National Fuel Gas Company (NFG) — 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. Read NFG liabilities breakdown for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
National Fuel Gas Company Net Asset Quality Index Over Time (1994–2025)
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. For live market cap and overall valuation, see NFG market cap.
Annual Net Asset Quality Index for National Fuel Gas Company (1994–2025)
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. Check National Fuel Gas Company strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
| 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 | — |