EX-99 8 nfg-12312024xexhibit99.htm EX-99

Exhibit 99 |  |  |
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
| Twelve Months Ended
| December 31,
(Thousands of Dollars) | 2024 |  | 2023
INCOME |  |  |
Operating Revenues: |  |  |
Utility Revenues | $ | 723,310 |  |  | $ | 832,081 |
Exploration and Production and Other Revenues | 955,919 |  |  | 935,500 |
Pipeline and Storage and Gathering Revenues | 289,702 |  |  | 272,693 |
| 1,968,931 |  |  | 2,040,274 |
Operating Expenses: |  |  |
Purchased Gas | 158,847 |  |  | 322,950 |
Operation and Maintenance: |  |  |
Utility | 219,932 |  |  | 208,592 |
Exploration and Production and Other | 140,023 |  |  | 132,222 |
Pipeline and Storage and Gathering | 161,297 |  |  | 150,949 |
Property, Franchise and Other Taxes | 88,491 |  |  | 88,910 |
Depreciation, Depletion and Amortization | 450,606 |  |  | 428,763 |
Impairment of Assets | 660,930 |  |  | — |
| 1,880,126 |  |  | 1,332,386 |
Operating Income | 88,805 |  |  | 707,888 |
Other Income (Expense): |  |  |
Other Income (Deductions) | 20,214 |  |  | 15,552 |
Interest Expense on Long-Term Debt | (127,698) |  |  | (110,806) |
Other Interest Expense | (14,005) |  |  | (22,369) |
Income (Loss) Before Income Taxes | (32,684) |  |  | 590,265 |
Income Tax Expense (Benefit) | (22,163) |  |  | 150,068 |
Net Income (Loss) Available for Common Stock | $ | (10,521) |  |  | $ | 440,197 |
Earnings (Loss) Per Common Share: |  |  |
Basic: |  |  |
Net Income (Loss) Available for Common Stock | $ | (0.11) |  |  | $ | 4.79 |
Diluted: |  |  |
Net Income (Loss) Available for Common Stock | $ | (0.11) |  |  | $ | 4.77 |
Weighted Average Common Shares Outstanding: |  |  |
Used in Basic Calculation | 91,506,423 |  |  | 91,832,178 |
Used in Diluted Calculation | 91,506,423 |  |  | 92,308,466 |