National Fuel Gas Company

National Fuel Gas Company

NFGยทNYSE

$77.45

+0.28%
EnergyOil & Gas Integrated

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.

At a Glance

Live Snapshot
Market Cap$7.36B
EPS5.7300
P/E Ratio13.52
Earnings Date07/29/2026
0.57%
Dividend Yield
-14%
3Y-31.0%
5Y-36.0%
10Y-18.0%
20.53%
Dividend Payout Ratio
-23%
3Y-34.0%
5Y-43.0%
10Y-95.0%
3Y+17.0%
5Y+25.0%
10Y+52.0%
National Fuel Gas Company

National Fuel Gas Company Dividend History

NFG ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

NFG Dividend Payment History

NFG ยท NYSE

Total Payments

50

Latest Dividend

$0.5350

Annual Amount

$2.6550

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Mar 12, 2026
Mar 31, 2026Apr 15, 2026
$0.5350
$0.5350
Quarterly0.00%
Dec 5, 2025
Dec 31, 2025Jan 15, 2026
$0.5350
$0.5350
Quarterly0.00%
Sep 11, 2025
Sep 30, 2025Oct 15, 2025
$0.5350
$0.5350
Quarterly0.00%
Jun 12, 2025
Jun 30, 2025Jul 15, 2025
$0.5350
$0.5350
Quarterly+3.88%
Mar 13, 2025
Mar 31, 2025Apr 15, 2025
$0.5150
$0.5150
Quarterly0.00%
Dec 6, 2024
Dec 31, 2024Jan 15, 2025
$0.5150
$0.5150
Quarterly0.00%
Sep 13, 2024
Sep 30, 2024Oct 15, 2024
$0.5150
$0.5150
Quarterly0.00%
Jun 13, 2024
Jun 28, 2024Jul 15, 2024
$0.5150
$0.5150
Quarterly+4.04%
Mar 11, 2024
Mar 28, 2024Apr 15, 2024
$0.4950
$0.4950
Quarterly0.00%
Dec 7, 2023
Dec 29, 2023Jan 12, 2024
$0.4950
$0.4950
Quarterly0.00%
Sep 14, 2023
Sep 29, 2023Oct 13, 2023
$0.4950
$0.4950
Quarterly0.00%
Jun 15, 2023
Jun 30, 2023Jul 14, 2023
$0.4950
$0.4950
Quarterly+4.21%
Mar 9, 2023
Mar 31, 2023Apr 14, 2023
$0.4750
$0.4750
Quarterly0.00%
Dec 2, 2022
Dec 30, 2022Jan 13, 2023
$0.4750
$0.4750
Quarterly0.00%
Sep 16, 2022
Sep 30, 2022Oct 14, 2022
$0.4750
$0.4750
Quarterly0.00%
Jun 15, 2022
Jun 30, 2022Jul 15, 2022
$0.4750
$0.4750
Quarterly+4.40%
Mar 10, 2022
Mar 31, 2022Apr 15, 2022
$0.4550
$0.4550
Quarterly0.00%
Dec 3, 2021
Dec 31, 2021Jan 14, 2022
$0.4550
$0.4550
Quarterly0.00%
Sep 17, 2021
Sep 30, 2021Oct 15, 2021
$0.4550
$0.4550
Quarterly0.00%
Jun 17, 2021
Jun 30, 2021Jul 15, 2021
$0.4550
$0.4550
Quarterly+2.25%
Mar 11, 2021
Mar 31, 2021Apr 15, 2021
$0.4450
$0.4450
Quarterly0.00%
Dec 11, 2020
Dec 31, 2020Jan 15, 2021
$0.4450
$0.4450
Quarterly0.00%
Sep 10, 2020
Sep 30, 2020Oct 15, 2020
$0.4450
$0.4450
Quarterly0.00%
Jun 11, 2020
Jun 30, 2020Jul 15, 2020
$0.4450
$0.4450
Quarterly+2.30%
Mar 11, 2020
Mar 31, 2020Apr 15, 2020
$0.4350
$0.4350
Quarterly0.00%
Dec 10, 2019
Dec 31, 2019Jan 15, 2020
$0.4350
$0.4350
Quarterly0.00%
Sep 12, 2019
Sep 30, 2019Oct 15, 2019
$0.4350
$0.4350
Quarterly0.00%
Jun 13, 2019
Jun 28, 2019Jul 15, 2019
$0.4350
$0.4350
Quarterly+2.35%
Mar 7, 2019
Mar 29, 2019Apr 15, 2019
$0.4250
$0.4250
Quarterly0.00%
Dec 5, 2018
Dec 31, 2018Jan 15, 2019
$0.4250
$0.4250
Quarterly0.00%
Sep 13, 2018
Sep 28, 2018Oct 15, 2018
$0.4250
$0.4250
Quarterly0.00%
Jun 14, 2018
Jun 29, 2018Jul 13, 2018
$0.4250
$0.4250
Quarterly+2.41%
Mar 8, 2018
Mar 29, 2018Apr 13, 2018
$0.4150
$0.4150
Quarterly0.00%
Dec 7, 2017
Dec 29, 2017Jan 12, 2018
$0.4150
$0.4150
Quarterly0.00%
Sep 14, 2017
Sep 29, 2017Oct 13, 2017
$0.4150
$0.4150
Quarterly0.00%
Jun 15, 2017
Jun 30, 2017Jul 14, 2017
$0.4150
$0.4150
Quarterly+2.47%
Mar 9, 2017
Mar 31, 2017Apr 14, 2017
$0.4050
$0.4050
Quarterly0.00%
Dec 9, 2016
Dec 30, 2016Jan 13, 2017
$0.4050
$0.4050
Quarterly0.00%
Sep 19, 2016
Sep 30, 2016Oct 14, 2016
$0.4050
$0.4050
Quarterly0.00%
Jun 9, 2016
Jun 30, 2016Jul 15, 2016
$0.4050
$0.4050
Quarterly+2.53%
Mar 10, 2016
Mar 31, 2016Apr 15, 2016
$0.3950
$0.3950
Quarterly0.00%
Dec 9, 2015
Dec 31, 2015Jan 15, 2016
$0.3950
$0.3950
Quarterly0.00%
Sep 18, 2015
Sep 30, 2015Oct 15, 2015
$0.3950
$0.3950
Quarterly0.00%
Jun 11, 2015
Jun 30, 2015Jul 15, 2015
$0.3950
$0.3950
Quarterly+2.60%
Mar 12, 2015
Mar 31, 2015Apr 15, 2015
$0.3850
$0.3850
Quarterly0.00%
Dec 10, 2014
Dec 31, 2014Jan 15, 2015
$0.3850
$0.3850
Quarterly0.00%
Sep 11, 2014
Sep 30, 2014Oct 15, 2014
$0.3850
$0.3850
Quarterly0.00%
Jun 12, 2014
Jun 30, 2014Jul 15, 2014
$0.3850
$0.3850
Quarterly+2.67%
Mar 13, 2014
Mar 31, 2014Apr 15, 2014
$0.3750
$0.3750
Quarterly0.00%
Dec 10, 2013
Dec 31, 2013Jan 15, 2014
$0.3750
$0.3750
Quarterly-
nfg

National Fuel Gas Company Payout Ratio Analysis

NFG ยท NYSE
Dividends Paid
-188.44M
2025
Net Income
518.50M
2025
Payout Ratio
36.34%
2025

Dividend Sustainability Analysis

Payout Ratio
36.34%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
100.7%

FCF insufficient to cover dividends. Company relying on borrowing, asset sales, or cash reserves to maintain payout. Unsustainable long-term.

Dividend Growth
-2.5%

Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.

Sustainability
At Risk

Dividend appears unsustainable based on current metrics. High probability of reduction or elimination. Proceed with caution.

Key Insight

Unsustainable dividend: Company paying out more than it generates in earnings or free cash flow. Dividend cut highly probable unless management takes corrective action or earnings recover dramatically.