National Fuel Gas Company (NFG) — Financial Flexibility Index
National Fuel Gas Company (NFG) has a Financial Flexibility Index of 0.10x as of December 2025. Free cash flow of $552.55 Million (operating CF $274.92 Million minus capex $277.63 Million) represents 0% of total liabilities ($5.62 Billion). Also explore NFG net asset momentum to track the company's year-over-year net asset growth rate.
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. Check National Fuel Gas Company (NFG) strategic investment index to assess the company's strategic physical and investment asset allocation.
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. For the full company profile including market capitalisation, see NFG market cap.
| 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 | — |