EX-99 5 nfg-6302019xexhibit99.htm EXHIBIT 99 Exhibit


 
 
 
 
Exhibit 99
 
 
 
 
 
 
 
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
 
 
 
 

Twelve Months Ended

June 30,
(Thousands of Dollars)
2019
 
2018




INCOME



Operating Revenues:
 

 
Utility and Energy Marketing Revenues
$
874,299

 
$
811,690

Exploration and Production and Other Revenues
614,265

 
569,860

Pipeline and Storage and Gathering Revenues
200,623

 
208,860

 
1,689,187

 
1,590,410

 
 
 
 
Operating Expenses:
 

 
Purchased Gas
396,505


333,759

Operation and Maintenance:
 

 
Utility and Energy Marketing
170,618

 
167,101

Exploration and Production and Other
143,266

 
147,320

Pipeline and Storage and Gathering
113,924

 
96,533

Property, Franchise and Other Taxes
88,194


84,872

Depreciation, Depletion and Amortization
264,149


233,185


1,176,656


1,062,770


 

 
Operating Income
512,531


527,640


 

 
Other Income (Expense):
 

 
Other Income (Deductions)
(17,946
)

(21,805
)
Interest Expense on Long-Term Debt
(104,550
)

(111,642
)
Other Interest Expense
(4,895
)

(3,428
)

 

 
Income Before Income Taxes
385,140


390,765


 

 
Income Tax Expense (Benefit)
90,137


(8,338
)

 

 
Net Income Available for Common Stock
$
295,003


$
399,103


 

 
Earnings Per Common Share:
 

 
Basic:
 

 
Net Income Available for Common Stock
$
3.42


$
4.66


 

 
Diluted:
 

 
Net Income Available for Common Stock
$
3.40


$
4.62


 

 
Weighted Average Common Shares Outstanding:
 

 
Used in Basic Calculation
86,144,352


85,719,552


 

 
Used in Diluted Calculation
86,744,040


86,333,307