NFG (National Fuel Gas Co) Change In Inventory: $-4 Mil (TTM As of Mar. 2026)

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National Fuel Gas Co NFG

86 GF Score

Price $80.91

GF Value $78.60

Valuation Fairly Valued

1 Warning Sign

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What is National Fuel Gas Co Change In Inventory?

National Fuel Gas Co NFG +2.29% 86 Change In Inventory is $-4 Mil as of Mar. 2026. GuruFocus rates NFG with a GF Score™ of 86/100 and a GF Value™ of $78.60 (Fairly Valued). The stock has 1 warning sign investors should review.

National Fuel Gas Co's change in inventory for the quarter that ended in Mar. 2026 was $10 Mil. It means National Fuel Gas Co's inventory declined by $10 Mil from Dec. 2025 to Mar. 2026 .

National Fuel Gas Co's change in inventory for the fiscal year that ended in Sep. 2025 was $-1 Mil. It means National Fuel Gas Co's inventory increased by $1 Mil from Sep. 2024 to Sep. 2025 .

National Fuel Gas Co's Total Inventories for the quarter that ended in Mar. 2026 was $72 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Fuel Gas Co's Days Inventory for the quarter that ended in Mar. 2026 was 15.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. National Fuel Gas Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 6.03.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. National Fuel Gas Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.09.

National Fuel Gas Co (NYSE:NFG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

National Fuel Gas Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	80.5545	/	485.964	*	365 / 4
	=	15.13

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

National Fuel Gas Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	485.964	/	80.5545
	=	6.03

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

National Fuel Gas Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	80.5545	/	858.373
	=	0.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Fuel Gas Co Change In Inventory Related Terms

National Fuel Gas Co Change In Inventory Historical Data

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The historical data trend for National Fuel Gas Co's Change In Inventory can be seen below:

National Fuel Gas Co Change In Inventory Chart

National Fuel Gas Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Change In Inventory

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-2.01

3.11

-8.41

1.74

-1.38

National Fuel Gas Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Change In Inventory	Get a 7-Day Free Trial															17.68	-9.06	-20.18	15.17	10.30

86GF Score

National Fuel Gas Co NFG

Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.

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National Fuel Gas Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4 Mil.

Frequently Asked Questions Learn more about Change In Inventory →

What does a Change In Inventory of $-4 Mil mean?

National Fuel Gas Co (NFG) has a Change In Inventory of $-4 Mil as of Mar. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for National Fuel Gas Co and its competitors.

Is National Fuel Gas Co's Change In Inventory too high?

National Fuel Gas Co's current Change In Inventory is $-4 Mil. Overall, National Fuel Gas Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does National Fuel Gas Co's Change In Inventory compare to DEC and UNTC?

National Fuel Gas Co's Change In Inventory of $-4 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Change In Inventory for an Oil & Gas company?

A good Change In Inventory depends on the Oil & Gas industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Change In Inventory mean?

A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for National Fuel Gas Co and its competitors. National Fuel Gas Co's current Change In Inventory is $-4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is National Fuel Gas Co stock overvalued right now?

Based on GuruFocus' analysis, National Fuel Gas Co (NFG) is currently considered Fairly Valued. The stock's GF Value™ is $78.60, compared to a current price of $80.91 — trading 2.9% above its estimated fair value. The current Change In Inventory is $-4 Mil. National Fuel Gas Co's overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Change In Inventory calculated?

Change In Inventory is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current Change In Inventory is $-4 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Fuel Gas Co (NFG) Overvalued in 2026?

Based on GuruFocus' analysis, National Fuel Gas Co stock appears to be overvalued. The current stock price of $80.91 is trading 2.9% above its estimated GF Value™ of $78.60. GuruFocus considers National Fuel Gas Co to be Fairly Valued.

Key valuation signals for NFG:

Change In Inventory: $-4 Mil
GF Value™: $78.60 vs. price of $80.91 (2.9% above fair value)
GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the NFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Fuel Gas Co Business Description

Industry Energy Oil & Gas

Comparable Companies DEC UNTC SLNG SKYQ ECTM VIVK SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 ADX:ADNOCGAS MIL:ENI TSX:SU TSX:IMO

Other Exchanges NFG:Mexico NFG:Germany

Address 6363 Main Street, Williamsville, NY, USA, 14221

Website https://www.nationalfuel.com

National Fuel Gas Co is a diversified energy company involved in natural gas production, gathering, transportation, distribution, and marketing. It operates through three segments: Integrated Upstream and Gathering, Pipeline and Storage, and Utility. The majority of revenue comes from the Integrated Upstream and Gathering segment, which focuses on Seneca's natural gas exploration and development in the Appalachian region and Midstream operations supporting gas processing and gathering. The Pipeline and Storage segment transports and stores natural gas for customers in the northeastern United States and Canada, while the Utility segment supplies natural gas to retail customers in western New York and northwestern Pennsylvania. the company opeartes in United States.

86GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$80.91

Price

$78.60

GF Value

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