National Fuel Gas (NFG) Net Margin (2009 - 2026)
National Fuel Gas (NFG) posted Net Margin of 28.85% for Q1 2026, up 3.49% sequentially from 27.88% in Q4 2025, and down 79.0% YoY from 137.4% in Q1 2025.
National Fuel Gas (NFG) Net Margin (2009 - 2026) Analysis & Trends
National Fuel Gas (NFG) has 18 years of Net Margin data on file, last reported at 28.85% in Q1 2026.
- Quarterly Net Margin fell 79.0% year-over-year to 28.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 27.37% (up 2546.0% YoY) and the FY2025 annual result came in at 22.77%, up 1878.0% from the prior year.
- Net Margin advanced to 28.85% in Q1 2026 per NFG's latest filing, from 27.88% in the prior quarter.
- The five-year high for Net Margin was 36.34% in Q3 2022, with the low at 45.05% in Q3 2024.
- Average Net Margin over 5 years is 18.12%, with a median of 23.85% recorded in 2022.
- Year-over-year, Net Margin slumped 6502 bps in 2024 and soared 6807 bps in 2025.
- National Fuel Gas' Net Margin stood at 25.75% in 2022, then slipped by 2 bps to 25.32% in 2023, then plunged by 68 bps to 8.19% in 2024, then soared by 241 bps to 27.88% in 2025, then increased by 3 bps to 28.85% in 2026.
- Business Quant data shows NFG's Net Margin at 28.85% in Q1 2026, 27.88% in Q4 2025, and 23.02% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | 26.37% |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 7.35% |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | -3.92% |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | -7.11% |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | 0.00% |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 28.85% |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | -591.90% |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | - |
| 10 | Sky Quarry | 10.63 Mn | 9.79 Mn | -389,218.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.85% |
| Dec 31, 2025 | 27.88% |
| Sep 30, 2025 | 23.02% |
| Jun 30, 2025 | 28.17% |
| Mar 31, 2025 | 29.64% |
| Dec 31, 2024 | 8.19% |
| Sep 30, 2024 | -45.05% |
| Jun 30, 2024 | -12.97% |
| Mar 31, 2024 | 26.39% |
| Dec 31, 2023 | 25.32% |
| Sep 30, 2023 | 19.97% |
| Jun 30, 2023 | 21.60% |
| Mar 31, 2023 | 19.64% |
| Dec 31, 2022 | 25.75% |
| Sep 30, 2022 | 36.34% |
| Jun 30, 2022 | 21.52% |
| Mar 31, 2022 | 23.85% |
| Dec 31, 2021 | 24.22% |
| Sep 30, 2021 | 24.43% |
| Jun 30, 2021 | 21.93% |