National Fuel Gas CoNFG -0.57%86 Interest Coverage is 10.29 as of Mar. 2026, which is 111% above its 10-year median of 4.87. GuruFocus rates NFG with a GF Score™ of 86/100 and a GF Value™ of $78.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 728 Oil & Gas companies, National Fuel Gas Co ranks better than 53.85% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. National Fuel Gas Co's
Operating Income
for the
three
months ended in Mar. 2026 was $347 Mil. National Fuel Gas Co's Interest Expense for the
three
months ended in Mar. 2026 was $-34 Mil.
National Fuel Gas Co's interest coverage for the quarter that ended in Mar. 2026 was 10.29.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for National Fuel Gas Co's Interest Coverage or its related term are showing as below:
NFG'
s Interest Coverage Range Over the Past 10 Years
Min: 4.09 Med: 4.87 Max: 6.87
Current: 6.87
NFG's Interest Coverage is ranked better than 53.85% of 728
companies
in the Oil & Gas industry
Industry Median: 5.885
vs NFG: 6.87
National Fuel Gas Co (NYSE:NFG) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
National Fuel Gas Co Interest Coverage Related Terms
National Fuel Gas Co Interest Coverage Historical Data
* Premium members only.
The historical data trend for National Fuel Gas Co's Interest Coverage can be seen below:
* 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NFG vs DEC, UNTC, SLNG: Interest Coverage Comparison
For the Oil & Gas Integrated subindustry, National Fuel Gas Co's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Fuel Gas Co Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Fuel Gas Co's Interest Coverage distribution charts can be found below:
* The bar in red indicates where National Fuel Gas Co's Interest Coverage falls into.
National Fuel Gas Co Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (NFG) has a Interest Coverage of 10.29 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on National Fuel Gas Co and its competitors. This is 111% above median its historical median of 4.87. Over the past decade, National Fuel Gas Co's Interest Coverage has ranged from 4.09 to 6.87. According to the industry distribution chart, National Fuel Gas Co ranks #336 out of 728 companies in the Oil & Gas industry, placing it in the top 46.2%.
Is National Fuel Gas Co's Interest Coverage too high?
National Fuel Gas Co's current Interest Coverage of 10.29 is 111% above median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 4.09 to a high of 6.87. The Oil & Gas industry median Interest Coverage is 5.89. National Fuel Gas Co's value of 10.29 is 74.9% above this industry median. Based on the distribution chart, National Fuel Gas Co ranks #336 out of 728 companies in the Oil & Gas industry, which is above the industry midpoint. 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 Interest Coverage compare to DEC and UNTC?
According to the Oil & Gas industry distribution chart, National Fuel Gas Co ranks #336 out of 728 companies for Interest Coverage. This puts National Fuel Gas Co in the upper half of its industry. The industry median Interest Coverage is 5.89. National Fuel Gas Co's value of 10.29 is 74.9% above this benchmark. Historically, National Fuel Gas Co's own Interest Coverage has ranged from 4.09 to 6.87 over the past decade. While the company's 10-year median is 4.87 vs. the industry median of 5.89, National Fuel Gas Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 728 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fuel Gas Co's current Interest Coverage of 10.29 is 74.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on National Fuel Gas Co and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fuel Gas Co's current Interest Coverage is 10.29, which is 111% above median its own 10-year median of 4.87. 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 $78.57, compared to a current price of $76.63 — trading 2.5% below its estimated fair value. The current Interest Coverage is 10.29, which is 111% above median its 10-year median of 4.87 and 74.9% above the Oil & Gas industry median of 5.89. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current Interest Coverage is 10.29 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 undervalued.
The current stock price of $76.63 is trading 2.5% below its estimated GF Value™ of $78.57.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for NFG:
Interest Coverage: 10.29 (111% above median its 10-year median of 4.87)
GF Value™: $78.57 vs. price of $76.63 (2.5% below fair value)
Industry Position: 74.9% above the Oil & Gas median (#336 of 728)
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 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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