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National Fuel Gas (NFG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2025, National Fuel Gas (NFG - Free Report) reported revenue of $456.41 million, up 22.7% over the same period last year. EPS came in at $1.22, compared to $0.77 in the year-ago quarter.

The reported revenue represents a surprise of -16.59% over the Zacks Consensus Estimate of $547.21 million. With the consensus EPS estimate being $1.08, the EPS surprise was +12.96%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how National Fuel Gas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total Production: 111,538.00 MMcfe compared to the 108,291.90 MMcfe average estimate based on two analysts.
  • Total Production - Gas: 111,538.00 MMcf versus the two-analyst average estimate of 108,291.90 MMcf.
  • Total Operating Revenues- Pipeline and Storage: $105.84 million versus the two-analyst average estimate of $104.7 million. The reported number represents a year-over-year change of +1.2%.
  • Total Operating Revenues- Utility: $87.91 million versus $99.98 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10% change.
  • Revenue from External Customers- Pipeline and Storage: $68.22 million versus the two-analyst average estimate of $66.99 million. The reported number represents a year-over-year change of +1.3%.
  • Revenue from External Customers- Utility: $87.83 million versus the two-analyst average estimate of $99.95 million. The reported number represents a year-over-year change of +10%.
  • Intersegment Revenues- Pipeline and Storage: $37.62 million compared to the $37.71 million average estimate based on two analysts. The reported number represents a change of +1.1% year over year.

View all Key Company Metrics for National Fuel Gas here>>>

Shares of National Fuel Gas have returned -10% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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