Is NATIONAL FUEL GAS CO (NFG) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 32.1% / 30% | 0.5% / 30% | 2.6% / 30% | 4.63% / 5% | ✗ NOT HALAL |
| DJIM | 32.1% / 33% | 0.5% / 33% | 2.6% / 33% | 4.63% / 5% | ✓ HALAL |
| MSCI | 32.5% / 33% | 0.5% / 33% | 2.6% / 33% | 4.63% / 5% | ✓ HALAL |
| S&P | 32.1% / 33% | 0.5% / 33% | 2.6% / 33% | 4.63% / 5% | ✓ HALAL |
| FTSE | 32.5% / 33% | 0.5% / 33% | 2.6% / 50% | 4.63% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 66.0% | |
| Operating Margin | 43.5% | |
| Net Margin | 27.5% | |
| Return on Equity (ROE) | 20.7% | |
| Return on Assets (ROA) | 7.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.1B |
| Free Cash Flow | $187M |
| Total Debt | $2.8B |
| Debt-to-Equity | 77.3 |
| Current Ratio | 0.6 |
| Total Assets | $8.7B |
Price & Trading
| Last Close | $94.68 |
| 50-Day MA | $88.37 |
| 200-Day MA | $85.44 |
| Avg Volume | 793K |
| Beta | 0.6 |
|
52-Week Range
$69.93
| |
About NATIONAL FUEL GAS CO (NFG)
National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. The Integrated Upstream and Gathering segment explores for, develops, and produces natural gas and oil. It also builds, owns, and operates gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and storage services through its underground natural gas storage fields. This segment also transports and stores natural gas for National Fuel Gas Distribution Corporation, as well as for utilities, industrial companies, and power producers in New York State. The Utility segment sells natural gas to retail customers; and provides natural gas utility services to various customers in Buffalo, Niagara Falls, and Jamestown, New York, as well as in Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
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Frequently Asked Questions
Is NATIONAL FUEL GAS CO (NFG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NATIONAL FUEL GAS CO is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is NATIONAL FUEL GAS CO's debt ratio?
NATIONAL FUEL GAS CO's debt ratio is 32.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 32.5%.
What are NATIONAL FUEL GAS CO's key financial metrics?
NATIONAL FUEL GAS CO has a market capitalization of $9.1B, trailing P/E ratio of 13.3, and revenue of $2.3B. The company maintains a gross margin of 66.0% and a net margin of 27.5%. Return on equity stands at 20.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.