NFGNATIONAL FUEL GAS CO
Natural Gas Distribution
- Revenue
- $2.2B
- 30% YoY
- Operating margin
- 36.7%
- 198% YoY
- EBITDA
- $1.3B
- 90% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.8×
- $2.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear212% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear22% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $3.1B | $2.3B | $1.7B | $2.2B | 30% |
| Operating income | $640M | $815M | $755M | $210M | $813M | 288% |
| Net income | $364M | $566M | $477M | $78M | $519M | 569% |
| Operating cash flow | $792M | $813M | $1.2B | $1.1B | $1.1B | 3.2% |
| Capex | $752M | $812M | $1.0B | $931M | $913M | 2.0% |
| Stock-based comp | $17M | $20M | $21M | $22M | $20M | 11% |
| Buybacks | — | $0 | $0 | $64M | $54M | 15% |
| Dividends | $163M | $168M | $176M | $184M | $188M | 2.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.