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National Fuel Gas Company (NFG)




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Upturn Advisory Summary
06/27/2025: NFG (3-star) is a STRONG-BUY. BUY since 147 days. Profits (34.28%). Updated daily EoD!
Year Target Price $84.5
Year Target Price $84.5
1 | Strong Buy |
1 | Buy |
3 | Hold |
0 | Under performing |
1 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 35.51% | Avg. Invested days 68 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.68B USD | Price to earnings Ratio 184.7 | 1Y Target Price 84.5 |
Price to earnings Ratio 184.7 | 1Y Target Price 84.5 | ||
Volume (30-day avg) - | Beta 0.64 | 52 Weeks Range 52.72 - 86.45 | Updated Date 06/29/2025 |
52 Weeks Range 52.72 - 86.45 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 2.52% | Basic EPS (TTM) 0.46 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.91% | Operating Margin (TTM) 45.36% |
Management Effectiveness
Return on Assets (TTM) 6.15% | Return on Equity (TTM) 1.3% |
Valuation
Trailing PE 184.7 | Forward PE 11.2 | Enterprise Value 10575875880 | Price to Sales(TTM) 3.71 |
Enterprise Value 10575875880 | Price to Sales(TTM) 3.71 | ||
Enterprise Value to Revenue 5.11 | Enterprise Value to EBITDA 16.85 | Shares Outstanding 90352000 | Shares Floating 89006635 |
Shares Outstanding 90352000 | Shares Floating 89006635 | ||
Percent Insiders 1.24 | Percent Institutions 79.25 |
Analyst Ratings
Rating 3.33 | Target Price 84.5 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 3 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
National Fuel Gas Company

Company Overview
History and Background
National Fuel Gas Company was founded in 1902. It has evolved from a regional gas distributor to an integrated energy company with diverse operations across the natural gas industry.
Core Business Areas
- Exploration and Production: Involves the exploration, development, and production of natural gas and oil reserves, primarily in the Appalachian region.
- Pipeline and Storage: Encompasses the transportation and storage of natural gas through an extensive pipeline network.
- Gathering: Gathering focuses on smaller pipeline networks to transport gas from the wellhead to larger pipelines
- Utility: The Utility segment distributes natural gas to residential, commercial, and industrial customers in western New York and northwestern Pennsylvania.
Leadership and Structure
The company is led by a CEO and a board of directors. The organizational structure includes various departments aligned with its core business segments.
Top Products and Market Share
Key Offerings
- Natural Gas Distribution: Provides natural gas to over 750,000 customers in western New York and Pennsylvania. Competitors include other utility companies like UGI Corporation (UGI). Market share varies regionally.
- Natural Gas Production: Extracts natural gas from the Appalachian Basin. Competitors include Southwestern Energy (SWN) and Range Resources (RRC). Revenue fluctuates based on commodity prices and production volumes.
- Pipeline and Storage Services: National Fuel Gas provides transportation and storage of natural gas. Competitors include Kinder Morgan (KMI), Williams Companies (WMB).
Market Dynamics
Industry Overview
The natural gas industry is influenced by factors such as supply and demand, commodity prices, regulatory policies, and technological advancements. Renewables are increasingly becoming a competitor.
Positioning
National Fuel Gas Company holds a strong position in the Appalachian region due to its integrated operations and extensive infrastructure. Its competitive advantages include its established customer base and strategic asset locations.
Total Addressable Market (TAM)
The TAM for natural gas distribution and production is substantial, estimated in the billions of dollars. National Fuel Gas Company is positioned to capture a portion of this market through its integrated operations and regional focus.
Upturn SWOT Analysis
Strengths
- Integrated operations across the natural gas value chain
- Established customer base in key markets
- Strategic asset locations in the Appalachian region
- Strong financial position and consistent profitability
- Disciplined Capital Allocation Strategy
Weaknesses
- Vulnerability to fluctuations in natural gas prices
- Exposure to regulatory risks and environmental regulations
- Dependence on the Appalachian region for production
- Limited geographic diversification
- Reliance on aging infrastructure
Opportunities
- Expansion of pipeline infrastructure to meet growing demand
- Investment in renewable energy projects
- Acquisition of additional natural gas reserves
- Development of new technologies to enhance efficiency
- Increased export opportunities for natural gas
Threats
- Increased competition from renewable energy sources
- Changes in government regulations and environmental policies
- Economic downturns and reduced demand for natural gas
- Cybersecurity threats and infrastructure vulnerabilities
- Geopolitical instability affecting energy markets
Competitors and Market Share
Key Competitors
- UGI
- SWN
- RRC
- KMI
- WMB
Competitive Landscape
National Fuel Gas Company benefits from its integrated operations and regional focus. However, it faces competition from larger companies with greater geographic diversification and financial resources.
Major Acquisitions
Seneca Resources
- Year: 2010
- Acquisition Price (USD millions): 785
- Strategic Rationale: Expanded upstream natural gas production capabilities.
Growth Trajectory and Initiatives
Historical Growth: National Fuel Gas Company's historical growth has been driven by its integrated operations, strategic acquisitions, and expansion of its pipeline infrastructure.
Future Projections: Future growth projections depend on factors such as natural gas prices, production volumes, and regulatory changes. Analyst estimates suggest continued growth in the coming years.
Recent Initiatives: Recent initiatives include investments in pipeline modernization, expansion of renewable energy projects, and acquisitions of additional natural gas reserves.
Summary
National Fuel Gas Company is a stable and integrated energy company with a strong presence in the Appalachian region. Its integrated model provides some insulation from commodity price volatility but leaves it exposed to regional downturns. The company must navigate increasing competition from renewable energy sources and regulatory pressures while capitalizing on opportunities for infrastructure expansion. Overall, National Fuel Gas Company appears to be a reasonably stable company that will face new challenges.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Financial News Outlets
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share estimates are approximate and may vary depending on the source. Financial data requires further query for accuracy.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About National Fuel Gas Company
Exchange NYSE | Headquaters Williamsville, NY, United States | ||
IPO Launch date 1987-09-01 | President, CEO & Director Mr. David P. Bauer | ||
Sector Energy | Industry Oil & Gas Integrated | Full time employees 2311 | Website https://www.nationalfuel.com |
Full time employees 2311 | Website https://www.nationalfuel.com |
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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and storage services through its underground natural gas storage fields. This segment also transports and stores natural gas for National Fuel Gas Distribution Corporation, as well as for utilities, industrial companies, and power producers in New York State. The Gathering segment builds, owns, and operates gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. The Utility segment sells natural gas to retail customers; and provides natural gas utility services to various customers in Buffalo, Niagara Falls, and Jamestown, New York, as well as in Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
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