National Fuel Gas Company (NFG) — Cash Flow Quality Index
National Fuel Gas Company (NFG) has a Cash Flow Quality Index of 1.51x as of December 2025. Operating cash flow of $274.92 Million exceeds net income of $181.65 Million, indicating high earnings quality where cash backs reported profits. Explore National Fuel Gas Company long-term investment intensity to see how much of total assets are deployed in long-term investments.
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 National Fuel Gas Company (NFG) tangible net worth to evaluate the tangible quality of the company's equity base.
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 National Fuel Gas Company (NFG) total market value.
| 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 | — |