National Fuel Gas (NFG) Operating Income (2009 - 2026)
National Fuel Gas (NFG) posted Operating Income of $208.9 million for Q2 2026, down 39.81% sequentially from $347.1 million in Q1 2026, and down 9.26% YoY from $230.3 million in Q2 2025.
Analysis
National Fuel Gas (NFG) Operating Income (2009 - 2026) Analysis & Trends
National Fuel Gas has reported Operating Income for 18 years, with the latest figure at $208.9 million in Q2 2026.
- Quarterly Operating Income fell 9.26% year-over-year to $208.9 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.0 billion (up 131.5% YoY) and the FY2025 annual result came in at $813.5 million, up 287.87% from the prior year.
- Operating Income eased to $208.9 million in Q2 2026 per NFG's latest filing, from $347.1 million in the prior quarter.
- Over five years, Operating Income peaked at $347.1 million in Q1 2026 and troughed at -$196.6 million in Q3 2024.
- A 5-year average of $178.6 million and a median of $208.0 million in 2023 frame the typical range for Operating Income.
- The sharpest annual moves came in 2024 and 2025: Operating Income tumbled 256.88% in 2024, then soared 547.61% in 2025.
- Over 5 years, Operating Income stood at $254.4 million in 2022, then slipped by 18.58% to $207.1 million in 2023, then tumbled by 58.38% to $86.2 million in 2024, then surged by 220.36% to $276.1 million in 2025, then retreated by 24.33% to $208.9 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $208.9 million, $347.1 million, and $276.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | - |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | -19.92 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | -22.98 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 1.37 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 12.99 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | -9.70 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | - |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 3.24 Bn |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | National Fuel Gas | 7.89 Bn | 6.65 Bn | 507.62 Mn | 208.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 208.94 Mn |
| Mar 31, 2026 | 347.14 Mn |
| Dec 31, 2025 | 276.12 Mn |
| Sep 30, 2025 | 179.77 Mn |
| Jun 30, 2025 | 230.25 Mn |
| Mar 31, 2025 | 317.25 Mn |
| Dec 31, 2024 | 86.19 Mn |
| Sep 30, 2024 | -196.57 Mn |
| Jun 30, 2024 | -51.44 Mn |
| Mar 31, 2024 | 250.62 Mn |
| Dec 31, 2023 | 207.11 Mn |
| Sep 30, 2023 | 125.30 Mn |
| Jun 30, 2023 | 154.10 Mn |
| Mar 31, 2023 | 221.38 Mn |
| Dec 31, 2022 | 254.37 Mn |
| Sep 30, 2022 | 177.80 Mn |
| Jun 30, 2022 | 180.70 Mn |
| Mar 31, 2022 | 246.37 Mn |
| Dec 31, 2021 | 209.66 Mn |
| Sep 30, 2021 | 132.27 Mn |