National Fuel Gas Company Net Asset Quality Index
National Fuel Gas Company net asset quality index. National Fuel Gas Company (NFG) has a Net Asset Quality Index of 37.5% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $10.45 Billion minus total liabilities of $6.53 Billion yields net assets of $3.92 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check National Fuel Gas Company earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of National Fuel Gas Company (1994–2025)
Net asset quality index of National Fuel Gas Company from 1994 to 2025. This chart shows how National Fuel Gas Company's Net Asset Quality Index has evolved across 32 annual periods from 1994 to 2025. As of June 2026, the index stands at 37.5%, representing net assets of $3.92 Billion against total assets of $10.45 Billion USD. See National Fuel Gas Company (NFG) shareholders funds for net asset value and shareholders' equity analysis.
National Fuel Gas Company Net Asset Quality Index by Year (1994–2025)
National Fuel Gas Company net asset quality index by year from 1994 to 2025. The table below presents the year-by-year Net Asset Quality Index for National Fuel Gas Company from 1994 to 2025, covering 32 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see National Fuel Gas Company stock valuation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 35.5% | $3.09 Billion | $8.72 Billion | $5.62 Billion | ▲ +1.3 pp |
| 2024 | 34.2% | $2.85 Billion | $8.32 Billion | $5.47 Billion | ▼ -1.6 pp |
| 2023 | 35.8% | $2.96 Billion | $8.28 Billion | $5.32 Billion | ▲ +9.4 pp |
| 2022 | 26.3% | $2.08 Billion | $7.90 Billion | $5.82 Billion | ▲ +2.4 pp |
| 2021 | 23.9% | $1.79 Billion | $7.46 Billion | $5.68 Billion | ▼ -3.4 pp |
| 2020 | 27.3% | $1.97 Billion | $7.22 Billion | $5.25 Billion | ▼ -5.8 pp |
| 2019 | 33.1% | $2.14 Billion | $6.46 Billion | $4.32 Billion | ▲ +1.0 pp |
| 2018 | 32.1% | $1.94 Billion | $6.04 Billion | $4.10 Billion | ▲ +4.2 pp |
| 2017 | 27.9% | $1.70 Billion | $6.10 Billion | $4.40 Billion | ▲ +0.8 pp |
| 2016 | 27.1% | $1.53 Billion | $5.64 Billion | $4.11 Billion | ▼ -3.1 pp |
| 2015 | 30.2% | $2.03 Billion | $6.72 Billion | $4.69 Billion | ▼ -5.6 pp |
| 2014 | 35.8% | $2.41 Billion | $6.74 Billion | $4.33 Billion | ▲ +0.5 pp |
| 2013 | 35.3% | $2.19 Billion | $6.22 Billion | $4.02 Billion | ▲ +2.3 pp |
| 2012 | 33.0% | $1.96 Billion | $5.94 Billion | $3.98 Billion | ▼ -2.8 pp |
| 2011 | 35.8% | $1.89 Billion | $5.28 Billion | $3.39 Billion | ▲ +1.6 pp |
| 2010 | 34.2% | $1.75 Billion | $5.11 Billion | $3.36 Billion | ▲ +0.9 pp |
| 2009 | 33.3% | $1.59 Billion | $4.77 Billion | $3.18 Billion | ▼ -5.5 pp |
| 2008 | 38.8% | $1.60 Billion | $4.13 Billion | $2.53 Billion | ▼ -3.1 pp |
| 2007 | 41.9% | $1.63 Billion | $3.89 Billion | $2.26 Billion | ▲ +3.6 pp |
| 2006 | 38.4% | $1.44 Billion | $3.76 Billion | $2.32 Billion | ▲ +5.3 pp |
| 2005 | 33.0% | $1.23 Billion | $3.72 Billion | $2.49 Billion | ▼ -1.8 pp |
| 2004 | 34.9% | $1.30 Billion | $3.72 Billion | $2.42 Billion | ▲ +3.5 pp |
| 2003 | 31.4% | $1.17 Billion | $3.73 Billion | $2.56 Billion | ▲ +1.0 pp |
| 2002 | 30.4% | $1.04 Billion | $3.40 Billion | $2.37 Billion | ▲ +0.7 pp |
| 2001 | 29.8% | $1.03 Billion | $3.45 Billion | $2.42 Billion | ▼ -1.0 pp |
| 2000 | 30.8% | $996.33 Million | $3.24 Billion | $2.24 Billion | ▼ -3.2 pp |
| 1999 | 34.0% | $966.90 Million | $2.84 Billion | $1.88 Billion | ▼ -0.1 pp |
| 1998 | 34.1% | $915.60 Million | $2.68 Billion | $1.77 Billion | ▼ -6.2 pp |
| 1997 | 40.3% | $913.70 Million | $2.27 Billion | $1.35 Billion | ▲ +0.5 pp |
| 1996 | 39.8% | $856.00 Million | $2.15 Billion | $1.29 Billion | ▲ +0.5 pp |
| 1995 | 39.4% | $802.10 Million | $2.04 Billion | $1.24 Billion | ▼ 0.0 pp |
| 1994 | 39.4% | $780.30 Million | $1.98 Billion | $1.20 Billion | — |