National Fuel Gas Company (NFG)
Energy · NYQ
Price as at 1 Oct 2026, 11:25 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
National Fuel Gas Company trades at $75.86, which is 119% below the $166.13 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 83 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 10.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
NFG dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.65 | 3 |
| 2025 | $2.12 | 4 |
| 2024 | $2.04 | 4 |
| 2023 | $1.96 | 4 |
| 2022 | $1.88 | 4 |
| 2021 | $1.81 | 4 |
| 2020 | $1.77 | 4 |
| 2019 | $1.73 | 4 |
| 2018 | $1.69 | 4 |
| 2017 | $1.65 | 4 |
| 2016 | $1.61 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
NFG earnings and analyst estimates
Recommendation mix, 4 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About National Fuel Gas Company
National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. The Integrated Upstream and Gathering segment explores for, develops, and produces natural gas and oil. It also builds, owns, and operates gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and storage services through its underground natural gas storage fields. This segment also transports and stores natural gas for National Fuel Gas Distribution Corporation, as well as for utilities, industrial companies, and power producers in New York State. The Utility segment sells natural gas to retail customers; and provides natural gas utility services to various customers in Buffalo, Niagara Falls, and Jamestown, New York, as well as in Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
NFG passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
10 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$152.10M · 0.1% of book
- Mario Gabelli, GAMCO INVESTORS, INC. ET AL$105.80M · 0.9% of book
- Harry Burn, SOUND SHORE MANAGEMENT INC /CT/$69.70M · 2.1% of book
- Joel Greenblatt, Gotham Asset Management, LLC$46.42M · 0.1% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$19.96M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in NFG
Trades in NFG disclosed by members of Congress and executive-branch officials, latest first:
- Michael T. McCaul · HouseSell · $50,001 - $100,000 · traded 26 Jun 2026 · disclosed 8 Jul 2026
- Daniel Goldman · HouseBuy · $1,001 - $15,000 · traded 10 Apr 2023 · disclosed 19 May 2023
- Daniel Goldman · HouseSell · $15,001 - $50,000 · traded 1 Mar 2023 · disclosed 17 Apr 2023
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
NFG peers
The largest companies in the same industry (Oil & Gas Integrated), then in the same sector.
- XOM ExxonMobil Holdings Corporation
- CVX Chevron Corporation
- PCCYF PetroChina Company Limited
- SHEL Shell plc
- TTE TotalEnergies SE
- PBR Petróleo Brasileiro S.A. - Petrobras
- BP.L BP p.l.c.
- STOHF Equinor ASA
Every energy company we cover is on the Energy hub.
Common questions
Is National Fuel Gas Company (NFG) undervalued?
Against our fair value estimate of $166.13, NFG at $75.86 is 119% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own NFG?
10 of the institutions we track reported a position in NFG in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is NFG's P/E ratio?
NFG trades at 10.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does National Fuel Gas Company (NFG) pay a dividend?
Yes. National Fuel Gas Company yields 2.74% at the current share price. It has paid $2.18 per share over the trailing twelve months. It has paid a dividend in each of the last 39 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its NFG data?
Fundamentals for NFG come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 11:25 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for NFG, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.