EX-99 5 nfg-6302022xexhibit99.htm EX-99 Document

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Twelve Months Ended
June 30,
(Thousands of Dollars)20222021
INCOME
Operating Revenues:
Utility and Energy Marketing Revenues$865,967 $665,263 
Exploration and Production and Other Revenues
974,258 777,744 
Pipeline and Storage and Gathering Revenues
266,664 231,653 
2,106,889 1,674,660 
Operating Expenses:
Purchased Gas363,978 171,244 
Operation and Maintenance:
Utility and Energy Marketing186,568 181,641 
Exploration and Production and Other
206,004 166,834 
Pipeline and Storage and Gathering133,181 118,622 
Property, Franchise and Other Taxes101,547 92,392 
Depreciation, Depletion and Amortization359,352 331,728 
Impairment of Oil and Gas Producing Properties— 329,593 
1,350,630 1,392,054 
Gain on Sale of Assets12,736 51,066 
Operating Income768,995 333,672 
Other Income (Expense):
Other Income (Deductions)3,131 (14,920)
Interest Expense on Long-Term Debt(120,461)(143,455)
Other Interest Expense(6,832)(6,832)
Income Before Income Taxes644,833 168,465 
Income Tax Expense149,992 37,325 
Net Income Available for Common Stock$494,841 $131,140 
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock$5.42 $1.44 
Diluted:
Net Income Available for Common Stock$5.38 $1.43 
Weighted Average Common Shares Outstanding:
Used in Basic Calculation91,336,207 91,073,766 
Used in Diluted Calculation92,044,611 91,576,260