NATIONAL FUEL GAS CO
NFG · Natural Gas Distribution · 95.0M shares · +2%/yr ↑ shares · EDGAR filings ↗
Grade
B80Integrated gas distribution/E&P company posting top-decile growth and margins in a strong commodity year.
Strengths
- Top-decile growth (revenue +30% 81.8th pct, net income +569% 100th pct) and elite OCF margin (49.6%, 100th pct)
- Very high gross margin (90%, 95.2nd pct) and strong ROA (5.9%, 83.3rd pct) with healthy FCF (77.8th pct)
Risks
- Earnings surge partly reflects a cyclical rebound and commodity price tailwinds (E&P exposure)
- Weak liquidity (current ratio 0.44, 23rd pct)
Notable findings
- Weak liquidityCurrent ratio 0.44 (<1)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
90.6%
Operating margin
35.7%
Net margin
22.8%
Return on assets
5.9%
Revenue growth (QoQ)
37.4%
Net-income growth
568.9%
Net debt / EBITDA
1.8×
Current ratio
0.4×
Free cash flow
$187M
EBITDA
$1.3B
Cash & investments
$43M
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-01 | BAUMANN BARBARA M | Grant | 469 | $93.29 |
| 2026-04-01 | TANSKI RONALD J | Grant | 469 | $93.29 |
| 2026-04-01 | JAGGERS JOSEPH N | Grant | 469 | $93.29 |
| 2026-04-01 | SHAW JEFFREY W | Grant | 469 | $93.29 |
| 2026-01-15 | Carroll David C. | Other | 198 | $81.83 |
| 2026-01-15 | Ranich Rebecca | Other | 116 | $81.83 |
| 2026-01-15 | ANDERSON DAVID HUGO | Other | 1 | $81.83 |
| 2026-01-02 | TANSKI RONALD J | Grant | 541 | $80.94 |
| 2026-01-02 | SHAW JEFFREY W | Grant | 541 | $80.94 |
| 2026-01-02 | JAGGERS JOSEPH N | Grant | 541 | $80.94 |
| 2026-01-02 | BAUMANN BARBARA M | Grant | 541 | $80.94 |
| 2025-12-06 | Colpoys Michael D | Tax withheld | 355 | $82.28 |
| 2025-12-06 | Hartz Lee E | Option exercise | 412 | — |
| 2025-12-06 | Hartz Lee E | Tax withheld | 211 | $82.28 |
| 2025-12-06 | Del Vecchio Joseph N | Option exercise | 788 | — |
| 2025-12-06 | Del Vecchio Joseph N | Tax withheld | 28 | $82.28 |
| 2025-12-06 | Del Vecchio Joseph N | Disposition | 760 | — |
| 2025-12-06 | Silverstein Timothy J | Option exercise | 1.4K | — |
| 2025-12-06 | Bauer David P | Disposition | 9.3K | — |
| 2025-12-06 | Silverstein Timothy J | Tax withheld | 720 | $82.28 |
| 2025-12-06 | Bauer David P | Tax withheld | 344 | $82.28 |
| 2025-12-06 | Loweth Justin I | Option exercise | 5.0K | — |
| 2025-12-06 | Loweth Justin I | Tax withheld | 1.9K | $82.28 |
| 2025-12-06 | Mendel Elena G | Option exercise | 421 | — |
| 2025-12-06 | Mendel Elena G | Tax withheld | 215 | $82.28 |
| 2025-12-06 | Krebs Martin A | Option exercise | 851 | — |
| 2025-12-06 | Krebs Martin A | Disposition | 851 | — |
| 2025-12-06 | Colpoys Michael D | Option exercise | 722 | — |
| 2025-12-06 | Bauer David P | Option exercise | 9.7K | — |
| 2025-12-05 | Bauer David P | Disposition | 7.7K | — |
| 2025-12-05 | Colpoys Michael D | Option exercise | 600 | — |
| 2025-12-05 | Colpoys Michael D | Tax withheld | 295 | $82.28 |
| 2025-12-05 | Hartz Lee E | Option exercise | 338 | — |
| 2025-12-05 | Hartz Lee E | Tax withheld | 173 | $82.28 |
| 2025-12-05 | Del Vecchio Joseph N | Option exercise | 1.1K | — |
| 2025-12-05 | Del Vecchio Joseph N | Tax withheld | 572 | $82.28 |
| 2025-12-05 | Silverstein Timothy J | Option exercise | 1.4K | — |
| 2025-12-05 | Silverstein Timothy J | Tax withheld | 700 | $82.28 |
| 2025-12-05 | Loweth Justin I | Option exercise | 4.1K | — |
| 2025-12-05 | Loweth Justin I | Tax withheld | 1.6K | $82.28 |
| 2025-12-05 | Mendel Elena G | Option exercise | 359 | — |
| 2025-12-05 | Mendel Elena G | Tax withheld | 184 | $82.28 |
| 2025-12-05 | Krebs Martin A | Option exercise | 712 | — |
| 2025-12-05 | Krebs Martin A | Disposition | 712 | — |
| 2025-12-05 | Bauer David P | Option exercise | 8.0K | — |
| 2025-12-05 | Bauer David P | Tax withheld | 285 | $82.28 |
| 2025-12-04 | Del Vecchio Joseph N | Tax withheld | 77 | $82.01 |
| 2025-12-04 | Colpoys Michael D | Grant | 1.2K | — |
| 2025-12-04 | Colpoys Michael D | Tax withheld | 593 | $82.01 |
| 2025-12-04 | Colpoys Michael D | Grant | 1.9K | — |
| 2025-12-04 | Colpoys Michael D | Tax withheld | 952 | $82.01 |
| 2025-12-04 | Hartz Lee E | Grant | 708 | — |
| 2025-12-04 | Hartz Lee E | Tax withheld | 362 | $82.01 |
| 2025-12-04 | Hartz Lee E | Grant | 1.1K | — |
| 2025-12-04 | Hartz Lee E | Tax withheld | 581 | $82.01 |
| 2025-12-04 | Del Vecchio Joseph N | Grant | 1.4K | — |
| 2025-12-04 | Del Vecchio Joseph N | Tax withheld | 48 | $82.01 |
| 2025-12-04 | Del Vecchio Joseph N | Grant | 2.2K | — |
| 2025-12-04 | Del Vecchio Joseph N | Disposition | 3.4K | — |
| 2025-12-04 | Silverstein Timothy J | Grant | 657 | — |
| 2025-12-04 | Silverstein Timothy J | Tax withheld | 336 | $82.01 |
| 2025-12-04 | Silverstein Timothy J | Grant | 1.1K | — |
| 2025-12-04 | Silverstein Timothy J | Tax withheld | 539 | $82.01 |
| 2025-12-04 | Loweth Justin I | Grant | 8.5K | — |
| 2025-12-04 | Loweth Justin I | Tax withheld | 3.3K | $82.01 |
| 2025-12-04 | Loweth Justin I | Grant | 14K | — |
| 2025-12-04 | Loweth Justin I | Tax withheld | 5.4K | $82.01 |
| 2025-12-04 | Mendel Elena G | Grant | 722 | — |
| 2025-12-04 | Mendel Elena G | Tax withheld | 369 | $82.01 |
| 2025-12-04 | Mendel Elena G | Grant | 1.2K | — |
| 2025-12-04 | Mendel Elena G | Tax withheld | 592 | $82.01 |
| 2025-12-04 | Krebs Martin A | Grant | 1.5K | — |
| 2025-12-04 | Krebs Martin A | Grant | 2.3K | — |
| 2025-12-04 | Krebs Martin A | Disposition | 3.8K | — |
| 2025-12-04 | Bauer David P | Grant | 15K | — |
| 2025-12-04 | Bauer David P | Tax withheld | 550 | $82.01 |
| 2025-12-04 | Bauer David P | Grant | 25K | — |
| 2025-12-04 | Bauer David P | Tax withheld | 883 | $82.01 |
| 2025-12-04 | Bauer David P | Disposition | 39K | — |
| 2025-12-01 | Mendel Elena G | Tax withheld | 163 | $82.38 |
| 2025-12-01 | Bauer David P | Disposition | 6.6K | — |
| 2025-12-01 | Bauer David P | Tax withheld | 243 | $82.38 |
| 2025-12-01 | Bauer David P | Option exercise | 6.8K | — |
| 2025-12-01 | Colpoys Michael D | Option exercise | 533 | — |
| 2025-12-01 | Colpoys Michael D | Tax withheld | 262 | $82.38 |
| 2025-12-01 | Krebs Martin A | Disposition | 644 | — |
| 2025-12-01 | Hartz Lee E | Option exercise | 313 | — |
| 2025-12-01 | Hartz Lee E | Tax withheld | 160 | $82.38 |
| 2025-12-01 | Del Vecchio Joseph N | Option exercise | 597 | — |
| 2025-12-01 | Del Vecchio Joseph N | Tax withheld | 22 | $82.38 |
| 2025-12-01 | Del Vecchio Joseph N | Disposition | 575 | — |
| 2025-12-01 | Silverstein Timothy J | Option exercise | 290 | — |
| 2025-12-01 | Silverstein Timothy J | Tax withheld | 149 | $82.38 |
| 2025-12-01 | Loweth Justin I | Option exercise | 3.7K | — |
| 2025-12-01 | Loweth Justin I | Tax withheld | 1.5K | $82.38 |
| 2025-12-01 | Krebs Martin A | Option exercise | 644 | — |
| 2025-12-01 | Mendel Elena G | Option exercise | 319 | — |
| 2025-11-10 | TANSKI RONALD J | Gift | 1.4K | — |
| 2025-10-15 | Krebs Martin A | Other | 25 | $86.22 |
| 2025-10-15 | Mendel Elena G | Other | 73 | $86.22 |
| 2025-10-15 | Hartz Lee E | Other | 96 | $86.22 |
| 2025-10-15 | Colpoys Michael D | Other | 1 | $86.22 |
| 2025-10-15 | Carroll David C. | Other | 187 | $86.22 |
| 2025-10-15 | Ranich Rebecca | Other | 109 | $86.22 |
| 2025-10-15 | ANDERSON DAVID HUGO | Other | 2 | $86.22 |
| 2025-10-01 | TANSKI RONALD J | Grant | 471 | $92.95 |
| 2025-10-01 | JAGGERS JOSEPH N | Grant | 471 | $92.95 |
| 2025-10-01 | BAUMANN BARBARA M | Grant | 471 | $92.95 |
| 2025-10-01 | SHAW JEFFREY W | Grant | 471 | $92.95 |
| 2025-09-10 | Bauer David P | Disposition | 4.6K | — |
| 2025-09-10 | Bauer David P | Grant | 4.8K | — |
| 2025-09-10 | Bauer David P | Tax withheld | 169 | $86.52 |
| 2025-09-10 | Silverstein Timothy J | Grant | 214 | — |
| 2025-09-10 | Silverstein Timothy J | Tax withheld | 110 | $86.52 |
| 2025-09-10 | Mendel Elena G | Tax withheld | 125 | $86.52 |
| 2025-09-10 | Loweth Justin I | Grant | 2.3K | — |
| 2025-09-10 | Loweth Justin I | Tax withheld | 900 | $86.52 |
| 2025-09-10 | Krebs Martin A | Grant | 490 | — |
| 2025-09-10 | Krebs Martin A | Disposition | 490 | — |
| 2025-09-10 | Hartz Lee E | Grant | 238 | — |
| 2025-09-10 | Hartz Lee E | Tax withheld | 122 | $86.52 |
| 2025-09-10 | Del Vecchio Joseph N | Grant | 430 | — |
| 2025-09-10 | Del Vecchio Joseph N | Tax withheld | 16 | $86.52 |
| 2025-09-10 | Del Vecchio Joseph N | Disposition | 414 | — |
| 2025-09-10 | Colpoys Michael D | Grant | 406 | — |
| 2025-09-10 | Colpoys Michael D | Tax withheld | 200 | $86.52 |
| 2025-09-10 | Mendel Elena G | Grant | 244 | — |
| 2025-08-25 | Krebs Martin A | I | 2.4K | $86.73 |
| 2025-07-15 | Mendel Elena G | Other | 69 | $89.33 |
| 2025-07-15 | Ranich Rebecca | Other | 105 | $89.33 |
| 2025-07-15 | Hartz Lee E | Other | 91 | $89.33 |
| 2025-07-15 | Colpoys Michael D | Other | 1 | $89.33 |
| 2025-07-15 | Carroll David C. | Other | 179 | $89.33 |
| 2025-07-15 | ANDERSON DAVID HUGO | Other | 1 | $89.33 |
| 2025-07-15 | Krebs Martin A | Other | 24 | $89.33 |
| 2025-07-01 | TANSKI RONALD J | Grant | 518 | $84.62 |
| 2025-07-01 | SHAW JEFFREY W | Grant | 518 | $84.62 |
| 2025-07-01 | BAUMANN BARBARA M | Grant | 518 | $84.62 |
| 2025-07-01 | JAGGERS JOSEPH N | Grant | 518 | $84.62 |
| 2025-04-15 | Mendel Elena G | Other | 76 | $78.18 |
| 2025-04-15 | Krebs Martin A | Other | 26 | $78.18 |
| 2025-04-15 | Hartz Lee E | Other | 100 | $78.18 |
| 2025-04-15 | Ranich Rebecca | Other | 114 | $78.18 |
| 2025-04-15 | Carroll David C. | Other | 196 | $78.18 |
| 2025-04-15 | ANDERSON DAVID HUGO | Other | 1 | $78.18 |
| 2025-04-01 | BAUMANN BARBARA M | Grant | 552 | $79.27 |
| 2025-04-01 | TANSKI RONALD J | Grant | 552 | $79.27 |
| 2025-04-01 | SHAW JEFFREY W | Grant | 552 | $79.27 |
| 2025-04-01 | JAGGERS JOSEPH N | Grant | 552 | $79.27 |
| 2025-01-15 | Krebs Martin A | Other | 31 | $66.23 |
| 2025-01-15 | Mendel Elena G | Other | 89 | $66.23 |
| 2025-01-15 | ANDERSON DAVID HUGO | Other | 2 | $66.23 |
| 2025-01-15 | Ranich Rebecca | Other | 134 | $66.23 |
| 2025-01-15 | Carroll David C. | Other | 230 | $66.23 |
| 2025-01-02 | TANSKI RONALD J | Grant | 715 | $61.22 |
| 2025-01-02 | JAGGERS JOSEPH N | Grant | 715 | $61.22 |
| 2025-01-02 | BAUMANN BARBARA M | Grant | 715 | $61.22 |
| 2025-01-02 | SHAW JEFFREY W | Grant | 715 | $61.22 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-24 | 0001193125-26-285514 ↗ |
| 8-K | 2026-06-10 | 2026-06-10 | 0001193125-26-265249 ↗ |
| 8-K | 2026-05-27 | 2026-05-27 | 0001193125-26-242139 ↗ |
| 8-K | 2026-05-26 | 2026-05-26 | 0001193125-26-238061 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0000070145-26-000017 ↗ |
| 8-K | 2026-04-30 | 2026-04-29 | 0000070145-26-000014 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001193125-26-192083 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0001193125-26-129271 ↗ |
| 8-K | 2026-03-13 | 2026-03-12 | 0001193125-26-106081 ↗ |
| 10-Q | 2026-01-29 | 2025-12-31 | 0000070145-26-000009 ↗ |
| 8-K | 2026-01-29 | 2026-01-28 | 0000070145-26-000006 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0001193125-26-027371 ↗ |