TTM
$1.03B
YoY change
+287.9%
5Y CAGR
+93.7%
Peak year (FY1993)
$1.02B
Cumulative operating income
$19.3B
Operating Income history chart for National Fuel Gas (NFG) from 2016 to 2025
Latest: $813M
Operating Income growth chart for National Fuel Gas (NFG) from 2016 to 2025
Latest: +287.9%
Operating Income history table for National Fuel Gas (NFG) from 1985 to 2025
| FY2025 | $813M | +287.9% | +$604M | ||
| FY2024 | $210M | -72.2% | -$545M | ||
| FY2023 | $755M | -7.3% | -$59.4M | ||
| FY2022 | $815M | +27.3% | +$175M | ||
| FY2021 | $640M | +2043.2% | +$610M | ||
| FY2020 | $29.9M | -94.2% | -$482M | ||
| FY2019 | $512M | -1.5% | -$7.91M | ||
| FY2018 | $520M | -12.5% | -$74.1M | ||
| FY2017 | $594M | -242.6% | +$1.01B | ||
| FY2016 | -$417M | -31.8% | +$195M | ||
| FY2015 | -$611M | -207.3% | -$1.18B | ||
| FY2014 | $570M | +10.0% | +$51.8M | ||
| FY2013 | $518M | +15.6% | +$69.8M | ||
| FY2012 | $448M | +1.6% | +$6.89M | ||
| FY2011 | $441M | +0.2% | +$711K | ||
| FY2010 | $440M | +93.5% | +$213M | ||
| FY2009 | $228M | -53.2% | -$259M | ||
| FY2008 | $486M | +22.6% | +$89.6M | ||
| FY2007 | $396M | +11.5% | +$40.9M | ||
| FY2006 | $356M | +25.2% | +$71.6M | ||
| FY2005 | $284M | -14.7% | -$49.1M | ||
| FY2004 | $333M | -17.3% | -$69.5M | ||
| FY2003 | $403M | +39.4% | +$114M | ||
| FY2002 | $289M | +45.4% | +$90.2M | ||
| FY2001 | $199M | -33.3% | -$99.1M | ||
| FY2000 | $298M | +15.9% | +$40.8M | ||
| FY1999 | $257M | +137.8% | +$149M | ||
| FY1998 | $108M | -54.4% | -$129M | ||
| FY1997 | $237M | +5.9% | +$13.3M | ||
| FY1996 | $224M | +32.9% | +$55.4M | ||
| FY1995 | $168M | -3.1% | -$5.3M | ||
| FY1994 | $174M | -83.0% | -$847M | ||
| FY1993 | $1.02B | +10.9% | +$101M | ||
| FY1992 | $920M | +6.3% | +$54.7M | ||
| FY1991 | $865M | -3.0% | -$26.9M | ||
| FY1990 | $892M | +4.2% | +$36.2M | ||
| FY1989 | $856M | +11.3% | +$86.9M | ||
| FY1988 | $769M | +4.3% | +$31.7M | ||
| FY1987 | $737M | -18.6% | -$169M | ||
| FY1986 | $906M | -6.7% | -$64.8M | ||
| FY1985 | $971M | — | — |
- FY2025$813M+287.9%
- FY2024$210M-72.2%
- FY2023$755M-7.3%
- FY2022$815M+27.3%
- FY2021$640M+2043.2%
- FY2020$29.9M-94.2%
- FY2019$512M-1.5%
- FY2018$520M-12.5%
- FY2017$594M-242.6%
- FY2016-$417M-31.8%
- FY2015-$611M-207.3%
- FY2014$570M+10.0%
- FY2013$518M+15.6%
- FY2012$448M+1.6%
- FY2011$441M+0.2%
- FY2010$440M+93.5%
- FY2009$228M-53.2%
- FY2008$486M+22.6%
- FY2007$396M+11.5%
- FY2006$356M+25.2%
- FY2005$284M-14.7%
- FY2004$333M-17.3%
- FY2003$403M+39.4%
- FY2002$289M+45.4%
- FY2001$199M-33.3%
- FY2000$298M+15.9%
- FY1999$257M+137.8%
- FY1998$108M-54.4%
- FY1997$237M+5.9%
- FY1996$224M+32.9%
- FY1995$168M-3.1%
- FY1994$174M-83.0%
- FY1993$1.02B+10.9%
- FY1992$920M+6.3%
- FY1991$865M-3.0%
- FY1990$892M+4.2%
- FY1989$856M+11.3%
- FY1988$769M+4.3%
- FY1987$737M-18.6%
- FY1986$906M-6.7%
- FY1985$971M—
Operating Income values are taken from National Fuel Gas's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at National Fuel Gas (NFG)
According to National Fuel Gas's latest reported financial statements, the company's current operating income (TTM) is $1.03B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of National Fuel Gas (NFG) operating income is $813M – surged 287.9% year-over-year.
Through 2020–2025 (5 years), National Fuel Gas operating income delivered a +93.7% annualised rate; with mixed annual results across the window.
National Fuel Gas operating income peaked at $1.02B in 1993; the latest annual figure is $813M in 2025 (20.3% below peak).
The highest annual operating income of $1.02B was reported in 1993. The lowest in the available history was -$611M in 2015.
National Fuel Gas Operating Income by Year
National Fuel Gas Operating Income 2025: $813M
2025's operating income for National Fuel Gas came in at $813M, surged 287.9% from 2024.
National Fuel Gas Operating Income 2024: $210M
National Fuel Gas posted operating income of $210M in 2024, plunged 72.2% below 2023.
National Fuel Gas Operating Income 2023: $755M
In 2023, National Fuel Gas reported operating income of $755M, declined 7.3% below 2022.
National Fuel Gas Operating Income 2022: $815M
National Fuel Gas operating income in 2022 was $815M, grew 27.3% from 2021.
National Fuel Gas Operating Income 2021: $640M
National Fuel Gas operating income in 2021 was $640M.
See more financial history for National Fuel Gas (NFG).
Sector peers by Operating Income
Energy peers of National Fuel Gas (NFG), ranked by their latest operating income
| $16.7B | |
| $11.5B | |
| $7.93B | |
| $7.86B | |
| $5.77B | |
| $4.4B | |
| $4.31B | |
| $3.52B |
- $16.7B
- $11.5B
- $7.93B
- $7.86B
- $5.77B
- $4.31B
- $3.52B
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- Buybacks0.12% TTM
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