National Fuel Gas Company Financial Flexibility Index
National Fuel Gas Company 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). Explore National Fuel Gas Company (NFG) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of National Fuel Gas Company (1994–2025)
Financial flexibility index of National Fuel Gas Company from 1994 to 2025. Historical Financial Flexibility Index trend for National Fuel Gas Company across 32 annual periods. Check NFG capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
National Fuel Gas Company Financial Flexibility Index by Year (1994–2025)
National Fuel Gas Company financial flexibility index by year from 1994 to 2025. Year-by-year free cash flow to debt coverage for National Fuel Gas Company. For the full cash flow conversion analysis, see NFG operating cash flow.
| 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 | — |