EX-99 5 nfg-6302024xexhibit99.htm EX-99 Document

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Twelve Months Ended
June 30,
(Thousands of Dollars)20242023
INCOME
Operating Revenues:
Utility Revenues$695,843 $975,166 
Exploration and Production and Other Revenues
959,885 990,142 
Pipeline and Storage and Gathering Revenues
285,962 274,662 
1,941,690 2,239,970 
Operating Expenses:
Purchased Gas154,578 473,386 
Operation and Maintenance:
Utility214,759 203,420 
Exploration and Production and Other
140,723 117,869 
Pipeline and Storage and Gathering154,222 148,485 
Property, Franchise and Other Taxes87,336 95,088 
Depreciation, Depletion and Amortization457,778 394,082 
Impairment of Exploration and Production Properties200,696 — 
1,410,092 1,432,330 
Gain on Sale of Assets— — 
Operating Income531,598 807,640 
Other Income (Expense):
Other Income (Deductions)18,372 7,953 
Interest Expense on Long-Term Debt(118,240)(113,706)
Other Interest Expense(18,703)(18,774)
Income Before Income Taxes413,027 683,113 
Income Tax Expense94,216 121,781 
Net Income Available for Common Stock$318,811 $561,332 
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock$3.47 $6.12 
Diluted:
Net Income Available for Common Stock$3.45 $6.08 
Weighted Average Common Shares Outstanding:
Used in Basic Calculation91,929,056 91,662,587 
Used in Diluted Calculation92,431,668 92,267,750