National Fuel Gas Company Common Stock (NFG)

FairStock Score: 72/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable cash flows bought at a sensible price. National Fuel Gas is a diversified natural gas company: upstream and gathering, pipelines and storage, and a regulated utility. That mix gives it some moat, because regulated pipes and storage are hard to replicate, but the upstream side remains commodity-driven. In fiscal Q3 2026, the quarter ended 2026-06-30, revenue was $474.0M, net income $138.6M, and diluted EPS $1.45. That was below fiscal Q3 2025, the quarter ended 2025-06-30, when revenue was $527.4M, net income $149.8M, and diluted EPS $1.64. Still, FY2025 was strong: net income $518.5M and diluted EPS $5.68, up from FY2024's $77.5M and $0.84. At the 2026-10-13 close of $81.09, FairStock calculations put P/E at 11.29, P/B at 1.96, EV/EBITDA at 6.54, and dividend yield at 2.74%. The Graham Number is $81.67, leaving only a 0.71% margin of safety. ROE is 19.58%, but ROCE is 6.89% and D/E is 0.91; Altman Z of 1.28 and Piotroski 4/9 suggest the balance sheet is not a fortress. FCF yield is 2.9%, and growth is mediocre: revenue growth 1.07% and profit growth -7.47%. The computed Lynch category is CYCLICAL - Oil & Gas Integrated, because earnings follow the economic cycle. This is a fair-priced, defensive utility-like energy company, not a bargain; I would want a wider discount for the leverage and cyclicality.

In plain English: National Fuel Gas sells and moves natural gas. It owns wells, pipes, storage, and a regulated utility. The business is profitable and pays a dividend, but it carries meaningful debt and its latest quarterly profit fell from a year earlier. The stock does not look clearly cheap; it trades very close to the value suggested by its earnings and assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer