National Fuel Gas Company (NFG) — Capital Reinvestment Ratio
Latest as of March 2026:
0.58x
National Fuel Gas Company (NFG) has a Capital Reinvestment Ratio of 0.58x as of March 2026, meaning it reinvests 1% of its operating cash flow ($382.36 Million) in capital expenditures ($220.64 Million). See National Fuel Gas Company (NFG) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.58x
Capex / Operating Cash Flow
Operating Cash Flow
$382.36 Million
USD
Capital Expenditures
$220.64 Million
USD
Data as of
Mar 2026
Most recent filing
National Fuel Gas Company Capital Reinvestment Ratio (1994–2025)
This chart tracks National Fuel Gas Company's Capital Reinvestment Ratio across 32 annual periods.
Annual Capital Reinvestment Ratio for National Fuel Gas Company (1994–2025)
Year-by-year Capital Reinvestment Ratio for National Fuel Gas Company from 1994 to 2025. For live market cap and broader valuation context, see NFG company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.83x | $1.10 Billion | $912.82 Million | ▼ -5.0% |
| 2024 | 0.87x | $1.07 Billion | $931.24 Million | ▲ +7.0% |
| 2023 | 0.82x | $1.24 Billion | $1.01 Billion | ▼ -18.3% |
| 2022 | 1.00x | $812.52 Million | $811.83 Million | ▲ +5.2% |
| 2021 | 0.95x | $791.55 Million | $751.73 Million | ▼ -42.4% |
| 2020 | 1.65x | $740.81 Million | $1.22 Billion | ▲ +45.3% |
| 2019 | 1.14x | $694.48 Million | $788.94 Million | ▲ +19.7% |
| 2018 | 0.95x | $615.30 Million | $584.00 Million | ▲ +44.3% |
| 2017 | 0.66x | $684.51 Million | $450.33 Million | ▼ -33.4% |
| 2016 | 0.99x | $588.98 Million | $581.58 Million | ▼ -17.2% |
| 2015 | 1.19x | $853.58 Million | $1.02 Billion | ▲ +18.6% |
| 2014 | 1.01x | $909.39 Million | $914.42 Million | ▲ +5.6% |
| 2013 | 0.95x | $738.57 Million | $703.46 Million | ▼ -39.3% |
| 2012 | 1.57x | $660.79 Million | $1.04 Billion | ▲ +27.1% |
| 2011 | 1.23x | $678.68 Million | $837.61 Million | ▲ +24.5% |
| 2010 | 0.99x | $459.69 Million | $455.76 Million | ▲ +95.0% |
| 2009 | 0.51x | $609.43 Million | $309.93 Million | ▼ -38.3% |
| 2008 | 0.82x | $482.78 Million | $397.73 Million | ▲ +17.4% |
| 2007 | 0.70x | $394.20 Million | $276.73 Million | ▲ +12.5% |
| 2006 | 0.62x | $471.40 Million | $294.16 Million | ▼ -9.8% |
| 2005 | 0.69x | $317.35 Million | $219.53 Million | ▲ +75.5% |
| 2004 | 0.39x | $437.15 Million | $172.34 Million | ▼ -15.4% |
| 2003 | 0.47x | $326.84 Million | $152.25 Million | ▼ -30.7% |
| 2002 | 0.67x | $345.55 Million | $232.37 Million | ▼ -4.9% |
| 2001 | 0.71x | $414.14 Million | $292.71 Million | ▼ -37.5% |
| 2000 | 1.13x | $238.25 Million | $269.37 Million | ▲ +18.0% |
| 1999 | 0.96x | $271.90 Million | $260.50 Million | ▼ -38.4% |
| 1998 | 1.55x | $253.00 Million | $393.20 Million | ▲ +114.0% |
| 1997 | 0.73x | $294.70 Million | $214.00 Million | ▼ -28.7% |
| 1996 | 1.02x | $168.50 Million | $171.60 Million | ▼ -3.3% |
| 1995 | 1.05x | $173.50 Million | $182.80 Million | ▲ +55.3% |
| 1994 | 0.68x | $199.20 Million | $135.10 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow