National Operating Income from 2010 to 2026

NFG Stock

USD 83.75 0.25 0.30%

National Fuel's Operating Income is increasing over the last several years with stable swings. Operating Income is estimated to finish at about 768.7 M this year. Operating Income is earnings before interest and taxes (EBIT), representing the amount of profit National Fuel Gas generates from its operations. View All Fundamentals

Operating Income

First Reported

1985-09-30

Previous Quarter

179.8 M

Current Value

276.1 M

Quarterly Volatility

119.1 M

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Check National Fuel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among National Fuel's main balance sheet or income statement drivers, such as Interest Expense of 188.2 M, Total Revenue of 1.7 B or Gross Profit of 1.4 B, as well as many indicators such as Price To Sales Ratio of 3.47, Dividend Yield of 0.041 or PTB Ratio of 1.7. National financial statements analysis is a perfect complement when working with National Fuel Valuation or Volatility modules.

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Check out the analysis of National Fuel Correlation against competitors.

The Operating Income trend for National Fuel Gas offers valuable insights into the company's financial trajectory and strategic direction. By examining multi-year patterns, investors can identify whether National Fuel is strengthening or weakening its position, and how this metric correlates with broader market conditions and industry benchmarks.

Latest National Fuel's Operating Income Growth Pattern

Below is the plot of the Operating Income of National Fuel Gas over the last few years. Operating Income is the amount of profit realized from National Fuel Gas operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of National Fuel Gas is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. National Fuel's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in National Fuel's overall financial position and show how it may be relating to other accounts over time.

Operating Income

10 Years Trend

Pretty Stable

Compare to Others All Fundamentals

Operating Income

Timeline

National Operating Income Regression Statistics

	Arithmetic Mean	462,785,815
	Geometric Mean	492,096,297
	Coefficient Of Variation	93.61
	Mean Deviation	312,219,891
	Median	569,673,000
	Standard Deviation	433,214,355
	Sample Variance	187674.7T
	Range	1.6B
	R-Value	0.26
	Mean Square Error	186632.3T
	R-Squared	0.07
	Significance	0.31
	Slope	22,322,816
	Total Sum of Squares	3002794.8T

National Operating Income History

	2026	768.7 M
	2025	732.1 M
	2024	813.5 M
	2023	209.7 M
	2022	755.1 M
	2021	814.5 M
	2020	639.9 M

Other Fundumenentals of National Fuel Gas

Non Operating Income Net Other

National Fuel Operating Income component correlations

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Long Term Debt	Property Plant Equipment	Intangible Assets	Good Will	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.9	-0.57	0.93	0.67	0.84	0.51	0.97	0.25	0.43	0.9	-0.27	0.79	0.66	-0.71	-0.05	-0.19	0.51	0.74	0.81	-0.44	-0.52	-0.46	-0.32	0.71	-0.58	0.55
Total Stockholder Equity	0.9		-0.46	0.75	0.77	0.7	0.31	0.77	0.01	0.42	0.73	-0.45	0.57	0.73	-0.54	-0.12	-0.1	0.35	0.53	0.69	-0.42	-0.55	-0.33	-0.33	0.79	-0.41	0.54
Current Deferred Revenue	-0.57	-0.46		-0.53	-0.5	-0.49	-0.09	-0.59	-0.2	0.18	-0.77	0.29	-0.6	-0.13	0.79	0.39	-0.25	-0.43	-0.64	-0.4	0.12	0.11	0.3	0.13	-0.31	0.09	-0.4
Net Debt	0.93	0.75	-0.53		0.53	0.85	0.56	0.96	0.22	0.36	0.83	-0.19	0.91	0.52	-0.6	-0.04	-0.27	0.7	0.88	0.91	-0.51	-0.56	-0.61	-0.4	0.71	-0.7	0.59
Retained Earnings	0.67	0.77	-0.5	0.53		0.57	0.41	0.55	0.07	0.39	0.59	-0.6	0.33	0.65	-0.48	-0.63	-0.34	0.41	0.41	0.64	-0.56	-0.74	-0.32	-0.43	0.78	-0.56	0.75
Accounts Payable	0.84	0.7	-0.49	0.85	0.57		0.52	0.85	0.37	0.36	0.73	-0.3	0.81	0.61	-0.52	-0.17	-0.25	0.56	0.8	0.8	-0.38	-0.44	-0.5	-0.28	0.65	-0.62	0.58
Net Receivables	0.51	0.31	-0.09	0.56	0.41	0.52		0.57	0.47	0.45	0.43	0.18	0.38	0.44	-0.29	-0.06	-0.54	0.48	0.38	0.58	-0.47	-0.57	-0.41	-0.36	0.35	-0.82	0.4
Total Liab	0.97	0.77	-0.59	0.96	0.55	0.85	0.57		0.36	0.4	0.92	-0.14	0.84	0.57	-0.74	0.0	-0.22	0.56	0.8	0.81	-0.41	-0.47	-0.49	-0.28	0.61	-0.63	0.5
Total Current Assets	0.25	0.01	-0.2	0.22	0.07	0.37	0.47	0.36		0.31	0.38	0.14	0.28	0.26	-0.41	-0.04	-0.18	0.3	0.27	0.17	-0.13	-0.04	-0.27	0.55	-0.06	-0.27	0.06
Short Term Debt	0.43	0.42	0.18	0.36	0.39	0.36	0.45	0.4	0.31		0.23	-0.39	0.05	0.57	-0.09	-0.02	-0.59	0.21	0.03	0.43	-0.37	-0.55	-0.09	-0.05	0.51	-0.61	0.31
Common Stock	0.9	0.73	-0.77	0.83	0.59	0.73	0.43	0.92	0.38	0.23		-0.16	0.77	0.5	-0.92	-0.13	-0.01	0.55	0.75	0.66	-0.34	-0.35	-0.44	-0.17	0.48	-0.42	0.45
Short Term Investments	-0.27	-0.45	0.29	-0.19	-0.6	-0.3	0.18	-0.14	0.14	-0.39	-0.16		-0.08	-0.41	0.06	0.62	0.22	-0.24	-0.17	-0.36	0.33	0.44	0.03	0.13	-0.65	0.2	-0.58
Long Term Debt	0.79	0.57	-0.6	0.91	0.33	0.81	0.38	0.84	0.28	0.05	0.77	-0.08		0.33	-0.57	-0.04	-0.06	0.74	0.98	0.81	-0.42	-0.34	-0.66	-0.21	0.55	-0.48	0.49
Property Plant Equipment	0.66	0.73	-0.13	0.52	0.65	0.61	0.44	0.57	0.26	0.57	0.5	-0.41	0.33		-0.35	-0.12	-0.5	0.27	0.31	0.5	-0.45	-0.53	-0.16	-0.18	0.62	-0.49	0.41
Intangible Assets	-0.71	-0.54	0.79	-0.6	-0.48	-0.52	-0.29	-0.74	-0.41	-0.09	-0.92	0.06	-0.57	-0.35		0.09	-0.17	-0.38	-0.56	-0.37	0.17	0.14	0.29	0.04	-0.2	0.23	-0.19
Good Will	-0.05	-0.12	0.39	-0.04	-0.63	-0.17	-0.06	0.0	-0.04	-0.02	-0.13	0.62	-0.04	-0.12	0.09		0.28	-0.36	-0.22	-0.31	0.33	0.43	0.15	0.2	-0.47	0.23	-0.75
Net Tangible Assets	-0.19	-0.1	-0.25	-0.27	-0.34	-0.25	-0.54	-0.22	-0.18	-0.59	-0.01	0.22	-0.06	-0.5	-0.17	0.28		-0.29	-0.11	-0.46	0.51	0.69	0.15	0.3	-0.47	0.73	-0.51
Total Permanent Equity	0.51	0.35	-0.43	0.7	0.41	0.56	0.48	0.56	0.3	0.21	0.55	-0.24	0.74	0.27	-0.38	-0.36	-0.29		0.8	0.8	-0.6	-0.65	-0.84	-0.18	0.6	-0.64	0.6
Long Term Debt Total	0.74	0.53	-0.64	0.88	0.41	0.8	0.38	0.8	0.27	0.03	0.75	-0.17	0.98	0.31	-0.56	-0.22	-0.11	0.8		0.84	-0.47	-0.41	-0.68	-0.25	0.6	-0.53	0.59
Capital Surpluse	0.81	0.69	-0.4	0.91	0.64	0.8	0.58	0.81	0.17	0.43	0.66	-0.36	0.81	0.5	-0.37	-0.31	-0.46	0.8	0.84		-0.69	-0.79	-0.69	-0.44	0.87	-0.81	0.8
Deferred Long Term Liab	-0.44	-0.42	0.12	-0.51	-0.56	-0.38	-0.47	-0.41	-0.13	-0.37	-0.34	0.33	-0.42	-0.45	0.17	0.33	0.51	-0.6	-0.47	-0.69		0.77	0.51	0.38	-0.65	0.68	-0.59
Long Term Investments	-0.52	-0.55	0.11	-0.56	-0.74	-0.44	-0.57	-0.47	-0.04	-0.55	-0.35	0.44	-0.34	-0.53	0.14	0.43	0.69	-0.65	-0.41	-0.79	0.77		0.6	0.43	-0.81	0.81	-0.73
Short Long Term Debt	-0.46	-0.33	0.3	-0.61	-0.32	-0.5	-0.41	-0.49	-0.27	-0.09	-0.44	0.03	-0.66	-0.16	0.29	0.15	0.15	-0.84	-0.68	-0.69	0.51	0.6		0.07	-0.45	0.52	-0.43
Cash And Equivalents	-0.32	-0.33	0.13	-0.4	-0.43	-0.28	-0.36	-0.28	0.55	-0.05	-0.17	0.13	-0.21	-0.18	0.04	0.2	0.3	-0.18	-0.25	-0.44	0.38	0.43	0.07		-0.45	0.51	-0.43
Net Invested Capital	0.71	0.79	-0.31	0.71	0.78	0.65	0.35	0.61	-0.06	0.51	0.48	-0.65	0.55	0.62	-0.2	-0.47	-0.47	0.6	0.6	0.87	-0.65	-0.81	-0.45	-0.45		-0.64	0.86
Net Working Capital	-0.58	-0.41	0.09	-0.7	-0.56	-0.62	-0.82	-0.63	-0.27	-0.61	-0.42	0.2	-0.48	-0.49	0.23	0.23	0.73	-0.64	-0.53	-0.81	0.68	0.81	0.52	0.51	-0.64		-0.61
Capital Stock	0.55	0.54	-0.4	0.59	0.75	0.58	0.4	0.5	0.06	0.31	0.45	-0.58	0.49	0.41	-0.19	-0.75	-0.51	0.6	0.59	0.8	-0.59	-0.73	-0.43	-0.43	0.86	-0.61

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About National Fuel Financial Statements

National Fuel stakeholders use historical fundamental indicators, such as National Fuel's Operating Income, to determine how well the company is positioned to perform in the future. Although National Fuel investors may analyze each financial statement separately, they are all interrelated. For example, changes in National Fuel's assets and liabilities are reflected in the revenues and expenses on National Fuel's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in National Fuel Gas. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for Next Year
Operating Income	732.1 M	768.7 M
Non Operating Income Net Other	-1.4 M	-1.3 M

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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:

How To Invest In National

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Is National Stock a good investment?

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What is National Fuel's Net Worth?

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Check out the analysis of National Fuel Correlation against competitors.

You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Can Gas Utilities industry sustain growth momentum? Does National have expansion opportunities? Factors like these will boost the valuation of National Fuel. Anticipated expansion of National directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating National Fuel demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.

Quarterly Earnings Growth

3.041

Dividend Share

2.12

Earnings Share

7.17

Revenue Per Share

26.265

Quarterly Revenue Growth

0.186

Investors evaluate National Fuel Gas using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating National Fuel's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause National Fuel's market price to deviate significantly from intrinsic value.

It's important to distinguish between National Fuel's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding National Fuel should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, National Fuel's market price signifies the transaction level at which participants voluntarily complete trades.

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National Operating Income from 2010 to 2026

Latest National Fuel's Operating Income Growth Pattern

National Operating Income Regression Statistics

National Operating Income History

Other Fundumenentals of National Fuel Gas

National Fuel Operating Income component correlations

About National Fuel Financial Statements

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