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| Exhibit 99 | | | |
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| NATIONAL FUEL GAS |
| CONSOLIDATED STATEMENTS OF INCOME |
| (UNAUDITED) |
| | | |
| Twelve Months Ended |
| March 31, |
| (Thousands of Dollars) | 2026 | | 2025 |
| | | |
| INCOME | | | |
| Operating Revenues: | | | |
| Utility Revenues | $ | 930,112 | | | $ | 776,686 | |
| Integrated Upstream and Gathering Revenues | 1,298,683 | | | 1,016,967 | |
| Pipeline and Storage Revenues | 279,195 | | | 275,288 | |
| 2,507,990 | | | 2,068,941 | |
| | | |
| Operating Expenses: | | | |
| Purchased Gas | 306,223 | | | 188,246 | |
| Operation and Maintenance: | | | |
| Utility | 238,905 | | | 224,090 | |
| Integrated Upstream and Gathering and Other | 233,812 | | | 189,398 | |
| Pipeline and Storage | 121,327 | | | 117,209 | |
| Property, Franchise and Other Taxes | 97,147 | | | 90,687 | |
| Depreciation, Depletion and Amortization | 477,301 | | | 442,948 | |
| Impairment of Assets | — | | | 660,930 | |
| 1,474,715 | | | 1,913,508 | |
| | | |
| | | |
| Operating Income | 1,033,275 | | | 155,433 | |
| | | |
| Other Income (Expense): | | | |
| | | |
| Other Income (Deductions) | 38,711 | | | 29,376 | |
| Interest Expense on Long-Term Debt | (131,442) | | | (138,907) | |
| Other Interest Expense | (19,001) | | | (12,463) | |
| | | |
| Income Before Income Taxes | 921,543 | | | 33,439 | |
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| Income Tax Expense (Benefit) | 235,070 | | | (6,126) | |
| | | |
| Net Income Available for Common Stock | $ | 686,473 | | | $ | 39,565 | |
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| Earnings Per Common Share: | | | |
| Basic: | | | |
| Net Income Available for Common Stock | $ | 7.48 | | | $ | 0.43 | |
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| Diluted: | | | |
| Net Income Available for Common Stock | $ | 7.42 | | | $ | 0.43 | |
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| Weighted Average Common Shares Outstanding: | | | |
| Used in Basic Calculation | 91,716,319 | | | 91,106,728 | |
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| Used in Diluted Calculation | 92,486,999 | | | 91,720,006 | |