• National Fuel Gas average price to free cash flow ratio for 2023 was 19.51, a 82.57% increase from 2022.
• National Fuel Gas average price to free cash flow ratio for 2022 was 111.94, a 140.32% decline from 2021.
• National Fuel Gas average price to free cash flow ratio for 2021 was 46.58, a 10.9% increase from 2020.

Price to free cash flow ratio can be defined as