National Fuel Gas (NFG) Payout Ratio (2009 - 2026)
National Fuel Gas' (NFG) quarterly Payout Ratio came in at 0.37 in Q2 2026, up 18.03% year-over-year from 0.31 in Q2 2025, and up 78.69% quarter-over-quarter from 0.21 in Q1 2026.
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Analysis
National Fuel Gas (NFG) Payout Ratio (2009 - 2026) Analysis & Trends
National Fuel Gas has disclosed Payout Ratio across 18 years of filings, most recently posting 0.37 for Q2 2026.
- In Q2 2026, Payout Ratio rose 18.03% year-over-year to 0.37; the TTM figure through Jun 2026 stood at 0.29 (down 61.8% YoY), while the FY2025 annual figure was 0.36, down 84.67% from the prior year.
- Payout Ratio came in at 0.37 for Q2 2026 at National Fuel Gas, up from 0.21 in the prior quarter.
- In the past five years, Payout Ratio ranged from a high of 1.04 in Q4 2024 to a low of 0.84 in Q2 2024.
- Average Payout Ratio over 5 years is 0.27, with a median of 0.29 recorded in 2022.
- Year-over-year, Payout Ratio slumped 278.71% in 2024 and soared 259.97% in 2025.
- Over 5 years, Payout Ratio stood at 0.26 in 2022, then surged by 33.44% to 0.34 in 2023, then surged by 204.94% to 1.04 in 2024, then plunged by 74.45% to 0.27 in 2025, then surged by 37.78% to 0.37 in 2026.
- Per Business Quant data, the three most recent Payout Ratio figures were 0.37 in Q2 2026, 0.21 in Q1 2026, and 0.27 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 153.22 Bn | 145.53 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 100.56 Bn | 98.67 Bn | 8.84 Bn |
| 3 | Eog Resources | 74.16 Bn | 69.25 Bn | - |
| 4 | Diamondback Energy | 53.10 Bn | 58.73 Bn | 5.55 Bn |
| 5 | Devon Energy | 52.37 Bn | 51.36 Bn | 6.02 Bn |
| 6 | Expand Energy | 20.29 Bn | 19.03 Bn | 2.33 Bn |
| 7 | Permian Resources | 18.41 Bn | 18.15 Bn | - |
| 8 | Ovintiv | 16.64 Bn | 15.76 Bn | 2.83 Bn |
| 9 | Apa | 15.35 Bn | 15.83 Bn | 2.28 Bn |
| 10 | National Fuel Gas | 7.60 Bn | 6.37 Bn | 507.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.37 |
| Mar 31, 2026 | 0.21 |
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 0.45 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.22 |
| Dec 31, 2024 | 1.04 |
| Sep 30, 2024 | -0.28 |
| Jun 30, 2024 | -0.84 |
| Mar 31, 2024 | 0.27 |
| Dec 31, 2023 | 0.34 |
| Sep 30, 2023 | 0.62 |
| Jun 30, 2023 | 0.47 |
| Mar 31, 2023 | 0.31 |
| Dec 31, 2022 | 0.26 |
| Sep 30, 2022 | 0.27 |
| Jun 30, 2022 | 0.38 |
| Mar 31, 2022 | 0.25 |
| Dec 31, 2021 | 0.31 |
| Sep 30, 2021 | 0.48 |
API Access
National Fuel Gas Payout Ratio 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=payout-ratio&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "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=payout-ratio&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();