National Fuel Gas Company (NFG) — Cash Flow Reinvestment Rate
National Fuel Gas Company (NFG) has a Cash Flow Reinvestment Rate of 1.01x as of December 2025, reinvesting $277.63 Million (capex $277.63 Million ) from operating cash flow of $274.92 Million. Explore reinvestment intensity of National Fuel Gas Company to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
National Fuel Gas Company Cash Flow Reinvestment Rate (1994–2025)
Historical reinvestment intensity for National Fuel Gas Company across 32 annual periods. Also explore NFG total assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for National Fuel Gas Company (1994–2025)
Year-by-year capital reinvestment analysis for National Fuel Gas Company. For live market cap and broader valuation context, see how much is National Fuel Gas Company worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.64x | $1.80 Billion | $1.10 Billion | $912.82 Million | ▼ -6.2% |
| 2024 | 1.75x | $1.87 Billion | $1.07 Billion | $931.24 Million | ▲ +2.0% |
| 2023 | 1.72x | $2.12 Billion | $1.24 Billion | $1.01 Billion | ▲ +4.8% |
| 2022 | 1.64x | $1.33 Billion | $812.52 Million | $811.83 Million | ▼ -6.4% |
| 2021 | 1.75x | $1.38 Billion | $791.55 Million | $751.73 Million | ▼ -47.0% |
| 2020 | 3.30x | $2.45 Billion | $740.81 Million | $1.22 Billion | ▲ +44.4% |
| 2019 | 2.29x | $1.59 Billion | $694.48 Million | $788.94 Million | ▲ +26.4% |
| 2018 | 1.81x | $1.11 Billion | $615.30 Million | $584.00 Million | ▲ +41.8% |
| 2017 | 1.28x | $872.90 Million | $684.51 Million | $450.33 Million | ▼ -27.4% |
| 2016 | 1.76x | $1.04 Billion | $588.98 Million | $581.58 Million | ▲ +47.3% |
| 2015 | 1.19x | $1.02 Billion | $853.58 Million | $1.02 Billion | ▲ +18.6% |
| 2014 | 1.01x | $914.42 Million | $909.39 Million | $914.42 Million | ▲ +5.6% |
| 2013 | 0.95x | $703.46 Million | $738.57 Million | $703.46 Million | ▼ -39.3% |
| 2012 | 1.57x | $1.04 Billion | $660.79 Million | $1.04 Billion | ▲ +18.7% |
| 2011 | 1.32x | $896.98 Million | $678.68 Million | $837.61 Million | ▲ +33.3% |
| 2010 | 0.99x | $455.76 Million | $459.69 Million | $455.76 Million | ▲ +95.0% |
| 2009 | 0.51x | $309.93 Million | $609.43 Million | $309.93 Million | ▼ -38.3% |
| 2008 | 0.82x | $397.73 Million | $482.78 Million | $397.73 Million | ▲ +17.4% |
| 2007 | 0.70x | $276.73 Million | $394.20 Million | $276.73 Million | ▲ +12.5% |
| 2006 | 0.62x | $294.16 Million | $471.40 Million | $294.16 Million | ▼ -9.8% |
| 2005 | 0.69x | $219.53 Million | $317.35 Million | $219.53 Million | ▲ +75.5% |
| 2004 | 0.39x | $172.34 Million | $437.15 Million | $172.34 Million | ▼ -15.4% |
| 2003 | 0.47x | $152.25 Million | $326.84 Million | $152.25 Million | ▼ -30.7% |
| 2002 | 0.67x | $232.37 Million | $345.55 Million | $232.37 Million | ▼ -4.9% |
| 2001 | 0.71x | $292.71 Million | $414.14 Million | $292.71 Million | ▼ -37.5% |
| 2000 | 1.13x | $269.37 Million | $238.25 Million | $269.37 Million | ▲ +18.0% |
| 1999 | 0.96x | $260.50 Million | $271.90 Million | $260.50 Million | ▼ -38.4% |
| 1998 | 1.55x | $393.20 Million | $253.00 Million | $393.20 Million | ▲ +114.0% |
| 1997 | 0.73x | $214.00 Million | $294.70 Million | $214.00 Million | ▼ -28.7% |
| 1996 | 1.02x | $171.60 Million | $168.50 Million | $171.60 Million | ▼ -3.3% |
| 1995 | 1.05x | $182.80 Million | $173.50 Million | $182.80 Million | ▲ +55.3% |
| 1994 | 0.68x | $135.10 Million | $199.20 Million | $135.10 Million | — |