National Fuel Gas Company (NFG) Financial Statements (2024 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 thousands)Annual | Quarterly
| 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | 9/30/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 41,685 | 55,447 | 53,415 | 71,533 | 244,475 | 46,048 | |||
| Cash and cash equivalents | 41,685 | 55,447 | 53,415 | 71,533 | 244,475 | 46,048 | |||
| Receivables | 11,149 | (19,673) | (29,632) | 11,872 | 43,185 | (10,153) | |||
| Inventory, net of allowances, customer advances and progress billings | 26,891 | 32,509 | 13,047 | 6,554 | 23,780 | 32,364 | |||
| Inventory | 26,891 | 32,509 | 13,047 | 6,554 | 23,780 | 32,364 | |||
| Prepaid expense | 35,480 | 38,039 | 34,392 | 32,078 | |||||
| Regulatory asset | 30,302 | 32,062 | 21,117 | 21,358 | |||||
| Other current assets | 99,400 | 100,260 | 71,586 | 75,233 | 61,117 | 59,369 | |||
| Other undisclosed current assets | 274,477 | 245,885 | 233,089 | 308,065 | 444,764 | 580,067 | |||
| Total current assets: | 453,602 | 414,428 | 407,287 | 543,358 | 872,830 | 761,131 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 39,664 | 37,120 | |||||||
| Property, plant and equipment | 7,421,931 | 7,299,862 | 7,080,913 | 6,815,731 | 6,698,844 | 6,566,477 | |||
| Intangible assets, net (including goodwill) | 5,476 | 5,476 | 5,476 | 5,476 | 5,476 | 5,476 | |||
| Goodwill | 5,476 | 5,476 | 5,476 | 5,476 | 5,476 | 5,476 | |||
| Derivative instruments and hedges | 184,739 | 50,487 | 46,280 | 42,424 | 12,170 | 9,175 | |||
| Regulated entity, other noncurrent assets | 78,917 | 7,240 | 71,049 | 69,559 | 81,794 | 75,985 | |||
| Deferred costs | 80,347 | 82,416 | 77,886 | 85,053 | 75,253 | 77,472 | |||
| Other noncurrent assets | 4,549 | 4,891 | 3,745 | 1,896 | 1,581 | 2,677 | |||
| Other undisclosed noncurrent assets | 357,931 | 375,796 | 413,996 | 403,745 | 386,966 | 360,749 | |||
| Total noncurrent assets: | 8,133,890 | 7,865,832 | 7,699,345 | 7,423,884 | 7,262,084 | 7,135,131 | |||
| TOTAL ASSETS: | 8,587,492 | 8,280,260 | 8,106,632 | 7,967,242 | 8,134,914 | 7,896,262 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 305,399 | 313,167 | 352,705 | 377,420 | 407,484 | 479,724 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 43,452 | ||
| Accounts payable | 105,390 | 152,193 | 91,808 | 119,497 | 168,387 | 178,945 | |||
| Accrued liabilities | 200,009 | 160,974 | 260,897 | 257,923 | 239,097 | 257,327 | |||
| Debt | 300,000 | 287,500 | 138,500 | 410,000 | 649,000 | 609,000 | |||
| Derivative instruments and hedges, liabilities | 31,009 | 32,502 | 34,763 | 331,521 | 785,659 | ||||
| Regulatory liability | 97,124 | 38,499 | 39,662 | 32,357 | 31,712 | ||||
| Other undisclosed current liabilities | 201,846 | 77,512 | 103,494 | 55,455 | 114,680 | 36,474 | |||
| Total current liabilities: | 807,245 | 806,312 | 665,700 | 917,300 | 1,535,042 | 1,942,569 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,618,197 | 1,414,390 | 1,501,539 | 1,466,081 | 1,354,670 | 1,168,343 | |||
| Asset retirement obligations | 164,777 | 165,492 | 160,415 | 160,910 | 161,221 | 161,545 | |||
| Deferred income tax liabilities | 1,164,512 | 1,124,170 | 1,030,526 | 1,000,526 | 879,676 | 698,229 | |||
| Liability, pension and other postretirement and postemployment benefits | 2,859 | 2,915 | 2,921 | 2,977 | 2,998 | 3,065 | |||
| Regulatory liability | 165,988 | 190,907 | 189,378 | 191,499 | 188,803 | ||||
| Other liabilities | 120,061 | 121,813 | 116,770 | 112,290 | 119,276 | 116,701 | |||
| Other undisclosed noncurrent liabilities | 602,525 | 711,697 | 619,806 | 619,900 | 623,983 | 622,045 | |||
| Total noncurrent liabilities: | 2,220,722 | 2,126,087 | 2,121,345 | 2,085,981 | 1,978,653 | 1,790,388 | |||
| Other undisclosed liabilities | 2,385,523 | 2,384,485 | 2,383,685 | 2,085,235 | 2,084,363 | 2,083,409 | |||
| Total liabilities: | 5,413,490 | 5,316,884 | 5,170,730 | 5,088,516 | 5,598,058 | 5,816,366 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 67,381 | 2,963,376 | 2,935,902 | 2,878,726 | 2,536,856 | 2,079,896 | |||
| Common stock | 92,116 | 91,819 | 91,804 | 91,795 | 91,787 | 91,478 | |||
| Additional paid in capital | 1,041,226 | 1,040,761 | 1,035,852 | 1,031,341 | 1,025,639 | 1,027,066 | |||
| Accumulated other comprehensive income (loss) | 67,381 | (55,060) | (49,384) | (54,864) | (293,746) | (625,733) | |||
| Retained earnings | 1,973,279 | 1,885,856 | 1,857,630 | 1,810,454 | 1,713,176 | 1,587,085 | |||
| Other undisclosed equity, attributable to parent | (3,106,621) | ||||||||
| Other undisclosed equity | 3,106,621 | ||||||||
| Total equity: | 3,174,002 | 2,963,376 | 2,935,902 | 2,878,726 | 2,536,856 | 2,079,896 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,587,492 | 8,280,260 | 8,106,632 | 7,967,242 | 8,134,914 | 7,896,262 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | 9/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 525,361 | 368,947 | 428,704 | 717,261 | 658,859 | 435,146 | ||
| Cost of revenue | (291,678) | (194,649) | (254,181) | (470,517) | (373,249) | (234,262) | ||
| Cost of goods and services sold | (56,552) | 12,866 | (35,425) | (243,839) | (171,197) | (22,925) | ||
| Gross profit: | 233,683 | 174,298 | 174,523 | 246,744 | 285,610 | 200,884 | ||
| Operating expenses | (26,573) | (48,995) | (20,427) | (25,367) | (31,240) | (23,089) | ||
| Operating income: | 207,110 | 125,303 | 154,096 | 221,377 | 254,370 | 177,795 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 3,732 | 5,384 | 3,551 | 2,884 | 6,318 | (4,800) | ||
| Interest and debt expense | (34,735) | (32,902) | (32,092) | (33,444) | (33,447) | (33,496) | ||
| Income from continuing operations before income taxes: | 176,107 | 97,785 | 125,555 | 190,817 | 227,241 | 139,499 | ||
| Income tax expense (benefit) | (43,087) | (24,108) | (32,935) | (49,937) | (57,552) | 18,643 | ||
| Income from continuing operations: | 133,020 | 73,677 | 92,620 | 140,880 | 169,689 | 158,142 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 158,142 | |
| Net income available to common stockholders, diluted: | 133,020 | 73,677 | 92,620 | 140,880 | 169,689 | 158,142 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | 9/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 133,020 | 73,677 | 92,620 | 140,880 | 169,689 | 158,142 | ||
| Other comprehensive income (loss) | 122,441 | (5,676) | 5,480 | 238,882 | 331,987 | (42,865) | ||
| Comprehensive income, net of tax, attributable to parent: | 255,461 | 68,001 | 98,100 | 379,762 | 501,676 | 115,277 | ||
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.