National Fuel Gas Co (National Fuel Gas Co) Gross Margin % : 43.69% (As of Dec. 2023)

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What is National Fuel Gas Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. National Fuel Gas Co's Gross Profit for the three months ended in Dec. 2023 was $230 Mil. National Fuel Gas Co's Revenue for the three months ended in Dec. 2023 was $525 Mil. Therefore, National Fuel Gas Co's Gross Margin % for the quarter that ended in Dec. 2023 was 43.69%.

The historical rank and industry rank for National Fuel Gas Co's Gross Margin % or its related term are showing as below:

NFG' s Gross Margin % Range Over the Past 10 Years
Min: 31.25 Med: 38.47 Max: 43.6
Current: 39.05

During the past 13 years, the highest Gross Margin % of National Fuel Gas Co was 43.60%. The lowest was 31.25%. And the median was 38.47%.

NFG's Gross Margin % is ranked better than
63.89% of 925 companies
in the Oil & Gas industry
Industry Median: 27.82 vs NFG: 39.05

National Fuel Gas Co had a gross margin of 43.69% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for National Fuel Gas Co was 2.20% per year.

National Fuel Gas Co Gross Margin % Historical Data

The historical data trend for National Fuel Gas Co's Gross Margin % 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 Gross Margin % Chart

National Fuel Gas Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Gross Margin %

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35.47

36.71

43.60

41.31

39.00

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
Gross Margin %	Get a 7-Day Free Trial															42.58	34.40	40.71	39.57	43.69

Competitive Comparison of National Fuel Gas Co's Gross Margin %

For the Oil & Gas Integrated subindustry, National Fuel Gas Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, National Fuel Gas Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where National Fuel Gas Co's Gross Margin % falls into.

National Fuel Gas Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

National Fuel Gas Co's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )	=	Gross Profit (A: Sep. 2023 )	/	Revenue (A: Sep. 2023 )
	=	847.8	/	2173.771
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2173.771 - 1325.924)	/	2173.771
	=	39.00 %

National Fuel Gas Co's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	229.5	/	525.361
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(525.361 - 295.835)	/	525.361
	=	43.69 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

National Fuel Gas Co (NYSE:NFG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

National Fuel Gas Co had a gross margin of 43.69% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

National Fuel Gas Co Gross Margin % 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 » Gross Margin %

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