National Fuel Gas Company Cash Flow Quality Index
National Fuel Gas Company cash flow quality index. National Fuel Gas Company (NFG) has a Cash Flow Quality Index of 2.72x as of June 2026. Operating cash flow of $377.26 Million exceeds net income of $138.62 Million, indicating high earnings quality where cash backs reported profits. Explore National Fuel Gas Company (NFG) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of National Fuel Gas Company (1994–2025)
Cash flow quality index of National Fuel Gas Company from 1994 to 2025. Historical Cash Flow Quality Index for National Fuel Gas Company across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. See NFG net asset quality score to measure how much of total assets are equity-financed.
National Fuel Gas Company Cash Flow Quality Index by Year (1994–2025)
National Fuel Gas Company cash flow quality index by year from 1994 to 2025. Year-by-year earnings quality comparison for National Fuel Gas Company. For the full cash flow conversion analysis, see National Fuel Gas Company (NFG) cash conversion ratio.
| 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 | — |