National Fuel Gas Company (NFG)

Net profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	77,513	318,811	465,589	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
Revenue (ttm)	US$ in thousands	1,944,810	1,941,689	1,952,951	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
Net profit margin		3.99%	16.42%	23.84%	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%

September 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $77,513K ÷ $1,944,810K
= 3.99%

The net profit margin of National Fuel Gas Company has varied over the past few quarters, demonstrating some fluctuation in the company's profitability.

Looking at the trend, the net profit margin has generally been positive, with occasional dips into negative territory, particularly evident in the last few quarters of 2019 and 2020.

From December 2020 to September 2022, there was a consistent improvement in the net profit margin, reaching a peak in December 2022 at 26.25%. However, there was a slight decline in the subsequent quarters but still remained relatively healthy.

The company experienced a significant drop in the net profit margin in the last two quarters, with a negative net profit margin in both December 2023 and March 2024. This could indicate challenges or exceptional circumstances impacting the company's bottom line during that period.

It is essential for National Fuel Gas Company to closely monitor its expenses, revenue, and overall financial performance to ensure sustainable profitability and address any issues that may arise in maintaining a healthy net profit margin.