Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1,743 | $2,186 | $2,174 | $1,945 | $2,278 |
| Gross Profit | $1,571 | $1,794 | $1,736 | $1,795 | $2,064 |
| Operating Income | $640 | $815 | $755 | $210 | $813 |
| Net Income | $364 | $566 | $477 | $78 | $519 |
Over the five-year period, National Fuel Gas Company exhibited notable volatility in its income statement metrics. In 2021, the company posted revenue of approximately 1743 million USD, which surged by about 25% to 2186 million USD in 2022—a particularly strong year marked by similar robust gains in operating income (a 27% increase from 640 to 815 million USD) and an even sharper rise in net income (up nearly 56% from 364 to 566 million USD). Gross profit also improved, albeit at a more moderate pace, increasing from 1571 to 1794 million USD. However, 2023 saw a slight contraction in revenue alongside a 7% decrease in operating income and a 16% drop in net income, suggesting early signs of margin pressures or operational inefficiencies. A dramatic shift occurred in 2024, when revenue declined by roughly 10% relative to 2023, yet gross profit remained relatively stable, hinting at potential cost pressures impacting profitability. Most notably, operating income and net income plunged—operating income fell by nearly 72% and net income by over 83%—indicating a significant compression in profitability during that year. Fortunately, 2025 witnessed a robust rebound, with revenue climbing to about 2278 million USD, and a near-complete recovery in operating income and net income, which jumped to 813 and 519 million USD, respectively. This recovery suggests that the operational challenges of 2024 may have been temporary, possibly reflecting cyclical industry conditions common in the energy sector. Overall, while the company demonstrates the potential for strong financial performance, the substantial year-over-year swings in profitability underline the need for careful monitoring of cost management and market conditions to ensure sustainable long-term financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.