EX-99 14 l24230aexv99.htm EX-99 EX-99
 

Exhibit 99
Form 10-Q
12/31/2006
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
                 
    Twelve Months Ended  
    December 31  
    2006     2005  
    (Thousands of Dollars)  
INCOME
               
Operating Revenues
  $ 2,105,143     $ 2,134,021  
 
           
 
               
Operating Expenses
               
Purchased Gas
    1,073,723       1,140,449  
Operation and Maintenance
    409,472       415,522  
Property, Franchise and Other Taxes
    69,873       69,201  
Depreciation, Depletion and Amortization
    179,394       180,104  
Impairment of Oil and Gas Producing Properties
    104,739        
 
           
 
    1,837,201       1,805,276  
 
           
 
               
Operating Income
    267,942       328,745  
 
               
Other Income (Expense):
               
Income from Unconsolidated Subsidiaries
    3,550       3,842  
Impairment of Investment in Partnership
          (4,158 )
Interest Income
    10,504       7,358  
Other Income
    2,799       12,931  
Interest Expense on Long-Term Debt
    (70,454 )     (73,086 )
Other Interest Expense
    (6,026 )     (8,426 )
 
           
 
               
Income from Continuing Operations Before Income Taxes
    208,315       267,206  
 
               
Income Tax Expense
    73,123       101,102  
 
           
 
               
Income from Continuing Operations
    135,192       166,104  
 
               
Discontinued Operations
               
Income from Operations, Net of Tax
          4,591  
Gain on Disposal, Net of Tax
          25,774  
 
           
 
          30,365  
 
               
 
           
Net Income Available for Common Stock
  $ 135,192     $ 196,469  
 
           
 
               
Earnings Per Common Share:
               
Basic
               
Income from Continuing Operations
  $ 1.62     $ 1.98  
Income (Loss) from Discontinued Operations
          0.36  
 
           
Net Income Available for Common Stock
  $ 1.62     $ 2.34  
 
           
 
               
Diluted
               
Income from Continuing Operations
  $ 1.58     $ 1.94  
Income (Loss) from Discontinued Operations
          0.36  
 
           
Net Income Available for Common Stock
  $ 1.58     $ 2.30  
 
           
 
               
Weighted Average Common Shares Outstanding:
               
Used in Basic Calculation
    83,590,690       83,862,052  
 
           
 
               
Used in Diluted Calculation
    85,650,747       85,438,189