NATIONAL FUEL GAS CO - FORM 10-Q - EX-99 - EXHIBIT 99

file	filename
10-Q - 10-Q - NATIONAL FUEL GAS CO	nfg-3312020x10q.htm
EX-32 - EXHIBIT 32 - NATIONAL FUEL GAS CO	nfg-3312020xexhibit32.htm
EX-31.2 - EXHIBIT 31.2 - NATIONAL FUEL GAS CO	nfg-3312020xexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - NATIONAL FUEL GAS CO	nfg-3312020xexhibit311.htm
EX-10.1 - EXHIBIT 10.1 - NATIONAL FUEL GAS CO	nfg-3312020xexhibit101.htm




Exhibit 99

NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)

	Twelve Months Ended
	March 31,
(Thousands of Dollars)	2020			2019

INCOME
Operating Revenues:
Utility and Energy Marketing Revenues	$	741,897		$	877,075
Exploration and Production and Other Revenues	649,861			591,893
Pipeline and Storage and Gathering Revenues	194,065			205,931
	1,585,823			1,674,899

Operating Expenses:
Purchased Gas	263,110			400,877
Operation and Maintenance:
Utility and Energy Marketing	173,978			170,571
Exploration and Production and Other	151,173			138,274
Pipeline and Storage and Gathering	112,791			110,294
Property, Franchise and Other Taxes	88,233			87,282
Depreciation, Depletion and Amortization	298,572			253,894
Impairment of Oil and Gas Producing Properties	177,761			—
	1,265,618			1,161,192

Operating Income	320,205			513,707

Other Income (Expense):
Other Income (Deductions)	(20,540		)	(20,101		)
Interest Expense on Long-Term Debt	(101,614		)	(106,424		)
Other Interest Expense	(5,725		)	(4,700		)

Income Before Income Taxes	192,326			382,482

Income Tax Expense	100,769			88,207

Net Income Available for Common Stock	$	91,557		$	294,275

Earnings Per Common Share:
Basic:
Net Income Available for Common Stock	$	1.06		$	3.42

Diluted:
Net Income Available for Common Stock	$	1.05		$	3.40

Weighted Average Common Shares Outstanding:
Used in Basic Calculation	86,390,010			86,050,574

Used in Diluted Calculation	86,808,265			86,668,827

NATIONAL FUEL GAS CO - FORM 10-Q - EX-99 - EXHIBIT 99 - May 1, 2020