National Fuel Gas (NFG) 10-Q 2019 Q3 Quarterly report

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
	Twelve Months Ended
	June 30,
(Thousands of Dollars)	2019			2018
INCOME
Operating Revenues:
Utility and Energy Marketing Revenues	$	874,299		$	811,690
Exploration and Production and Other Revenues	614,265			569,860
Pipeline and Storage and Gathering Revenues	200,623			208,860
	1,689,187			1,590,410
Operating Expenses:
Purchased Gas	396,505			333,759
Operation and Maintenance:
Utility and Energy Marketing	170,618			167,101
Exploration and Production and Other	143,266			147,320
Pipeline and Storage and Gathering	113,924			96,533
Property, Franchise and Other Taxes	88,194			84,872
Depreciation, Depletion and Amortization	264,149			233,185
	1,176,656			1,062,770
Operating Income	512,531			527,640
Other Income (Expense):
Other Income (Deductions)	(17,946		)	(21,805		)
Interest Expense on Long-Term Debt	(104,550		)	(111,642		)
Other Interest Expense	(4,895		)	(3,428		)
Income Before Income Taxes	385,140			390,765
Income Tax Expense (Benefit)	90,137			(8,338		)
Net Income Available for Common Stock	$	295,003		$	399,103
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock	$	3.42		$	4.66
Diluted:
Net Income Available for Common Stock	$	3.40		$	4.62
Weighted Average Common Shares Outstanding:
Used in Basic Calculation	86,144,352			85,719,552
Used in Diluted Calculation	86,744,040			86,333,307