National Historical Income Statement

NFG Stock  USD 52.98  1.29  2.50%   
Historical analysis of National Fuel income statement accounts such as Operating Income of 365.8 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.
 
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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.
  
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 tightly coupled with the direction of predictive economic indicators such as signals in census.

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

National Fuel Gas Income Statement is one of the three primary financial statements used for reporting National's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of National Fuel Gas revenue and expense. National Fuel Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, National Fuel's Income Tax Expense is most likely to increase significantly in the upcoming years. The National Fuel's current Income Before Tax is estimated to increase to about 774.5 M, while Gross Profit is projected to decrease to roughly 680.4 M.

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 tightly coupled with the direction of predictive economic indicators such as signals in census.
At this time, National Fuel's Income Tax Expense is most likely to increase significantly in the upcoming years. The National Fuel's current Income Before Tax is estimated to increase to about 774.5 M, while Gross Profit is projected to decrease to roughly 680.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit903.0M847.8M763.1M680.4M
Total Revenue2.2B2.2B2.5B1.7B

National Fuel income statement Correlations

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-0.77-0.30.27-0.130.09-0.22-0.45-0.25-0.22-0.15-0.280.51-0.37-0.11-0.1-0.60.640.53-0.410.51-0.91-0.030.22-0.690.53
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0.130.50.340.40.330.620.320.360.530.550.340.050.350.190.10.34-0.46-0.160.33-0.61-0.030.2-0.530.65-0.16
-0.39-0.28-0.29-0.24-0.34-0.46-0.31-0.24-0.35-0.15-0.130.11-0.29-0.080.04-0.060.50.1-0.30.380.22-0.36-0.53-0.510.1
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-0.46-0.20.05-0.020.23-0.08-0.42-0.32-0.06-0.49-0.130.15-0.4-0.220.4-0.440.361.0-0.410.130.53-0.43-0.160.1-0.45
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National Fuel Account Relationship Matchups

National Fuel income statement Accounts

201920202021202220232024 (projected)
Interest Expense117.1M146.4M130.4M131.9M151.7M159.3M
Total Revenue1.5B1.7B2.2B2.2B2.5B1.7B
Gross Profit567.7M759.7M903.0M847.8M763.1M680.4M
Operating Income461.5M639.9M814.5M755.1M679.6M365.8M
Ebit461.5M639.9M814.5M773.3M696.0M410.0M
Ebitda767.6M985.1M1.2B1.2B1.4B745.5M
Net Income(123.8M)363.6M566.0M476.9M548.4M575.8M
Income Tax Expense18.7M114.7M116.6M164.5M189.2M198.7M
Depreciation And Amortization306.2M345.2M355.5M409.6M471.0M236.2M
Other Operating Expenses1.1B1.1B1.4B1.4B1.6B1.4B
Cost Of Revenue978.6M982.9M1.3B1.3B1.5B971.6M
Total Operating Expenses88.4M94.7M101.2M92.7M83.4M79.3M
Income Before Tax(105.0M)478.3M682.7M641.4M737.6M774.5M
Total Other Income Expense Net(566.5M)(161.6M)(131.9M)18.1M16.3M17.1M
Net Income Applicable To Common Shares(123.8M)363.6M566.0M476.9M548.4M575.8M
Selling And Marketing Expenses861.0M728.3M667.5M941.8M1.1B878.4M
Selling General Administrative519.6M88.4M43.6M101.2M91.1M86.5M
Net Income From Continuing Ops(123.8M)363.6M566.0M476.9M548.4M575.8M
Non Operating Income Net Other(15.5M)(17.8M)(15.2M)(1.5M)(1.4M)(1.3M)
Tax Provision18.7M114.7M116.6M164.5M189.2M198.7M
Interest Income117.1M146.4M130.4M131.9M151.7M90.8M
Net Interest Income(117.1M)(146.4M)(130.4M)(131.9M)(118.7M)(124.6M)
Reconciled Depreciation306.2M335.3M369.8M409.6M471.0M339.7M

National Fuel Investors Sentiment

The influence of National Fuel's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in National. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to National Fuel's public news can be used to forecast risks associated with an investment in National. The trend in average sentiment can be used to explain how an investor holding National can time the market purely based on public headlines and social activities around National Fuel Gas. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
National Fuel's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for National Fuel's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average National Fuel's news discussions. The higher the estimated score, the more favorable is the investor's outlook on National Fuel.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards National Fuel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, National Fuel's short interest history, or implied volatility extrapolated from National Fuel options trading.

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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 tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the National Fuel Gas information on this page should be used as a complementary analysis to other National Fuel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running National Fuel's price analysis, check to measure National Fuel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy National Fuel is operating at the current time. Most of National Fuel's value examination focuses on studying past and present price action to predict the probability of National Fuel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Fuel's price. Additionally, you may evaluate how the addition of National Fuel to your portfolios can decrease your overall portfolio volatility.
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Is National Fuel's industry 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
(0.22)
Dividend Share
1.96
Earnings Share
4.77
Revenue Per Share
22.218
Quarterly Revenue Growth
(0.20)
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.