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How NATIONAL FUEL GAS CO makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.2B · 100%Cost of revenue$213M · 10%Gross profit$2.0B · 90%Operating income$813M · 37%Income before tax$694M · 31%Income tax$176M · 8%Net income$519M · 23%As of 2025-09-30 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.2B100%
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
Cost of revenue$213M10%
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
$2.0B90%
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
$813M37%
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
Income before tax$694M31%
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
Income tax$176M8%
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
$519M23%
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
Source:
  • 10-K · FY 2025Filing detailsAccession 0000070145-25-000039 · filed Nov 21, 2025
· event Sep 30, 2025 · retrieved Oct 16, 2026 · annual-row source set
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