NFG (National Fuel Gas Co) Total Assets: $9,128 Mil (As of Mar. 2026)


NFG National Fuel Gas Co NFG
86 GF Score
Price $78.45
GF Value $78.57
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is National Fuel Gas Co Total Assets?

National Fuel Gas Co NFG +2.54% 86 Total Assets is $9,128 Mil as of Mar. 2026. 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.

National Fuel Gas Co's Total Assets for the quarter that ended in Mar. 2026 was $9,128 Mil.

During the past 12 months, National Fuel Gas Co's average Total Assets Growth Rate was 7.80% per year. During the past 3 years, the average Total Assets Growth Rate was 3.40% per year. During the past 5 years, the average Total Assets Growth Rate was 4.30% per year. During the past 10 years, the average Total Assets Growth Rate was 4.70% per year.

During the past 13 years, National Fuel Gas Co's highest 3-Year average Total Assets Growth Rate was 12.60%. The lowest was -6.10%. And the median was 5.70%.

Total Assets is connected with ROA %. National Fuel Gas Co's annualized ROA % for the quarter that ended in Mar. 2026 was 10.81%. Total Assets is also linked to Revenue through Asset Turnover. National Fuel Gas Co's Asset Turnover for the quarter that ended in Mar. 2026 was 0.09.


National Fuel Gas Co  (NYSE:NFG) Total Assets Explanation

Total Assets is connected with ROA %.

National Fuel Gas Co's annualized ROA % for the quarter that ended in Mar. 2026 is

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=990.672/( (9205.872+9127.604)/ 2 )
=990.672/9166.738
=10.81 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

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

Asset Turnover
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=858.373/( (9205.872+9127.604)/ 2 )
=858.373/9166.738
=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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

National Fuel Gas Co Total Assets Related Terms


National Fuel Gas Co Total Assets Historical Data

* Premium members only.

The historical data trend for National Fuel Gas Co's Total Assets 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 Total Assets Chart

National Fuel Gas Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,464.83 7,896.26 8,280.26 8,319.77 8,719.10

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
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,479.96 8,446.16 8,719.10 9,205.87 9,127.60
NFG
86GF Score
National Fuel Gas Co NFG
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Fuel Gas Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

National Fuel Gas Co's Total Assets for the fiscal year that ended in Sep. 2025 is calculated as

Total Assets=Total Equity (A: Sep. 2025 )+Total Liabilities (A: Sep. 2025 )
=3094.604+5624.5
=8,719

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

Total Assets=Total Equity (Q: Mar. 2026 )+Total Liabilities (Q: Mar. 2026 )
=3824.499+5303.105
=9,128

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $9,128 Mil mean?
National Fuel Gas Co (NFG) has a Total Assets of $9,128 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on National Fuel Gas Co and its competitors.
Is National Fuel Gas Co's Total Assets too high?
National Fuel Gas Co's current Total Assets is $9,128 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 Total Assets compare to DEC and UNTC?
National Fuel Gas Co's Total Assets of $9,128 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 Total Assets for an Oil & Gas company?
A good Total Assets depends on the Oil & Gas industry context. However, Total Assets 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on National Fuel Gas Co and its competitors. National Fuel Gas Co's current Total Assets is $9,128 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 $78.57, compared to a current price of $78.45 — trading 0.2% below its estimated fair value. The current Total Assets is $9,128 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 Total Assets calculated?
Total Assets is calculated from a company's financial statements. For National Fuel Gas Co (NFG), the current Total Assets is $9,128 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 undervalued. The current stock price of $78.45 is trading 0.2% below its estimated GF Value™ of $78.57. GuruFocus considers National Fuel Gas Co to be Fairly Valued.

Key valuation signals for NFG:

  • Total Assets: $9,128 Mil
  • GF Value™: $78.57 vs. price of $78.45 (0.2% below 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 EnergyOil & Gas
Other Exchanges NFG:MexicoNFG:Germany
Address 6363 Main Street, Williamsville, NY, USA, 14221
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

Get the complete analysis for NFG

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

$78.45
Price
$78.57
GF Value