National Fuel Gas (NFG) Return on Equity [ROE] (2011 - 2026)
National Fuel Gas (NFG) recorded Return on Equity [ROE] of 17.43% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 8.95 percentage points from 8.48% a year earlier but down 1.09 percentage points from the prior quarter.
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Analysis
National Fuel Gas (NFG) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), National Fuel Gas reported Return on Equity [ROE] of 17.45%, up 11.90 percentage points from FY2024.
- Annual Return on Equity [ROE] has a five-year change of +23.47 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Return on Equity [ROE] came in at 5.55% in FY2024, 97.55% in FY2022 (+78.20 pp) and 19.35% in FY2021 (+25.37 pp).
- Quarterly Return on Equity [ROE] has ranged from -0.38% in fiscal Q1 2025 to 7145.48% in fiscal Q1 2024 over the past five years.
- On a year-over-year basis, Return on Equity [ROE] has increased for four consecutive quarters, with an average year-over-year change of -1106.84 percentage points over the last seven quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 62.99 percentage points in fiscal Q4 2022, against a drop of 7145.85 percentage points in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 18.52% (Q2 2026), 19.61% (Q1 2026) and 17.08% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.51 Bn | 698.99 Bn | - | 12.80% |
| 2 | Chevron | 445.06 Bn | 417.18 Bn | 33.45 Bn | 10.89% |
| 3 | Shell | 310.78 Bn | 240.53 Bn | 30.13 Bn | 10.09% |
| 4 | TotalEnergies SE | 197.34 Bn | 77.92 Bn | 61.77 Bn | 8.91% |
| 5 | Conocophillips | 177.35 Bn | 150.05 Bn | 12.81 Bn | 14.29% |
| 6 | Equinor Asa | 118.67 Bn | 33.12 Bn | - | 20.89% |
| 7 | Phillips 66 | 116.93 Bn | 104.72 Bn | 8.38 Bn | 23.06% |
| 8 | Canadian Natural Resources | 113.22 Bn | 110.23 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 95.47 Bn | 81.22 Bn | - | 29.14% |
| 10 | National Fuel Gas | 7.58 Bn | 6.00 Bn | 507.62 Mn | 17.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.43% |
| Mar 31, 2026 | 18.52% |
| Dec 31, 2025 | 19.61% |
| Sep 30, 2025 | 17.08% |
| Jun 30, 2025 | 8.48% |
| Mar 31, 2025 | 1.43% |
| Dec 31, 2024 | -0.38% |
| Sep 30, 2024 | 2.60% |
| Jun 30, 2024 | 20.00% |
| Mar 31, 2024 | 652.45% |
| Dec 31, 2023 | 7,145.48% |
| Sep 30, 2022 | 82.14% |
| Jun 30, 2022 | 25.59% |
| Mar 31, 2022 | 23.81% |
| Dec 31, 2021 | 21.47% |
| Sep 30, 2021 | 19.15% |
| Jun 30, 2021 | 6.38% |
| Mar 31, 2021 | 4.15% |
| Dec 31, 2020 | -6.60% |
| Sep 30, 2020 | -5.90% |
API Access
National Fuel Gas Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=NFG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=NFG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();