Exhibit 99 | |||||||||||
NATIONAL FUEL GAS | |||||||||||
CONSOLIDATED STATEMENTS OF INCOME | |||||||||||
(UNAUDITED) | |||||||||||
Twelve Months Ended | |||||||||||
June 30, | |||||||||||
(Thousands of Dollars) | 2025 | 2024 | |||||||||
INCOME | |||||||||||
Operating Revenues: | |||||||||||
Utility Revenues | $ | 809,274 | $ | 695,843 | |||||||
Exploration and Production and Other Revenues | 1,086,241 | 959,885 | |||||||||
Pipeline and Storage and Gathering Revenues | 287,815 | 285,962 | |||||||||
2,183,330 | 1,941,690 | ||||||||||
Operating Expenses: | |||||||||||
Purchased Gas | 211,280 | 154,578 | |||||||||
Operation and Maintenance: | |||||||||||
Utility | 226,731 | 214,759 | |||||||||
Exploration and Production and Other | 142,413 | 140,723 | |||||||||
Pipeline and Storage and Gathering | 165,979 | 154,222 | |||||||||
Property, Franchise and Other Taxes | 93,666 | 87,336 | |||||||||
Depreciation, Depletion and Amortization | 445,902 | 457,778 | |||||||||
Impairment of Assets | 460,235 | 200,696 | |||||||||
1,746,206 | 1,410,092 | ||||||||||
Operating Income | 437,124 | 531,598 | |||||||||
Other Income (Expense): | |||||||||||
Other Income (Deductions) | 34,723 | 18,372 | |||||||||
Interest Expense on Long-Term Debt | (140,364) | (118,240) | |||||||||
Other Interest Expense | (14,679) | (18,703) | |||||||||
Income Before Income Taxes | 316,804 | 413,027 | |||||||||
Income Tax Expense | 73,263 | 94,216 | |||||||||
Net Income Available for Common Stock | $ | 243,541 | $ | 318,811 | |||||||
Earnings Per Common Share: | |||||||||||
Basic: | |||||||||||
Net Income Available for Common Stock | $ | 2.68 | $ | 3.47 | |||||||
Diluted: | |||||||||||
Net Income Available for Common Stock | $ | 2.66 | $ | 3.45 | |||||||
Weighted Average Common Shares Outstanding: | |||||||||||
Used in Basic Calculation | 90,728,762 | 91,929,056 | |||||||||
Used in Diluted Calculation | 91,404,886 | 92,431,668 |