The WACC of National Fuel Gas Co (NFG) is 6.4%.
| Range | Selected | |
| Cost of equity | 6.60% - 9.00% | 7.80% |
| Tax rate | 20.20% - 22.70% | 21.45% |
| Cost of debt | 4.70% - 4.70% | 4.70% |
| WACC | 5.7% - 7.2% | 6.4% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.6 | 0.73 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.60% | 9.00% |
| Tax rate | 20.20% | 22.70% |
| Debt/Equity ratio | 0.51 | 0.51 |
| Cost of debt | 4.70% | 4.70% |
| After-tax WACC | 5.7% | 7.2% |
| Selected WACC | 6.4% | |