Filing Flows › National Fuel Gas (NFG) › Operating margin
National Fuel Gas (NFG) operating margin by quarter
National Fuel Gas' operating margin was 38.9% in Q3 FY26 (third quarter fiscal 2026), -1.6 pts from Q2 FY26. Over the last 6 quarters it ranged from 38.6% (Q4 FY25) to 43.5% (Q2 FY25).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 38.9% | -1.6 pts | -4.4 pts |
| Q2 FY26 | 40.4% | -1.9 pts | -3.0 pts |
| Q1 FY26 | 42.4% | +3.8 pts | — |
| Q4 FY25 | 38.6% | -4.7 pts | — |
| Q3 FY25 | 43.3% | -0.2 pts | — |
| Q2 FY25 | 43.5% | — | — |
Q3 FY26 at a glance
National Fuel Gas, Q3 FY26: revenue $537M (+1% year over year), operating margin 38.9%, net earnings $139M, operating cash flow $377M. The chart follows the revenue to costs, profit and cash.
Questions
What is National Fuel Gas' operating margin?
National Fuel Gas' operating margin was 38.9% in Q3 FY26 (third quarter fiscal 2026), -1.6 pts from Q2 FY26.
How has National Fuel Gas' operating margin changed?
Over the last 6 quarters it ranged from 38.6% (Q4 FY25) to 43.5% (Q2 FY25).