EX-99 6 nfg-3312024xexhibit99.htm EX-99

Exhibit 99 |  |  |
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
| Twelve Months Ended
| March 31,
(Thousands of Dollars) | 2024 |  | 2023
INCOME |  |  |
Operating Revenues: |  |  |
Utility Revenues | $ | 715,522 |  |  | $ | 1,010,516 |
Exploration and Production and Other Revenues | 955,562 |  |  | 1,026,198 |
Pipeline and Storage and Gathering Revenues | 281,869 |  |  | 277,175 |
| 1,952,953 |  |  | 2,313,889 |
Operating Expenses: |  |  |
Purchased Gas | 185,051 |  |  | 505,909 |
Operation and Maintenance: |  |  |
Utility | 211,427 |  |  | 199,743 |
Exploration and Production and Other | 133,234 |  |  | 154,802 |
Pipeline and Storage and Gathering | 152,810 |  |  | 143,865 |
Property, Franchise and Other Taxes | 86,562 |  |  | 100,535 |
Depreciation, Depletion and Amortization | 446,734 |  |  | 387,530 |
| 1,215,818 |  |  | 1,492,384 |
Gain on Sale of Assets | — |  |  | 12,736 |
Operating Income | 737,135 |  |  | 834,241 |
Other Income (Expense): |  |  |
Other Income (Deductions) | 18,736 |  |  | (1,247) |
Interest Expense on Long-Term Debt | (111,676) |  |  | (117,486) |
Other Interest Expense | (23,144) |  |  | (16,874) |
Income Before Income Taxes | 621,051 |  |  | 698,634 |
Income Tax Expense | 155,462 |  |  | 121,763 |
Net Income Available for Common Stock | $ | 465,589 |  |  | $ | 576,871 |
Earnings Per Common Share: |  |  |
Basic: |  |  |
Net Income Available for Common Stock | $ | 5.07 |  |  | $ | 6.30 |
Diluted: |  |  |
Net Income Available for Common Stock | $ | 5.04 |  |  | $ | 6.25 |
Weighted Average Common Shares Outstanding: |  |  |
Used in Basic Calculation | 91,911,548 |  |  | 91,575,981 |
Used in Diluted Calculation | 92,382,415 |  |  | 92,249,067 |