How National Fuel Gas (NFG) Makes Money: A Visual Guide
National Fuel Gas (NFG) generated $2.50B in revenue, earning $686.47M in net profit (27.5% margin). Its largest revenue source is Utility (39.1% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
In TTM through Q1 2026, National Fuel Gas (NFG) generated revenue across 5 reportable product segments; the largest contributor was Utility at 36.7%, followed by All Other (35.5%) and Exploration And Production (13.2%).
National Fuel Gas (NFG) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending (reported ).
National Fuel Gas (NFG) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for National Fuel Gas (NFG) in TTM through Q1 2026.
Utility
- Revenue
- $918.01M
- % of total
- 36.7%
All Other
- Revenue
- $887.69M
- % of total
- 35.5%
Exploration And Production
- Revenue
- $329.32M
- % of total
- 13.2%
Pipeline And Storage
- Revenue
- $283.50M
- % of total
- 11.3%
Gathering
- Revenue
- $79.60M
- % of total
- 3.2%
Total
- Revenue
- $2.50B
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| Utility | $918.01M | 36.7% |
| All Other | $887.69M | 35.5% |
| Exploration And Production | $329.32M | 13.2% |
| Pipeline And Storage | $283.50M | 11.3% |
| Gathering | $79.60M | 3.2% |
| Total | $2.50B | 100% |
Frequently asked questions
How does National Fuel Gas (NFG) make money?
National Fuel Gas (NFG) primarily makes money through Utility, which accounts for 39.1% of total revenue. For TTM through Q1 2026, National Fuel Gas generated $2.50B in total revenue with a net profit margin of 27.5%.
What is National Fuel Gas (NFG) gross profit margin?
National Fuel Gas (NFG) reported a gross profit margin of 50% for TTM through Q1 2026, equivalent to $1.25B in gross profit. This means National Fuel Gas retains 50% of each revenue unit after direct costs of production.
What is National Fuel Gas (NFG) operating profit margin?
National Fuel Gas (NFG) reported an operating profit margin of 41.4% for TTM through Q1 2026, equivalent to $1.03B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is National Fuel Gas (NFG) net profit margin?
National Fuel Gas (NFG) reported a net profit margin of 27.5% for TTM through Q1 2026, equivalent to $686.47M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does National Fuel Gas (NFG) spend on capital expenditures?
National Fuel Gas (NFG) spent $976.83M on capital expenditures in TTM through Q1 2026 (39.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is National Fuel Gas (NFG) free cash flow?
National Fuel Gas (NFG) generated $306.61M in free cash flow for TTM through Q1 2026 (12.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is National Fuel Gas (NFG) effective tax rate?
National Fuel Gas (NFG) had an effective tax rate of 25.5% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.
What are National Fuel Gas (NFG) main revenue segments?
National Fuel Gas (NFG) reports revenue across 5 reportable product segments, led by Utility at 36.7% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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