National Fuel Gas Co (National Fuel Gas Co) EBIT : $723 Mil (TTM As of Dec. 2023)

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What is National Fuel Gas Co EBIT?

National Fuel Gas Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $211 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $723 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Fuel Gas Co's annualized ROC % for the quarter that ended in Dec. 2023 was 7.38%. National Fuel Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. National Fuel Gas Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.39%.

National Fuel Gas Co EBIT Historical Data

The historical data trend for National Fuel Gas Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National Fuel Gas Co EBIT Chart

National Fuel Gas Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

Get a 7-Day Free Trial

496.27

12.04

624.69

813.01

773.29

National Fuel Gas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															260.69	224.26	157.65	130.69	210.84

Competitive Comparison of National Fuel Gas Co's EBIT

For the Oil & Gas Integrated subindustry, National Fuel Gas Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

National Fuel Gas Co's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, National Fuel Gas Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where National Fuel Gas Co's EV-to-EBIT falls into.

National Fuel Gas Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $723 Mil.

National Fuel Gas Co (NYSE:NFG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

National Fuel Gas Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	828.44 * ( 1 - 24.47% )	/	( (8351.759	+	8612.343)	/ 2 )
=	625.720732	/	8482.051
=	7.38 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8280.26	-	320.385	-	( 55.447	-	max(0, 806.312	-	414.428	+	55.447	))
=	8351.759

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8587.492	-	328.792	-	( 41.685	-	max(0, 807.245	-	453.602	+	41.685	))
=	8612.343

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

National Fuel Gas Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	843.368	/	( ( (7299.862 + max(-221.374, 0))	+	(7421.931 + max(-187.378, 0)) )	/	2 )
=	843.368	/	( ( 7299.862	+	7421.931 )	/	2 )
=	843.368	/	7360.8965
=	11.46 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(160.601	+	81.498	+	55.339)	-	(320.385	+	49.767	+	148.66)
=	-221.374

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(189.669	+	74.583	+	55.615)	-	(328.792	+	53.929	+	124.524)
=	-187.378

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

National Fuel Gas Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	723.437	/	7701.645
	=	9.39 %

National Fuel Gas Co EBIT Related Terms

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National Fuel Gas Co (National Fuel Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Fuel Gas Co (NYSE:NFG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NFG:Germany NFG:Germany

Address

6363 Main Street, Williamsville, NY, USA, 14221

Website

http://www.nationalfuelgas.com

National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. Geographically it generates revenue from the United States and majorly it generates revenue from Exploration and Production segment.

Executives

Timothy J Silverstein	officer: Treasurer & Prin. Fin.Officer	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Michael W Reville	officer: General Counsel and Secretary	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Ronald C Kraemer	officer: Pres - Empire Pipeline	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Ronald J Tanski	officer: Controller	NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Justin I Loweth	officer: Pres - Seneca Resources	1201 LOUISIANA STREET, SUITE 2600, HOUSTON TX 77002
Donna L Decarolis	officer: President, Horizon Power	6363 MAIN ST., WILLIAMSVILLE NY 14221
David P Bauer	officer: Treasurer, Prin.Fin. Officer	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Sarah J Mugel	officer: General Counsel and Secretary	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Barbara M Baumann	director	1776 LINCOLN ST, STE 700, DENVER CO 80203
Paula M Ciprich	officer: General Counsel. NFG Co.	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Michael P Kasprzak	officer: President NFG Midstream Co	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Elena G Mendel	officer: Controller	6363 MAIN STREET, WILLIAMSVILLE NY 14221
Martin A Krebs	officer: Chief Information Officer	6363 MAIN STREET, WILLIAMSVILLE NY 14221
David Hugo Anderson	director
John P Mcginnis	officer: COO - Seneca Resources	1201 LOUISIANA STREET, SUITE 2600, HOUSTON TX 77002