NATIONAL FUEL GAS CO
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.28B | $1.94B | $2.17B | $2.19B | $1.74B | $1.55B | $1.69B | $1.59B |
| Cost of Revenue | $213.4M | $150.1M | $437.6M | $392.1M | $171.8M | $233.9M | $386.3M | $337.8M |
| Gross Profit | $2.06B | $1.79B | $1.74B | $1.79B | $1.57B | $1.31B | $1.31B | $1.25B |
| Gross Margin | 90.6% | 92.3% | 79.9% | 82.1% | 90.1% | 84.9% | 77.2% | 78.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $75.1M | $70.9M | $65.8M | — | — | — | — | — |
| Operating Income | $813.5M | $209.7M | $755.1M | $814.5M | $639.9M | $29.9M | $511.8M | $519.7M |
| Operating Margin | 35.7% | 10.8% | 34.7% | 37.3% | 36.7% | 1.9% | 30.2% | 32.6% |
| Interest Expense | $140.9M | $138.7M | $131.9M | $130.4M | $146.4M | $117.1M | $106.8M | $114.5M |
| Pretax Income | $694.1M | $87.3M | $641.4M | $682.7M | $478.3M | $-105.0M | $389.5M | $384.0M |
| Income Tax Expense | $175.5M | $9.7M | $164.5M | $116.6M | $114.7M | $18.7M | $85.2M | $-7.5M |
| Net Income | $518.5M | $77.5M | $476.9M | $566.0M | $363.6M | $-123.8M | $304.3M | $391.5M |
| Net Margin | 22.8% | 4.0% | 21.9% | 25.9% | 20.9% | -8.0% | 18.0% | 24.6% |
| EPS (Basic) | $5.73 | $0.84 | $5.20 | $6.19 | $3.99 | $-1.41 | $3.53 | $4.56 |
| EPS (Diluted) | $5.68 | $0.84 | $5.17 | $6.15 | $3.97 | $-1.41 | $3.51 | $4.53 |
| Shares Outstanding (Basic) | 90.5M | 91.8M | 91.7M | 91.4M | 91.1M | 88.0M | 86.2M | 85.8M |
| Shares Outstanding (Diluted) | 91.2M | 92.3M | 92.3M | 92.1M | 91.7M | 88.0M | 86.8M | 86.4M |
| Dividends Per Share | $2.10 | $2.02 | $1.94 | $1.86 | $1.80 | $1.76 | $1.72 | $1.68 |