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NATIONAL FUEL GAS CO NFG
NATIONAL FUEL GAS CO (NFG) earns a Piotroski F-score of 8/9 (strong financial health), with an Altman Z″ in the grey zone. It pays a dividend yielding 2.53% (safety: safe). FY2025 revenue was $2.3B at a 22.8% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-04-07 | Keybanc | Overweight (init) |
| 2025-10-09 | Scotiabank | Sector Perform (down) |
| 2025-08-13 | Scotiabank | Sector Outperform (main) |
| 2025-07-15 | B of A Securities | Buy (up) |
| 2025-07-11 | Scotiabank | Sector Outperform (main) |
| 2025-05-23 | B of A Securities | Underperform (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Transportation & Utilities · percentile among 348 companies
Percentile vs other Transportation & Utilities companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 8/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | -0.059 |
| Retained earnings / assets | 0.231 |
| EBIT / assets | 0.093 |
| Equity / liabilities | 0.55 |
Sector peers · similar-size Transportation & Utilities companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| NFG | NATIONAL FUEL GAS CO | 8/9 | 1.57 | 14.4 | +17.1% |
| SR | SPIRE INC | 5/9 | 0.06 | 17.6 | -4.5% |
| NFE | New Fortress Energy Inc. | — | -5.74 | — | -36.2% |
| NJR | NEW JERSEY RESOURCES CORP | 6/9 | 1.38 | 17.3 | +9.9% |
| NWN | Northwest Natural Holding Co | 4/9 | 0.62 | 18.9 | +11.8% |
| SLNG | Stabilis Solutions, Inc. | 3/9 | — | — | -6.9% |
| CETY | Clean Energy Technologies, Inc. | 1/9 | -9.46 | — | — |
All Transportation & Utilities companies →
About NATIONAL FUEL GAS CO
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.
FAQ
Is NFG financially healthy?
NATIONAL FUEL GAS CO's Piotroski F-score is 8/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does NFG pay a dividend, and is it safe?
Yes. NATIONAL FUEL GAS CO pays a dividend yielding about 2.53% with a 36.3% payout ratio, rated “safe” for safety.
How profitable is NFG?
In FY2025, NATIONAL FUEL GAS CO had a net margin of 22.8% and a return on equity of 16.8%.
Is NFG overvalued or undervalued?
NATIONAL FUEL GAS CO trades at about 14.4× trailing earnings — near its 10-year norm (10-year range 9.9×–72.1×, median 14.5×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for NFG?
The average Wall-Street price target for NATIONAL FUEL GAS CO is $101.50, about 24.2% above the recent price, from 2 analysts (consensus: buy).
Is NFG a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on NATIONAL FUEL GAS CO: a Piotroski F-score of 8/9, an Altman Z″ in the grey zone, a P/E of about 14.4×, a dividend yield of 2.53%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.