What is the tick value for NG?

$10.00 per tick — a 0.001 tick size × a $10000 multiplier (point value).

What is one NG contract worth?

One contract represents 10,000 MMBtu of natural gas. Notional value = price × $10000; use the tick value calculator with the current price for an exact figure.

Which exchange lists NG?

Natural Gas (NG) trades on the NYMEX.

What are the trading hours for NG?

Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.

How much margin do I need to trade NG?

Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.

What are the NG contract months?

NG lists January, February, March, April, May, June, July, August, September, October, November and December.

What does NGZ2026 mean?

It is one specific NG contract: the root NG, the delivery-month code Z, and the year. Z is December, so NGZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.

What is NG00, NG1! or /NG?

All three name the same thing: the continuous front-month NG contract, written differently by different platforms. Barchart uses NG00, TradingView NG1!, thinkorswim and tastytrade /NG, Yahoo Finance NG=F, and NG on social media is usually written $NG. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.

How is P&L calculated for NG?

P&L = (exit price − entry price) ÷ 0.001 tick size × $10.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

NYMEX

Natural Gas (NG) Tick Value & Contract Specs

Tick value $10.00 per tick — 10,000 MMBtu of natural gas.

Natural Gas futures (NG) — 10,000 MMBtu of Henry Hub gas per contract — have earned the nickname 'the widow-maker' honestly. The tick is $0.001 per MMBtu, worth $10 per contract, which sounds tame until you notice the price can move 10 to 30 cents in a session: that is $1,000 to $3,000 per contract in a single day, and weather-driven winters have repeatedly produced moves several times larger than that.

Gas is the most seasonal of the major futures markets. Thursday's EIA storage report, hurricane paths through the Gulf, and cold-snap forecasts each move the price sharply, and the contract's volatility regime can double within weeks. Margins follow. For traders drawn to that movement, the discipline is arithmetic: know exactly what a 10-cent stop costs (100 ticks × $10 = $1,000 per contract) before entry, not after. The calculator below is pre-filled with NG's specs so that conversion takes seconds.

Exchange: NYMEX
Contract size: 10,000 MMBtu of natural gas
Tick size: 0.001
Tick value: $10.00
Point value (multiplier): $10000
Trading hours: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
Margin: Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.

Open in the tick value calculator, pre-filled for NG View the live NG chart on TradingView

How NG tick value works

Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).

tick value = tick size × multiplier. For NG, that is 0.001 × $10000 = $10.00 per tick, per contract.

One contract represents 10,000 MMBtu of natural gas. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.

NG contract months and ticker symbols

A futures ticker is three parts: the root, a one-letter delivery month, and the year. NGZ2026 is the December 2026 NG contract. The month letters skip I and L, which would read as 1 and 7 on a ticker.

Delivery month codes, with the months NG lists marked
Code	Month	Listed for NG?
F	January	Yes — NGF
G	February	Yes — NGG
H	March	Yes — NGH
J	April	Yes — NGJ
K	May	Yes — NGK
M	June	Yes — NGM
N	July	Yes — NGN
Q	August	Yes — NGQ
U	September	Yes — NGU
V	October	Yes — NGV
X	November	Yes — NGX
Z	December	Yes — NGZ

Which NG contract am I looking at?

Most charts default to the continuous front-month series rather than a dated contract — one stitched-together chart that rolls to the next month as the current one nears expiry. Every platform spells it differently, which is why the same contract appears under so many names.

Written as	Platform	Meaning
NG1!	TradingView	Continuous front-month contract. "2!" is the next one out, and a dated contract is written in full, e.g. NGZ2026.
NG00	Barchart	Continuous front-month series. "NGZ26" style codes name a specific month and year instead.
NGc1	Refinitiv / Reuters	Continuous front month; c2 is the second month out.
/NG	thinkorswim, tastytrade	The leading slash marks it as a future rather than a stock. A specific month is /NGZ26.
NG=F	Yahoo Finance	The "=F" suffix denotes the front-month futures series.
$NG	StockTwits, social	A cashtag, not an exchange symbol. It usually means the front month, but it is informal and ambiguous.

A dated code such as NGZ26 always means one specific contract; the continuous forms never do. Check which you are quoting before comparing a price to someone else’s — around a roll they differ.

Frequently asked questions

What is the tick value for NG?: $10.00 per tick — a 0.001 tick size × a $10000 multiplier (point value).
What is one NG contract worth?: One contract represents 10,000 MMBtu of natural gas. Notional value = price × $10000; use the tick value calculator with the current price for an exact figure.
Which exchange lists NG?: Natural Gas (NG) trades on the NYMEX.
What are the trading hours for NG?: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
How much margin do I need to trade NG?: Margin varies by broker and can rise sharply ahead of weekly storage reports or winter demand swings.
What are the NG contract months?: NG lists January, February, March, April, May, June, July, August, September, October, November and December.
What does NGZ2026 mean?: It is one specific NG contract: the root NG, the delivery-month code Z, and the year. Z is December, so NGZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.
What is NG00, NG1! or /NG?: All three name the same thing: the continuous front-month NG contract, written differently by different platforms. Barchart uses NG00, TradingView NG1!, thinkorswim and tastytrade /NG, Yahoo Finance NG=F, and NG on social media is usually written $NG. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.
How is P&L calculated for NG?: P&L = (exit price − entry price) ÷ 0.001 tick size × $10.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

More futures contract specs

See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.

Specs last reviewed 2026-09-06. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.