EX-99 6 dex99.htm EX-99 EX-99

Exhibit 99

NATIONAL FUEL GAS

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

 

     Twelve Months Ended
June 30
 
     2011     2010  
     (Thousands of Dollars)  

INCOME

    

Operating Revenues

   $ 1,779,205      $ 1,750,902   
  

 

 

   

 

 

 

Operating Expenses

    

Purchased Gas

     639,382        658,101   

Operation and Maintenance

     398,093        398,825   

Property, Franchise and Other Taxes

     81,882        73,127   

Depreciation, Depletion and Amortization

     219,881        185,449   
  

 

 

   

 

 

 
     1,339,238        1,315,502   
  

 

 

   

 

 

 

Operating Income

     439,967        435,400   

Other Income (Expense):

    

Income from Unconsolidated Subsidiaries

     94        2,343   

Gain on Sale of Unconsolidated Subsidiaries

     50,879        —     

Interest Income

     2,958        3,468   

Other Income

     5,993        3,329   

Interest Expense on Long-Term Debt

     (77,946     (87,300

Other Interest Expense

     (5,525     (7,718
  

 

 

   

 

 

 

Income from Continuing Operations Before Income Taxes

     416,420        349,522   

Income Tax Expense

     162,982        132,838   
  

 

 

   

 

 

 

Income from Continuing Operations

     253,438        216,684   

Income (Loss) from Discontinued Operations

     6,009        (2,174
  

 

 

   

 

 

 

Net Income Available for Common Stock

   $ 259,447      $ 214,510   
  

 

 

   

 

 

 

Earnings Per Common Share:

    

Basic:

    

Income from Continuing Operations

   $ 3.08      $ 2.68   

Income (Loss) from Discontinued Operations

     0.07        (0.03
  

 

 

   

 

 

 

Net Income Available for Common Stock

   $ 3.15      $ 2.65   
  

 

 

   

 

 

 

Diluted:

    

Income from Continuing Operations

   $ 3.04      $ 2.63   

Income (Loss) from Discontinued Operations

     0.07        (0.02
  

 

 

   

 

 

 

Net Income Available for Common Stock

   $ 3.11      $ 2.61   
  

 

 

   

 

 

 

Weighted Average Common Shares Outstanding:

    

Used in Basic Calculation

     82,321,791        80,941,793   
  

 

 

   

 

 

 

Used in Diluted Calculation

     83,508,416        82,335,561