National Fuel Gas Company (NFG)

Operating 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
Operating income (ttm)	US$ in thousands	209,723	531,596	737,132	707,886	755,146	807,638	834,239	859,228	814,517	768,995	738,368	706,041	639,924	333,672	263,999	25,380	29,858	287,777	320,207	498,146
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
Operating profit margin		10.78%	27.38%	37.74%	34.70%	34.74%	36.06%	36.05%	37.38%	37.26%	36.50%	36.94%	38.20%	36.72%	19.92%	16.47%	1.64%	1.93%	18.55%	20.19%	30.24%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $209,723K ÷ $1,944,810K
= 10.78%

The operating profit margin of National Fuel Gas Company has exhibited fluctuating trends over the past few quarters. In the most recent quarter, ending on September 30, 2024, the operating profit margin stood at 10.78%, indicating a significant decline from the previous quarter's figure of 27.38%. However, it is important to note that the operating profit margin has been relatively volatile, with notable fluctuations recorded in earlier periods as well.

Looking back over the past few years, the company has demonstrated varying levels of operating profitability. The highest operating profit margin in recent quarters was observed in the quarter ending December 31, 2021, at 38.20%, while the lowest margin was reported in the quarter ending December 31, 2020, at 1.64%.

Overall, the analysis of the operating profit margin suggests that National Fuel Gas Company has experienced fluctuations in its operating profitability, potentially influenced by factors such as changes in revenue, costs, and operational efficiency. Monitoring and evaluating these fluctuations can provide insights into the company's financial performance and operational effectiveness.