EX-99 6 l26684aexv99.htm EX-99 EX-99
 

Exhibit 99
Form 10-Q
6/30/2007
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
                 
    Twelve Months Ended  
    June 30  
    2007     2006  
    (Thousands of Dollars)  
 
               
INCOME
               
Operating Revenues
  $ 2,074,010     $ 2,304,253  
 
           
 
               
Operating Expenses
               
Purchased Gas
    1,018,527       1,270,268  
Operation and Maintenance
    414,600       427,789  
Property, Franchise and Other Taxes
    70,944       69,672  
Depreciation, Depletion and Amortization
    171,334       181,596  
Impairment of Oil and Gas Producing Properties
    42,368       62,371  
 
           
 
    1,717,773       2,011,696  
 
           
 
               
Operating Income
    356,237       292,557  
 
               
Other Income (Expense):
               
Income from Unconsolidated Subsidiaries
    4,483       3,647  
Impairment of Investment in Partnership
          (4,158 )
Interest Income
    9,871       8,606  
Other Income
    5,318       8,708  
Interest Expense on Long-Term Debt
    (70,285 )     (72,757 )
Other Interest Expense
    (6,563 )     (4,424 )
 
           
 
               
Income from Continuing Operations Before Income Taxes
    299,061       232,179  
 
               
Income Tax Expense
    117,328       77,744  
 
           
 
               
Income from Continuing Operations
    181,733       154,435  
 
               
Income from Discontinued Operations
          30,900  
 
           
 
               
Net Income Available for Common Stock
  $ 181,733     $ 185,335  
 
           
 
               
Earnings Per Common Share:
               
Basic
               
Income from Continuing Operations
  $ 2.19     $ 1.83  
Income from Discontinued Operations
          0.37  
 
           
Net Income Available for Common Stock
  $ 2.19     $ 2.20  
 
           
 
               
Diluted
               
Income from Continuing Operations
  $ 2.13     $ 1.79  
Income from Discontinued Operations
          0.36  
 
           
Net Income Available for Common Stock
  $ 2.13     $ 2.15  
 
           
 
               
Weighted Average Common Shares Outstanding:
               
Used in Basic Calculation
    83,122,932       84,205,652  
 
           
 
               
Used in Diluted Calculation
    85,290,812       86,063,076