National Fuel Gas Net Income
| NFG Stock | USD 84.16 0.73 0.87% |
As of the 4th of February, National Fuel secures the Risk Adjusted Performance of 0.0714, downside deviation of 1.04, and Mean Deviation of 0.8347. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of National Fuel Gas, as well as the relationship between them. Please verify National Fuel Gas information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if National Fuel Gas is priced some-what accurately, providing market reflects its recent price of 84.16 per share. Given that National Fuel Gas has jensen alpha of 0.0848, we recommend you to check National Fuel's last-minute market performance to make sure the company can sustain itself at a future point.
National Fuel Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 4.3962 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 596.3 M | 626.1 M | |
| Net Income Applicable To Common Shares | 596.3 M | 626.1 M | |
| Net Income From Continuing Ops | 596.3 M | 626.1 M | |
| Net Income Per Share | 5.16 | 5.41 | |
| Net Income Per E B T | 0.67 | 0.55 |
National | Net Income | Build AI portfolio with National Stock |
The Net 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 Net Income Growth Pattern
Below is the plot of the Net Income of National Fuel Gas over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in National Fuel Gas financial statement analysis. It represents the amount of money remaining after all of National Fuel Gas operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is National Fuel's Net 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.
| View | Last Reported 518.5 M | 10 Years Trend |
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Net Income |
| Timeline |
National Net Income Regression Statistics
| Arithmetic Mean | 249,203,011 | |
| Coefficient Of Variation | 119.74 | |
| Mean Deviation | 228,810,007 | |
| Median | 299,413,000 | |
| Standard Deviation | 298,406,928 | |
| Sample Variance | 89046.7T | |
| Range | 1B | |
| R-Value | 0.55 | |
| Mean Square Error | 65863.4T | |
| R-Squared | 0.31 | |
| Significance | 0.02 | |
| Slope | 32,719,683 | |
| Total Sum of Squares | 1424747.1T |
National Net Income History
Other Fundumenentals of National Fuel Gas
| Net Income Applicable To Common Shares | ||
| Net Income From Continuing Ops | ||
| Net Income Per Share | ||
| Net Income Per E B T |
National Fuel Net Income component correlations
National Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for National Fuel is extremely important. It helps to project a fair market value of National Stock properly, considering its historical fundamentals such as Net Income. Since National Fuel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of National Fuel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of National Fuel's interrelated accounts and indicators.
Click cells to compare fundamentals
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 | 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.
National Fuel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to National Fuel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of National Fuel.
| 11/06/2025 |
| 02/04/2026 |
If you would invest 0.00 in National Fuel on November 6, 2025 and sell it all today you would earn a total of 0.00 from holding National Fuel Gas or generate 0.0% return on investment in National Fuel over 90 days. National Fuel is related to or competes with Hess Midstream, Sunoco LP, Antero Midstream, APA, Transportadora, Range Resources, and CNX Resources. National Fuel Gas Company operates as a diversified energy company More
National Fuel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure National Fuel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess National Fuel Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0428 | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.72 |
National Fuel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for National Fuel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as National Fuel's standard deviation. In reality, there are many statistical measures that can use National Fuel historical prices to predict the future National Fuel's volatility.| Risk Adjusted Performance | 0.0714 | |||
| Jensen Alpha | 0.0848 | |||
| Total Risk Alpha | 0.0264 | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | 1.11 |
National Fuel February 4, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0714 | |||
| Market Risk Adjusted Performance | 1.12 | |||
| Mean Deviation | 0.8347 | |||
| Semi Deviation | 0.94 | |||
| Downside Deviation | 1.04 | |||
| Coefficient Of Variation | 1074.26 | |||
| Standard Deviation | 1.05 | |||
| Variance | 1.11 | |||
| Information Ratio | 0.0428 | |||
| Jensen Alpha | 0.0848 | |||
| Total Risk Alpha | 0.0264 | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | 1.11 | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.72 | |||
| Downside Variance | 1.09 | |||
| Semi Variance | 0.8835 | |||
| Expected Short fall | (0.88) | |||
| Skewness | (0.10) | |||
| Kurtosis | 0.3204 |
National Fuel Gas Backtested Returns
At this point, National Fuel is very steady. National Fuel Gas has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for National Fuel, which you can use to evaluate the volatility of the firm. Please verify National Fuel's Downside Deviation of 1.04, risk adjusted performance of 0.0714, and Mean Deviation of 0.8347 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. National Fuel has a performance score of 9 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0792, which conveys not very significant fluctuations relative to the market. As returns on the market increase, National Fuel's returns are expected to increase less than the market. However, during the bear market, the loss of holding National Fuel is expected to be smaller as well. National Fuel Gas right now secures a risk of 1.04%. Please verify National Fuel Gas expected short fall, and the relationship between the value at risk and daily balance of power , to decide if National Fuel Gas will be following its current price movements.
Auto-correlation | 0.51 |
Modest predictability
National Fuel Gas has modest predictability. Overlapping area represents the amount of predictability between National Fuel time series from 6th of November 2025 to 21st of December 2025 and 21st of December 2025 to 4th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of National Fuel Gas price movement. The serial correlation of 0.51 indicates that about 51.0% of current National Fuel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
National Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, National Fuel Gas reported net income of 518.5 M. This is 77.18% lower than that of the Gas Utilities sector and 93.71% lower than that of the Utilities industry. The net income for all United States stocks is 9.19% higher than that of the company.
National Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses National Fuel's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of National Fuel could also be used in its relative valuation, which is a method of valuing National Fuel by comparing valuation metrics of similar companies.National Fuel is currently under evaluation in net income category among its peers.
National Fuel Current Valuation Drivers
We derive many important indicators used in calculating different scores of National Fuel from analyzing National Fuel's financial statements. These drivers represent accounts that assess National Fuel's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of National Fuel's important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Market Cap | 4.8B | 5.6B | 4.8B | 8.4B | 7.5B | 7.9B | |
| Enterprise Value | 7.5B | 8.3B | 7.4B | 11.1B | 10.0B | 10.5B |
National Fuel ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, National Fuel's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to National Fuel's managers, analysts, and investors.Environmental | Governance | Social |
National Fuel Institutional Holders
Institutional Holdings refers to the ownership stake in National Fuel that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of National Fuel's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing National Fuel's value.| Shares | Equity Investment Corp | 2025-06-30 | 1.1 M | Norges Bank | 2025-06-30 | 1.1 M | Dimensional Fund Advisors, Inc. | 2025-06-30 | 1.1 M | Aqr Capital Management Llc | 2025-06-30 | 1.1 M | Bank Of New York Mellon Corp | 2025-06-30 | 1 M | Charles Schwab Investment Management Inc | 2025-06-30 | 906.7 K | Amvescap Plc. | 2025-06-30 | 901.4 K | Mackenzie Investments | 2025-06-30 | 744.5 K | Aventail Capital Group, Lp | 2025-06-30 | 639.2 K | Vanguard Group Inc | 2025-06-30 | 12.3 M | Blackrock Inc | 2025-06-30 | 8.5 M |
National Fundamentals
| Return On Equity | 0.21 | ||||
| Return On Asset | 0.0739 | ||||
| Profit Margin | 0.28 % | ||||
| Operating Margin | 0.43 % | ||||
| Current Valuation | 10.39 B | ||||
| Shares Outstanding | 95.03 M | ||||
| Shares Owned By Insiders | 1.29 % | ||||
| Shares Owned By Institutions | 75.58 % | ||||
| Number Of Shares Shorted | 4.47 M | ||||
| Price To Earning | 11.98 X | ||||
| Price To Book | 2.22 X | ||||
| Price To Sales | 3.33 X | ||||
| Revenue | 2.28 B | ||||
| Gross Profit | 1.57 B | ||||
| EBITDA | 1.31 B | ||||
| Net Income | 518.5 M | ||||
| Cash And Equivalents | 43.17 M | ||||
| Cash Per Share | 4.73 X | ||||
| Total Debt | 2.83 B | ||||
| Debt To Equity | 1.52 % | ||||
| Current Ratio | 0.53 X | ||||
| Book Value Per Share | 37.76 X | ||||
| Cash Flow From Operations | 1.1 B | ||||
| Short Ratio | 5.90 X | ||||
| Earnings Per Share | 7.17 X | ||||
| Price To Earnings To Growth | 2.05 X | ||||
| Target Price | 98.33 | ||||
| Number Of Employees | 2.32 K | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 7.93 B | ||||
| Total Asset | 8.72 B | ||||
| Retained Earnings | 2.01 B | ||||
| Working Capital | (515.04 M) | ||||
| Current Asset | 306.07 M | ||||
| Current Liabilities | 303.74 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 3.40 % | ||||
| Net Asset | 8.72 B | ||||
| Last Dividend Paid | 2.12 |
About National Fuel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze National Fuel Gas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Fuel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Fuel Gas based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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 | 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.