National Fuel Gas (NFG) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

National Fuel Gas Revenue Highlights

Latest Revenue (Y)

$2.28B

Latest Revenue (Q)

$651.51M

Main Segment (Y)

Utility

Main Geography (Y)

NEW YORK

National Fuel Gas Revenue by Period

National Fuel Gas Revenue by Year

Date	Revenue	Change
2025-09-30	$2.28B	17.11%
2024-09-30	$1.94B	-10.53%
2023-09-30	$2.17B	-0.56%
2022-09-30	$2.19B	25.44%
2021-09-30	$1.74B	12.70%
2020-09-30	$1.55B	-8.68%
2019-09-30	$1.69B	6.32%
2018-09-30	$1.59B	0.81%
2017-09-30	$1.58B	8.78%
2016-09-30	$1.45B	-17.52%
2015-09-30	$1.76B	-16.67%
2014-09-30	$2.11B	15.50%
2013-09-30	$1.83B	12.46%
2012-09-30	$1.63B	-8.54%
2011-09-30	$1.78B	1.04%
2010-09-30	$1.76B	-14.19%
2009-09-30	$2.05B	-14.53%
2008-09-30	$2.40B	17.69%
2007-09-30	$2.04B	-8.93%
2006-09-30	$2.24B	20.36%
2005-09-30	$1.86B	-2.47%
2004-09-30	$1.91B	-0.71%
2003-09-30	$1.92B	31.21%
2002-09-30	$1.46B	-28.90%
2001-09-30	$2.06B	45.84%
2000-09-30	$1.41B	11.81%
1999-09-30	$1.26B	1.22%
1998-09-30	$1.25B	-1.41%
1997-09-30	$1.27B	4.78%
1996-09-30	$1.21B	23.83%
1995-09-30	$975.50M	-14.53%
1994-09-30	$1.14B	11.85%
1993-09-30	$1.02B	-

National Fuel Gas generated $2.28B in revenue during NA 2025, up 17.11% compared to the previous quarter, and up 147.29% compared to the same period a year ago.

National Fuel Gas Revenue by Quarter

Date	Revenue	Change
2025-12-31	$651.51M	42.75%
2025-09-30	$456.41M	-14.18%
2025-06-30	$531.83M	-27.14%
2025-03-31	$729.95M	32.84%
2024-12-31	$549.48M	47.68%
2024-09-30	$372.07M	-10.87%
2024-06-30	$417.44M	-33.73%
2024-03-31	$629.94M	19.91%
2023-12-31	$525.36M	42.39%
2023-09-30	$368.95M	-13.94%
2023-06-30	$428.70M	-40.23%
2023-03-31	$717.26M	8.86%
2022-12-31	$658.86M	51.41%
2022-09-30	$435.15M	-13.43%
2022-06-30	$502.62M	-28.37%
2022-03-31	$701.72M	28.39%
2021-12-31	$546.56M	53.53%
2021-09-30	$355.99M	-9.74%
2021-06-30	$394.40M	-28.44%
2021-03-31	$551.12M	24.92%
2020-12-31	$441.16M	53.19%
2020-09-30	$287.99M	-10.84%
2020-06-30	$323.02M	-34.22%
2020-03-31	$491.10M	10.56%
2019-12-31	$444.19M	51.42%
2019-09-30	$293.34M	-17.88%
2019-06-30	$357.20M	-35.35%
2019-03-31	$552.54M	12.71%
2018-12-31	$490.25M	69.52%
2018-09-30	$289.19M	-15.66%
2018-06-30	$342.91M	-36.60%
2018-03-31	$540.90M	28.89%
2017-12-31	$419.65M	46.25%
2017-09-30	$286.94M	-17.63%
2017-06-30	$348.37M	-33.27%
2017-03-31	$522.08M	23.57%
2016-12-31	$422.50M	44.46%
2016-09-30	$292.47M	-12.86%
2016-06-30	$335.62M	-25.27%
2016-03-31	$449.13M	19.71%
2015-12-31	$375.19M	24.62%
2015-09-30	$301.06M	-11.40%
2015-06-30	$339.81M	-43.00%
2015-03-31	$596.13M	13.78%
2014-12-31	$523.91M	42.90%
2014-09-30	$366.62M	-16.70%
2014-06-30	$440.14M	-41.80%
2014-03-31	$756.24M	37.48%
2013-12-31	$550.07M	62.33%
2013-09-30	$338.86M	-22.99%
2013-06-30	$440.01M	-26.40%
2013-03-31	$597.83M	32.01%
2012-12-31	$452.85M	44.56%
2012-09-30	$313.26M	-4.74%
2012-06-30	$328.86M	-40.46%
2012-03-31	$552.31M	27.72%
2011-12-31	$432.42M	51.18%
2011-09-30	$286.03M	-24.92%
2011-06-30	$380.98M	-42.35%
2011-03-31	$660.88M	46.55%
2010-12-31	$450.95M	62.22%
2010-09-30	$277.99M	-21.50%
2010-06-30	$354.13M	-47.25%
2010-03-31	$671.38M	46.91%
2009-12-31	$457.01M	63.84%
2009-09-30	$278.93M	-24.02%
2009-06-30	$367.11M	-54.38%
2009-03-31	$804.64M	32.53%
2008-12-31	$607.16M	52.61%
2008-09-30	$397.86M	-27.45%
2008-06-30	$548.38M	-38.10%
2008-03-31	$885.85M	-

National Fuel Gas generated $651.51M in revenue during Q1 2026, up 42.75% compared to the previous quarter, and up 175.10% compared to the same period a year ago.

National Fuel Gas Revenue Breakdown

National Fuel Gas Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
Pipeline And Storage	$427.60M	$412.39M	$379.19M	$377.04M	$343.56M
Utility	$817.63M	$697.36M	$942.36M	$898.22M	$667.25M
Intersegment Eliminations	$151.82M	-	-	-	-
Natural Gas Processing	-	$1.05M	-	-	-
Exploration And Production	-	$961.08M	$1.05B	$1.01B	$836.70M
Corporate And Intersegment Eliminations	-	$-370.25M	$-314.53M	$-299.33M	-
Gathering	-	$244.22M	$230.32M	$214.84M	$193.26M
Natural Gas, Midstream	-	$244.22M	-	-	-
Natural Gas, Production	-	$738.78M	-	-	-
Natural Gas, Storage	-	$95.93M	-	-	-
Oil and Gas Service	-	$415.77M	-	-	-
Product and Service, Other	-	$5.24M	-	-	-
Total Reportable Segments	-	-	$2.17B	$2.50B	$2.04B
Total Consolidated	-	-	-	$2.19B	$1.74B
All Other	-	-	-	$6.00K	$1.22M

National Fuel Gas's latest annual revenue breakdown by segment (product or service), as of Sep 25: Utility (58.53%), Pipeline And Storage (30.61%), and Intersegment Eliminations (10.87%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Intersegment Eliminations	$37.75M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pipeline And Storage	$106.90M	$105.84M	$105.58M	$109.57M	-	$92.39M	$95.10M	$97.66M	$97.75M	$95.55M	$95.40M	$88.35M	$85.03M	$84.06M	$86.70M	-	-	-	-	-
Utility	$259.14M	$87.90M	$157.52M	$343.69M	-	$144.62M	$407.12M	$311.68M	$112.31M	$179.95M	$369.20M	$236.76M	$80.36M	$127.01M	$270.88M	-	-	-	-	-
Corporate And Intersegment Eliminations	-	-	$-103.03M	$-100.30M	$-83.80M	$-86.49M	$-83.86M	$-81.03M	$-81.44M	$-77.08M	$-74.98M	$-72.34M	$-74.87M	$-76.98M	-	-	-	-	-	-
Exploration And Production	-	-	$303.88M	$319.79M	-	$216.58M	$244.55M	$276.97M	$252.04M	$252.64M	$261.59M	$244.20M	$215.58M	$209.53M	$220.19M	-	-	-	-	-
Gathering	-	-	$67.87M	$65.03M	-	$58.91M	$56.98M	$56.41M	$54.08M	$55.93M	$52.60M	$52.23M	$47.34M	$48.66M	$50.26M	-	-	-	-	-
Oil and Gas Service	-	-	-	$100.20M	$80.94M	$167.46M	$74.50M	$93.26M	$80.54M	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, Production	-	-	-	$318.40M	$217.46M	$158.54M	$144.37M	$203.20M	$232.66M	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, Midstream	-	-	-	$3.23M	$3.45M	$232.07M	$3.64M	$3.92M	$4.60M	-	-	-	-	-	-	-	-	-	-	-
Natural Gas Processing	-	-	-	$338.00K	$275.00K	$288.00K	$195.00K	$303.00K	$267.00K	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other	-	-	-	$-1.04M	$16.78M	$2.51M	$705.00K	$690.00K	$1.33M	-	-	-	-	-	-	-	-	-	-	-
Natural Gas, Storage	-	-	-	$14.60M	$14.49M	$55.20M	$14.18M	$14.32M	$12.23M	-	-	-	-	-	-	-	-	-	-	-
All Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$6.00K	$26.00K	$1.00K	$65.00K
Total Reportable Segments	-	-	-	-	-	-	-	-	-	-	$428.70M	$717.26M	$658.86M	$435.15M	$502.62M	$701.64M	$546.47M	$355.90M	$394.31M	$550.96M

National Fuel Gas's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Utility (64.18%), Pipeline And Storage (26.47%), and Intersegment Eliminations (9.35%).

National Fuel Gas Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 25	Sep 22	Sep 21	Sep 20	Sep 19
NEW YORK	$57.30M	-	-	-	-
All Other	-	$6.00K	$1.17M	$90.27M	$149.71M

National Fuel Gas's latest annual revenue breakdown by geography, as of Sep 25: NEW YORK (100.00%).

Quarterly Revenue by Country

Country	Jun 23	Mar 23	Dec 22	Jun 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
All Other	-	-	-	-	$6.00K	$26.00K	$-1.00K	$64.00K	$1.11M	$6.23M	$16.63M	$33.00M	$34.41M	$147.54M	$854.00K	$310.00K	$1.01M	$777.00K	$1.50M	$1.23M

National Fuel Gas Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
TGS	Transportadora de Gas del Sur	$1.24T	$194.58B
SUN	Sunoco LP	$25.20B	$6.03B
APA	APA	$8.92B	$2.12B
RRC	Range Resources	$3.12B	$748.53M
NFG	National Fuel Gas	$2.28B	$651.51M
CNX	CNX Resources	$2.14B	$583.84M
SOBO	South Bow	$2.12B	$476.87M
FRO	Frontline	$1.80B	$578.40M
HESM	Hess Midstream LP	$1.62B	$420.90M
AM	Antero Midstream	$1.19B	$294.82M
PR	Permian Resources	-	$1.32B

NFG Revenue FAQ

What is National Fuel Gas’s yearly revenue?

National Fuel Gas's yearly revenue for 2025 was $2.28B, representing an increase of 17.11% compared to 2024. The company's yearly revenue for 2024 was $1.94B, representing a decrease of -10.53% compared to 2023. NFG's yearly revenue for 2023 was $2.17B, representing a decrease of -0.56% compared to 2022.

What is National Fuel Gas’s quarterly revenue?

National Fuel Gas's quarterly revenue for Q1 2026 was $651.51M, a 42.75% increase from the previous quarter (Q4 2025), and a 18.57% increase year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $456.41M, a -14.18% decrease from the previous quarter (Q3 2025), and a 22.67% increase year-over-year (Q4 2024). NFG's quarterly revenue for Q3 2025 was $531.83M, a -27.14% decrease from the previous quarter (Q2 2025), and a 27.40% increase year-over-year (Q3 2024).

What is National Fuel Gas’s revenue growth rate?

National Fuel Gas's revenue growth rate for the last 3 years (2023-2025) was 4.77%, and for the last 5 years (2021-2025) was 30.69%.

What are National Fuel Gas’s revenue streams?

National Fuel Gas's revenue streams in p 25 are Pipeline And Storage, Utility, and Intersegment Eliminations. Pipeline And Storage generated $427.6M in revenue, accounting 30.61% of the company's total revenue, up 3.69% year-over-year. Utility generated $817.63M in revenue, accounting 58.53% of the company's total revenue, up 17.25% year-over-year. Intersegment Eliminations generated $151.82M in revenue, accounting 10.87% of the company's total revenue

What is National Fuel Gas’s main source of revenue?

For the fiscal year ending Sep 25, the largest source of revenue of National Fuel Gas was Utility. This segment made a revenue of $817.63M, representing 58.53% of the company's total revenue.