National Fuel Earnings Estimate

NFG Stock  USD 78.53  3.44  4.20%   
The next projected EPS of National Fuel is estimated to be 1.98 with future projections ranging from a low of 1.8 to a high of 2.09. National Fuel's most recent 12-month trailing earnings per share (EPS TTM) is at 5.67. Please be aware that the consensus of earnings estimates for National Fuel Gas is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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National Fuel is projected to generate 1.98 in earnings per share on the 31st of December 2025. National Fuel earnings estimates show analyst consensus about projected National Fuel Gas EPS (Earning Per Share). It derives the highest and the lowest estimates based on National Fuel's historical volatility. Many public companies, such as National Fuel, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm.

National Fuel Revenue Breakdown by Earning Segment

By analyzing National Fuel's earnings estimates, investors can diagnose different trends across National Fuel's analyst sentiment over time as well as compare current estimates against different timeframes. At this time, National Fuel's Operating Profit Margin is most likely to increase slightly in the upcoming years. The National Fuel's current Net Profit Margin is estimated to increase to 0.22, while Gross Profit Margin is projected to decrease to 0.53. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Fuel Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

National Fuel Earnings Estimation Breakdown

The calculation of National Fuel's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of National Fuel is estimated to be 1.98 with the future projection ranging from a low of 1.8 to a high of 2.09. Please be aware that this consensus of annual earnings estimates for National Fuel Gas is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
1.22
1.80
Lowest
Expected EPS
1.98
2.09
Highest

National Fuel Earnings Projection Consensus

Suppose the current estimates of National Fuel's value are higher than the current market price of the National Fuel stock. In this case, investors may conclude that National Fuel is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and National Fuel's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of December 2025Current EPS (TTM)
592.86%
1.22
1.98
5.67

National Fuel Earnings History

Earnings estimate consensus by National Fuel Gas analysts from Wall Street is used by the market to judge National Fuel's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only National Fuel's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

National Fuel Quarterly Gross Profit

322.23 Million

At this time, National Fuel's Retained Earnings are most likely to increase significantly in the upcoming years. The National Fuel's current Price Earnings To Growth Ratio is estimated to increase to 0.03, while Retained Earnings Total Equity is projected to decrease to roughly 1.2 B. The National Fuel's current Net Income Applicable To Common Shares is estimated to increase to about 626.1 M, while Common Stock Shares Outstanding is projected to decrease to roughly 85.1 M.
Hype
Prediction
LowEstimatedHigh
80.7081.9283.14
Details
Intrinsic
Valuation
LowRealHigh
73.7791.8693.08
Details
Naive
Forecast
LowNextHigh
81.7382.9584.16
Details
6 Analysts
Consensus
LowTargetHigh
92.21101.33112.48
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as National Fuel. Your research has to be compared to or analyzed against National Fuel's peers to derive any actionable benefits. When done correctly, National Fuel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in National Fuel Gas. Note that many institutional investors and large investment bankers can move markets due to the volume of National assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards National Fuel. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving National Fuel's stock price in the short term.

National Fuel Earnings per Share Projection vs Actual

Actual Earning per Share of National Fuel refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering National Fuel Gas predict the company's earnings will be in the future. The higher the earnings per share of National Fuel, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

National Fuel Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as National Fuel, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of National Fuel should always be considered in relation to other companies to make a more educated investment decision.

National Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact National Fuel's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2025-11-05
2025-09-301.111.220.11
2025-07-30
2025-06-301.541.640.1
2025-04-30
2025-03-312.212.390.18
2025-01-29
2024-12-311.561.660.1
2024-11-06
2024-09-300.820.77-0.05
2024-07-31
2024-06-300.980.990.01
2024-05-01
2024-03-311.461.790.3322 
2024-02-07
2023-12-311.341.460.12
2023-11-01
2023-09-300.850.78-0.07
2023-08-02
2023-06-300.921.010.09
2023-05-03
2023-03-311.551.54-0.01
2023-02-02
2022-12-311.691.840.15
2022-11-03
2022-09-301.231.19-0.04
2022-08-04
2022-06-301.431.540.11
2022-05-05
2022-03-311.621.680.06
2022-02-03
2021-12-311.331.480.1511 
2021-11-04
2021-09-300.750.950.226 
2021-08-05
2021-06-300.820.930.1113 
2021-05-06
2021-03-311.21.340.1411 
2021-02-05
2020-12-311.051.060.01
2020-11-05
2020-09-300.340.40.0617 
2020-08-06
2020-06-300.510.570.0611 
2020-04-30
2020-03-310.960.970.01
2020-01-30
2019-12-310.981.010.03
2019-10-31
2019-09-300.530.540.01
2019-08-01
2019-06-300.660.710.05
2019-05-02
2019-03-311.141.07-0.07
2019-01-31
2018-12-311.061.120.06
2018-11-01
2018-09-300.530.49-0.04
2018-08-02
2018-06-300.650.730.0812 
2018-05-03
2018-03-311.051.110.06
2018-02-01
2017-12-310.851.020.1720 
2017-11-02
2017-09-300.520.530.01
2017-08-03
2017-06-300.690.690.0
2017-05-04
2017-03-311.031.040.01
2017-02-02
2016-12-310.871.040.1719 
2016-11-03
2016-09-300.530.660.1324 
2016-08-04
2016-06-300.650.680.03
2016-04-28
2016-03-310.960.970.01
2016-02-04
2015-12-310.780.780.0
2015-11-05
2015-09-300.420.41-0.01
2015-08-06
2015-06-300.540.550.01
2015-04-30
2015-03-310.91.020.1213 
2015-01-29
2014-12-310.871.00.1314 
2014-11-06
2014-09-300.570.60.03
2014-08-07
2014-06-300.730.730.0
2014-05-08
2014-03-311.131.150.02
2014-02-06
2013-12-310.850.970.1214 
2013-11-07
2013-09-300.580.630.05
2013-08-08
2013-06-300.650.690.04
2013-05-02
2013-03-310.981.020.04
2013-02-07
2012-12-310.790.810.02
2012-11-01
2012-09-300.390.430.0410 
2012-08-02
2012-06-300.460.540.0817 
2012-05-03
2012-03-310.890.890.0
2012-02-02
2011-12-310.810.73-0.08
2011-11-03
2011-09-300.440.450.01
2011-08-04
2011-06-300.530.560.03
2011-05-05
2011-03-310.961.00.04
2011-02-03
2010-12-310.760.7-0.06
2010-11-04
2010-09-300.370.390.02
2010-08-05
2010-06-300.510.510.0
2010-05-06
2010-03-310.980.97-0.01
2010-02-04
2009-12-310.720.780.06
2009-11-05
2009-09-300.390.36-0.03
2009-08-06
2009-06-300.440.530.0920 
2009-04-30
2009-03-310.920.920.0
2009-02-05
2008-12-310.710.80.0912 
2008-11-06
2008-09-300.570.52-0.05
2008-08-07
2008-06-300.680.720.04
2008-05-01
2008-03-3111.110.1111 
2008-02-07
2007-12-310.70.820.1217 
2007-11-08
2007-09-300.380.40.02
2007-08-02
2007-06-300.460.490.03
2007-05-07
2007-03-310.870.890.02
2007-02-05
2006-12-310.620.620.0
2006-11-09
2006-09-300.270.360.0933 
2006-08-03
2006-06-300.390.460.0717 
2006-05-04
2006-03-310.920.91-0.01
2006-02-08
2005-12-310.690.67-0.02
2005-10-27
2005-09-300.240.16-0.0833 
2005-07-28
2005-06-300.310.310.0
2005-04-26
2005-03-310.870.84-0.03
2005-01-27
2004-12-310.570.60.03
2004-10-28
2004-09-300.120.09-0.0325 
2004-07-29
2004-06-300.320.40.0825 
2004-04-27
2004-03-310.860.950.0910 
2004-01-29
2003-12-310.510.530.02
2003-07-29
2003-06-300.320.31-0.01
2003-04-24
2003-03-310.740.990.2533 
2003-01-27
2002-12-310.50.580.0816 
2002-10-24
2002-09-300.070.05-0.0228 
2002-07-25
2002-06-300.320.320.0
2002-04-25
2002-03-310.70.770.0710 
2002-01-24
2001-12-310.470.41-0.0612 
2001-10-25
2001-09-300.080.06-0.0225 
2001-07-25
2001-06-300.390.460.0717 
2001-04-25
2001-03-310.990.94-0.05
2001-01-26
2000-12-310.690.66-0.03
2000-10-25
2000-09-300.040.03-0.0125 
2000-07-27
2000-06-300.20.18-0.0210 
2000-04-19
2000-03-310.860.910.05
2000-01-26
1999-12-310.570.570.0
1999-10-27
1999-09-300.030.060.03100 
1999-07-28
1999-06-300.230.15-0.0834 
1999-04-28
1999-03-310.760.760.0
1999-01-27
1998-12-310.470.490.02
1998-10-28
1998-09-300.03-0.04-0.07233 
1998-07-29
1998-06-300.270.25-0.02
1998-04-29
1998-03-310.760.760.0
1998-03-09
1997-12-310.520.48-0.04
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1997-07-30
1997-06-300.220.250.0313 
1997-04-30
1997-03-310.740.750.01
1997-01-30
1996-12-310.450.510.0613 
1996-10-31
1996-09-30-0.05-0.010.0480 
1996-07-24
1996-06-300.160.230.0743 
1996-04-29
1996-03-310.650.740.0913 

About National Fuel Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of National Fuel earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current National Fuel estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as National Fuel fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for Next Year
Retained Earnings2.3 B2.4 B
Retained Earnings Total Equity1.8 B1.2 B
Earnings Yield 0.07  0.07 
Price Earnings Ratio 18.54  17.31 
Price Earnings To Growth Ratio 0.02  0.03 

Currently Active Assets on Macroaxis

When determining whether National Fuel Gas is a strong investment it is important to analyze National Fuel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Fuel's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Fuel Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Gas Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Fuel. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Fuel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.317
Dividend Share
2.1
Earnings Share
5.67
Revenue Per Share
25.166
Quarterly Revenue Growth
0.253
The market value of National Fuel Gas is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Fuel's value that differs from its market value or its book value, called intrinsic value, which is National Fuel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Fuel's market value can be influenced by many factors that don't directly affect National Fuel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between National Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Fuel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.