EX-99 6 nfg-3312019xexhibit99.htm EXHIBIT 99 Exhibit


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

Twelve Months Ended

March 31,
(Thousands of Dollars)
2019
 
2018




INCOME



Operating Revenues:
 

 
Utility and Energy Marketing Revenues
$
877,075

 
$
803,963

Exploration and Production and Other Revenues
591,893

 
584,292

Pipeline and Storage and Gathering Revenues
205,931

 
207,611

 
1,674,899

 
1,595,866

 
 
 
 
Operating Expenses:
 

 
Purchased Gas
400,877


327,683

Operation and Maintenance:
 

 
Utility and Energy Marketing
170,571

 
167,170

Exploration and Production and Other
138,274

 
150,066

Pipeline and Storage and Gathering
110,294

 
93,547

Property, Franchise and Other Taxes
87,282


85,724

Depreciation, Depletion and Amortization
253,894


227,986


1,161,192


1,052,176


 

 
Operating Income
513,707


543,690


 

 
Other Income (Expense):
 

 
Other Income (Deductions)
(20,101
)

(22,668
)
Interest Expense on Long-Term Debt
(106,424
)

(113,690
)
Other Interest Expense
(4,700
)

(3,268
)

 

 
Income Before Income Taxes
382,482


404,064


 

 
Income Tax Expense
88,207


8,272


 

 
Net Income Available for Common Stock
$
294,275


$
395,792


 

 
Earnings Per Common Share:
 

 
Basic:
 

 
Net Income Available for Common Stock
$
3.42


$
4.62


 

 
Diluted:
 

 
Net Income Available for Common Stock
$
3.40


$
4.59


 

 
Weighted Average Common Shares Outstanding:
 

 
Used in Basic Calculation
86,050,574


85,592,904


 

 
Used in Diluted Calculation
86,668,827


86,232,666