Bn | 88.64 Bn |
| 6 | Equinor Asa | 119.62 Bn | 34.07 Bn | - | 67.49 Bn |
| 7 | Phillips 66 | 116.49 Bn | 104.28 Bn | 8.38 Bn | 53.27 Bn |
| 8 | Canadian Natural Resources | 113.27 Bn | 110.27 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 95.51 Bn | 81.26 Bn | - | 58.02 Bn |
| 10 | National Fuel Gas | 7.43 Bn | 5.85 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();