National Fuel Gas Company (NFG)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	440,197	476,866	561,331	576,869	603,317	566,020	494,840	473,157	418,265	363,647	131,140	85,915	-132,589	-123,772	69,055	91,558	288,221	304,290	295,003	294,275
Revenue (ttm)	US$ in thousands	2,040,273	2,173,771	2,239,970	2,313,890	2,298,349	2,186,047	2,106,889	1,998,662	1,848,057	1,742,660	1,674,661	1,603,283	1,543,263	1,546,291	1,551,643	1,585,824	1,647,273	1,693,332	1,689,187	1,674,899
Net profit margin		21.58%	21.94%	25.06%	24.93%	26.25%	25.89%	23.49%	23.67%	22.63%	20.87%	7.83%	5.36%	-8.59%	-8.00%	4.45%	5.77%	17.50%	17.97%	17.46%	17.57%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $440,197K ÷ $2,040,273K
= 21.58%

National Fuel Gas Co.'s net profit margin has shown consistency and strength over the past eight quarters, ranging from 21.58% to 26.25%. The company has maintained a healthy level of profitability, with the highest margin recorded in Q1 2023 at 26.25% and the lowest in Q1 2024 at 21.58%. The quarterly variations in net profit margin indicate that the company's ability to generate profits relative to its revenue has remained robust. Overall, the trend suggests that National Fuel Gas Co. has been effectively managing its operating costs and expenses to sustain a solid level of profitability.