National Fuel Gas Company (NFG)
Return on equity (ROE)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 77,513 | 476,866 | 566,021 | 363,647 | -123,772 |
| Total stockholders’ equity | US$ in thousands | -15,476 | -55,060 | -625,733 | 1,786,210 | 1,971,990 |
| ROE | — | — | — | 20.36% | -6.28% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $77,513K ÷ $-15,476K
= —
The return on equity (ROE) for National Fuel Gas Company has fluctuated over the past five years, ranging from -6.28% in September 2020 to 20.36% in September 2021. The ROE in 2021 indicated that the company generated a return of 20.36% on the equity invested by its shareholders. This improvement in ROE from a negative figure in 2020 to a positive one in 2021 suggests a recovery in the company's profitability and efficiency in generating returns for its shareholders. However, without the data for the most recent years, it is difficult to provide a comprehensive trend analysis or identify the factors driving the changes in ROE over time. Further data and analysis would be necessary to determine the sustainability and consistency of National Fuel Gas Company's ROE performance.
Peer comparison
Sep 30, 2024