The financials
National Fuel Gas Company by the numbers
National Fuel Gas Company (NFG) reported revenue of $858M in Q2 2026 (quarter ended March 31, 2026), up 18% from the same quarter a year earlier. That came with a gross margin of 76% and net income of $248M (29% of revenue). For the full year FY2025, revenue was $2.28B (+17% year on year) and net income $519M. Its largest segment in 2026-Q2 was Integrated Upstream And Gathering at $303M, 56% of the disclosed total, just ahead of Utility at 31%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $858M | $730M | +18% |
| Gross profit | $651M | $595M | +9.4% |
| Operating income | $347M | $317M | +9.4% |
| Net income | $248M | $216M | +14% |
| Diluted EPS | $2.59 | $2.37 | +9.3% |
| Operating | Revenue | Share |
|---|---|---|
| Integrated Upstream And Gathering | $303M | 56% |
| Utility | $165M | 31% |
| Pipeline And Storage | $70M | 13% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $537.5M (-37%)
Utility grew +5.1% year on yearIntegrated Upstream And Gathering -1.3% year on year
Segment Latestquarter on quarteryear on year
- Integrated Upstream And Gathering$302.5M$302.5MQoQ -16%year on year -1.3%-16%-1.3%
- Utility$165.4M$165.4MQoQ -61%year on year +5.1%-61%+5.1%
- Pipeline And Storage$69.6M$69.6MQoQ -5.7%year on year +2.3%-5.7%+2.3%
- All Other Segments And Reconciling Items$0.00$0.00QoQ -year on year ---
- Exploration And Production--QoQ -year on year ---
- Exploration and Production and Other Category--QoQ -year on year ---
- Gathering--QoQ -year on year ---
- Pipeline and Storage and Gathering--QoQ -year on year ---
- Total Utility--QoQ -year on year ---
Oil & Gas Integrated
Ranks #3 of 13 by Smart Score