National Fuel Gas Company (NFG)

Financial leverage ratio

Sep 30, 2025 Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
Total assets US$ in thousands 8,319,770 8,280,260 7,896,260 7,464,820
Total stockholders’ equity US$ in thousands 2,848,340 2,963,380 2,079,900 1,786,210
Financial leverage ratio 2.92 2.79 3.80 4.18

September 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $—K ÷ $—K
= —