National Fuel Gas Company (NFG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
6363 MAIN STREET WILLIAMSVILLE, NY 14221-5887 |
| State of Incorp. | NJ |
| Fiscal Year End | September 30 |
| Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 MRQ | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 49 | 38 | 55 | 46 | 32 | 21 | |||
| Cash and cash equivalent | 49 | 38 | 55 | 46 | 32 | 21 | |||
| Receivables | 29 | (11) | (20) | (10) | (15) | (6) | |||
| Inventory, net of allowances, customer advances and progress billings | 25 | 35 | 33 | 32 | 34 | 33 | |||
| Inventory | 25 | 35 | 33 | 32 | 34 | 33 | |||
| Prepaid expense | 32 | 29 | 27 | ||||||
| Regulatory asset | 21 | 29 | 17 | ||||||
| Other current assets | 83 | 92 | 100 | 59 | 60 | 48 | |||
| Other undisclosed current assets | 279 | 201 | 246 | 580 | 354 | 175 | |||
| Total current assets: | 465 | 356 | 414 | 761 | 522 | 314 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 44 | 40 | 37 | 24 | |||||
| Property, plant and equipment | 7,282 | 7,339 | 7,300 | 6,566 | 6,384 | 5,998 | |||
| Intangible assets, net (including goodwill) | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Goodwill | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Derivative instruments and hedges | 21 | 88 | 50 | 9 | 9 | ||||
| Regulated entity, other noncurrent assets | 112 | 6 | 7 | 76 | 71 | 168 | |||
| Deferred costs | 69 | 70 | 82 | 77 | 60 | 67 | |||
| Other noncurrent assets | 8 | 6 | 5 | 3 | 1 | 0 | |||
| Other undisclosed noncurrent assets | 340 | 406 | 376 | 361 | 397 | 402 | |||
| Total noncurrent assets: | 7,837 | 7,964 | 7,866 | 7,135 | 6,942 | 6,651 | |||
| TOTAL ASSETS: | 8,301 | 8,320 | 8,280 | 7,896 | 7,465 | 6,965 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 293 | 328 | 313 | 480 | 407 | 315 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 43 | 41 | 40 | ||
| Accounts payable | 121 | 165 | 152 | 179 | 172 | 134 | |||
| Accrued liabilities | 172 | 163 | 161 | 257 | 194 | 140 | |||
| Debt | 700 | 591 | 288 | 609 | 159 | 30 | |||
| Derivative instruments and hedges, liabilities | 21 | 5 | 31 | 786 | 616 | 44 | |||
| Regulatory liability | 72 | 97 | 32 | ||||||
| Other undisclosed current liabilities | 185 | 100 | 78 | 36 | 54 | 71 | |||
| Total current liabilities: | 1,199 | 1,096 | 806 | 1,943 | 1,236 | 460 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,560 | 1,438 | 1,414 | 1,168 | 1,214 | 1,177 | |||
| Asset retirement obligations | 199 | 203 | 165 | 162 | 210 | 192 | |||
| Deferred income tax liabilities | 1,089 | 1,111 | 1,124 | 698 | 660 | 696 | |||
| Liability, pension and other postretirement and postemployment benefits | 3 | 4 | 3 | 3 | 8 | 127 | |||
| Regulatory liability | 148 | 189 | 201 | 162 | |||||
| Other liabilities | 120 | 120 | 122 | 117 | 136 | ||||
| Other undisclosed noncurrent liabilities | 600 | 750 | 712 | 622 | 600 | 727 | |||
| Total noncurrent liabilities: | 2,160 | 2,187 | 2,126 | 1,790 | 1,814 | 1,904 | |||
| Other undisclosed liabilities | 2,189 | 2,188 | 2,384 | 2,083 | 2,629 | 2,630 | |||
| Total liabilities: | 5,549 | 5,471 | 5,317 | 5,816 | 5,679 | 4,993 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (76) | (15) | 2,963 | 2,080 | 1,786 | 1,972 | |||
| Common stock | 91 | 91 | 92 | 91 | 91 | 91 | |||
| Additional paid in capital | 1,040 | 1,045 | 1,041 | 1,027 | 1,017 | 1,004 | |||
| Accumulated other comprehensive loss | (76) | (15) | (55) | (626) | (514) | (115) | |||
| Retained earnings | 1,699 | 1,727 | 1,886 | 1,587 | 1,191 | 992 | |||
| Other undisclosed equity, attributable to parent | (2,829) | (2,864) | |||||||
| Other undisclosed equity | 2,829 | 2,864 | |||||||
| Total equity: | 2,753 | 2,848 | 2,963 | 2,080 | 1,786 | 1,972 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,301 | 8,320 | 8,280 | 7,896 | 7,465 | 6,965 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,969 | 1,945 | 2,174 | 2,186 | 1,743 | 1,546 | ||
| Cost of revenue | (1,096) | (1,085) | (1,284) | (1,296) | (1,110) | (1,407) | ||
| Cost of product and service sold | (159) | (150) | (438) | (392) | (172) | (234) | ||
| Gross profit: | 873 | 859 | 889 | 890 | 633 | 139 | ||
| Operating expenses | (784) | (650) | (134) | (88) | (44) | (109) | ||
| Other undisclosed operating income | 13 | 51 | ||||||
| Operating income: | 89 | 210 | 755 | 815 | 640 | 30 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 20 | 16 | 18 | (2) | (15) | (18) | ||
| Interest and debt expense | (134) | (123) | (132) | (130) | (16) | (117) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (25) | 103 | 641 | 683 | 609 | (105) | ||
| Other undisclosed loss from continuing operations before income taxes | (7) | (16) | (131) | |||||
| Income (loss) from continuing operations before income taxes: | (33) | 87 | 641 | 683 | 478 | (105) | ||
| Income tax expense (benefit) | 22 | (10) | (165) | (117) | (115) | (19) | ||
| Income (loss) from continuing operations: | (11) | 78 | 477 | 566 | 364 | (124) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 566 | 364 | (124) | |
| Net income (loss) available to common stockholders, diluted: | (11) | 78 | 477 | 566 | 364 | (124) | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (11) | 78 | 477 | 566 | 364 | (124) | ||
| Other comprehensive income (loss) | (144) | 40 | 571 | (112) | (399) | (63) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (154) | 117 | 1,048 | 454 | (35) | (186) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.