EX-99 9 d338374dex99.htm EX-99 EX-99

Exhibit 99

NATIONAL FUEL GAS

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

 

     Twelve Months Ended
March 31
 
     2012     2011  
     (Thousands of Dollars)  

INCOME

    

Operating Revenues

   $ 1,651,745      $ 1,750,217   
  

 

 

   

 

 

 

Operating Expenses

    

Purchased Gas

     499,829        623,852   

Operation and Maintenance

     404,454        398,709   

Property, Franchise and Other Taxes

     88,074        80,296   

Depreciation, Depletion and Amortization

     238,901        213,010   
  

 

 

   

 

 

 
     1,231,258        1,315,867   
  

 

 

   

 

 

 

Operating Income

     420,487        434,350   

Other Income (Expense):

    

Gain on Sale of Unconsolidated Subsidiaries

     —          50,879   

Interest Income

     3,261        3,201   

Other Income

     6,621        5,748   

Interest Expense on Long-Term Debt

     (74,516     (81,184

Other Interest Expense

     (3,723     (6,232
  

 

 

   

 

 

 

Income from Continuing Operations Before Income Taxes

     352,130        406,762   

Income Tax Expense

     139,792        157,573   
  

 

 

   

 

 

 

Income from Continuing Operations

     212,338        249,189   

Income from Discontinued Operations

     —          5,952   
  

 

 

   

 

 

 

Net Income Available for Common Stock

   $ 212,338      $ 255,141   
  

 

 

   

 

 

 

Earnings Per Common Share:

    

Basic:

    

Income from Continuing Operations

   $ 2.56      $ 3.04   

Income from Discontinued Operations

     —          0.07   
  

 

 

   

 

 

 

Net Income Available for Common Stock

   $ 2.56      $ 3.11   
  

 

 

   

 

 

 

Diluted:

    

Income from Continuing Operations

   $ 2.54      $ 2.99   

Income from Discontinued Operations

     —          0.07   
  

 

 

   

 

 

 

Net Income Available for Common Stock

   $ 2.54      $ 3.06   
  

 

 

   

 

 

 

Weighted Average Common Shares Outstanding:

    

Used in Basic Calculation

     82,852,270        82,100,883   
  

 

 

   

 

 

 

Used in Diluted Calculation

     83,747,858        83,283,900