National Fuel GAS Co revenue
National Fuel GAS Co's revenue was $2.28bn in fiscal 2025, up 17.1% on the year before. Since fiscal 2010 ($1.76bn) it has grown at a compound 2.2% a year. Over the last twelve months it was $2.51bn.
Revenue history
| 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 |
| Growth on the year before | — | +1.0% | −8.5% | −10.7% | +8.8% | +0.8% | +6.3% | −8.7% | +12.7% | +25.4% | −0.6% | −10.5% | +17.1% | — |
| Gross profit | — | — | — | — | — | 1,255 | 1,307 | 1,312 | 1,571 | 1,794 | 1,736 | 1,795 | 2,064 | 2,206 |
| Gross margin | — | — | — | — | — | 78.8% | 77.2% | 84.9% | 90.1% | 82.1% | 79.9% | 92.3% | 90.6% | 87.7% |
Where the revenue comes from
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Integrated Upstream and Gathering and Other | $1.2B | 52.0% | ▲ 21.2% |
| Total Utility | $817M | 35.9% | ▲ 17.3% |
| Pipeline and Storage | $276M | 12.1% | ▲ 1.7% |
| Line of business | Revenue | YoY |
|---|---|---|
| Natural Gas Production | $1.1B | ▲ 49.5% |
| Natural Gas Residential Sales | $597M | ▲ 18.7% |
| Oil and Gas Service | $325M | ▲ 2.9% |
| Natural Gas Commercial Sales | $84.5M | ▲ 23.4% |
| Natural Gas Storage | $57.8M | ▲ 5.2% |
| Other | $31M | ▲ 614.6% |
| Natural Gas Midstream | $11.8M | ▼ 24.0% |
| Natural Gas Industrial Sales | $4.4M | ▲ 42.0% |
| Productionof Crude Oil | $1.8M | ▼ 20.1% |
| Natural Gas Processing | $1.2M | ▲ 13.6% |
These categories overlap or exclude eliminations, so shares aren't shown.
From National Fuel GAS Co's 10-K filed November 21, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| National Fuel GAS Co | $2.51bn | 15.1% | 3.9% |
| Spire Inc | $2.73bn | 19.2% | -4.8% |
| NEW Jersey Resources Corp | $2.23bn | 6.4% | -2.4% |
| Star Group, L.p. | $1.91bn | 7.6% | -1.2% |
| Suburban Propane Partners LP | $1.39bn | -2.5% | -1.1% |
| Northwest Natural Holding Co | $1.29bn | 4.4% | 2.7% |
Compare with peers
- Spire Inc revenue
- NEW Jersey Resources Corp revenue
- Star Group, L.p. revenue
- Suburban Propane Partners LP revenue
- Northwest Natural Holding Co revenue
Head to head: NFG vs SRNFG vs NJRNFG vs SGU
More: Gas Utilities stocks compared, Utilities sector, rankings of US companies