NATIONAL FUEL GAS CO
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $138.6M | $247.7M | $181.6M | $107.3M | $149.8M | $216.4M | $45.0M | $-167.6M |
| Depreciation & Amortization | $121.1M | $119.3M | $122.0M | $119.5M | $116.4M | $111.3M | $109.4M | $108.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $4.9M | $5.8M | $4.1M | $4.0M | $5.2M | $5.8M | $4.7M | $6.1M |
| Net Cash from Operating Activities | $377.3M | $382.4M | $274.9M | $237.8M | $388.4M | $253.8M | $220.1M | $197.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $266.2M | $220.6M | $277.6M | $285.5M | $193.1M | $193.8M | $240.4M | $247.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-256.5M | $-218.9M | $-278.9M | $-273.7M | $-192.6M | $-190.8M | $-234.5M | $-248.3M |
| Financing Activities | ||||||||
| Dividends Paid | $50.8M | $50.8M | $48.4M | $48.3M | $46.6M | $46.7M | $46.9M | $47.2M |
| Stock Repurchases | $0 | $0 | $0 | $0 | $4.0M | $16.9M | $33.5M | $36.2M |
| Net Cash from Financing Activities | $1.09B | $-408.3M | $232.2M | $39.8M | $-247.8M | $-20.3M | $24.9M | $7.2M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $111.0M | $161.7M | $-2.7M | $-47.8M | $195.4M | $59.9M | $-20.3M | $-49.1M |