Exhibit 99
Form 10-Q
March 31, 2001
Form 10-Q
March 31, 2001
NATIONAL FUEL GAS CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) Twelve Months Ended March 31, -------------------- 2001 2000 (Thousands of Dollars, Except Per Common Share Amounts) INCOME Operating Revenues $1,969,852 $1,334,345 ---------- ---------- Operating Expenses Purchased Gas 974,193 440,130 Fuel Used in Heat and Electric Generation 55,451 54,674 Operation 344,713 309,466 Maintenance 22,344 23,625 Property, Franchise and Other Taxes 81,403 84,860 Depreciation, Depletion and Amortization 155,668 133,717 Income Taxes - Net 100,429 74,765 ---------- ---------- 1,734,201 1,121,237 ---------- ---------- Operating Income 235,651 213,108 Other Income 14,705 11,293 ---------- ---------- Income Before Interest Charges and Minority Interest in Foreign Subsidiary 250,356 224,401 ---------- ---------- Interest Charges Interest on Long-Term Debt 74,518 64,847 Other Interest 35,367 25,958 ---------- ---------- 109,885 90,805 ---------- ---------- Minority Interest in Foreign Subsidiary (924) (1,404) ---------- ---------- Net Income Available for Common Stock $ 139,547 $ 132,192 ========== ========== Basic Earnings (Loss) Per Common Share Net Income Available for Common Stock $ 3.55 $ 3.40 ========== ========== Diluted Earnings (Loss) Per Common Share Net Income Available for Common Stock $ 3.49 $ 3.37 ========== ========== Weighted Average Common Shares Outstanding Used in Basic Calculation 39,332,088 38,879,284 ========== ========== Used in Diluted Calculation 39,989,400 39,267,569 ========== ==========