Wall Street analyst estimates for National Fuel Gas Company (NFG): consensus price target and buy/hold/sell recommendations.
National Fuel Gas Company (NFG) operates as a multifaceted energy enterprise, with its business structured across four primary divisions: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production (E&P) division is dedicated to discovering, developing, and producing natural gas and oil. Its operations are concentrated in California and the Appalachian region of the United States.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 9 |
| Hold | 9 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 18 |
| Avg rating (−2 sell to +2 buy) | 0.50 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-04 | $1.04 | ||
| 2026-07-29 | $1.54 | $1.44 | +6.9% |
| 2026-04-29 | $2.71 | $2.85 | -4.9% |
| 2026-01-28 | $2.06 | $1.91 | +7.9% |
| 2025-11-05 | $1.22 | $1.11 | +9.9% |
| 2025-07-30 | $1.64 | $1.50 | +9.3% |
| 2025-04-30 | $2.39 | $2.18 | +9.6% |
| 2025-01-29 | $1.66 | $1.57 | +5.7% |
Valuation Ratios
| P/E Ratio | 10.92 |
| Price / Book | 1.90 |
| Dividend Yield | 2.74% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.58B | $1.59B | $1.69B | $1.55B | $1.74B | $2.19B | $2.17B | $1.94B | $2.28B |
| Cost of Revenue | $838.9M | $901.1M | $988.6M | $1.09B | $978.6M | $982.9M | $1.28B | $1.33B | $1.13B | $771.3M |
| Gross Profit | $613.5M | $678.8M | $604.1M | $600.7M | $567.7M | $759.7M | $903.0M | $847.8M | $817.7M | $1.51B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | $1.03B | $85.0M | $84.4M | $88.9M | $537.8M | $119.8M | $88.4M | $92.7M | $608.0M | $692.8M |
| Operating Income | -$416.5M | $593.8M | $519.7M | $511.8M | $29.9M | $639.9M | $814.5M | $755.1M | $209.7M | $813.5M |
| EBITDA | -$153.0M | $788.2M | $739.5M | $771.9M | $325.7M | $960.0M | $1.18B | $1.18B | $683.0M | $1.31B |
| Interest Expense | $121.0M | $119.8M | $114.5M | $106.8M | $117.1M | $146.4M | $130.4M | $131.9M | $138.7M | $155.8M |
| Pre-tax Income | -$523.5M | $444.2M | $384.0M | $389.5M | -$105.0M | $478.3M | $682.6M | $641.4M | $87.3M | $694.1M |
| Income Tax | -$232.5M | $160.7M | -$7.5M | $85.2M | $18.7M | $114.7M | $116.6M | $164.5M | $9.7M | $175.5M |
| Net Income | -$291.0M | $283.5M | $391.5M | $304.3M | -$123.8M | $363.6M | $566.0M | $476.9M | $77.5M | $518.5M |
| EPS | -$3.43 | $3.32 | $4.56 | $3.53 | -$1.41 | $3.99 | $6.19 | $5.20 | $0.84 | $5.73 |
| EPS (Diluted) | -$3.43 | $3.30 | $4.53 | $3.51 | -$1.41 | $3.97 | $6.15 | $5.17 | $0.84 | $5.68 |
| Shares Outstanding (Diluted) | 84.8 M | 86.0 M | 86.4 M | 86.8 M | 88.0 M | 91.7 M | 92.1 M | 92.3 M | 92.3 M | 91.2 M |
Price
| Price | $78.63 (closing price, November 3, 2026) |
| Market Cap | $7.5B |
| Exchange | NYSE |
| Country | US |
Related companies: APA · EQNR · E · YPF · PR · AR · RRC · CNX
Explore sector: Energy · Oil & Gas Integrated
More sections of NFG: Overview · Financials · Valuation · Technical · Ownership
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