National Fuel Gas annual net debt
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2025
National Fuel Gas Net Debt Growth & History (NFG)
National Fuel Gas's net debt was $2.83B for fiscal 2025.
View full National Fuel Gas company overviewNational Fuel Gas annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $2.83B | $46.2M | +1.66% |
| 2024 | 2024-09-30 | $2.78B | $128.8M | +4.85% |
| 2023 | 2023-09-30 | $2.66B | −$27.5M | −1.02% |
| 2022 | 2022-09-30 | $2.68B | −$95.8M | −3.45% |
| 2021 | 2021-09-30 | $2.78B | $120.5M | +4.53% |
| 2020 | 2020-09-30 | $2.66B | $490.3M | +22.61% |
| 2019 | 2019-09-30 | $2.17B | $266.7M | +14.03% |
| 2018 | 2018-09-30 | $1.90B | $73.6M | +4.03% |
| 2017 | 2017-09-30 | $1.83B | −$128.1M | −6.55% |
| 2016 | 2016-09-30 | $1.96B | −$29.1M | −1.47% |
| 2015 | 2015-09-30 | $1.99B | $287.7M | +16.95% |
| 2014 | 2014-09-30 | $1.70B | $113.6M | +7.17% |
| 2013 | 2013-09-30 | $1.58B | $88.6M | +5.93% |
| 2012 | 2012-09-30 | $1.50B | $486.9M | +48.28% |
| 2011 | 2011-09-30 | $1.01B | $156.7M | +18.40% |
| 2010 | 2010-09-30 | $851.8M | $12.9M | +1.54% |
| 2009 | 2009-09-30 | $838.9M | — | — |
National Fuel Gas quarterly net debt
Q4.09
Q3.10
Q4.10
Q1.11
Q2.11
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Q2.12
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Q2.22
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Q1.24
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Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $2.33B | −$371.8M | −13.75% |
| Q2 2026 | 2026-03-31 | $2.40B | −$500.0M | −17.24% |
| Q1 2026 | 2025-12-31 | $2.50B | −$338.2M | −11.91% |
| Q4 2025 | 2025-09-30 | $2.83B | $46.2M | +1.66% |
| Q3 2025 | 2025-06-30 | $2.70B | $98.3M | +3.77% |
| Q2 2025 | 2025-03-31 | $2.90B | $284.9M | +10.89% |
| Q1 2025 | 2024-12-31 | $2.84B | $196.9M | +7.45% |
| Q4 2024 | 2024-09-30 | $2.78B | $128.8M | +4.85% |
| Q3 2024 | 2024-06-30 | $2.61B | $136.9M | +5.55% |
| Q2 2024 | 2024-03-31 | $2.61B | $191.0M | +7.88% |
| Q1 2024 | 2023-12-31 | $2.64B | $154.9M | +6.23% |
| Q4 2023 | 2023-09-30 | $2.66B | −$27.5M | −1.02% |
| Q3 2023 | 2023-06-30 | $2.47B | −$130.1M | −5.01% |
| Q2 2023 | 2023-03-31 | $2.42B | −$372.3M | −13.31% |
| Q1 2023 | 2022-12-31 | $2.49B | −$227.6M | −8.38% |
| Q4 2022 | 2022-09-30 | $2.68B | −$95.8M | −3.45% |
| Q3 2022 | 2022-06-30 | $2.60B | $89.0M | +3.55% |
| Q2 2022 | 2022-03-31 | $2.80B | $249.4M | +9.79% |
| Q1 2022 | 2021-12-31 | $2.72B | $170.5M | +6.70% |
| Q4 2021 | 2021-09-30 | $2.78B | $120.5M | +4.53% |
| Q3 2021 | 2021-06-30 | $2.51B | $419.9M | +20.09% |
| Q2 2021 | 2021-03-31 | $2.55B | $275.0M | +12.11% |
| Q1 2021 | 2020-12-31 | $2.55B | $288.2M | +12.76% |
| Q4 2020 | 2020-09-30 | $2.66B | $490.3M | +22.61% |
| Q3 2020 | 2020-06-30 | $2.09B | $44.3M | +2.17% |
| Q2 2020 | 2020-03-31 | $2.27B | $239.7M | +11.80% |
| Q1 2020 | 2019-12-31 | $2.26B | $235.8M | +11.66% |
| Q4 2019 | 2019-09-30 | $2.17B | $266.7M | +14.03% |
| Q3 2019 | 2019-06-30 | $2.05B | $273.3M | +15.42% |
| Q2 2019 | 2019-03-31 | $2.03B | $174.8M | +9.41% |
| Q1 2019 | 2018-12-31 | $2.02B | $104.0M | +5.42% |
| Q4 2018 | 2018-09-30 | $1.90B | $73.6M | +4.03% |
| Q3 2018 | 2018-06-30 | $1.77B | −$30.4M | −1.68% |
| Q2 2018 | 2018-03-31 | $1.86B | $2.09B | — |
| Q1 2018 | 2017-12-31 | $1.92B | $2.05B | — |
| Q4 2017 | 2017-09-30 | $1.83B | −$128.1M | −6.55% |
| Q3 2017 | 2017-06-30 | $1.80B | $1.91B | — |
| Q2 2017 | 2017-03-31 | −$231.2M | −$137.5M | — |
| Q1 2017 | 2016-12-31 | −$136.5M | −$131.6M | — |
| Q4 2016 | 2016-09-30 | $1.96B | −$29.1M | −1.47% |
| Q3 2016 | 2016-06-30 | −$105.6M | −$1.89B | — |
| Q2 2016 | 2016-03-31 | −$93.7M | −$1.83B | — |
| Q1 2016 | 2015-12-31 | −$4.9M | −$1.78B | — |
| Q4 2015 | 2015-09-30 | $1.99B | $287.7M | +16.95% |
| Q3 2015 | 2015-06-30 | $1.79B | $242.6M | +15.69% |
| Q2 2015 | 2015-03-31 | $1.74B | $238.9M | +15.95% |
| Q1 2015 | 2014-12-31 | $1.78B | $152.9M | +9.41% |
| Q4 2014 | 2014-09-30 | $1.70B | $113.6M | +7.17% |
| Q3 2014 | 2014-06-30 | $1.55B | $31.9M | +2.11% |
| Q2 2014 | 2014-03-31 | $1.50B | −$38.5M | −2.50% |
| Q1 2014 | 2013-12-31 | $1.63B | $49.1M | +3.12% |
| Q4 2013 | 2013-09-30 | $1.58B | $88.6M | +5.93% |
| Q3 2013 | 2013-06-30 | $1.51B | $186.0M | +14.00% |
| Q2 2013 | 2013-03-31 | $1.54B | $309.8M | +25.26% |
| Q1 2013 | 2012-12-31 | $1.58B | $381.2M | +31.91% |
| Q4 2012 | 2012-09-30 | $1.50B | $486.9M | +48.28% |
| Q3 2012 | 2012-06-30 | $1.33B | $464.1M | +53.70% |
| Q2 2012 | 2012-03-31 | $1.23B | $322.5M | +35.67% |
| Q1 2012 | 2011-12-31 | $1.19B | $204.9M | +20.70% |
| Q4 2011 | 2011-09-30 | $1.01B | $156.7M | +18.40% |
| Q3 2011 | 2011-06-30 | $864.3M | $74.1M | +9.38% |
| Q2 2011 | 2011-03-31 | $904.2M | — | — |
| Q1 2011 | 2010-12-31 | $989.9M | — | — |
| Q4 2010 | 2010-09-30 | $851.8M | $10.9M | +1.29% |
| Q3 2010 | 2010-06-30 | $790.2M | — | — |
| Q4 2009 | 2009-09-30 | $840.9M | — | — |
National Fuel Gas net debt trends
Over the last five fiscal years, National Fuel Gas's net debt increased from $2.66B to $2.83B, a change of $172.3M. The latest reported quarter, Q3 2026, shows $2.33B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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