National Fuel Gas (NFG) 10-Q 2022 Q1 Quarterly report

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
	Twelve Months Ended
	December 31,
(Thousands of Dollars)	2021		2020
INCOME
Operating Revenues:
Utility and Energy Marketing Revenues	$	714,704	$	689,776
Exploration and Production and Other Revenues	889,907		636,726
Pipeline and Storage and Gathering Revenues	243,445		216,760
	1,848,056		1,543,262
Operating Expenses:
Purchased Gas	221,835		193,237
Operation and Maintenance:
Utility and Energy Marketing	181,377		182,681
Exploration and Production and Other	176,560		154,190
Pipeline and Storage and Gathering	125,048		110,853
Property, Franchise and Other Taxes	96,434		88,037
Depreciation, Depletion and Amortization	340,761		314,360
Impairment of Oil and Gas Producing Properties	—		525,590
	1,142,015		1,568,948
Gain on Sale of Timber Properties	—		51,066
Operating Income	706,041		25,380
Other Income (Expense):
Other Income (Deductions)	(14,142)		(16,950)
Interest Expense on Long-Term Debt	(139,331)		(116,825)
Other Interest Expense	(4,142)		(7,433)
Income (Loss) Before Income Taxes	548,426		(115,828)
Income Tax Expense	130,161		16,761
Net Income (Loss) Available for Common Stock	$	418,265	$	(132,589)
Earnings (Loss) Per Common Share:
Basic:
Net Income (Loss) Available for Common Stock	$	4.59	$	(1.49)
Diluted:
Net Income (Loss) Available for Common Stock	$	4.55	$	(1.49)
Weighted Average Common Shares Outstanding:
Used in Basic Calculation	91,196,134		89,132,522
Used in Diluted Calculation	91,853,955		89,132,522