The WACC of National Fuel Gas Co (NFG) is 5.8%.
| Range | Selected | |
| Cost of equity | 5.80% - 7.60% | 6.70% |
| Tax rate | 17.50% - 20.30% | 18.90% |
| Cost of debt | 4.60% - 4.70% | 4.65% |
| WACC | 5.2% - 6.4% | 5.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.42 | 0.49 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.80% | 7.60% |
| Tax rate | 17.50% | 20.30% |
| Debt/Equity ratio | 0.44 | 0.44 |
| Cost of debt | 4.60% | 4.70% |
| After-tax WACC | 5.2% | 6.4% |
| Selected WACC | 5.8% | |