National Other Operating Expenses vs Total Revenue Analysis

NFG Stock

USD 53.83 1.07 1.95%

National Fuel financial indicator trend analysis is infinitely more than just investigating National Fuel Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Fuel Gas is a good investment. Please check the relationship between National Fuel Other Operating Expenses and its Total Revenue accounts. 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.

Other Operating Expenses vs Total Revenue

Other Operating Expenses vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Fuel Gas Other Operating Expenses account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.

The correlation between National Fuel's Other Operating Expenses and Total Revenue is 0.86. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Revenue in the same time period over historical financial statements of National Fuel Gas, assuming nothing else is changed. The correlation between historical values of National Fuel's Other Operating Expenses and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of National Fuel Gas are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Other Operating Expenses i.e., National Fuel's Other Operating Expenses and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

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.

Most indicators from National Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Enterprise Value Multiple is most likely to slightly decrease in the upcoming years.

	2021	2022	2023	2024 (projected)
Gross Profit	903.0M	847.8M	763.1M	680.4M
Total Revenue	2.2B	2.2B	2.5B	1.7B

Gross Profit Total Revenue

National Fuel fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.94	0.88	0.42	0.4	0.66	0.92	-0.73	0.86	0.64	0.75	0.04	0.93	-0.19	0.04	0.43	0.99	0.93	0.42	0.74	0.22	0.93	0.56	0.44	0.12	0.99
Total Assets	0.94		0.9	0.52	0.5	0.6	0.99	-0.56	0.91	0.62	0.8	-0.1	1.0	-0.1	-0.1	0.5	0.93	0.94	0.45	0.71	0.4	0.97	0.53	0.37	0.18	0.93
Short Long Term Debt Total	0.88	0.9		0.58	0.52	0.43	0.88	-0.53	0.98	0.39	0.79	0.08	0.88	-0.41	0.08	0.51	0.87	0.89	0.49	0.6	0.54	0.94	0.45	0.48	0.13	0.87
Other Current Liab	0.42	0.52	0.58		0.95	0.14	0.52	-0.03	0.63	0.31	0.57	-0.22	0.49	-0.34	-0.22	0.9	0.39	0.33	0.9	0.14	0.54	0.63	0.2	0.47	0.5	0.39
Total Current Liabilities	0.4	0.5	0.52	0.95		0.18	0.48	0.07	0.55	0.36	0.57	-0.12	0.46	-0.35	-0.12	0.91	0.36	0.26	0.9	0.16	0.51	0.59	0.25	0.56	0.73	0.36
Total Stockholder Equity	0.66	0.6	0.43	0.14	0.18		0.62	-0.36	0.45	0.96	0.48	-0.14	0.61	0.05	-0.14	0.21	0.6	0.49	0.19	0.79	0.16	0.48	0.94	0.1	0.03	0.61
Property Plant And Equipment Net	0.92	0.99	0.88	0.52	0.48	0.62		-0.5	0.92	0.63	0.77	-0.18	1.0	-0.07	-0.18	0.49	0.9	0.92	0.44	0.73	0.46	0.95	0.55	0.28	0.13	0.9
Current Deferred Revenue	-0.73	-0.56	-0.53	-0.03	0.07	-0.36	-0.5		-0.49	-0.27	-0.46	-0.18	-0.55	-0.01	-0.18	-0.03	-0.78	-0.74	-0.07	-0.39	0.38	-0.6	-0.15	-0.3	0.26	-0.78
Net Debt	0.86	0.91	0.98	0.63	0.55	0.45	0.92	-0.49		0.44	0.79	-0.15	0.91	-0.29	-0.15	0.55	0.85	0.89	0.53	0.63	0.6	0.95	0.48	0.33	0.09	0.85
Retained Earnings	0.64	0.62	0.39	0.31	0.36	0.96	0.63	-0.27	0.44		0.5	-0.24	0.62	0.08	-0.24	0.38	0.57	0.44	0.37	0.73	0.17	0.5	0.88	0.14	0.18	0.58
Accounts Payable	0.75	0.8	0.79	0.57	0.57	0.48	0.77	-0.46	0.79	0.5		-0.02	0.77	-0.15	-0.02	0.56	0.73	0.74	0.5	0.53	0.36	0.83	0.44	0.53	0.23	0.73
Cash	0.04	-0.1	0.08	-0.22	-0.12	-0.14	-0.18	-0.18	-0.15	-0.24	-0.02		-0.16	-0.54	1.0	-0.22	0.06	-0.01	-0.2	-0.12	-0.26	-0.05	-0.13	0.67	0.16	0.05
Non Current Assets Total	0.93	1.0	0.88	0.49	0.46	0.61	1.0	-0.55	0.91	0.62	0.77	-0.16		-0.04	-0.16	0.47	0.92	0.94	0.42	0.72	0.41	0.96	0.54	0.29	0.14	0.92
Non Currrent Assets Other	-0.19	-0.1	-0.41	-0.34	-0.35	0.05	-0.07	-0.01	-0.29	0.08	-0.15	-0.54	-0.04		-0.54	-0.39	-0.16	-0.07	-0.36	-0.12	-0.37	-0.19	-0.12	-0.61	-0.25	-0.16
Cash And Short Term Investments	0.04	-0.1	0.08	-0.22	-0.12	-0.14	-0.18	-0.18	-0.15	-0.24	-0.02	1.0	-0.16	-0.54		-0.22	0.06	-0.01	-0.2	-0.12	-0.26	-0.05	-0.13	0.67	0.16	0.05
Net Receivables	0.43	0.5	0.51	0.9	0.91	0.21	0.49	-0.03	0.55	0.38	0.56	-0.22	0.47	-0.39	-0.22		0.4	0.29	0.95	0.18	0.44	0.58	0.22	0.52	0.6	0.39
Common Stock Total Equity	0.99	0.93	0.87	0.39	0.36	0.6	0.9	-0.78	0.85	0.57	0.73	0.06	0.92	-0.16	0.06	0.4		0.95	0.39	0.68	0.16	0.93	0.48	0.42	0.09	1.0
Non Current Liabilities Total	0.93	0.94	0.89	0.33	0.26	0.49	0.92	-0.74	0.89	0.44	0.74	-0.01	0.94	-0.07	-0.01	0.29	0.95		0.27	0.63	0.25	0.93	0.4	0.32	-0.06	0.95
Inventory	0.42	0.45	0.49	0.9	0.9	0.19	0.44	-0.07	0.53	0.37	0.5	-0.2	0.42	-0.36	-0.2	0.95	0.39	0.27		0.13	0.39	0.56	0.21	0.53	0.58	0.39
Other Current Assets	0.74	0.71	0.6	0.14	0.16	0.79	0.73	-0.39	0.63	0.73	0.53	-0.12	0.72	-0.12	-0.12	0.18	0.68	0.63	0.13		0.31	0.59	0.76	0.09	0.0	0.69
Other Stockholder Equity	0.22	0.4	0.54	0.54	0.51	0.16	0.46	0.38	0.6	0.17	0.36	-0.26	0.41	-0.37	-0.26	0.44	0.16	0.25	0.39	0.31		0.39	0.38	0.02	0.16	0.17
Total Liab	0.93	0.97	0.94	0.63	0.59	0.48	0.95	-0.6	0.95	0.5	0.83	-0.05	0.96	-0.19	-0.05	0.58	0.93	0.93	0.56	0.59	0.39		0.42	0.47	0.22	0.93
Property Plant And Equipment Gross	0.56	0.53	0.45	0.2	0.25	0.94	0.55	-0.15	0.48	0.88	0.44	-0.13	0.54	-0.12	-0.13	0.22	0.48	0.4	0.21	0.76	0.38	0.42		0.08	0.09	0.5
Total Current Assets	0.44	0.37	0.48	0.47	0.56	0.1	0.28	-0.3	0.33	0.14	0.53	0.67	0.29	-0.61	0.67	0.52	0.42	0.32	0.53	0.09	0.02	0.47	0.08		0.55	0.42
Short Term Debt	0.12	0.18	0.13	0.5	0.73	0.03	0.13	0.26	0.09	0.18	0.23	0.16	0.14	-0.25	0.16	0.6	0.09	-0.06	0.58	0.0	0.16	0.22	0.09	0.55		0.09
Common Stock	0.99	0.93	0.87	0.39	0.36	0.61	0.9	-0.78	0.85	0.58	0.73	0.05	0.92	-0.16	0.05	0.39	1.0	0.95	0.39	0.69	0.17	0.93	0.5	0.42	0.09

Click cells to compare fundamentals

National Fuel Account Relationship Matchups

National Fuel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	88.0M	91.7M	92.1M	92.3M	106.1M	84.3M
Total Assets	7.0B	7.5B	7.9B	8.3B	9.5B	5.2B
Short Long Term Debt Total	2.7B	2.8B	2.7B	2.7B	3.1B	1.7B
Other Current Liab	262.9M	869.5M	1.1B	316.9M	364.4M	197.3M
Total Current Liabilities	459.6M	1.2B	1.9B	806.3M	927.3M	636.7M
Total Stockholder Equity	2.0B	1.8B	2.1B	3.0B	3.4B	3.6B
Property Plant And Equipment Net	6.0B	6.4B	6.6B	7.3B	8.4B	4.2B
Current Deferred Revenue	32.5M	36.5M	50.4M	49.8M	44.8M	39.7M
Net Debt	2.6B	2.8B	2.6B	2.6B	3.0B	1.6B
Retained Earnings	991.6M	1.2B	1.6B	1.9B	2.2B	2.3B
Accounts Payable	134.1M	171.7M	178.9M	152.2M	175.0M	136.0M
Cash	20.5M	31.5M	46.0M	55.4M	63.8M	109.5M
Non Current Assets Total	6.7B	6.9B	7.1B	7.9B	9.0B	4.8B
Non Currrent Assets Other	209.6M	60.1M	(230.1M)	77.0M	69.3M	65.9M
Cash And Short Term Investments	20.5M	31.5M	46.0M	55.4M	63.8M	109.5M
Net Receivables	160.9M	222.3M	391.7M	177.2M	203.8M	175.2M
Common Stock Total Equity	86.3M	91.0M	91.2M	91.5M	105.2M	80.4M
Liabilities And Stockholders Equity	7.0B	7.5B	7.9B	8.3B	9.5B	5.2B
Non Current Liabilities Total	4.5B	4.4B	3.9B	4.5B	5.2B	2.9B
Inventory	85.2M	120.4M	172.3M	81.5M	93.7M	95.0M
Other Current Assets	47.6M	59.7M	59.4M	100.3M	115.3M	78.5M
Other Stockholder Equity	1.0B	1.0B	1.0B	1.0B	1.2B	770.7M
Total Liab	5.0B	5.7B	5.8B	5.3B	6.1B	3.5B
Property Plant And Equipment Gross	6.0B	6.4B	6.6B	13.6B	15.7B	16.5B
Total Current Assets	314.2M	522.4M	761.1M	414.4M	476.6M	476.8M
Accumulated Other Comprehensive Income	(114.8M)	(513.6M)	(625.7M)	(55.1M)	(63.3M)	(66.5M)
Short Term Debt	30M	158.5M	609M	287.5M	258.8M	198.2M
Common Stock	91.0M	91.2M	91.5M	91.8M	105.6M	81.1M
Other Liab	1.9B	1.8B	1.8B	2.1B	2.4B	2.5B
Other Assets	514.8M	7.2B	468.2M	486.5M	559.5M	815.7M
Long Term Debt	2.6B	2.6B	2.1B	2.4B	2.7B	1.7B
Property Plant Equipment	53.4M	6.4B	6.6B	7.3B	8.4B	4.5B
Net Tangible Assets	4.6B	1.8B	2.1B	3.0B	2.7B	2.7B
Retained Earnings Total Equity	1.3B	991.6M	1.2B	1.6B	1.8B	1.2B
Long Term Debt Total	2.6B	2.6B	2.1B	2.4B	2.7B	2.1B
Capital Surpluse	1.0B	1.0B	1.0B	1.0B	1.2B	908.4M
Deferred Long Term Liab	835.2M	252.7M	259.7M	191.2M	172.1M	163.5M

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:

How To Invest In National

Details

Is National Stock a good investment?

Details

What is National Fuel's Net Worth?

Details

Largest Gas Utilities Companies

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Largest Oil & Gas Integrated Companies

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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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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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.

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National Other Operating Expenses vs Total Revenue Analysis

Other Operating Expenses vs Total Revenue

Other Operating Expenses vs Total Revenue Correlation Analysis

Correlation Coefficient

Other Operating Expenses

Total Revenue

National Fuel fundamental ratios Correlations

National Fuel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

National Fuel fundamental ratios Accounts

National Fuel Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for National Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Common Stock Shares Outstanding

Common Stock	- 0.78	Current Deferred Revenue
Common Stock Total Equity	- 0.78	Current Deferred Revenue
Non Current Liabilities Total	- 0.74	Current Deferred Revenue
Current Deferred Revenue	- 0.73	Common Stock Shares Outstanding
Total Current Assets	- 0.61	Non Currrent Assets Other
Total Liab	- 0.6	Current Deferred Revenue