Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.58B | $1.59B | $1.69B | $1.55B | $1.74B | $3.06B | $2.25B | $1.71B | $2.22B |
| Revenue growth | — | 8.8% | 0.8% | 6.3% | -8.7% | 12.7% | 75.7% | -26.3% | -24.3% | 30.0% |
| Operating income | -$417M | $594M | $520M | $512M | $29.9M | $640M | $815M | $755M | $210M | $813M |
| Operating margin | -28.7% | 37.6% | 32.6% | 30.2% | 1.9% | 36.7% | 26.6% | 33.5% | 12.3% | 36.7% |
| Net income | -$291M | $283M | $392M | $304M | -$124M | $364M | $566M | $477M | $77.5M | $519M |
| Net margin | -20.0% | 17.9% | 24.6% | 18.0% | -8.0% | 20.9% | 18.5% | 21.1% | 4.5% | 23.4% |
| EPS (diluted) | -$3.43 | $3.30 | $4.53 | $3.51 | -$1.41 | $3.97 | $6.15 | $5.17 | $0.84 | $5.68 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $589M | $685M | $615M | $694M | $741M | $792M | $813M | $1.24B | $1.07B | $1.10B |
| Capital expenditures | $582M | $450M | $584M | $789M | $716M | $752M | $812M | $1.01B | $931M | $913M |
| Free cash flow | $7.40M | $234M | $31.3M | -$94.5M | $24.7M | $39.8M | $695K | $227M | $135M | $187M |
| Share buybacks | — | — | — | — | — | — | $0.00 | $0.00 | $64.1M | $54.4M |
| Dividends paid | $135M | $139M | $143M | $147M | $153M | $163M | $168M | $176M | $184M | $188M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $130M | $556M | $230M | $20.4M | $20.5M | $31.5M | $46.0M | $55.4M | $38.2M | $43.2M |
| Total assets | $5.64B | $6.10B | $6.04B | $6.46B | $6.96B | $7.46B | $7.90B | $8.28B | $8.32B | $8.72B |
| Long-term debt | $2.09B | $2.08B | $2.13B | $2.13B | $2.63B | $2.63B | $2.08B | $2.38B | $2.19B | $2.38B |
| Shareholders' equity | $1.53B | $1.70B | $1.94B | $2.14B | $1.97B | $1.79B | $2.08B | $2.96B | $2.85B | $3.09B |
| Retained earnings | $676M | $852M | $1.10B | $1.27B | $992M | $1.19B | $1.59B | $1.89B | $1.73B | $2.01B |
| Shares (wtd avg diluted) | 84.8M | 86.0M | 86.4M | 86.8M | 88.0M | 91.7M | 92.1M | 92.3M | 92.3M | 91.2M |
Every figure is extracted from NATIONAL FUEL GAS CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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