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National Fuel Gas Co Stock Research

NFG

55.29USD+0.65(+1.19%)Market Closed

Market Summary

USD55.29+0.65
Market Closed
1.19%

NFG Stock Price

NFG RSI Chart

NFG Valuation

Market Cap

5.1B

Price/Earnings (Trailing)

8.41

Price/Sales (Trailing)

2.21

EV/EBITDA

3.91

Price/Free Cashflow

37.16

NFG Price/Sales (Trailing)

NFG Profitability

EBT Margin

31.88%

Return on Equity

23.78%

Return on Assets

7.42%

Free Cashflow Yield

2.69%

NFG Fundamentals

NFG Revenue

Revenue (TTM)

2.3B

Revenue Y/Y

20.55%

Revenue Q/Q

51.41%

NFG Earnings

Earnings (TTM)

603.3M

Earnings Y/Y

28.17%

Earnings Q/Q

7.3%

Price Action

52 Week Range

53.9475.44
(Low)(High)

Last 7 days

-0.9%

Last 30 days

-1.8%

Last 90 days

-15.2%

Trailing 12 Months

-14.1%

NFG Financial Health

Current Ratio

0.57

NFG Investor Care

Dividend Yield

3.39%

Dividend/Share (TTM)

1.87

Shares Dilution (1Y)

0.57%

Diluted EPS (TTM)

6.55

Peers (Alternatives to National Fuel Gas)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
148.7B
21.0B
1.63% -7.91%
35.87
7.1
22.77% 16.06%
72.4B
29.3B
2.11% 0.11%
21.13
2.47
26.68% 48.46%
71.6B
28.8B
-4.83% -10.47%
29.16
2.49
16.84% -31.41%
44.3B
17.2B
-8.69% -34.49%
44.56
2.58
22.99% -69.77%
15.3B
4.7B
-7.62% -4.49%
19.26
3.28
33.29% 14.34%
MID-CAP
5.1B
2.3B
-1.81% -14.10%
8.41
2.21
24.37% 44.24%
4.9B
3.0B
-0.53% 16.56%
17.53
1.66
24.20% 88.67%
4.2B
2.6B
-4.56% -7.09%
18.88
1.62
42.54% 7.42%
4.1B
5.0B
-5.26% -18.92%
-19.97
0.82
34.77% -201.25%
3.6B
3.0B
-5.65% 2.01%
10.02
1.2
16.25% 16.47%
2.2B
620.7M
-5.30% 10.31%
29.91
3.56
8.19% 22.07%
SMALL-CAP
1.3B
162.4M
-12.03% -24.43%
31.22
8.15
13.48% 16.11%
945.6M
1.5B
-4.01% 1.27%
5.77
0.62
12.11% 54.37%
442.8M
2.2B
0.41% 17.27%
12.9
0.2
34.39% -46.65%
227.3M
94.2M
-4.67% 10.74%
-7.09
2.41
19.34% -457.69%

Financials for National Fuel Gas

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue5.1%2,2982,1862,1071,9991,848
EBITDA4.9%1,2351,1771,1031,024-
EBITDA Margin-0.2%0.54*0.54*0.55*0.55*-
Earnings Before Taxes7.3%733683645621548
EBT Margin2.1%0.32*0.31*0.31*0.31*-
Interest Expenses-124----
Net Income6.6%603566495473418
Net Income Margin1.4%0.26*0.26*0.23*0.24*-
Free Cahsflow19550.2%1371.00-57.69-28.24-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.0%8,1357,8968,1127,8057,590
  Current Assets14.7%8737611,150671567
    Cash Equivalents430.9%24446.0043353.0079.00
  Net PPE2.0%6,6996,5666,3856,5746,491
  Goodwill0%5.005.005.005.005.00
  Current Liabilities-21.0%1,5351,9432,1662,006896
.    Short Term Borrowings316.7%25060.00400218166
    LT Debt, Current-27.3%399549549549-
    LT Debt, Non Current0.0%2,0842,0832,0822,0822,630
Shareholder's Equity22.0%2,5372,0802,0041,8642,110
  Retained Earnings7.9%1,7131,5871,4721,4081,282
  Additional Paid-In Capital-0.1%1,0261,0271,0231,0191,014
Accumulated Depreciation1.5%6,0755,9855,9146,8836,802
Shares Outstanding0.3%92.0091.0091.0091.0091.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations19.2%968813774800758
  Share Based Compensation0.5%20.0020.0020.0019.0019.00
Cashflow From Investing-7.5%-557-518-530-769-736
Cashflow From Financing11.8%-243-27622444.00-52.58
  Dividend Payments1.2%170168166165164
  Buy Backs-22.6%7.0010.009.009.009.00

Risks for NFG

What is the probability of a big loss on NFG?

35.8%


Probability that National Fuel Gas stock will be more than 20% underwater in next one year

6.9%


Probability that National Fuel Gas stock will be more than 30% underwater in next one year.

1.9%


Probability that National Fuel Gas stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NFG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if National Fuel Gas was unfortunately bought at previous high price.

Drawdowns

Returns for NFG

Cumulative Returns on NFG

2.0%


10-Year Cumulative Returns

4.3%


7-Year Cumulative Returns

5.4%


5-Year Cumulative Returns

22.3%


3-Year Cumulative Returns

What are the long-term rolling returns for NFG?

FIve years rolling returns for National Fuel Gas.

Annualized Returns

Which funds bought or sold NFG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
2.02
139,618
2,966,620
-%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
-
23,000
-%
2023-03-03
TIAA, FSB
new
-
230,665
230,665
-%
2023-02-28
Voya Investment Management LLC
added
1.98
937,140
20,168,100
0.03%
2023-02-24
NATIXIS
new
-
898,860
898,860
-%
2023-02-23
CHELSEA COUNSEL CO
new
-
165,388
165,388
0.08%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
24,000
884,000
0.01%
2023-02-21
Empowered Funds, LLC
reduced
-58.8
-1,530,890
1,126,110
0.07%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-82.3
-28,670
6,330
-%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-35.92
-277,102
535,898
0.01%

1–10 of 49

Latest Funds Activity

Are funds buying NFG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NFG
No. of Funds

National Fuel Gas News

Nasdaq

The Implied Analyst 12-Month Target For VPU.

Nasdaq,
13 hours ago

Zacks Investment Research

Investing.com India

Seeking Alpha

Schedule 13G FIlings of National Fuel Gas

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
13.72%
12,553,811
SC 13G/A
Jan 24, 2023
blackrock inc.
9.3%
8,540,231
SC 13G
Mar 07, 2022
gamco investors, inc. et al
2.70%
2,470,600
SC 13D/A
Feb 11, 2022
state street corp
6.63%
6,045,884
SC 13G/A
Feb 09, 2022
vanguard group inc
10.29%
9,386,368
SC 13G/A
Feb 01, 2022
blackrock inc.
8.8%
8,050,417
SC 13G/A
Jan 14, 2022
jpmorgan chase & co
5.5%
5,091,756
SC 13G/A
Dec 09, 2021
vanguard group inc
10.18%
9,280,754
SC 13G/A
Feb 11, 2021
state street corp
7.57%
6,890,119
SC 13G
Feb 10, 2021
vanguard group inc
9.37%
8,531,496
SC 13G/A

NFG Fair Value

National Fuel Gas fair value in different scenarios

The table shows the Fair Value estimates for National Fuel Gas for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

60.59

9.59%

72.44

31.02%

117.98

113.38%

143.47

159.49%

175.46

217.34%
Current Inflation

55.81

0.94%

65.91

19.21%

104.44

88.89%

125.63

127.22%

152.29

175.44%
Very High Inflation

49.86

-9.82%

57.94

4.79%

88.51

60.08%

104.93

89.78%

125.69

127.33%

Historical National Fuel Gas Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of National Fuel Gas

View All Filings
Date Filed Form Type Document
Mar 09, 2023
8-K
Current Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
10-Q
Quarterly Report
Feb 03, 2023
8-K
Current Report
Feb 02, 2023
8-K
Current Report
Jan 24, 2023
SC 13G
Major Ownership Report
Jan 20, 2023
ARS
ARS
Jan 20, 2023
DEF 14A
DEF 14A
Jan 20, 2023
DEFA14A
DEFA14A

Latest Insider Trading transactions for NFG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-03
JAGGERS JOSEPH N
acquired
43,757
61.63
710
-
2023-01-03
SHAW JEFFREY W
acquired
43,757
61.63
710
-
2023-01-03
TANSKI RONALD J
acquired
43,757
61.63
710
-
2023-01-03
BAUMANN BARBARA M
acquired
43,757
61.63
710
-
2022-12-28
Bauer David P
gifted
-
-
-1,497
president and ceo
2022-12-28
Bauer David P
gifted
-
-
499
president and ceo
2022-12-12
TANSKI RONALD J
acquired
2,278,440
53.045
42,953
-
2022-12-12
TANSKI RONALD J
back to issuer
-2,278,500
63.94
-35,635
-
2022-12-10
DeCarolis Donna L
acquired
-
-
2,425
president - nfg dist. corp.
2022-12-10
Bauer David P
acquired
-
-
9,855
president and ceo

1–10 of 50

David P. Bauer
2190
National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States. As of September 30, 2021, it had proved developed and undeveloped reserves of 21,537 thousand barrels of oil and 3,723,433 million cubic feet of natural gas. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields. This segment also transports natural gas for National Fuel Gas Distribution Corporation, as well as for other utilities, industrial companies, and power producers in New York State; and owns and operates the Empire Pipeline. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region, as well as provides gathering services to Seneca Resources Company, LLC. The Utility segment sells natural gas or provides natural gas transportation services to approximately 753,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The company markets gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York, and northwestern Pennsylvania. As of September 30, 2021, the company also owned approximately 95,000 acres of timber property; and managed approximately 2,500 additional acres of timber cutting rights. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.

NFG Income Statement

2022-09-30
Consolidated Statements Of Income And Earnings Reinvested In The Business - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
INCOME   
Operating Revenues$ 2,186,046$ 1,742,659$ 1,546,291
Operating Expenses:   
Purchased Gas392,093171,827233,890
Property, Franchise and Other Taxes101,18294,71388,400
Depreciation, Depletion and Amortization369,790335,303306,158
Impairment of Oil and Gas Producing Properties076,152449,438
Total Operating Expenses1,384,2661,153,8011,516,433
Gain on Sale of Assets(12,736)(51,066)0
Operating Income814,516639,92429,858
Other Income (Expense):   
Other Income (Deductions)(1,509)(15,238)(17,814)
Interest Expense on Long-Term Debt(120,507)(141,457)(110,012)
Other Interest Expense(9,850)(4,900)(7,065)
Income (Loss) Before Income Taxes682,650478,329(105,033)
Income Tax Expense116,629114,68218,739
Net Income (Loss) Available for Common Stock566,021363,647(123,772)
EARNINGS REINVESTED IN THE BUSINESS   
Balance at Beginning of Year1,191,175991,6301,272,601
Beginning Retained Earnings Unappropriated And Current Period Net Income1,757,1961,355,2771,148,829
Dividends on Common Stock(170,111)(164,102)(156,249)
Balance at End of Year$ 1,587,085$ 1,191,175$ 991,630
Earnings (Loss) Per Common Share, Basic:   
Net Income (Loss) Available for Common Stock (in dollars per share)$ 6.19$ 3.99$ (1.41)
Earnings (Loss) Per Common Share, Diluted:   
Net Income (Loss) Available for Common Stock (in dollars per share)$ 6.15$ 3.97$ (1.41)
Weighted Average Number of Shares Outstanding:   
Used in Basic Calculation91,410,62591,130,94187,968,895
Used in Diluted Calculation92,107,06691,684,58387,968,895
Utility and Energy Marketing [Member]   
INCOME   
Operating Revenues$ 897,916$ 667,549$ 728,336
Operating Expenses:   
Operation and Maintenance193,058179,547181,051
Exploration and Production and Other [Member]   
INCOME   
Operating Revenues1,010,629837,597611,885
Operating Expenses:   
Operation and Maintenance191,572173,041148,856
Pipeline and Storage and Gathering [Member]   
INCOME   
Operating Revenues277,501237,513206,070
Operating Expenses:   
Operation and Maintenance136,571123,218108,640
Guidance for Hedging [Member] | Cumulative Effect of Adoption of Authoritative Guidance [Member]   
EARNINGS REINVESTED IN THE BUSINESS   
Balance at Beginning of Year$ 00(950)
Balance at End of Year $ 0$ 0

NFG Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Sep. 30, 2021
ASSETS  
Property, Plant and Equipment$ 12,551,909$ 13,103,639
Less - Accumulated Depreciation, Depletion and Amortization5,985,4326,719,356
Property, Plant and Equipment, Net, Total6,566,4776,384,283
Current Assets  
Cash and Temporary Cash Investments46,04831,528
Hedging Collateral Deposits[1]91,67088,610
Receivables - Net of Allowance for Uncollectible Accounts of $40,228 and $31,639, Respectively361,626205,294
Unbilled Revenue30,07517,000
Gas Stored Underground32,36433,669
Materials, Supplies and Emission Allowances40,63753,560
Unrecovered Purchased Gas Costs99,34233,128
Other Current Assets59,36959,660
Total Current Assets761,131522,449
Other Assets  
Recoverable Future Taxes106,247121,992
Unamortized Debt Expense8,88410,589
Other Regulatory Assets67,10160,145
Deferred Charges77,47259,939
Other Investments95,025149,632
Goodwill5,4765,476
Prepaid Pension and Post-Retirement Benefit Costs196,597149,151
Fair Value of Derivative Financial Instruments9,1750
Other2,6771,169
Total Other Assets568,654558,093
Total Assets7,896,2627,464,825
Capitalization:  
Common Stock, $1 Par Value Authorized - 200,000,000 Shares; Issued and Outstanding - 91,478,064 Shares and 91,181,549 Shares, Respectively91,47891,182
Paid In Capital1,027,0661,017,446
Earnings Reinvested in the Business1,587,0851,191,175
Accumulated Other Comprehensive Loss(625,733)(513,597)
Total Comprehensive Shareholders' Equity2,079,8961,786,206
Long-term Debt, Net of Current Portion and Unamortized Discount and Debt Issuance Costs2,083,4092,628,687
Total Capitalization4,163,3054,414,893
Current and Accrued Liabilities  
Notes Payable to Banks and Commercial Paper60,000158,500
Current Portion of Long-Term Debt[2]549,0000
Accounts Payable178,945171,655
Amounts Payable to Customers41921
Dividends Payable43,45241,487
Interest Payable on Long-Term Debt17,37617,376
Customer Advances26,10817,223
Customer Security Deposits24,28319,292
Other Accruals and Current Liabilities257,327194,169
Fair Value of Derivative Financial Instruments785,659616,410
Total Current and Accrued Liabilities1,942,5691,236,133
Other Liabilities  
Deferred Income Taxes698,229660,420
Taxes Refundable to Customers362,098354,089
Cost of Removal Regulatory Liability259,947245,636
Other Regulatory Liabilities188,803200,643
Pension and Other Post-Retirement Liabilities3,0657,526
Asset Retirement Obligations161,545209,639
Other Liabilities116,701135,846
Total Other Liabilities1,790,3881,813,799
Commitments and Contingencies (Note L)00
Total Capitalization and Liabilities$ 7,896,262$ 7,464,825
[1]Netting Adjustments represent the impact of legally-enforceable master netting arrangements that allow the Company to net gain and loss positions held with the same counterparties. The net asset or net liability for each counterparty is recorded as an asset or liability on the Company’s balance sheet.
[2]Current Portion of Long-Term Debt at September 30, 2022 consists of $500.0 million of 3.75% notes and $49.0 million of 7.395% notes that each mature in March 2023. The Company has committed to redeeming $150.0 million of the 3.75% notes on November 25, 2022. None of the Company's long-term debt as of September 30, 2021 had a maturity date within the following twelve-month period.