EX-99 7 l37203exv99.htm EX-99 exv99
Exhibit 99
6/30/2009
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
                 
    Twelve Months Ended  
    June 30  
    2009     2008  
    (Thousands of Dollars)  
INCOME
               
Operating Revenues
  $ 2,176,776     $ 2,304,533  
 
           
 
               
Operating Expenses
               
Purchased Gas
    1,093,988       1,161,504  
Operation and Maintenance
    417,834       416,548  
Property, Franchise and Other Taxes
    74,088       74,304  
Depreciation, Depletion and Amortization
    169,001       171,695  
Impairment of Oil and Gas Producing Properties
    182,811        
 
           
 
    1,937,722       1,824,051  
 
           
 
               
Operating Income
    239,054       480,482  
 
               
Other Income (Expense):
               
Income from Unconsolidated Subsidiaries
    2,353       6,746  
Other Income
    8,853       5,890  
Interest Income
    6,817       6,808  
Interest Expense on Long-Term Debt
    (75,411 )     (68,333 )
Other Interest Expense
    (4,674 )     (5,361 )
 
           
 
               
Income from Continuing Operations Before Income Taxes
    176,992       426,232  
 
               
Income Tax Expense
    60,016       166,475  
 
           
 
               
Income from Continuing Operations
    116,976       259,757  
 
               
Income from Discontinued Operations
          123,395  
 
               
 
           
Net Income Available for Common Stock
  $ 116,976     $ 383,152  
 
           
 
               
Earnings Per Common Share:
               
Basic
               
Income from Continuing Operations
  $ 1.47     $ 3.13  
Income from Discontinued Operations
          1.49  
 
           
Net Income Available for Common Stock
  $ 1.47     $ 4.62  
 
           
 
               
Diluted
               
Income from Continuing Operations
  $ 1.44     $ 3.05  
Income from Discontinued Operations
          1.45  
 
           
Net Income Available for Common Stock
  $ 1.44     $ 4.50  
 
           
 
               
Weighted Average Common Shares Outstanding:
               
Used in Basic Calculation
    79,805,689       82,969,977  
 
           
Used in Diluted Calculation
    80,994,294       85,150,920