National Fuel Gas Company Cash Flow Reinvestment Rate
National Fuel Gas Company cash flow reinvestment rate. National Fuel Gas Company (NFG) has a Cash Flow Reinvestment Rate of 0.71x as of June 2026, reinvesting $266.25 Million (capex $266.25 Million ) from operating cash flow of $377.26 Million. See NFG free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Cash Flow Reinvestment Rate of National Fuel Gas Company (1994–2025)
Cash flow reinvestment rate of National Fuel Gas Company from 1994 to 2025. Historical reinvestment intensity for National Fuel Gas Company across 32 annual periods. Explore NFG operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
National Fuel Gas Company Cash Flow Reinvestment Rate by Year (1994–2025)
National Fuel Gas Company cash flow reinvestment rate by year from 1994 to 2025. Year-by-year capital reinvestment analysis for National Fuel Gas Company. For the full cash flow conversion analysis, see National Fuel Gas Company (NFG) cash flow conversion.
| 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 | — |