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National Fuel Gas Company (NFG)



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Upturn Advisory Summary
10/14/2025: NFG (3-star) is a REGULAR-BUY. BUY since 222 days. Simulated Profits (35.21%). Updated daily EoD!
1 Year Target Price $98.75
1 Year Target Price $98.75
1 | Strong Buy |
1 | Buy |
3 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 36.45% | Avg. Invested days 83 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.66B USD | Price to earnings Ratio 31.42 | 1Y Target Price 98.75 |
Price to earnings Ratio 31.42 | 1Y Target Price 98.75 | ||
Volume (30-day avg) 6 | Beta 0.59 | 52 Weeks Range 57.25 - 93.80 | Updated Date 10/14/2025 |
52 Weeks Range 57.25 - 93.80 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 2.45% | Basic EPS (TTM) 2.69 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.15% | Operating Margin (TTM) 44.63% |
Management Effectiveness
Return on Assets (TTM) 6.86% | Return on Equity (TTM) 8% |
Valuation
Trailing PE 31.42 | Forward PE 11.05 | Enterprise Value 10990381338 | Price to Sales(TTM) 3.51 |
Enterprise Value 10990381338 | Price to Sales(TTM) 3.51 | ||
Enterprise Value to Revenue 5.03 | Enterprise Value to EBITDA 11.98 | Shares Outstanding 90363646 | Shares Floating 89054277 |
Shares Outstanding 90363646 | Shares Floating 89054277 | ||
Percent Insiders 1.26 | Percent Institutions 78.99 |
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 supplier of natural gas in western New York to an integrated energy company with operations across several states.
Core Business Areas
- Exploration and Production: Explores for, develops, and produces natural gas and oil in the Appalachian region.
- Pipeline and Storage: Transports natural gas through an interstate pipeline system and provides storage services.
- Gathering: Owns and operates natural gas gathering systems.
- Utility: Distributes natural gas to customers in western New York and northwestern Pennsylvania.
Leadership and Structure
The company is led by a Board of Directors and a management team headed by the President and CEO. The organizational structure is divided into business segments, each with its own leadership and operational responsibilities.
Top Products and Market Share
Key Offerings
- Natural Gas Production: Exploration, development, and production of natural gas. Market share data unavailable, significant revenues. Competitors include Range Resources, EQT Corporation.
- Natural Gas Transportation: Transportation of natural gas through the company's pipeline system. Market share data unavailable. Competitors include Williams Companies, Kinder Morgan.
- Natural Gas Distribution: Delivery of natural gas to end-use customers in its service territories. Market share leader in its utility service territory; Revenue is significant in this segment. Competitors include local municipal utility companies.
Market Dynamics
Industry Overview
The natural gas industry is undergoing changes due to increasing production, infrastructure development, and environmental concerns. Demand is growing both domestically and internationally.
Positioning
National Fuel Gas Company is a vertically integrated natural gas company with a strong presence in the Appalachian region. Its competitive advantage lies in its integrated operations and strategic asset base.
Total Addressable Market (TAM)
The total addressable market is the entire market for natural gas in the United States. National Fuel Gas Company is positioned to capture a portion of this market through its production, transportation, and distribution activities.
Upturn SWOT Analysis
Strengths
- Vertically integrated operations
- Strategic asset base in the Appalachian region
- Experienced management team
- Stable utility business
- Strong dividend history
Weaknesses
- Exposure to commodity price volatility
- Dependence on regulatory approvals
- Geographic concentration
- Environmental concerns
Opportunities
- Expansion of pipeline infrastructure
- Increased natural gas demand
- Development of new technologies
- Acquisition opportunities
Threats
- Decreased natural gas prices
- Increased regulatory scrutiny
- Competition from other energy sources
- Economic downturns
Competitors and Market Share
Key Competitors
- EQT
- CNQ
- RRC
Competitive Landscape
National Fuel Gas Company faces competition from other natural gas producers, pipeline operators, and utility companies. Its integrated operations provide a competitive advantage.
Major Acquisitions
Seneca Resources
- Year: 2010
- Acquisition Price (USD millions): 740
- Strategic Rationale: This acquisition was undertaken to increase its natural gas reserves.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by increased natural gas production and expansion of pipeline infrastructure.
Future Projections: Future growth is projected to be driven by increased demand for natural gas and strategic investments in infrastructure.
Recent Initiatives: Recent initiatives include expanding pipeline capacity and increasing natural gas production.
Summary
National Fuel Gas Company is a vertically integrated energy company with operations in the Appalachian region. The company's strengths include its integrated operations and stable utility business. Challenges include exposure to commodity price volatility and regulatory risks. NFG needs to keep a close watch on regulatory changes in the energy sector.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Data is based on available information and subject to change.
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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