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National Fuel GAS Co cash flow statement

In fiscal 2025, National Fuel GAS Co's operations generated $1.10bn of cash; it spent $913m on capital projects, leaving free cash flow of $187m. It returned $188m in dividends and $54.4m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Sept 20102011Sept 20112012Sept 20122016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Cash from operations4476616615896856156947417928131,2371,0661,1001,272
Depreciation and amortisation192227272249224241276306335370410457457482
Stock-based pay488612162115172021222019
Capital spending4438141,0355824505847897167528121,0109319131,050
Free cash flow4−154−374723431−9425401227135187222
Free cash flow after stock pay−0−161−382222216−1161023−19207113167203
Dividends paid110115119135139143147153163168176184188198
Share buybacks0—————9—40064540
Shares issued26−1—1484—162——————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from National Fuel GAS Co's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to National Fuel GAS Co.