• National Fuel Gas average price to free cash flow ratio for 2023 was 19.67, a 82.58% increase from 2022.
• National Fuel Gas average price to free cash flow ratio for 2022 was 112.89, a 140.34% decline from 2021.
• National Fuel Gas average price to free cash flow ratio for 2021 was 46.97, a 10.88% increase from 2020.

Price to free cash flow ratio can be defined as