National Fuel GAS Co income statement

In fiscal 2025, National Fuel GAS Co reported revenue of $2.28bn, up 17.1% on the year before, operating income of $813m (a 35.7% margin) and net income of $519m, or $5.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

National Fuel GAS Co: income statement, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2012Sept 2012	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Revenue	1,761	1,779	1,627	1,452	1,580	1,593	1,693	1,546	1,743	2,186	2,174	1,945	2,278	2,514
Cost of revenue	—	—	—	—	—	338	386	234	172	392	438	150	213	308
Gross profit	—	—	—	—	—	1,255	1,307	1,312	1,571	1,794	1,736	1,795	2,064	2,206
General and administrative	—	—	—	—	—	—	—	—	—	—	66	71	75	74
Operating income	440	441	448	−417	594	520	512	30	640	815	755	210	813	1,012
Interest expense	94	78	86	121	120	115	107	117	146	130	132	139	156	149
Income before tax	—	—	371	−524	444	384	390	−105	478	683	641	87	694	905
Income tax	137	164	151	−233	161	−7	85	19	115	117	165	10	176	230
Net income	226	258	220	−291	283	392	304	−124	364	566	477	78	519	675
Diluted EPS	$2.73	$3.09	$2.63	−$3.43	$3.30	$4.53	$3.51	−$1.41	$3.97	$6.15	$5.17	$0.84	$5.68	$7.21
Diluted shares (average)	83m	84m	84m	85m	86m	86m	87m	88m	92m	92m	92m	92m	91m	94m
EBITDA	632	668	720	−167	818	761	787	336	975	1,184	1,165	667	1,270	1,494

US$ millions unless shown otherwise. Fiscal quarters.

National Fuel GAS Co: income statement, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Revenue	372	549	730	532	466	652	858	537
Cost of revenue	−17	65	135	28	−15	86	208	30
Gross profit	389	484	595	504	481	566	651	508
General and administrative	—	19	19	19	18	19	18	17
Operating income	−197	86	317	230	180	276	347	209
Interest expense	49	38	45	38	35	43	34	36
Income before tax	−228	56	288	201	149	241	330	185
Income tax	−60	11	71	51	42	59	83	46
Net income	−168	45	216	150	107	182	248	139
Diluted EPS	−$1.81	$0.49	$2.37	$1.64	$1.17	$1.98	$2.59	$1.45
EBITDA	−88	196	429	347	299	398	466	330

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.