National Fuel Gas Company (NFG)
Return on total capital
| Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 849,887 | 225,950 | 773,285 | 813,007 | 624,686 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,094,600 | 2,848,340 | 2,963,380 | 2,079,900 | 1,786,210 |
| Return on total capital | 27.46% | 7.93% | 26.09% | 39.09% | 34.97% |
September 30, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $849,887K ÷ ($—K + $3,094,600K)
= 27.46%