National Fuel Gas (NFG) Operating Expenses (2009 - 2026)

National Fuel Gas (NFG) has 18 years of Operating Expenses data on file, last reported at $511.2 million in Q1 2026.

• Quarterly Operating Expenses rose 23.88% year-over-year to $511.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (down 22.93% YoY) and the FY2025 annual result came in at $1.5 billion, down 15.62% from the prior year.
• Operating Expenses climbed to $511.2 million in Q1 2026 per NFG's latest filing, from $375.4 million in the prior quarter.
• The five-year high for Operating Expenses was $568.6 million in Q3 2024, with the low at $243.6 million in Q3 2023.
• Average Operating Expenses over 5 years is $385.4 million, with a median of $379.3 million recorded in 2024.
• Year-over-year, Operating Expenses soared 133.39% in 2024 and tumbled 49.61% in 2025.
• National Fuel Gas' Operating Expenses stood at $404.5 million in 2022, then fell by 21.32% to $318.3 million in 2023, then soared by 45.57% to $463.3 million in 2024, then slipped by 18.97% to $375.4 million in 2025, then jumped by 36.19% to $511.2 million in 2026.
• Business Quant data shows NFG's Operating Expenses at $511.2 million in Q1 2026, $375.4 million in Q4 2025, and $286.5 million in Q3 2025.