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	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	686.47	518.5	77.51	476.87	566.92	363.65
Depreciation & Amortization	437.3	416.59	427.08	409.57	369.79	335.3
Stock-Based Compensation	19.21	19.75	22.09	20.63	15.5	17.07
Other Adjustments	81.09	182.76	531.53	121.57	90.36	157.69
Change in Receivables	-3.43	-54.52	34.31	213.57	-168.76	-61.41
Changes in Inventories	-23.1	-20.71	1.74	-8.41	1.34	-2.01
Changes in Accounts Payable	8.93	12.79	5.62	-37.1	11.31	31.35
Changes in Accrued Expenses	35.13	0.49	2.94	-67.66	-	34.31
Changes in Other Operating Activities	-128.79	-127.9	-29.86	116.45	-128.9	-84.39
Operating Cash Flow	1,283	1,100	1,066	1,237	812.88	791.55
Operating Cash Flow Growth	34.59%	3.20%	-13.83%	52.19%	2.69%	6.85%
Capital Expenditures	-976.83	-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	5.76	14.12	-2.67	-112.48	8.68	13.94
Investing Cash Flow	-964.07	-891.7	-933.91	-1,121	-518.7	-633.22
Short-Term Debt Issued	-167.1	59.5	-196.8	240	-98.5	128.5
Short-Term Debt Repaid	-	-	-	-250	-	-
Net Short-Term Debt Issued (Repaid)	-167.1	59.5	-196.8	-10	-98.5	128.5
Long-Term Debt Issued	-0.29	988.73	299.36	297.31	-	495.27
Long-Term Debt Repaid	-200.6	-1,006	-64	-549	-	-515.72
Net Long-Term Debt Issued (Repaid)	-200.89	-16.96	235.36	-251.69	-	-20.45
Issuance of Common Stock	338.4	-	-	-	-	-
Repurchase of Common Stock	-20.38	-14.03	-3.96	-1.71	-9.29	-3.7
Net Common Stock Issued (Repurchased)	318.02	-14.03	-3.96	-1.71	-9.29	-3.7
Common Dividends Paid	-235.54	-229.89	-223.8	-216.6	-129.45	-163.09
Financing Cash Flow	-382.08	-201.38	-189.2	-270	-237.24	-58.74
Net Cash Flow	-62.71	6.94	-57.23	-154.27	56.94	99.6
Free Cash Flow	306.61	187.21	134.73	227.21	1.26	39.82
Free Cash Flow Growth	63.78%	38.95%	-40.70%	18004.14%	-96.85%	61.50%
FCF Margin	12.23%	8.22%	6.93%	10.45%	0.06%	2.28%
Free Cash Flow Per Share	3.31	2.05	1.46	2.46	0.01	0.43
Levered Free Cash Flow	1,541	-55.52	-407.66	-381.84	-90.57	34.53
Unlevered Free Cash Flow	126.57	-19.5	-337.42	-35.57	118.96	49.33

Updated Apr 30, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q