EX-99 7 l29893aexv99.htm EX-99 EX-99
 

Exhibit 99
Form 10-Q
12/31/2007
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
                 
    Twelve Months Ended  
    December 31  
    2007     2006  
    (Thousands of Dollars)  
INCOME
               
Operating Revenues
  $ 2,117,176     $ 2,043,073  
 
           
 
               
Operating Expenses
               
Purchased Gas
    1,053,152       1,073,723  
Operation and Maintenance
    404,159       390,802  
Property, Franchise and Other Taxes
    71,381       69,066  
Depreciation, Depletion and Amortization
    162,633       155,092  
 
           
 
    1,691,325       1,688,683  
 
           
 
               
Operating Income
    425,851       354,390  
 
               
Other Income (Expense):
               
Income from Unconsolidated Subsidiaries
    6,023       3,550  
Interest Income
    3,558       9,491  
Other Income
    5,474       2,799  
Interest Expense on Long-Term Debt
    (68,692 )     (70,454 )
Other Interest Expense
    (4,903 )     (6,026 )
 
           
 
               
Income from Continuing Operations Before Income Taxes
    367,311       293,750  
 
               
Income Tax Expense
    145,720       107,208  
 
           
 
               
Income from Continuing Operations
    221,591       186,542  
Income (Loss) from Discontinued Operations
    131,948       (51,350 )
 
               
 
           
Net Income Available for Common Stock
  $ 353,539     $ 135,192  
 
           
Earnings Per Common Share:
               
Basic
               
Income from Continuing Operations
  $ 2.66     $ 2.23  
Income (Loss) from Discontinued Operations
    1.58       (0.61 )
 
           
Net Income Available for Common Stock
  $ 4.24     $ 1.62  
 
           
 
               
Diluted
               
Income from Continuing Operations
  $ 2.59     $ 2.18  
Income (Loss) from Discontinued Operations
    1.54       (0.60 )
 
           
Net Income Available for Common Stock
  $ 4.13     $ 1.58  
 
           
Weighted Average Common Shares Outstanding:
               
Used in Basic Calculation
    83,376,508       83,590,690  
 
           
 
               
Used in Diluted Calculation
    85,541,214       85,650,747