National Fuel Gas Company (NFG) — Free Cash Flow Generation Index
National Fuel Gas Company (NFG) has a Free Cash Flow Generation Index of 0.42x as of March 2026. Free cash flow of $161.72 Million represents 0% of operating cash flow ($382.36 Million). Read debt load of National Fuel Gas Company for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
National Fuel Gas Company Free Cash Flow Generation Index (1994–2025)
Historical FCF Generation Index trend for National Fuel Gas Company across 32 annual periods. Explore how much does National Fuel Gas Company reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for National Fuel Gas Company (1994–2025)
Year-by-year Free Cash Flow Generation Index for National Fuel Gas Company. For the full company profile including market capitalisation, see NFG stock market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.17x | $187.21 Million | $1.10 Billion | $912.82 Million | ▲ +34.7% |
| 2024 | 0.13x | $134.72 Million | $1.07 Billion | $931.24 Million | ▼ -31.2% |
| 2023 | 0.18x | $227.21 Million | $1.24 Billion | $1.01 Billion | ▲ +21372.1% |
| 2022 | 0.00x | $695.00K | $812.52 Million | $811.83 Million | ▼ -98.3% |
| 2021 | 0.05x | $39.82 Million | $791.55 Million | $751.73 Million | ▲ +107.7% |
| 2020 | -0.65x | $-481.60 Million | $740.81 Million | $1.22 Billion | ▼ -378.0% |
| 2019 | -0.14x | $-94.45 Million | $694.48 Million | $788.94 Million | ▼ -367.4% |
| 2018 | 0.05x | $31.30 Million | $615.30 Million | $584.00 Million | ▼ -85.1% |
| 2017 | 0.34x | $234.17 Million | $684.51 Million | $450.33 Million | ▲ +2621.8% |
| 2016 | 0.01x | $7.40 Million | $588.98 Million | $581.58 Million | ▲ +106.5% |
| 2015 | -0.19x | $-164.60 Million | $853.58 Million | $1.02 Billion | ▼ -3388.4% |
| 2014 | -0.01x | $-5.03 Million | $909.39 Million | $914.42 Million | ▼ -111.6% |
| 2013 | 0.05x | $35.11 Million | $738.57 Million | $703.46 Million | ▲ +108.4% |
| 2012 | -0.57x | $-376.00 Million | $660.79 Million | $1.04 Billion | ▼ -140.9% |
| 2011 | -0.24x | $-160.33 Million | $678.68 Million | $837.61 Million | ▼ -2862.5% |
| 2010 | 0.01x | $3.93 Million | $459.69 Million | $455.76 Million | ▼ -98.3% |
| 2009 | 0.49x | $299.50 Million | $609.43 Million | $309.93 Million | ▲ +179.0% |
| 2008 | 0.18x | $85.04 Million | $482.78 Million | $397.73 Million | ▼ -40.9% |
| 2007 | 0.30x | $117.47 Million | $394.20 Million | $276.73 Million | ▼ -20.7% |
| 2006 | 0.38x | $177.24 Million | $471.40 Million | $294.16 Million | ▲ +22.0% |
| 2005 | 0.31x | $97.82 Million | $317.35 Million | $219.53 Million | ▼ -49.1% |
| 2004 | 0.61x | $264.81 Million | $437.15 Million | $172.34 Million | ▲ +13.4% |
| 2003 | 0.53x | $174.59 Million | $326.84 Million | $152.25 Million | ▲ +63.1% |
| 2002 | 0.33x | $113.18 Million | $345.55 Million | $232.37 Million | ▲ +11.7% |
| 2001 | 0.29x | $121.44 Million | $414.14 Million | $292.71 Million | ▲ +324.4% |
| 2000 | -0.13x | $-31.12 Million | $238.25 Million | $269.37 Million | ▼ -411.6% |
| 1999 | 0.04x | $11.40 Million | $271.90 Million | $260.50 Million | ▲ +107.6% |
| 1998 | -0.55x | $-140.20 Million | $253.00 Million | $393.20 Million | ▼ -302.4% |
| 1997 | 0.27x | $80.70 Million | $294.70 Million | $214.00 Million | ▲ +1588.4% |
| 1996 | -0.02x | $-3.10 Million | $168.50 Million | $171.60 Million | ▲ +65.7% |
| 1995 | -0.05x | $-9.30 Million | $173.50 Million | $182.80 Million | ▼ -116.7% |
| 1994 | 0.32x | $64.10 Million | $199.20 Million | $135.10 Million | — |