What is the 13F Pro Quality Score for NFG?

13F Pro ranks NATIONAL FUEL GAS CO (NFG) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NFG's current score at https://13fpro.ai/company/NFG (free sign-up required for the full ranking).

Where does 13F Pro source NFG data?

All NATIONAL FUEL GAS CO fundamentals and ownership data come directly from SEC EDGAR. NATIONAL FUEL GAS CO files with the SEC under CIK 70145. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NFG in?

NATIONAL FUEL GAS CO (NFG) is classified in the Energy sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/energy.

What drives NFG's revenue?

Per NATIONAL FUEL GAS CO's latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Production of Natural Gas ($235,036 thousand); Natural Gas Residential Sales ($121,502 thousand); Natural Gas Transportation Service ($75,333 thousand). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/NFG.

How often is NFG research updated on 13F Pro?

NFG's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NATIONAL FUEL GAS CO(NFG)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Energy →NYSEmid

Institutional-grade research for retail investors

SEC EDGAR: CIK 70145 NFG stock profile & AI dashboard →

13F Pro Quality Score

67.8/100

Rank #344 of 2,961 stocksTOP 25%

View Energy peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

65.6/100

Profitability

90.1/100

Balance Sheet

77.7/100

Earnings Quality

43.0/100

Free Cash Flow

53.0/100

Institutional Flow

77.4/100

Revenue Scale

66.7/100

Dilution Risk

61.2/100

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Why NFG Scores 68/100

exact factor attribution · 2026-09-11

NFG's composite is driven by profitability and revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+6.0 pts

90th pct

Revenue growth

+3.1 pts

66th pct

Capital efficiency

+2.8 pts

78th pct

Scale

+2.5 pts

67th pct

Earnings growth

+1.8 pts

85th pct

Institutional flow

+1.4 pts

77th pct

Shareholder dilution

+0.6 pts

61th pct

Free cash flow

+0.5 pts

53th pct

Earnings quality

-0.7 pts

43th pct

Latest change (2026-07-30): 80 → 73 · ↓ Revenue growth 86→65; ↓ Free cash flow 72→62

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

NFG Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for NATIONAL FUEL GAS CO (NFG), a Energy sector company. 13F Pro's AI-powered ranking engine scores NFG at 67.8/100 on a 32-signal composite quality model, placing it at rank #344 of 2,961 stocks — the top 25% of the AI-ranked universe. NFG scores in the top quartile across profitability (90.1), balance sheet strength (77.7), institutional flow (77.4). Based on the latest XBRL financial filings (Q2 2026), NATIONAL FUEL GAS CO reports quarterly revenue of $537.5M, net income of $138.6M, free cash flow of $111.0M. Top institutional holders of NFG by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. NFG trades on the NYSE exchange and files with the SEC under CIK 70145. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NFG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NATIONAL FUEL GAS CO directly from SEC EDGAR. NATIONAL FUEL GAS CO's 13F Pro composite quality score has ranged between 35 and 74 since 2021, currently 67.8 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about NATIONAL FUEL GAS CO

Quirks, history, and lore behind NFG — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. energy utility · mid-cap · listed on the NYSE · headquartered in western New York.
2
The Numbers
Annual revenue in the low single-digit billions, with operations spanning five business segments — from pipelines to exploration to retail gas delivery.
3
The History
Tracing its roots back to the late 1800s, it has been continuously delivering natural gas to customers longer than most American companies have existed.
4
The Secret
Unlike a pure utility, it's also in the oil and gas exploration business and owns significant pipeline and storage infrastructure — a one-stop shop along the gas value chain.
5
The Lore
It serves customers in New York and Pennsylvania and is one of the few regulated utilities that also pumps gas straight out of the ground itself.
6
The Giveaway
Its ticker is three letters that sound like a golf score, its utility arm literally has the word "gas" in the corporate name, and Buffalo winters keep its customers very, very loyal.

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What's Driving NFG's Business? Latest 10-Q Breakdown

✓ 23/23 datapoints verified

AI-extracted from NATIONAL FUEL GAS CO's 10-Q filed 2026-07-30 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenue from contracts with customers was $473,974 thousand as gas production fell 7.3 Bcf; earnings slipped to $138.6 million from $149.8 million on CenterPoint Ohio integration costs.

Biggest Revenue Drivers

Production of Natural Gas$235,036 thousand

Production fell 7.3 Bcf largely due to natural declines on producing wells, partially offset by recently turned-in-line wells

Natural Gas Residential Sales$121,502 thousand

Higher base delivery rates effective October 1, 2025 from year two of Distribution Corporation's three-year New York rate settlement

Biggest Revenue Drivers

Total revenue: $473,974 thousand

Production of Natural Gas$235,036 thousand

Production fell 7.3 Bcf largely due to natural declines on producing wells, partially offset by recently turned-in-line wells

Natural Gas Residential Sales$121,502 thousand

Higher base delivery rates effective October 1, 2025 from year two of Distribution Corporation's three-year New York rate settlement

Natural Gas Transportation Service$75,333 thousand

Adjustment to match electric surcharge revenues with electric power costs and rate increases on existing contracts, offset by contract revisions

Natural Gas Storage Service$14,964 thousand

Remarketed capacity available through customer contract negotiations and rate increases on existing contracts, partially offset by revisions to existing contracts

Natural Gas Commercial Sales$14,129 thousand

Largest Expense Items

Depreciation, Depletion and Amortization$121,058 thousand

Higher depletion, primarily due to a lower depletion rate in the prior year quarter following fiscal 2024-2025 ceiling test impairments

Operation and Maintenance — Integrated Upstream and Gathering and Other$63,534 thousand

Change in segment reporting combined with higher gathering operation and maintenance expenses, partially offset by lower personnel costs

Operation and Maintenance — Utility$60,592 thousand

Higher uncollectible expenses from higher operating revenue, plus higher personnel, materials and outside services costs

Purchased Gas$29,878 thousand

Purchased gas expense matches revenues collected from customers under purchased gas adjustment clauses

Margins: Operating income fell to $208,940 thousand from $230,252 thousand as operating expenses rose to $328,557 thousand; the filing attributes lower earnings to a Corporate-category loss and weaker Integrated Upstream and Gathering results.

Watch Items from the Filing

Pending $2.62 billion CenterPoint Ohio acquisition closes October 1, 2026, funded with $1.42 billion cash and a $1.2 billion seller note at 6.5%.
Gas production fell to 104,285 MMcf from 111,588 MMcf; weighted average gas price was $2.25 per Mcf versus $2.69 a year earlier.
Full cost ceiling exceeded book value by approximately $1.4 billion; a $0.25 per MMBtu lower price still leaves roughly $1.0 billion cushion.
Supply Corporation's FERC rate case seeks annual cost of service of approximately $404 million, up about $95 million, effective November 1, 2026 subject to refund.
313.8 Bcf of gas hedges outstanding with $88.7 million after-tax hedging gains in AOCI; $72.9 million reclassifies to income within 12 months.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$537.5M

Net Income

Q2 2026

$138.6M

Free Cash Flow

Q2 2026

$111.0M

ROIC

Q2 2026

11.2%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+17.1% YoY

$2.28BFY 2025

FY22 $2.19BFY23 $2.17BFY24 $1.94BFY25 $2.28B

Net Income

+568.9% YoY

$518.5MFY 2025

FY22 $566.0MFY23 $476.9MFY24 $77.5MFY25 $518.5M

Operating Income

+287.9% YoY

$813.5MFY 2025

FY22 $814.5MFY23 $755.1MFY24 $209.7MFY25 $813.5M

EPS (Diluted)

+576.2% YoY

$5.68FY 2025

FY22 $6.15FY23 $5.17FY24 $0.84FY25 $5.68

Total Assets

+4.8% YoY

$8.72BFY 2025

FY22 $7.90BFY23 $8.28BFY24 $8.32BFY25 $8.72B

Total Debt

-4.4% YoY

$3.13BFY 2025

FY22 $3.24BFY23 $2.67BFY24 $3.28BFY25 $3.13B

Op. Cash Flow

+3.2% YoY

$1.10BFY 2025

FY22 $812.5MFY23 $1.24BFY24 $1.07BFY25 $1.10B

Free Cash Flow

+39.0% YoY

$187.2MFY 2025

FY22 $695.0KFY23 $227.2MFY24 $134.7MFY25 $187.2M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$2.28B +17.1%	$1.94B -10.5%	$2.17B -0.6%	$2.19B +25.4%	$1.74B +12.7%	$1.55B
Net Income	$518.5M +568.9%	$77.5M -83.7%	$476.9M -15.8%	$566.0M +55.7%	$363.6M +393.8%	$-123.8M
Operating Income	$813.5M +287.9%	$209.7M -72.2%	$755.1M -7.3%	$814.5M +27.3%	$639.9M +2043.2%	$29.9M
EPS (Diluted)	$5.68 +576.2%	$0.84 -83.8%	$5.17 -15.9%	$6.15 +54.9%	$3.97 +381.6%	$-1.41
Total Assets	$8.72B +4.8%	$8.32B +0.5%	$8.28B +4.9%	$7.90B +5.8%	$7.46B +7.2%	$6.96B
Total Debt	$3.13B -4.4%	$3.28B +22.7%	$2.67B -17.6%	$3.24B +16.3%	$2.79B +4.8%	$2.66B
Operating Cash Flow	$1.10B +3.2%	$1.07B -13.8%	$1.24B +52.3%	$812.5M +2.6%	$791.6M +6.8%	$740.8M
Free Cash Flow	$187.2M +39.0%	$134.7M -40.7%	$227.2M +32591.7%	$695.0K -98.3%	$39.8M +61.5%	$24.7M

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13F Pro tracks comprehensive data for NATIONAL FUEL GAS CO including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NFG

BlackRock, Inc.
$748.6M9,695,230 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$620.0M8,030,342 sh
VANGUARD CAPITAL MANAGEMENT LLC
$330.8M4,284,248 sh
STATE STREET CORP
$326.5M4,198,608 sh
Energy Income Partners, LLC
$231.3M2,995,843 sh
LSV ASSET MANAGEMENT
$182.3M2,361,366 sh
PRICE T ROWE ASSOCIATES INC /MD/
$182.1M2,359,113 sh
GABELLI FUNDS LLC
$179.6M2,326,363 sh
AQR CAPITAL MANAGEMENT LLC
$152.1M1,969,955 sh
GEODE CAPITAL MANAGEMENT, LLC
$151.7M1,964,373 sh

Fund	Value	Shares
BlackRock, Inc.	$748.6M	9,695,230
VANGUARD PORTFOLIO MANAGEMENT LLC	$620.0M	8,030,342
VANGUARD CAPITAL MANAGEMENT LLC	$330.8M	4,284,248
STATE STREET CORP	$326.5M	4,198,608
Energy Income Partners, LLC	$231.3M	2,995,843
LSV ASSET MANAGEMENT	$182.3M	2,361,366
PRICE T ROWE ASSOCIATES INC /MD/	$182.1M	2,359,113
GABELLI FUNDS LLC	$179.6M	2,326,363
AQR CAPITAL MANAGEMENT LLC	$152.1M	1,969,955
GEODE CAPITAL MANAGEMENT, LLC	$151.7M	1,964,373

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Is NFG a good stock to buy?

13F Pro's AI-powered analysis of NATIONAL FUEL GAS CO (NFG) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NFG are available on the NFG stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NFG is classified as a mid company.

Which hedge funds own NFG?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NFG. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NATIONAL FUEL GAS CO's investment landscape.