EX-99 6 nfg-3312022xexhibit99.htm EX-99 Document

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Twelve Months Ended
March 31,
(Thousands of Dollars)20222021
INCOME
Operating Revenues:
Utility and Energy Marketing Revenues$813,012 $677,991 
Exploration and Production and Other Revenues
931,237 700,464 
Pipeline and Storage and Gathering Revenues
254,412 224,827 
1,998,661 1,603,282 
Operating Expenses:
Purchased Gas314,766 181,628 
Operation and Maintenance:
Utility and Energy Marketing182,725 183,013 
Exploration and Production and Other
184,541 156,126 
Pipeline and Storage and Gathering130,433 111,681 
Property, Franchise and Other Taxes100,164 89,281 
Depreciation, Depletion and Amortization347,665 320,790 
Impairment of Oil and Gas Producing Properties— 347,829 
1,260,294 1,390,348 
Gain on Sale of Timber Properties— 51,066 
Operating Income738,367 264,000 
Other Income (Expense):
Other Income (Deductions)6,753 (10,345)
Interest Expense on Long-Term Debt(120,591)(140,375)
Other Interest Expense(3,962)(7,240)
Income Before Income Taxes620,567 106,040 
Income Tax Expense147,410 20,125 
Net Income Available for Common Stock$473,157 $85,915 
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock$5.18 $0.95 
Diluted:
Net Income Available for Common Stock$5.15 $0.95 
Weighted Average Common Shares Outstanding:
Used in Basic Calculation91,265,508 90,274,365 
Used in Diluted Calculation91,956,205 90,738,593