National Fuel Gas (NFG)
NYSEUtilitiesOil & Gas IntegratedSnapshot 2026-10-30
$79.55+0.24%
Close 2026-10-30 · 1-day change
NYSEUtilitiesOil & Gas IntegratedSnapshot 2026-10-30
Research Workspace
Put NFG beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Utilities is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskMostly healthy — no soft spokes
NFG’s case rests on steady financial performance and a planned spin-off to improve capital efficiency. Revenue grew 17% year over year in Q2 FY2026; third-quarter fiscal 2026 earnings beat consensus. NFG trades at 11× P/E versus a 23× peer median, though the desk says peer comparisons overstate its cheapness. The price reflects less growth than our forecast. A 22% next-quarter miss probability and frequent disruptive corporate change threaten the case. The 12-month read says peer multiples imply a price roughly in line with where it trades (about fair). Our read remains intact; this read is provisional.
Trailing returns as of 2026-10-30. NFG is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 4 analysts currently covering NFG (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Continue this research
Compare NFG with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| NFG Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Gas Utilities — fair value, gap to price, and forward P/E.
Compare the value case
Put NFG next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Improve capital efficiency in Integrated Upstream & Gathering
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Spin-off enhances capital efficiency in Integrated Upstream & Gathering.
Advances: Improve capital efficiency in Integrated Upstream & Gathering
Spinning off unit enhances capital efficiency.
Spinoff could enhance focus and growth potential.
Exploring options could enhance growth and capital allocation.
Advances: Maintain and grow adjusted EPS 7-10% CAGR through 2029
Lower rates may enhance earnings and support EPS growth.
Advances: Maintain and grow adjusted EPS 7-10% CAGR through 2029
Confirms EPS growth target aligns with management's objectives.
Advances: Complete CenterPoint Ohio acquisition
Acquisition supports growth objective.
Threatens: Enhance operating income
Downgrade indicates operational concerns.