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National Fuel Gas (NFG) Cash Flow Waterfall

Trace National Fuel Gas's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$1.28B

Capex

−$976.83M

Free Cash Flow

$306.61M

FCF Margin

+23.9%

Cash flow waterfall for National Fuel Gas (NFG) — TTM through Q1 2026

Free cash flow: $306.61M

Cash flow breakdown for National Fuel Gas (NFG) — TTM through Q1 2026

  • Operating Cash Flow$1.28B
  • Capital Expenditure−$976.83M
  • Free Cash Flow$306.61M
  • Other Investing$12.76M
  • Dividends Paid−$194.08M
  • Net Debt Change−$517.39M
  • Other Financing & FX$327.39M
  • Net Cash Decrease−$64.71M
Want to see what drove the FCF change?Free Cash Flow Bridge

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