National Fuel Gas Company revenue by segment NFG

Annual Quarterly

National Fuel Gas Company splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Sep 30, 2025 was Integrated Upstream And Gathering And Other at $1.2 billion, 53% of the total. By sales mix, the largest line in fiscal 2025, which ended Sep 30, 2025 was Natural Gas Production at $1.1 billion, 50% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Sep 30, 2025	FY 2024 Sep 30, 2024	FY 2023 Sep 30, 2023	FY 2022 Sep 30, 2022	FY 2021 Sep 30, 2021	FY 2020 Sep 30, 2020	FY 2019 Sep 30, 2019	FY 2018 Sep 30, 2018	FY 2017 Sep 30, 2017	FY 2016 Sep 30, 2016
Revenue	2,463	2,219	1,707	2,255	2,186	1,743	1,546	1,693	1,593	—	—
Operating segments
Integrated Upstream And Gathering And Other	—	1,184 +21.2% share 53.4%	977 +0.4% share 57.2%	972 share 43.1%	—	—	—	—	—	—	—
Utility	—	817 +17.3% share 36.8%	697 -26.0% share 40.8%	942 share 41.8%	—	656 +1.8% share 37.7%	644 -11.6% share 41.7%	729 share 43.0%	—	—	—
Pipeline And Storage	—	276 +1.7% share 12.4%	271 +4.5% share 15.9%	260 share 11.5%	—	344 +11.0% share 19.7%	310 +7.4% share 20.0%	288 share 17.0%	—	—	—
Sales mix
Natural Gas Production	1,206 +21.3% share 49.0%	1,104 +49.5% share 49.8%	739 share 43.3%	—	1,731 +121.8% share 79.2%	780 share 44.8%	—	—	—	—	—
Natural Gas Residential Sales	707 +20.2% share 28.7%	597 +18.7% share 26.9%	503 -30.9% share 29.4%	728 +5.7% share 32.3%	688 +39.7% share 31.5%	493 +3.5% share 28.3%	476 -11.9% share 30.8%	540 share 31.9%	—	—	—
Oil And Gas Service	336 +3.8% share 13.7%	325 +2.9% share 14.7%	316 +3.1% share 18.5%	307 -4.7% share 13.6%	322 share 14.7%	—	229 share 14.8%	—	—	—	—
Natural Gas Commercial Sales	100 +20.0% share 4.1%	85 +23.4% share 3.8%	68 -33.7% share 4.0%	103 +8.6% share 4.6%	95 +51.9% share 4.4%	63 +2.3% share 3.6%	61 -16.5% share 4.0%	73 share 4.3%	—	—	—
Natural Gas Storage	58 +1.3% share 2.4%	58 +5.2% share 2.6%	55 +12.9% share 3.2%	49 +1.0% share 2.2%	48 -42.0% share 2.2%	83 +5.1% share 4.8%	79 share 5.1%	—	—	—	—
Product And Service Other	36 +100.1% share 1.5%	31 +614.6% share 1.4%	4 -52.2% share 0.3%	9 +55.8% share 0.4%	6 +185.2% share 0.3%	2 +86.1% share 0.1%	1 -31.8% share 0.1%	2 share 0.1%	—	—	—
Natural Gas Midstream	12 -6.8% share 0.5%	12 -24.0% share 0.5%	16 share 0.9%	—	12 -93.7% share 0.6%	193 share 11.1%	—	127 share 7.5%	—	—	—
Natural Gas Industrial Sales	5 +18.1% share 0.2%	4 +42.0% share 0.2%	3 -45.2% share 0.2%	6 +15.3% share 0.3%	5 share 0.2%	—	3 -31.9% share 0.2%	5 share 0.3%	—	—	—
Productionof Crude Oil	1 -43.6% share 0.0%	2 -20.1% share 0.1%	2 +1.6% share 0.1%	2 -98.5% share 0.1%	151 +11.7% share 6.9%	135 +25.4% share 7.8%	108 share 7.0%	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Natural Gas Distribution (SIC 4924)
Listed as: NFG (NYSE)
Fiscal year ends: September 30
Incorporated in: NJ
Headquarters: Williamsville, NY
SEC filer status: Large accelerated filer
SEC CIK: 70145

Other Natural Gas Distribution companies

All 15 Natural Gas Distribution companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.