National Fuel Gas Company (NFG) — Free Cash Flow Generation Index
National Fuel Gas Company (NFG) has a Free Cash Flow Generation Index of -0.01x as of December 2025. Free cash flow of $-2.71 Million represents 0% of operating cash flow ($274.92 Million). See National Fuel Gas Company (NFG) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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 National Fuel Gas Company cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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 company net worth.
| 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 | — |