National Fuel Gas (NFG) Stock Buyback History
TTM buyback yield 0.12% · Shareholder yield (TTM) 0.12%.
TTM buyback yield
0.12%
Shareholder yield (TTM)
0.12%
5Y share count change
3.7%
TTM buyback spend
$11.01M
SBC coverage (TTM)
0.57x
YoY change in spend
-13.2%
5Y CAGR of spend
-18.2%
Peak year (2008)
$237.01M
Cumulative spend
$699.99M
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- National Fuel Gas (NFG) repurchased about $11.01M of stock over the trailing twelve months.
- Diluted share count is up 3.7% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 0.57× — repurchases only partially offset SBC dilution.
- Cash buyback spend has compounded at -18.2% per year over the latest 5-year window.
- TTM repurchases used about 10% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $59.09M | $19.75M | $39.33M | 0.09B | -1.2% | 0.71% |
| 2024 | $68.04M | $22.08M | $45.96M | 0.09B | 0.1% | 1.23% |
| 2023 | $6.71M | $20.63M | −$13.92M | 0.09B | 0.2% | 0.14% |
| 2022 | $9.59M | $19.51M | −$9.92M | 0.09B | 0.5% | 0.17% |
| 2021 | $3.70M | $17.07M | −$13.36M | 0.09B | 4.2% | 0.08% |
| 2020 | $161.60M | $14.93M | $146.67M | 0.09B | 1.4% | 4.38% |
| 2019 | $8.88M | $21.19M | −$12.31M | 0.09B | 0.4% | 0.22% |
| 2018 | $0.00 | $15.76M | −$15.76M | 0.09B | 0.5% | — |
| 2017 | $0.00 | $12.26M | −$12.26M | 0.09B | 1.4% | — |
| 2016 | $0.00 | $5.75M | −$5.75M | 0.08B | 0.5% | — |
| 2015 | $0.00 | $3.21M | −$3.21M | 0.08B | -0.7% | — |
| 2014 | $0.00 | $11.76M | −$11.76M | 0.08B | 0.7% | — |
| 2013 | $5.39M | $12.45M | −$7.05M | 0.08B | 0.7% | 0.09% |
| 2012 | $10.35M | $985.00K | $9.36M | 0.08B | 0.1% | 0.24% |
| 2011 | $592.00K | $1.22M | −$632.00K | 0.08B | 1.2% | 0.01% |
| 2010 | $0.00 | $13.20K | −$13.20K | 0.08B | 2.5% | — |
| 2009 | $0.00 | $5.93M | −$5.93M | 0.08B | -4.6% | — |
| 2008 | $237.01M | $16.27M | $220.73M | 0.08B | -1.0% | 7.09% |
| 2007 | $48.07M | $13.69M | $34.38M | 0.09B | -0.8% | 1.22% |
| 2006 | $0.00 | $6.51M | −$6.51M | 0.09B | 1.5% | — |
| 2005 | $0.00 | $0.00 | $0.00 | 0.08B | 2.5% | — |
| 2004 | $0.00 | $0.00 | $0.00 | 0.08B | 2.0% | — |
| 2003 | $0.00 | $0.00 | $0.00 | 0.08B | 0.7% | — |
| 2002 | $80.97M | $0.00 | $80.97M | 0.08B | 0.8% | 5.08% |
| 2001 | $0.00 | $0.00 | $0.00 | 0.08B | 0.9% | — |
| 2000 | $0.00 | $0.00 | $0.00 | 0.08B | 1.4% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 0.08B | 0.9% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 0.08B | 0.6% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.08B | 1.8% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.08B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for National Fuel Gas (NFG) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for National Fuel Gas (NFG)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for National Fuel Gas (NFG)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $59.09M | -13.2% | -$8.95M | ||
| 2024 | $68.04M | +914.2% | +$61.33M | ||
| 2023 | $6.71M | -30.0% | -$2.88M | ||
| 2022 | $9.59M | +159.0% | +$5.89M | ||
| 2021 | $3.70M | -97.7% | -$157.90M | ||
| 2020 | $161.60M | +1720.5% | +$152.73M | ||
| 2019 | $8.88M | — | +$8.88M | ||
| 2018 | $0 | — | $0 | ||
| 2017 | $0 | — | $0 | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | -100.0% | -$5.39M | ||
| 2013 | $5.39M | -47.8% | -$4.95M | ||
| 2012 | $10.35M | +1647.5% | +$9.75M | ||
| 2011 | $592,000 | — | +$592,000 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | -100.0% | -$237.01M | ||
| 2008 | $237.01M | +393.0% | +$188.94M | ||
| 2007 | $48.07M | — | +$48.07M | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | -100.0% | -$80.97M | ||
| 2002 | $80.97M | — | +$80.97M | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | — |
National Fuel Gas (NFG) most recent annual buyback spend stands at $59.09M (2025) – declined 13.2% year-over-year.
National Fuel Gas buyback spend compound annual growth for the 2020–2025 (5 years) window is -18.2%, with a net decline across the window.
National Fuel Gas buyback spend plunged from $237.01M in 2008 to $59.09M in 2025, a 75.1% drawdown.
Across the available history, buyback spend reached its high of $237.01M in 2008 and its low of $0 in 1994.
National Fuel Gas (NFG) sits 6th of 8 Energy peers we track on this metric, against a peer median of $2.49B.
National Fuel Gas Buyback Spend 2025: $59.09M
National Fuel Gas buyback spend in 2025 was $59.09M, declined 13.2% below 2024.
National Fuel Gas Buyback Spend 2024: $68.04M
National Fuel Gas buyback spend in 2024 was $68.04M, surged 914.2% from 2023.
National Fuel Gas Buyback Spend 2023: $6.71M
National Fuel Gas buyback spend in 2023 was $6.71M, plunged 30.0% below 2022.
National Fuel Gas Buyback Spend 2022: $9.59M
National Fuel Gas buyback spend in 2022 was $9.59M, surged 159.0% from 2021.
National Fuel Gas Buyback Spend 2021: $3.70M
National Fuel Gas buyback spend in 2021 was $3.70M.
See more financial history for National Fuel Gas (NFG).
Sector peers by buyback spend
Companies in the same sector as National Fuel Gas, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $20.27B | Energy |
| Chevron (CVX) | $11.86B | Energy |
| ConocoPhillips (COP) | $5.02B | Energy |
| EOG Resources (EOG) | $2.56B | Energy |
| SLB (SLB) | $2.41B | Energy |
| Enbridge (ENB) | $0 | Energy |
| Williams Companies (WMB) | $0 | Energy |
| Kinder Morgan (KMI) | $0 | Energy |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.57×.
Capital allocation mix
How National Fuel Gas splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $112.53M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from National Fuel Gas's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does National Fuel Gas buy back its own stock?
Yes, National Fuel Gas (NFG) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does National Fuel Gas spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $11.01M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is National Fuel Gas's buyback yield?
TTM buyback yield is about 0.12% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is National Fuel Gas's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 0.12% combined (TTM-based where available).
Is National Fuel Gas diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has National Fuel Gas's share count changed?
Diluted weighted average shares changed by about 3.7% over roughly five fiscal years (annual income statement data).
What is National Fuel Gas's buyback spend?
Latest reported buyback spend for National Fuel Gas (NFG) is $11.01M (period ending March 31, 2026).
How has National Fuel Gas buyback spend changed year-over-year?
National Fuel Gas (NFG) buyback spend changed -13.2% year-over-year on the latest annual filing.
What is the long-term growth rate of National Fuel Gas buyback spend?
National Fuel Gas (NFG) buyback spend compound annual growth rate is -18.2% over the most recent 5 years available.
When did National Fuel Gas buyback spend hit its highest annual value?
National Fuel Gas buyback spend reached its highest annual value of $237.01M in 2008.
What was National Fuel Gas buyback spend in 2024?
National Fuel Gas (NFG) buyback spend in 2024 was $68.04M.
What was National Fuel Gas buyback spend in 2025?
National Fuel Gas (NFG) buyback spend in 2025 was $59.09M.
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