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National Fuel Gas (NFG) Operating Expenses (2016 - 2025)

National Fuel Gas' Operating Expenses history spans 17 years, with the latest figure at $286.5 million for Q3 2025.

  • For Q3 2025, Operating Expenses fell 49.61% year-over-year to $286.5 million; the TTM value through Sep 2025 reached $1.5 billion, down 15.62%, while the annual FY2025 figure was $1.5 billion, 15.62% down from the prior year.
  • Operating Expenses for Q3 2025 was $286.5 million at National Fuel Gas, down from $301.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $568.6 million in Q3 2024 and bottomed at $244.3 million in Q2 2021.
  • The 5-year median for Operating Expenses is $337.1 million (2021), against an average of $372.9 million.
  • The largest annual shift saw Operating Expenses soared 70.75% in 2024 before it tumbled 49.61% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $336.9 million in 2021, then grew by 20.06% to $404.5 million in 2022, then dropped by 21.32% to $318.3 million in 2023, then skyrocketed by 45.57% to $463.3 million in 2024, then tumbled by 38.16% to $286.5 million in 2025.
  • Per Business Quant, the three most recent readings for NFG's Operating Expenses are $286.5 million (Q3 2025), $301.6 million (Q2 2025), and $412.7 million (Q1 2025).