EX-99 5 nfg-6302023xexhibit99.htm EX-99 Document

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Twelve Months Ended
June 30,
(Thousands of Dollars)20232022
INCOME
Operating Revenues:
Utility Revenues$975,166 $865,967 
Exploration and Production and Other Revenues
990,142 974,258 
Pipeline and Storage and Gathering Revenues
274,662 266,664 
2,239,970 2,106,889 
Operating Expenses:
Purchased Gas473,386 363,978 
Operation and Maintenance:
Utility203,420 186,568 
Exploration and Production and Other
117,869 206,004 
Pipeline and Storage and Gathering148,485 133,181 
Property, Franchise and Other Taxes95,088 101,547 
Depreciation, Depletion and Amortization394,082 359,352 
1,432,330 1,350,630 
Gain on Sale of Assets— 12,736 
Operating Income807,640 768,995 
Other Income (Expense):
Other Income (Deductions)7,953 3,131 
Interest Expense on Long-Term Debt(113,706)(120,461)
Other Interest Expense(18,774)(6,832)
Income Before Income Taxes683,113 644,833 
Income Tax Expense121,781 149,992 
Net Income Available for Common Stock$561,332 $494,841 
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock$6.12 $5.42 
Diluted:
Net Income Available for Common Stock$6.08 $5.38 
Weighted Average Common Shares Outstanding:
Used in Basic Calculation91,662,587 91,336,207 
Used in Diluted Calculation92,267,750 92,044,611