Shares Outstanding for National Fuel Gas (NFG)
According to National Fuel Gas's latest reported financial statements, the company's latest reported diluted shares outstanding is 91.96M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
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
91.96M
YoY change
-1.2%
5Y CAGR
+0.7%
Peak year (2024)
92.34M
Latest annual
91.23M
Shares Outstanding history chart for National Fuel Gas (NFG) from 1985 to 2025
Shares Outstanding history table for National Fuel Gas (NFG) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 91.23M | -1.2% | ||
| 2024 | 92.34M | +0.1% | ||
| 2023 | 92.29M | +0.2% | ||
| 2022 | 92.11M | +0.5% | ||
| 2021 | 91.68M | +4.2% | ||
| 2020 | 87.97M | +1.4% | ||
| 2019 | 86.77M | +0.4% | ||
| 2018 | 86.44M | +0.5% | ||
| 2017 | 86.02M | +1.4% | ||
| 2016 | 84.85M | +0.5% | ||
| 2015 | 84.39M | -0.7% | ||
| 2014 | 84.95M | +0.7% | ||
| 2013 | 84.34M | +0.7% | ||
| 2012 | 83.74M | +0.1% | ||
| 2011 | 83.67M | +1.2% | ||
| 2010 | 82.66M | +2.5% | ||
| 2009 | 80.63M | -4.6% | ||
| 2008 | 84.47M | -1.0% | ||
| 2007 | 85.30M | -0.8% | ||
| 2006 | 86.03M | +1.5% | ||
| 2005 | 84.77M | +2.5% | ||
| 2004 | 82.72M | +2.0% | ||
| 2003 | 81.10M | +0.7% | ||
| 2002 | 80.53M | +0.8% | ||
| 2001 | 79.88M | +0.9% | ||
| 2000 | 79.17M | +1.4% | ||
| 1999 | 78.08M | +0.9% | ||
| 1998 | 77.41M | +0.6% | ||
| 1997 | 76.98M | +1.8% | ||
| 1996 | 75.60M | +1.1% | ||
| 1995 | 74.78M | -0.4% | ||
| 1994 | 75.07M | +7.3% | ||
| 1993 | 69.95M | +12.5% | ||
| 1992 | 62.16M | +3.4% | ||
| 1991 | 60.12M | +5.8% | ||
| 1990 | 56.83M | +4.7% | ||
| 1989 | 54.30M | +5.2% | ||
| 1988 | 51.64M | +7.2% | ||
| 1987 | 48.19M | +1.1% | ||
| 1986 | 47.66M | +1.3% | ||
| 1985 | 47.05M | — |
Shares Outstanding values are taken from National Fuel Gas's reported income statements (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
The 2025 reading of National Fuel Gas (NFG) diluted shares outstanding is 91.23M – edged down 1.2% year-over-year.
Through 2020–2025 (5 years), National Fuel Gas diluted shares outstanding delivered a +0.7% annualised rate; with the latest reading among the more recent periods of the dataset.
National Fuel Gas diluted shares outstanding edged down from 92.34M in 2024 to 91.23M in 2025, a 1.2% drawdown.
The dataset's maximum diluted shares outstanding sits at 92.34M (2024); the minimum reading of 47.05M dates to 1985.
Among 8 Energy peers, National Fuel Gas (NFG) ranks 9th; the peer median for diluted shares outstanding is 1.37B.
National Fuel Gas Shares Outstanding by Year
National Fuel Gas Shares Outstanding 2025: 91.23M
National Fuel Gas diluted shares outstanding in 2025 was 91.23M, edged down 1.2% below 2024.
National Fuel Gas Shares Outstanding 2024: 92.34M
National Fuel Gas diluted shares outstanding in 2024 was 92.34M, edged up 0.1% from 2023. This figure represents the highest annual value in the available history.
National Fuel Gas Shares Outstanding 2023: 92.29M
National Fuel Gas diluted shares outstanding in 2023 was 92.29M, edged up 0.2% from 2022.
National Fuel Gas Shares Outstanding 2022: 92.11M
National Fuel Gas diluted shares outstanding in 2022 was 92.11M, edged up 0.5% from 2021.
National Fuel Gas Shares Outstanding 2021: 91.68M
National Fuel Gas diluted shares outstanding in 2021 was 91.68M.
See more financial history for National Fuel Gas (NFG).
Sector peers — Shares Outstanding
Companies in the same sector as National Fuel Gas, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | 4.30B | Energy |
| Enbridge Inc. (ENB) | 2.19B | Energy |
| Chevron Corporation (CVX) | 1.86B | Energy |
| SLB N.V. (SLB) | 1.49B | Energy |
| ConocoPhillips (COP) | 1.25B | Energy |
| The Williams Companies, Inc. (WMB) | 1.22B | Energy |
| EOG Resources, Inc. (EOG) | 539.23M | Energy |
| Valero Energy Corporation (VLO) | 309.00M | Energy |
Frequently asked questions
What is National Fuel Gas's diluted shares outstanding?
- Latest reported diluted shares outstanding for National Fuel Gas (NFG) is 91.96M (period ending December 31, 2025).
How has National Fuel Gas diluted shares outstanding changed year-over-year?
- National Fuel Gas (NFG) diluted shares outstanding changed -1.2% year-over-year on the latest annual filing.
What is the long-term growth rate of National Fuel Gas diluted shares outstanding?
- National Fuel Gas (NFG) diluted shares outstanding compound annual growth rate is +0.7% over the most recent 5 years available.
When did National Fuel Gas diluted shares outstanding hit its highest annual value?
- National Fuel Gas diluted shares outstanding reached its highest annual value of 92.34M in 2024.
What was National Fuel Gas diluted shares outstanding in 2024?
- National Fuel Gas (NFG) diluted shares outstanding in 2024 was 92.34M.
What was National Fuel Gas diluted shares outstanding in 2025?
- National Fuel Gas (NFG) diluted shares outstanding in 2025 was 91.23M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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