National Fuel Gas Company (NFG) — Financial Flexibility Index
National Fuel Gas Company (NFG) has a Financial Flexibility Index of 0.10x as of June 2026. Free cash flow of $643.50 Million (operating CF $377.26 Million minus capex $266.25 Million) represents 0% of total liabilities ($6.53 Billion). Check National Fuel Gas Company (NFG) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
National Fuel Gas Company Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for National Fuel Gas Company across 32 annual periods. For the full cash flow conversion analysis, see how efficiently does National Fuel Gas Company generate cash.
Annual Financial Flexibility Index for National Fuel Gas Company (1994–2025)
Year-by-year free cash flow to debt coverage for National Fuel Gas Company. Explore National Fuel Gas Company (NFG) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.36x | $2.01 Billion | $1.10 Billion | $5.62 Billion | ▼ -2.0% |
| 2024 | 0.37x | $2.00 Billion | $1.07 Billion | $5.47 Billion | ▼ -13.6% |
| 2023 | 0.42x | $2.25 Billion | $1.24 Billion | $5.32 Billion | ▲ +51.3% |
| 2022 | 0.28x | $1.62 Billion | $812.52 Million | $5.82 Billion | ▲ +2.8% |
| 2021 | 0.27x | $1.54 Billion | $791.55 Million | $5.68 Billion | ▼ -27.3% |
| 2020 | 0.37x | $1.96 Billion | $740.81 Million | $5.25 Billion | ▲ +9.0% |
| 2019 | 0.34x | $1.48 Billion | $694.48 Million | $4.32 Billion | ▲ +17.3% |
| 2018 | 0.29x | $1.20 Billion | $615.30 Million | $4.10 Billion | ▲ +13.4% |
| 2017 | 0.26x | $1.13 Billion | $684.51 Million | $4.40 Billion | ▼ -9.4% |
| 2016 | 0.28x | $1.17 Billion | $588.98 Million | $4.11 Billion | ▼ -28.6% |
| 2015 | 0.40x | $1.87 Billion | $853.58 Million | $4.69 Billion | ▼ -5.3% |
| 2014 | 0.42x | $1.82 Billion | $909.39 Million | $4.33 Billion | ▲ +17.6% |
| 2013 | 0.36x | $1.44 Billion | $738.57 Million | $4.02 Billion | ▼ -16.1% |
| 2012 | 0.43x | $1.70 Billion | $660.79 Million | $3.98 Billion | ▼ -4.4% |
| 2011 | 0.45x | $1.52 Billion | $678.68 Million | $3.39 Billion | ▲ +64.0% |
| 2010 | 0.27x | $915.46 Million | $459.69 Million | $3.36 Billion | ▼ -5.8% |
| 2009 | 0.29x | $919.36 Million | $609.43 Million | $3.18 Billion | ▼ -17.0% |
| 2008 | 0.35x | $880.51 Million | $482.78 Million | $2.53 Billion | ▲ +17.3% |
| 2007 | 0.30x | $670.92 Million | $394.20 Million | $2.26 Billion | ▼ -10.0% |
| 2006 | 0.33x | $765.56 Million | $471.40 Million | $2.32 Billion | ▲ +53.2% |
| 2005 | 0.22x | $536.88 Million | $317.35 Million | $2.49 Billion | ▼ -14.5% |
| 2004 | 0.25x | $609.49 Million | $437.15 Million | $2.42 Billion | ▲ +34.4% |
| 2003 | 0.19x | $479.09 Million | $326.84 Million | $2.56 Billion | ▼ -23.3% |
| 2002 | 0.24x | $577.92 Million | $345.55 Million | $2.37 Billion | ▼ -16.4% |
| 2001 | 0.29x | $706.85 Million | $414.14 Million | $2.42 Billion | ▲ +28.9% |
| 2000 | 0.23x | $507.62 Million | $238.25 Million | $2.24 Billion | ▼ -20.2% |
| 1999 | 0.28x | $532.40 Million | $271.90 Million | $1.88 Billion | ▼ -22.3% |
| 1998 | 0.37x | $646.20 Million | $253.00 Million | $1.77 Billion | ▼ -2.8% |
| 1997 | 0.38x | $508.70 Million | $294.70 Million | $1.35 Billion | ▲ +43.0% |
| 1996 | 0.26x | $340.10 Million | $168.50 Million | $1.29 Billion | ▼ -8.8% |
| 1995 | 0.29x | $356.30 Million | $173.50 Million | $1.24 Billion | ▲ +3.6% |
| 1994 | 0.28x | $334.30 Million | $199.20 Million | $1.20 Billion | — |