National Fuel Gas (NFG) 10-Q 2020 Q3 Quarterly report

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
	Twelve Months Ended
	June 30,
(Thousands of Dollars)	2020		2019
INCOME
Operating Revenues:
Utility and Energy Marketing Revenues	$	730,246	$	874,299
Exploration and Production and Other Revenues	622,335		614,265
Pipeline and Storage and Gathering Revenues	199,061		200,623
	1,551,642		1,689,187
Operating Expenses:
Purchased Gas	244,391		396,505
Operation and Maintenance:
Utility and Energy Marketing	178,321		170,618
Exploration and Production and Other	147,902		143,266
Pipeline and Storage and Gathering	108,415		113,924
Property, Franchise and Other Taxes	88,107		88,194
Depreciation, Depletion and Amortization	300,732		264,149
Impairment of Oil and Gas Producing Properties	195,997		—
	1,263,865		1,176,656
Operating Income	287,777		512,531
Other Income (Expense):
Other Income (Deductions)	(16,537)		(17,946)
Interest Expense on Long-Term Debt	(103,451)		(104,550)
Other Interest Expense	(5,944)		(4,895)
Income Before Income Taxes	161,845		385,140
Income Tax Expense	92,791		90,137
Net Income Available for Common Stock	$	69,054	$	295,003
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock	$	0.80	$	3.42
Diluted:
Net Income Available for Common Stock	$	0.79	$	3.40
Weighted Average Common Shares Outstanding:
Used in Basic Calculation	86,802,706		86,144,352
Used in Diluted Calculation	87,177,232		86,744,040