The WACC of National Fuel Gas Co (NFG) is 5.6%.
| Range | Selected | |
| Cost of equity | 5.60% - 7.50% | 6.55% |
| Tax rate | 17.50% - 20.30% | 18.90% |
| Cost of debt | 4.60% - 4.70% | 4.65% |
| WACC | 5.0% - 6.2% | 5.6% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.39 | 0.46 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.60% | 7.50% |
| Tax rate | 17.50% | 20.30% |
| Debt/Equity ratio | 0.5 | 0.5 |
| Cost of debt | 4.60% | 4.70% |
| After-tax WACC | 5.0% | 6.2% |
| Selected WACC | 5.6% | |