National Fuel Gas Company (NFG)

Solvency & Capital Structure

Total Debt

$3.57B

Net Debt

$2.33B

National Fuel Gas Company currently has $3.57B in total debt. Net debt is $2.33B after cash offsets.

Financial Fundamentals

NFG • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	3.57	1.24	2.33	10.45	34.1%
2026-03-31	2.43	0.03	2.40	9.13	26.6%
2025-12-31	2.77	0.27	2.50	9.21	30.1%
2025-09-30	2.83	0.04	2.79	8.72	32.5%
2025-06-30	2.74	0.04	2.70	8.45	32.5%
2025-03-31	2.94	0.04	2.90	8.48	34.7%
2024-12-31	2.89	0.05	2.84	8.30	34.8%
2024-09-30	2.78	0.04	2.74	8.32	33.4%
2024-06-30	2.69	0.08	2.61	8.48	31.7%
2024-03-31	2.67	0.05	2.61	8.68	30.7%
2023-12-31	2.69	0.04	2.64	8.59	31.3%
2023-09-30	2.67	0.06	2.62	8.28	32.3%
2023-06-30	2.52	0.05	2.47	8.11	31.1%
2023-03-31	2.50	0.07	2.42	7.97	31.3%
2022-12-31	2.73	0.25	2.49	8.13	33.6%
2022-09-30	2.69	0.05	2.65	7.90	34.1%
2022-06-30	3.03	0.59	2.44	8.11	37.4%
2022-03-31	2.85	0.15	2.69	7.81	36.5%
2021-12-31	2.80	0.08	2.72	7.59	36.8%
2021-09-30	2.79	0.03	2.76	7.46	37.3%
2021-06-30	2.63	0.12	2.51	7.21	36.5%
2021-03-31	2.63	0.08	2.55	7.12	36.9%
2020-12-31	2.66	0.11	2.55	7.04	37.7%
2020-09-30	2.69	0.02	2.67	7.22	37.3%
2020-06-30	2.66	0.56	2.09	7.12	37.3%
2020-03-31	2.40	0.12	2.27	6.71	35.7%
2019-12-31	2.29	0.04	2.25	6.70	34.2%
2019-09-30	2.19	0.02	2.17	6.46	33.9%
2019-06-30	2.13	0.09	2.05	6.34	33.7%
2019-03-31	2.13	0.10	2.03	6.28	34.0%
2018-12-31	2.13	0.11	2.02	6.19	34.5%
2018-09-30	2.13	0.23	1.90	6.04	35.3%
2018-06-30	2.09	0.31	1.77	5.97	34.9%
2018-03-31	2.09	0.23	1.86	5.91	35.3%
2017-12-31	2.08	0.17	1.92	5.79	36.0%
2017-09-30	2.38	0.56	1.83	6.10	39.1%
2017-06-30	2.09	0.29	1.80	5.87	35.6%
2017-03-31	2.09	0.23	1.86	5.80	36.0%
2016-12-31	2.09	0.14	1.95	5.66	36.9%
2016-09-30	2.09	0.13	1.96	5.64	37.0%
2016-06-30	2.09	0.11	1.98	5.54	37.6%
2016-03-31	2.09	0.09	1.99	5.80	35.9%
2015-12-31	2.12	0.04	2.08	6.19	34.2%
2015-09-30	2.08	0.11	1.97	6.56	31.7%
2015-06-30	2.10	0.31	1.79	6.89	30.5%
2015-03-31	1.81	0.07	1.74	7.23	25.0%
2014-12-31	1.82	0.04	1.78	7.15	25.5%
2014-09-30	1.73	0.04	1.70	6.74	25.7%
2014-06-30	1.65	0.10	1.55	6.59	25.0%
2014-03-31	1.65	0.15	1.50	6.57	25.1%
2013-12-31	1.65	0.02	1.63	6.26	26.3%
2013-09-30	1.65	0.06	1.58	6.22	26.5%
2013-06-30	1.65	0.13	1.51	6.34	26.0%
2013-03-31	1.65	0.11	1.54	6.27	26.3%
2012-12-31	1.64	0.06	1.58	6.11	26.8%
2012-09-30	1.57	0.07	1.50	5.94	26.5%
2012-06-30	1.47	0.14	1.33	5.84	25.2%
2012-03-31	1.42	0.19	1.23	5.84	24.3%
2011-12-31	1.42	0.22	1.19	5.75	24.7%
2011-09-30	1.09	0.08	1.01	5.22	20.9%
2011-06-30	1.05	0.18	0.86	5.13	20.4%
2011-03-31	1.05	0.14	0.90	5.18	20.2%
2010-12-31	1.07	0.08	0.99	4.98	21.5%
2010-09-30	1.25	0.40	0.85	5.11	24.5%
2010-06-30	1.25	0.46	0.79	4.95	25.2%
2010-03-31	1.25	0.43	0.82	4.99	25.1%
2009-12-31	1.25	0.40	0.84	4.82	25.9%
2009-09-30	1.25	0.41	0.84	4.77	26.2%
2009-06-30	1.25	0.43	0.82	4.36	28.7%
2009-03-31	1.01	0.09	0.92	4.20	24.1%
2008-12-31	1.17	0.14	1.03	4.22	27.6%
2008-09-30	1.10	0.07	1.03	4.13	26.6%
2008-06-30	1.10	0.26	0.84	4.29	25.6%
2008-03-31	1.00	0.22	0.78	4.16	24.0%
2007-12-31	1.00	0.19	0.81	4.03	24.8%
2007-09-30	1.00	0.19	0.81	3.89	25.7%
2007-06-30	1.00	0.06	0.94	3.79	26.3%
2007-03-31	1.10	0.12	0.97	3.96	27.7%
2006-12-31	1.17	0.05	1.12	3.80	30.7%
2006-09-30	1.12	0.07	1.05	3.76	29.7%
2006-06-30	1.12	0.12	1.00	3.77	29.8%
2006-03-31	1.12	0.10	1.03	3.91	28.7%
2005-12-31	1.20	0.06	1.14	3.89	30.9%
2005-09-30	1.13	0.06	1.07	3.72	30.3%
2005-06-30	1.14	0.06	1.08	3.82	30.0%
2005-03-31	1.25	0.12	1.13	4.03	31.2%
2004-12-31	1.33	0.08	1.25	3.89	34.1%
2004-09-30	1.30	0.07	1.24	3.72	35.1%
2004-06-30	1.29	0.08	1.21	3.74	34.5%
2004-03-31	1.37	0.08	1.29	3.85	35.5%
2003-12-31	1.50	0.08	1.42	3.84	39.0%
2003-09-30	1.51	0.05	1.46	3.73	40.4%
2003-06-30	1.72	0.05	1.66	3.83	44.8%
2003-03-31	1.71	0.07	1.65	3.92	43.7%
2002-12-31	1.58	0.03	1.55	3.53	44.6%
2002-09-30	1.57	0.02	1.55	3.40	46.2%
2002-06-30	1.54	0.02	1.52	3.40	45.4%
2002-03-31	1.60	0.02	1.58	3.44	46.5%
2001-12-31	1.66	0.03	1.63	3.46	48.0%
2001-09-30	1.65	0.04	1.61	3.45	47.8%
2001-06-30	1.62	0.06	1.57	3.60	45.1%
2001-03-31	1.56	0.03	1.53	3.50	44.5%
2000-12-30	1.65	0.04	1.61	3.51	46.9%
2000-09-30	1.58	0.03	1.55	3.24	48.9%
2000-06-30	1.49	0.06	1.43	3.22	46.3%
2000-03-31	1.25	0.04	1.20	2.95	42.3%
1999-12-31	1.34	0.03	1.31	2.92	45.9%
1999-09-30	1.29	0.03	1.26	2.84	45.2%
1999-06-30	1.24	0.04	1.20	2.83	43.8%
1999-03-31	1.25	0.03	1.21	2.85	43.8%
1998-12-31	1.30	0.03	1.27	2.81	46.3%
1998-09-30	1.24	0.03	1.21	2.68	46.0%
1998-06-30	1.15	0.04	1.11	2.68	43.0%
1998-03-31	1.08	0.04	1.04	2.61	41.3%
1997-12-31	0.86	0.04	0.82	2.43	35.3%
1997-09-30	0.78	0.01	0.76	2.27	34.3%
1997-06-30	0.72	0.03	0.69	2.25	31.9%
1997-03-31	0.76	0.03	0.73	2.31	32.7%
1996-12-31	0.83	0.03	0.79	2.30	36.0%
1996-09-30	0.77	0.02	0.75	2.15	36.0%