National Fuel Gas Company (NFG)

Debt-to-capital ratio

Sep 30, 2025 Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
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
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

September 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,094,600K)
= 0.00