EX-99 6 l42546exv99.htm EX-99 exv99
Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
                 
    Twelve Months Ended  
    March 31  
    2011     2010  
    (Thousands of Dollars)  
INCOME
               
Operating Revenues
  $ 1,750,217     $ 1,764,489  
 
           
 
               
Operating Expenses
               
Purchased Gas
    623,852       687,068  
Operation and Maintenance
    398,709       393,160  
Property, Franchise and Other Taxes
    80,296       72,089  
Depreciation, Depletion and Amortization
    213,010       178,489  
 
           
 
    1,315,867       1,330,806  
 
           
 
               
Operating Income
    434,350       433,683  
 
               
Other Income (Expense):
               
Income from Unconsolidated Subsidiaries
    794       2,347  
Gain on Sale of Unconsolidated Subsidiaries
    50,879        
Interest Income
    3,201       4,359  
Other Income
    4,954       4,001  
Interest Expense on Long-Term Debt
    (81,184 )     (87,942 )
Other Interest Expense
    (6,232 )     (8,377 )
 
           
 
               
Income from Continuing Operations Before Income Taxes
    406,762       348,071  
 
               
Income Tax Expense
    157,573       130,968  
 
           
 
               
Income from Continuing Operations
    249,189       217,103  
 
               
Income (Loss) from Discontinued Operations
    5,952       (2,274 )
 
           
 
               
Net Income Available for Common Stock
  $ 255,141     $ 214,829  
 
           
 
               
Earnings Per Common Share:
               
Basic:
               
Income from Continuing Operations
  $ 3.04     $ 2.70  
Income (Loss) from Discontinued Operations
    0.07     $ (0.03 )
 
           
Net Income Available for Common Stock
  $ 3.11     $ 2.67  
 
           
 
               
Diluted:
               
Income from Continuing Operations
  $ 2.99     $ 2.66  
Income (Loss) from Discontinued Operations
    0.07     $ (0.03 )
 
           
Net Income Available for Common Stock
  $ 3.06     $ 2.63  
 
           
 
               
Weighted Average Common Shares Outstanding:
               
Used in Basic Calculation
    82,100,883       80,380,789  
 
           
 
               
Used in Diluted Calculation
    83,283,900       81,749,193