NFGNational Fuel Gas Company

Energy

$78.73-7.3% 1Y

$78.73

$75.8852 weeks$95.98

Is it safe?

Good

Strong, no red flags: clean books, quality strong, and steady price behavior.

3 good, 2 neutral, 1 without data

SurvivalGrey zone

Mixed, watch the balance sheet Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.

Honest booksLow risk

Reported earnings show no manipulation flags Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).

Quality7 / 9

High fundamental quality Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.

Credit gradeAderived · Jun 30, 2026

Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.

Drawdown risk21% volderived · Oct 9, 2026

Relatively steady, low volatility. Worst drawdown -44% · now 18% below its 52-week high.

Unless marked, from SEC EDGAR, as of Sep 30, 2025.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Volatilitytop 3% of the market

Max drawdownbetter than 85% of the market

Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.

Can NFG take a bad year?

National Fuel Gas Company carries $2.33B of net debt at 1.56× EBITDA: a load its earnings can carry.

$2.33B

Net debt · as at Q3 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA: 1.56×
Net debt / EBITDA · 3.06× a year ago · the load is coming down
Altman Z-score: 1.60
Altman Z-score · distress zone, below 1.8
Interest cover: 6.81×
Interest cover · operating profit covers the interest bill several times over