National Fuel Gas (NFG)
NYSEUtilitiesOil & Gas IntegratedSnapshot 2026-11-04
$76.54-2.66%
Close 2026-11-04 · 1-day change
NYSEUtilitiesOil & Gas IntegratedSnapshot 2026-11-04
QuarterlyIQ Insights · NFG
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within utilities on a research-validated quality screen. As of 2026-11-04.
The screen ranks NFG against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated neutral grew net income 67% of the time over the next year (vs 62% for the rest of the cohort, n=1475).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Corporate HQ: Buffalo, NY ~2,600 employees NYSE: NFG Market Cap: ~$7.6B(1) 124 Years of consecutive dividend payments 56 Years of consecutive dividend increases Achieved FY 2026 9% adjusted EPS growt…
Stated in 1 of 4 supplied quarters. Management reported: “Corporate HQ: Buffalo, NY ~2,600 employees NYSE: NFG Market Cap: ~$7.6B(1) 124 Years of consecutive dividend payments 56 Years of consecutive dividend increases Achieved FY 2026 9% adjusted EPS growth vs. FY 2025(2) Investment Grade credit rating 25% reduction in methane emissions since 2020 Note: This presentation includes forward-looking statements.” “Please review the safe harbor for forward looking statements at the end of this presentation.”
“Corporate HQ: Buffalo, NY ~2,600 employees NYSE: NFG Market Cap: ~$7.6B(1) 124 Years of consecutive dividend payments 56 Years of consecutive dividend increases Achieved FY 2026 9% adjusted EPS growt…”
"With this strong backdrop, National Fuel is expected to deliver approximately 7% to 10% average annual EPS growth through 2029.
Stated in 3 of 4 supplied quarters. Management reported: “"With this strong backdrop, National Fuel is expected to deliver approximately 7% to 10% average annual EPS growth through 2029.” “• The Company is reaffirming its fiscal 2026 adjusted EPS guidance range of $7.60 to $8.10 per share.”
“"With this strong backdrop, National Fuel is expected to deliver approximately 7% to 10% average annual EPS growth through 2029.”
FY26 Results 9% year-over-year adjusted earnings per share growth(1) ~$200 million of free cash flow generated(2) 56th consecutive annual dividend increase Recent Strategic Highlights Completed acqui…
Stated in 2 of 4 supplied quarters. Management reported: “In addition to significant per-share earnings growth driven by strong outlooks in each segment, the Company anticipates leveraging its best-in-class capital efficiency trend to generate between $1.0 and $1.5 billion of free cash flow over the next three years.”
FY26 Results 9% year-over-year adjusted earnings per share growth(1) ~$200 million of free cash flow generated(2) 56th consecutive annual dividend increase Recent Strategic Highlights Completed acqui…
Stated in 2 of 4 supplied quarters. Management reported: “• The Company maintained its longstanding focus on shareholder returns as the Board of Directors approved a 4% increase in the Company's dividend, to an annual rate of $2.22 per share.” “The Company has now paid a dividend for 124 consecutive years and increased its annual dividend rate for 56 consecutive years.”
• Commenced construction on both the Tioga Pathway and Shippingport Lateral expansion projects, which remain on track for a late calendar year 2026 in-service date.
Over the trailing year it converted 2.45x of net income into operating cash flow. Historically, Utilities names rated robust grew net income 71% of the time over the next year (vs 62% for the rest of the cohort, n=929).
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates (low R² over the window).
28 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Utilities names rated volatile grew net income 62% of the time over the next year (vs 66% for the rest of the cohort, n=1048).
Not investment advice. As of 2026-11-04.
““With these positive catalysts across our operations, including line of sight to earnings growth at our regulated businesses and increasing free cash flow generation at our non-regulated businesses,…”
“• The Company is reaffirming its fiscal 2026 adjusted EPS guidance range of $7.60 to $8.10 per share.”
“FY26 Results 9% year-over-year adjusted earnings per share growth(1) ~$200 million of free cash flow generated(2) 56th consecutive annual dividend increase Recent Strategic Highlights Completed acqui…”
“In addition to significant per-share earnings growth driven by strong outlooks in each segment, the Company anticipates leveraging its best-in-class capital efficiency trend to generate between $1.0…”
“FY26 Results 9% year-over-year adjusted earnings per share growth(1) ~$200 million of free cash flow generated(2) 56th consecutive annual dividend increase Recent Strategic Highlights Completed acqui…”
“• The Company maintained its longstanding focus on shareholder returns as the Board of Directors approved a 4% increase in the Company's dividend, to an annual rate of $2.22 per share.”