EX-99 11 l31225aexv99.htm EX-99 EX-99
 

         
Exhibit 99
Form 10-Q
3/31/2008
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
                 
    Twelve Months Ended  
    March 31  
    2008     2007  
    (Thousands of Dollars)  
INCOME
               
Operating Revenues
  $ 2,204,929     $ 1,966,473  
 
           
 
               
Operating Expenses
               
Purchased Gas
    1,107,686       984,087  
Operation and Maintenance
    404,336       395,036  
Property, Franchise and Other Taxes
    72,790       69,266  
Depreciation, Depletion and Amortization
    166,650       155,035  
 
           
 
    1,751,462       1,603,424  
 
           
 
               
Operating Income
    453,467       363,049  
 
               
Other Income (Expense):
               
Income from Unconsolidated Subsidiaries
    6,111       3,772  
Interest Income
    5,099       9,310  
Other Income
    5,029       5,077  
Interest Expense on Long-Term Debt
    (67,092 )     (70,193 )
Other Interest Expense
    (5,673 )     (6,077 )
 
           
 
               
Income from Continuing Operations Before Income Taxes
    396,941       304,938  
 
               
Income Tax Expense
    155,826       112,566  
 
           
 
               
Income from Continuing Operations
    241,115       192,372  
 
               
Income (Loss) from Discontinued Operations
    128,981       (57,327 )
 
               
 
           
Net Income Available for Common Stock
  $ 370,096     $ 135,045  
 
           
 
               
Earnings Per Common Share:
               
Basic
               
Income from Continuing Operations
  $ 2.89     $ 2.31  
Income (Loss) from Discontinued Operations
    1.54       (0.69 )
 
           
Net Income Available for Common Stock
  $ 4.43     $ 1.62  
 
           
 
Diluted
               
Income from Continuing Operations
  $ 2.82     $ 2.25  
Income (Loss) from Discontinued Operations
    1.50       (0.67 )
 
           
Net Income Available for Common Stock
  $ 4.32     $ 1.58  
 
           
 
               
Weighted Average Common Shares Outstanding:
               
Used in Basic Calculation
    83,502,281       83,232,743  
 
           
 
Used in Diluted Calculation
    85,610,528       85,352,796