National Fuel Gas Company (NFG)

Operating return on assets (Operating ROA)

Sep 30, 2025 Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
Operating income US$ in thousands 813,459 209,724 755,147 814,516 639,924
Total assets US$ in thousands 8,719,100 8,319,770 8,280,260 7,896,260 7,464,820
Operating ROA 9.33% 2.52% 9.12% 10.32% 8.57%

September 30, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $813,459K ÷ $8,719,100K
= 9.33%