National Fuel Gas CompanyNFG
NYSE•Energy•Oil & Gas Integrated
Understand cash generation quality and how management allocates capital.
Free cash flow was $161.72M in the latest quarter (169.8% increase YoY). FCF margin is 6.4%. Shares outstanding increased by 5.0% year-over-year, indicating dilution (potentially from stock compensation or capital raises). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation