National Fuel Gas Company (NFG)

Return on equity (ROE)

Sep 30, 2025 Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
Net income US$ in thousands 518,504 77,513 476,866 566,021 363,647
Total stockholders’ equity US$ in thousands 3,094,600 2,848,340 2,963,380 2,079,900 1,786,210
ROE 16.76% 2.72% 16.09% 27.21% 20.36%

September 30, 2025 calculation

ROE = Net income ÷ Total stockholders’ equity
= $518,504K ÷ $3,094,600K
= 16.76%