National Fuel Gas Company (NFG)

National Fuel Gas Company Cash Flow Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	655.16	518.5	77.51	476.87	566.92	363.65
Depreciation & Amortization	429.25	416.59	427.08	409.57	369.79	335.3
Stock-Based Compensation	19.14	19.75	22.09	20.63	15.5	17.07
Other Adjustments	150.88	182.76	531.53	121.57	90.36	157.69
Change in Receivables	-77.92	-54.52	34.31	213.57	-168.76	-61.41
Changes in Inventories	-15.72	-20.71	1.74	-8.41	1.34	-2.01
Changes in Accounts Payable	24.49	12.79	5.62	-37.1	11.31	31.35
Changes in Accrued Expenses	16.78	0.49	2.94	-67.66	-	34.31
Changes in Other Operating Activities	-148.14	-127.9	-29.86	116.45	-128.9	-84.39
Operating Cash Flow	1,155	1,100	1,066	1,237	812.88	791.55
Operating Cash Flow Growth	13.77%	3.20%	-13.83%	52.18%	2.69%	6.85%
Capital Expenditures	-950.03	-912.82	-931.24	-1,010	-811.63	-751.73
Sale of Property, Plant & Equipment	-	-	-	-	100	104.58
Proceeds from Sale of Investments	-	7	-	1	30	-
Other Investing Activities	6.99	14.12	-2.67	-112.48	8.68	13.94
Investing Cash Flow	-936.04	-891.7	-933.91	-1,121	-518.7	-633.22
Short-Term Debt Issued	-110	59.5	-196.8	240	-98.5	128.5
Short-Term Debt Repaid	-	-	-	-250	-	-
Net Short-Term Debt Issued (Repaid)	-110	59.5	-196.8	-10	-98.5	128.5
Long-Term Debt Issued	494.22	988.73	299.36	297.31	-	495.27
Long-Term Debt Repaid	-527.65	-1,006	-64	-549	-	-515.72
Net Long-Term Debt Issued (Repaid)	-33.43	-16.96	235.36	-251.69	-	-20.45
Issuance of Common Stock	347.11	-	-	-	-	-
Repurchase of Common Stock	-37.32	-14.03	-3.96	-1.71	-9.29	-3.7
Net Common Stock Issued (Repurchased)	309.79	-14.03	-3.96	-1.71	-9.29	-3.7
Common Dividends Paid	-231.38	-229.89	-223.8	-216.6	-129.45	-163.09
Financing Cash Flow	5.88	-201.38	-189.2	-270	-237.24	-58.74
Net Cash Flow	224.7	6.94	-57.23	-154.27	56.94	99.6
Free Cash Flow	204.84	187.21	134.73	227.21	1.26	39.82
Free Cash Flow Growth	9.42%	38.95%	-40.70%	18004.14%	-96.85%	61.50%
FCF Margin	8.61%	8.22%	6.93%	10.45%	0.06%	2.28%
Free Cash Flow Per Share	2.24	2.05	1.46	2.46	0.01	0.43
Levered Free Cash Flow	1,326	-55.52	-407.66	-381.84	-90.57	34.53
Unlevered Free Cash Flow	108.93	-19.5	-337.42	-35.57	118.96	49.33

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q