Net Assets for National Fuel Gas (NFG)
According to National Fuel Gas's latest reported financial statements, the company's latest reported net assets is $3.59B USD. Net assets — also called stockholders' equity — equal total assets minus total liabilities. They represent the residual claim of shareholders on the company's assets and roughly track book value over time.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
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Latest period
$3.59B
YoY change
+8.6%
5Y CAGR
+9.4%
Peak year (2025)
$3.09B
Latest annual
$3.09B
Net Assets history chart for National Fuel Gas (NFG) from 1994 to 2025
Net Assets history table for National Fuel Gas (NFG) from 1994 to 2025
| Fiscal year | Period ended | Reported | Net Assets | YoY |
|---|---|---|---|---|
| 2025 | $3.09B | +8.6% | ||
| 2024 | $2.85B | -3.9% | ||
| 2023 | $2.96B | +42.5% | ||
| 2022 | $2.08B | +16.4% | ||
| 2021 | $1.79B | -9.4% | ||
| 2020 | $1.97B | -7.8% | ||
| 2019 | $2.14B | +10.4% | ||
| 2018 | $1.94B | +13.7% | ||
| 2017 | $1.70B | +11.6% | ||
| 2016 | $1.53B | -24.6% | ||
| 2015 | $2.03B | -16.0% | ||
| 2014 | $2.41B | +9.8% | ||
| 2013 | $2.19B | +12.0% | ||
| 2012 | $1.96B | +3.6% | ||
| 2011 | $1.89B | +8.4% | ||
| 2010 | $1.75B | +9.9% | ||
| 2009 | $1.59B | -0.9% | ||
| 2008 | $1.60B | -1.6% | ||
| 2007 | $1.63B | +12.9% | ||
| 2006 | $1.44B | +17.4% | ||
| 2005 | $1.23B | -1.9% | ||
| 2004 | $1.25B | +10.2% | ||
| 2003 | $1.14B | +13.0% | ||
| 2002 | $1.01B | +0.4% | ||
| 2001 | $1.00B | +1.5% | ||
| 2000 | $987.44M | +5.1% | ||
| 1999 | $939.29M | +5.5% | ||
| 1998 | $890.10M | -2.6% | ||
| 1997 | $913.70M | +6.7% | ||
| 1996 | $856.00M | +6.9% | ||
| 1995 | $800.60M | +2.6% | ||
| 1994 | $780.30M | — |
Net Assets values are taken from National Fuel Gas's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
National Fuel Gas (NFG) most recent annual net assets stands at $3.09B (2025) – grew 8.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, National Fuel Gas net assets compounded at +9.4% per year, with the latest reading among the more recent periods of the dataset.
The highest annual net assets of $3.09B was reported in 2025. The lowest in the available history was $780.30M in 1994.
Among 8 Energy peers, National Fuel Gas (NFG) ranks 9th; the peer median for net assets is $46.08B.
National Fuel Gas Net Assets by Year
National Fuel Gas Net Assets 2025: $3.09B
National Fuel Gas net assets in 2025 was $3.09B, grew 8.6% from 2024. This figure represents the highest annual value in the available history.
National Fuel Gas Net Assets 2024: $2.85B
National Fuel Gas net assets in 2024 was $2.85B, edged down 3.9% below 2023.
National Fuel Gas Net Assets 2023: $2.96B
National Fuel Gas net assets in 2023 was $2.96B, surged 42.5% from 2022.
National Fuel Gas Net Assets 2022: $2.08B
National Fuel Gas net assets in 2022 was $2.08B, grew 16.4% from 2021.
National Fuel Gas Net Assets 2021: $1.79B
National Fuel Gas net assets in 2021 was $1.79B.
See more financial history for National Fuel Gas (NFG).
Sector peers — Net Assets
Companies in the same sector as National Fuel Gas, ranked by their latest net assets.
| Company | Net Assets | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $259.39B | Energy |
| Chevron Corporation (CVX) | $186.45B | Energy |
| ConocoPhillips (COP) | $64.49B | Energy |
| Enbridge Inc. (ENB) | $62.33B | Energy |
| EOG Resources, Inc. (EOG) | $29.83B | Energy |
| SLB N.V. (SLB) | $26.11B | Energy |
| Valero Energy Corporation (VLO) | $23.73B | Energy |
| The Williams Companies, Inc. (WMB) | $12.81B | Energy |
Frequently asked questions
What is National Fuel Gas's net assets?
- Latest reported net assets for National Fuel Gas (NFG) is $3.59B (period ending December 31, 2025).
How has National Fuel Gas net assets changed year-over-year?
- National Fuel Gas (NFG) net assets changed +8.6% year-over-year on the latest annual filing.
What is the long-term growth rate of National Fuel Gas net assets?
- National Fuel Gas (NFG) net assets compound annual growth rate is +9.4% over the most recent 5 years available.
When did National Fuel Gas net assets hit its highest annual value?
- National Fuel Gas net assets reached its highest annual value of $3.09B in 2025.
What was National Fuel Gas net assets in 2024?
- National Fuel Gas (NFG) net assets in 2024 was $2.85B.
What was National Fuel Gas net assets in 2025?
- National Fuel Gas (NFG) net assets in 2025 was $3.09B.
Metrics overview
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