EX-99 8 nfg-12312021xexhibit99.htm EX-99 Document

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Twelve Months Ended
December 31,
(Thousands of Dollars)20212020
INCOME
Operating Revenues:
Utility and Energy Marketing Revenues$714,704 $689,776 
Exploration and Production and Other Revenues
889,907 636,726 
Pipeline and Storage and Gathering Revenues
243,445 216,760 
1,848,056 1,543,262 
Operating Expenses:
Purchased Gas221,835 193,237 
Operation and Maintenance:
Utility and Energy Marketing181,377 182,681 
Exploration and Production and Other
176,560 154,190 
Pipeline and Storage and Gathering125,048 110,853 
Property, Franchise and Other Taxes96,434 88,037 
Depreciation, Depletion and Amortization340,761 314,360 
Impairment of Oil and Gas Producing Properties— 525,590 
1,142,015 1,568,948 
Gain on Sale of Timber Properties— 51,066 
Operating Income706,041 25,380 
Other Income (Expense):
Other Income (Deductions)(14,142)(16,950)
Interest Expense on Long-Term Debt(139,331)(116,825)
Other Interest Expense(4,142)(7,433)
Income (Loss) Before Income Taxes548,426 (115,828)
Income Tax Expense130,161 16,761 
Net Income (Loss) Available for Common Stock$418,265 $(132,589)
Earnings (Loss) Per Common Share:
Basic:
Net Income (Loss) Available for Common Stock$4.59 $(1.49)
Diluted:
Net Income (Loss) Available for Common Stock$4.55 $(1.49)
Weighted Average Common Shares Outstanding:
Used in Basic Calculation91,196,134 89,132,522 
Used in Diluted Calculation91,853,955 89,132,522