National Fuel Gas Company (NFG) — Free Cash Flow Generation Index
National Fuel Gas Company (NFG) has a Free Cash Flow Generation Index of 0.29x as of June 2026. Free cash flow of $111.01 Million represents 0% of operating cash flow ($377.26 Million). Explore NFG capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see NFG cash flow conversion.
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. Check National Fuel Gas Company total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |