National Fuel Gas Company (NFG) — Cash Flow Quality Index
National Fuel Gas Company (NFG) has a Cash Flow Quality Index of 1.54x as of March 2026. Operating cash flow of $382.36 Million exceeds net income of $247.67 Million, indicating high earnings quality where cash backs reported profits. Explore how efficiently does National Fuel Gas Company generate cash to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
National Fuel Gas Company Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for National Fuel Gas Company across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check cash flow reinvestment rate of National Fuel Gas Company to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for National Fuel Gas Company (1994–2025)
Year-by-year earnings quality comparison for National Fuel Gas Company. For live market cap and the full company financial profile, see NFG stock market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.12x | $1.10 Billion | $518.50 Million | ▼ -84.6% |
| 2024 | 13.75x | $1.07 Billion | $77.51 Million | ▲ +430.1% |
| 2023 | 2.59x | $1.24 Billion | $476.87 Million | ▲ +80.7% |
| 2022 | 1.44x | $812.52 Million | $566.02 Million | ▼ -34.1% |
| 2021 | 2.18x | $791.55 Million | $363.65 Million | ▼ -4.6% |
| 2019 | 2.28x | $694.48 Million | $304.29 Million | ▲ +45.2% |
| 2018 | 1.57x | $615.30 Million | $391.52 Million | ▼ -34.9% |
| 2017 | 2.41x | $684.51 Million | $283.48 Million | ▼ -20.5% |
| 2014 | 3.04x | $909.39 Million | $299.41 Million | ▲ +6.9% |
| 2013 | 2.84x | $738.57 Million | $260.00 Million | ▼ -5.4% |
| 2012 | 3.00x | $660.79 Million | $220.08 Million | ▲ +14.3% |
| 2011 | 2.63x | $678.68 Million | $258.40 Million | ▲ +25.2% |
| 2010 | 2.10x | $459.69 Million | $219.13 Million | ▼ -65.3% |
| 2009 | 6.05x | $609.43 Million | $100.71 Million | ▲ +236.8% |
| 2008 | 1.80x | $482.78 Million | $268.73 Million | ▲ +53.8% |
| 2007 | 1.17x | $394.20 Million | $337.45 Million | ▼ -65.8% |
| 2006 | 3.41x | $471.40 Million | $138.09 Million | ▲ +103.8% |
| 2005 | 1.67x | $317.35 Million | $189.49 Million | ▼ -36.2% |
| 2004 | 2.62x | $437.15 Million | $166.59 Million | ▲ +43.7% |
| 2003 | 1.83x | $326.84 Million | $178.94 Million | ▼ -37.8% |
| 2002 | 2.94x | $345.55 Million | $117.68 Million | ▼ -53.6% |
| 2001 | 6.32x | $414.14 Million | $65.50 Million | ▲ +237.6% |
| 2000 | 1.87x | $238.25 Million | $127.21 Million | ▼ -20.8% |
| 1999 | 2.36x | $271.90 Million | $115.00 Million | ▼ -69.8% |
| 1998 | 7.83x | $253.00 Million | $32.30 Million | ▲ +204.9% |
| 1997 | 2.57x | $294.70 Million | $114.70 Million | ▲ +59.6% |
| 1996 | 1.61x | $168.50 Million | $104.70 Million | ▼ -29.6% |
| 1995 | 2.29x | $173.50 Million | $75.90 Million | ▼ -5.4% |
| 1994 | 2.42x | $199.20 Million | $82.40 Million | — |