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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. National Fuel Gas Co's retained earnings for the quarter that ended in Mar. 2026 was MXN42,200 Mil.
National Fuel Gas Co's quarterly retained earnings
increased
from Sep. 2025 (MXN36,918 Mil) to Dec. 2025 (MXN38,592 Mil) and
increased
from Dec. 2025 (MXN38,592 Mil) to Mar. 2026 (MXN42,200 Mil).
National Fuel Gas Co's annual retained earnings
increased
from Sep. 2023 (MXN32,850 Mil) to Sep. 2024 (MXN34,012 Mil) and
increased
from Sep. 2024 (MXN34,012 Mil) to Sep. 2025 (MXN36,918 Mil).
National Fuel Gas Co (MEX:NFG) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
National Fuel Gas Co Retained Earnings Historical Data
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The historical data trend for National Fuel Gas Co's Retained Earnings 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.
National Fuel Gas Co Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of MXN42,200 Mil mean?
National Fuel Gas Co (MEX:NFG) has a Retained Earnings of MXN42,200 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on National Fuel Gas Co and its competitors.
Is National Fuel Gas Co's Retained Earnings too high?
National Fuel Gas Co's current Retained Earnings is MXN42,200 Mil. Overall, National Fuel Gas Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Fuel Gas Co's Retained Earnings compare to DEC and UNTC?
National Fuel Gas Co's Retained Earnings of MXN42,200 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 Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on National Fuel Gas Co and its competitors. National Fuel Gas Co's current Retained Earnings is MXN42,200 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 (MEX:NFG) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,296.89, compared to a current price of MXN1,335.00 — trading 2.9% above its estimated fair value. The current Retained Earnings is MXN42,200 Mil. National Fuel Gas Co's overall GF Score™ is 60/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For National Fuel Gas Co (MEX:NFG), the current Retained Earnings is MXN42,200 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 (MEX:NFG) Overvalued in 2026?
Based on GuruFocus' analysis, National Fuel Gas Co stock appears to be overvalued.
The current stock price of MXN1,335.00 is trading 2.9% above its estimated GF Value™ of MXN1,296.89.
GuruFocus considers National Fuel Gas Co to be Fairly Valued.
Key valuation signals for MEX:NFG:
Retained Earnings: MXN42,200 Mil
GF Value™: MXN1,296.89 vs. price of MXN1,335.00 (2.9% above fair value)
No single metric tells the full story. See the MEX: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.
60GF Score
Get the complete analysis for MEX:NFG
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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