EX-99 7 l36296aexv99.htm EX-99 EX-99
Exhibit 99
3/31/2009
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
                 
    Twelve Months Ended  
    March 31  
    2009     2008  
    (Thousands of Dollars)  
INCOME
               
Operating Revenues
  $ 2,358,048     $ 2,204,929  
 
           
 
               
Operating Expenses
               
Purchased Gas
    1,239,910       1,107,686  
Operation and Maintenance
    429,615       404,336  
Property, Franchise and Other Taxes
    75,649       72,790  
Depreciation, Depletion and Amortization
    168,146       166,650  
Impairment of Oil and Gas Producing Properties
    182,811        
 
           
 
    2,096,131       1,751,462  
 
           
 
               
Operating Income
    261,917       453,467  
 
               
Other Income (Expense):
               
Income from Unconsolidated Subsidiaries
    3,286       6,111  
Other Income
    9,837       5,029  
Interest Income
    8,443       5,099  
Interest Expense on Long-Term Debt
    (73,123 )     (67,092 )
Other Interest Expense
    (3,334 )     (5,673 )
 
           
 
               
Income from Continuing Operations Before Income Taxes
    207,026       396,941  
 
               
Income Tax Expense
    73,100       155,826  
 
           
 
               
Income from Continuing Operations
    133,926       241,115  
 
               
Income from Discontinued Operations
          128,981  
 
               
 
           
Net Income Available for Common Stock
  $ 133,926     $ 370,096  
 
           
 
               
Earnings Per Common Share:
               
Basic
               
Income from Continuing Operations
  $ 1.67     $ 2.89  
Income from Discontinued Operations
          1.54  
 
           
Net Income Available for Common Stock
  $ 1.67     $ 4.43  
 
           
 
               
Diluted
               
Income from Continuing Operations
  $ 1.64     $ 2.82  
Income from Discontinued Operations
          1.50  
 
           
Net Income Available for Common Stock
  $ 1.64     $ 4.32  
 
           
 
               
Weighted Average Common Shares Outstanding:
               
Used in Basic Calculation
    80,252,366       83,502,281  
 
           
 
               
Used in Diluted Calculation
    81,882,711       85,610,528