National Fuel Gas annual operating expenses
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2025
National Fuel Gas Operating Expenses Growth & History (NFG)
National Fuel Gas's operating expenses was $1.19B for fiscal 2025.
View full National Fuel Gas company overviewNational Fuel Gas annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $1.19B | −$155.4M | −11.53% |
| 2024 | 2024-09-30 | $1.35B | $285.4M | +26.87% |
| 2023 | 2023-09-30 | $1.06B | −$792.5M | −42.73% |
| 2022 | 2022-09-30 | $1.85B | $923.8M | +99.23% |
| 2021 | 2021-09-30 | $930.9M | −$585.5M | −38.61% |
| 2020 | 2020-09-30 | $1.52B | $334.9M | +28.35% |
| 2019 | 2019-09-30 | $1.18B | $108.6M | +10.12% |
| 2018 | 2018-09-30 | $1.07B | $86.8M | +8.81% |
| 2017 | 2017-09-30 | $986.1M | −$882.8M | −47.24% |
| 2016 | 2016-09-30 | $1.87B | −$503.0M | −21.21% |
| 2015 | 2015-09-30 | $2.37B | $828.6M | +53.68% |
| 2014 | 2014-09-30 | $1.54B | $231.7M | +17.66% |
| 2013 | 2013-09-30 | $1.31B | $132.9M | +11.27% |
| 2012 | 2012-09-30 | $1.18B | −$158.9M | −11.88% |
| 2011 | 2011-09-30 | $1.34B | $17.6M | +1.34% |
| 2010 | 2010-09-30 | $1.32B | −$503.9M | −27.63% |
| 2009 | 2009-09-30 | $1.82B | −$89.2M | −4.66% |
| 2008 | 2008-09-30 | $1.91B | — | — |
National Fuel Gas quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $235.2M | −$34.0M | −12.64% |
| Q2 2026 | 2026-03-31 | $354.0M | $71.9M | +25.47% |
| Q1 2026 | 2025-12-31 | $276.1M | −$86.2M | −23.78% |
| Q4 2025 | 2025-09-30 | $278.5M | −$245.4M | −46.83% |
| Q3 2025 | 2025-06-30 | $269.2M | −$115.9M | −30.10% |
| Q2 2025 | 2025-03-31 | $282.2M | $80.0M | +39.59% |
| Q1 2025 | 2024-12-31 | $362.3M | $125.9M | +53.27% |
| Q4 2024 | 2024-09-30 | $523.9M | $299.4M | +133.33% |
| Q3 2024 | 2024-06-30 | $385.1M | $204.9M | +113.64% |
| Q2 2024 | 2024-03-31 | $202.1M | −$65.9M | −24.58% |
| Q1 2024 | 2023-12-31 | $236.4M | −$152.9M | −39.28% |
| Q4 2023 | 2023-09-30 | $224.5M | −$583.9M | −72.23% |
| Q3 2023 | 2023-06-30 | $180.3M | −$73.7M | −29.02% |
| Q2 2023 | 2023-03-31 | $268.0M | −$187.3M | −41.14% |
| Q1 2023 | 2022-12-31 | $389.3M | $52.4M | +15.56% |
| Q4 2022 | 2022-09-30 | $808.4M | $704.9M | +681.05% |
| Q3 2022 | 2022-06-30 | $254.0M | $9.7M | +3.95% |
| Q2 2022 | 2022-03-31 | $455.4M | $118.3M | +35.09% |
| Q1 2022 | 2021-12-31 | $336.9M | $90.9M | +36.95% |
| Q4 2021 | 2021-09-30 | $103.5M | −$358.5M | −77.59% |
| Q3 2021 | 2021-06-30 | $244.3M | $1.7M | +0.70% |
| Q2 2021 | 2021-03-31 | $337.1M | −$178.6M | −34.63% |
| Q1 2021 | 2020-12-31 | $246.0M | −$50.2M | −16.94% |
| Q4 2020 | 2020-09-30 | $462.0M | $252.6M | +120.61% |
| Q3 2020 | 2020-06-30 | $242.6M | −$1.8M | −0.72% |
| Q2 2020 | 2020-03-31 | $515.7M | $116.5M | +29.18% |
| Q1 2020 | 2019-12-31 | $296.2M | −$32.4M | −9.86% |
| Q4 2019 | 2019-09-30 | $209.4M | $4.9M | +2.38% |
| Q3 2019 | 2019-06-30 | $244.4M | $15.5M | +6.76% |
| Q2 2019 | 2019-03-31 | $399.2M | $29.9M | +8.09% |
| Q1 2019 | 2018-12-31 | $328.6M | $58.4M | +21.61% |
| Q4 2018 | 2018-09-30 | $204.5M | $45.9M | +28.95% |
| Q3 2018 | 2018-06-30 | $228.9M | $3.9M | +1.73% |
| Q2 2018 | 2018-03-31 | $369.3M | $17.2M | +4.88% |
| Q1 2018 | 2017-12-31 | $270.2M | $19.8M | +7.92% |
| Q4 2017 | 2017-09-30 | $158.6M | −$52.6M | −24.91% |
| Q3 2017 | 2017-06-30 | $225.0M | −$65.4M | −22.53% |
| Q2 2017 | 2017-03-31 | $352.1M | −$334.0M | −48.68% |
| Q1 2017 | 2016-12-31 | $250.4M | −$430.8M | −63.24% |
| Q4 2016 | 2016-09-30 | $211.2M | −$416.6M | −66.35% |
| Q3 2016 | 2016-06-30 | $290.5M | −$538.6M | −64.96% |
| Q2 2016 | 2016-03-31 | $686.1M | $134.3M | +24.35% |
| Q1 2016 | 2015-12-31 | $681.1M | $317.8M | +87.46% |
| Q4 2015 | 2015-09-30 | $627.8M | $363.2M | +137.24% |
| Q3 2015 | 2015-06-30 | $829.0M | $515.9M | +164.75% |
| Q2 2015 | 2015-03-31 | $551.8M | −$24.4M | −4.23% |
| Q1 2015 | 2014-12-31 | $363.3M | −$26.1M | −6.71% |
| Q4 2014 | 2014-09-30 | $264.6M | $22.4M | +9.24% |
| Q3 2014 | 2014-06-30 | $313.1M | $127,000 | +0.04% |
| Q2 2014 | 2014-03-31 | $576.2M | $141.3M | +32.50% |
| Q1 2014 | 2013-12-31 | $389.5M | $67.8M | +21.09% |
| Q4 2013 | 2013-09-30 | $242.2M | $36.2M | +17.59% |
| Q3 2013 | 2013-06-30 | $313.0M | $74.4M | +31.20% |
| Q2 2013 | 2013-03-31 | $434.8M | $14.6M | +3.48% |
| Q1 2013 | 2012-12-31 | $321.6M | $7.6M | +2.43% |
| Q4 2012 | 2012-09-30 | $206.0M | −$4.8M | −2.30% |
| Q3 2012 | 2012-06-30 | $238.6M | −$47.6M | −16.64% |
| Q2 2012 | 2012-03-31 | $420.2M | −$86.9M | −17.14% |
| Q1 2012 | 2011-12-31 | $314.0M | −$19.5M | −5.85% |
| Q4 2011 | 2011-09-30 | $210.8M | −$1.6M | −0.73% |
| Q3 2011 | 2011-06-30 | $286.2M | $23.4M | +8.89% |
| Q2 2011 | 2011-03-31 | $507.1M | −$9.2M | −1.79% |
| Q1 2011 | 2010-12-31 | $333.5M | $5.0M | +1.53% |
| Q4 2010 | 2010-09-30 | $212.4M | — | — |
| Q3 2010 | 2010-06-30 | $262.8M | −$17.1M | −6.10% |
| Q2 2010 | 2010-03-31 | $516.3M | — | — |
| Q1 2010 | 2009-12-31 | $328.5M | — | — |
| Q3 2009 | 2009-06-30 | $279.9M | — | — |
National Fuel Gas operating expenses trends
Over the last five fiscal years, National Fuel Gas's operating expenses decreased from $1.52B to $1.19B, a change of −$324.2M. The latest reported quarter, Q3 2026, shows $235.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review National Fuel Gas source filings ↗