National Historical Income Statement
| NFG Stock | USD 63.97 0.51 0.80% |
Historical analysis of National Fuel income statement accounts such as Operating Income of 360.9 M can show how well National Fuel Gas performed in making a profits. Evaluating National Fuel income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of National Fuel's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining National Fuel Gas latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether National Fuel Gas is a good buy for the upcoming year.
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About National Income Statement Analysis
National Fuel Gas Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to National Fuel shareholders. The income statement also shows National investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
National Fuel Income Statement Chart
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Total Revenue
Total revenue comprises all receipts National Fuel Gas generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of National Fuel Gas minus its cost of goods sold. It is profit before National Fuel operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of National Fuel Gas. It is also known as National Fuel overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from National Fuel's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into National Fuel Gas current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Fuel Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. At this time, National Fuel's EBIT is most likely to decrease significantly in the upcoming years. The National Fuel's current EBITDA is estimated to increase to about 745.1 M, while Gross Profit is projected to decrease to roughly 679.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 903.0M | 847.8M | 817.7M | 679.7M | Total Revenue | 2.2B | 2.2B | 1.9B | 1.7B |
National Fuel income statement Correlations
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National Fuel Account Relationship Matchups
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National Fuel income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 117.1M | 146.4M | 130.4M | 131.9M | 138.7M | 145.6M | |
| Total Revenue | 1.5B | 1.7B | 2.2B | 2.2B | 1.9B | 1.7B | |
| Gross Profit | 567.7M | 759.7M | 903.0M | 847.8M | 817.7M | 679.7M | |
| Operating Income | 461.5M | 639.9M | 814.5M | 755.1M | 209.7M | 360.9M | |
| Ebit | 454.0M | 631.1M | 784.5M | 760.6M | 226.0M | 403.1M | |
| Ebitda | 767.6M | 976.5M | 1.2B | 1.2B | 683.0M | 745.1M | |
| Net Income | (123.8M) | 363.6M | 566.0M | 476.9M | 77.5M | 154.0M | |
| Income Tax Expense | 18.7M | 114.7M | 116.6M | 164.5M | 9.7M | 9.3M | |
| Depreciation And Amortization | 313.7M | 345.4M | 379.8M | 417.9M | 457.0M | 246.2M | |
| Other Operating Expenses | 1.1B | 1.1B | 1.4B | 1.4B | 1.7B | 1.5B | |
| Cost Of Revenue | 978.6M | 982.9M | 1.3B | 1.3B | 1.1B | 980.2M | |
| Total Operating Expenses | 88.4M | 94.7M | 101.2M | 92.7M | 608.0M | 352.4M | |
| Income Before Tax | (105.0M) | 478.3M | 682.7M | 641.4M | 87.3M | 82.9M | |
| Total Other Income Expense Net | (566.5M) | (161.6M) | (131.9M) | (113.7M) | (122.5M) | (128.6M) | |
| Net Income Applicable To Common Shares | (123.8M) | 363.6M | 566.0M | 476.9M | 548.4M | 575.8M | |
| Selling And Marketing Expenses | 861.0M | 728.3M | 667.5M | 941.8M | 1.1B | 878.4M | |
| Selling General Administrative | 519.6M | 88.4M | 43.6M | 101.2M | 91.1M | 86.5M | |
| Net Income From Continuing Ops | (123.8M) | 363.6M | 566.0M | 476.9M | 548.4M | 575.8M | |
| Non Operating Income Net Other | (15.5M) | (17.8M) | (15.2M) | (1.5M) | (1.4M) | (1.3M) | |
| Tax Provision | 18.7M | 114.7M | 116.6M | 164.5M | 189.2M | 198.7M | |
| Interest Income | 117.1M | 146.4M | 130.4M | 131.9M | 151.7M | 90.8M | |
| Net Interest Income | (117.1M) | (146.4M) | (130.4M) | (131.9M) | (118.7M) | (124.6M) | |
| Reconciled Depreciation | 306.2M | 335.3M | 369.8M | 409.6M | 471.0M | 339.7M |
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When determining whether National Fuel Gas is a strong investment it is important to analyze National Fuel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Fuel's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Fuel Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Gas Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Fuel. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Fuel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.176 | Dividend Share 2.02 | Earnings Share 0.84 | Revenue Per Share 21.187 | Quarterly Revenue Growth 0.008 |
The market value of National Fuel Gas is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Fuel's value that differs from its market value or its book value, called intrinsic value, which is National Fuel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Fuel's market value can be influenced by many factors that don't directly affect National Fuel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between National Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Fuel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.