National Fuel Gas Company (NFG)
Return on total capital
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 849,887 | 471,848 | 184,810 | 109,019 | 225,950 | 549,970 | 755,869 | 723,437 | 773,283 | 815,591 | 832,992 | 865,115 | 813,007 | 772,125 | 745,119 | 691,899 | 624,685 | 318,751 | 253,653 | 8,429 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,094,600 | 2,975,490 | 2,765,610 | 2,752,810 | 2,848,340 | 3,113,520 | 3,303,470 | 3,174,000 | 2,963,380 | 2,935,900 | 2,878,730 | 2,536,860 | 2,079,900 | 2,003,950 | 1,863,660 | 2,110,200 | 1,786,210 | 2,011,110 | 2,098,970 | 2,044,620 |
| Return on total capital | 27.46% | 15.86% | 6.68% | 3.96% | 7.93% | 17.66% | 22.88% | 22.79% | 26.09% | 27.78% | 28.94% | 34.10% | 39.09% | 38.53% | 39.98% | 32.79% | 34.97% | 15.85% | 12.08% | 0.41% |
September 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $849,887K ÷ ($—K + $3,094,600K)
= 27.46%