EX-99 6 nfg-3312024xexhibit99.htm EX-99 Document

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Twelve Months Ended
March 31,
(Thousands of Dollars)20242023
INCOME
Operating Revenues:
Utility Revenues$715,522 $1,010,516 
Exploration and Production and Other Revenues
955,562 1,026,198 
Pipeline and Storage and Gathering Revenues
281,869 277,175 
1,952,953 2,313,889 
Operating Expenses:
Purchased Gas185,051 505,909 
Operation and Maintenance:
Utility211,427 199,743 
Exploration and Production and Other
133,234 154,802 
Pipeline and Storage and Gathering152,810 143,865 
Property, Franchise and Other Taxes86,562 100,535 
Depreciation, Depletion and Amortization446,734 387,530 
1,215,818 1,492,384 
Gain on Sale of Assets— 12,736 
Operating Income737,135 834,241 
Other Income (Expense):
Other Income (Deductions)18,736 (1,247)
Interest Expense on Long-Term Debt(111,676)(117,486)
Other Interest Expense(23,144)(16,874)
Income Before Income Taxes621,051 698,634 
Income Tax Expense155,462 121,763 
Net Income Available for Common Stock$465,589 $576,871 
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock$5.07 $6.30 
Diluted:
Net Income Available for Common Stock$5.04 $6.25 
Weighted Average Common Shares Outstanding:
Used in Basic Calculation91,911,548 91,575,981 
Used in Diluted Calculation92,382,415 92,249,067