National Fuel Gas (NFG) 10-Q 2024 Q1 Quarterly report

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
	Twelve Months Ended
	December 31,
(Thousands of Dollars)	2023		2022
INCOME
Operating Revenues:
Utility Revenues	$	832,081	$	972,850
Exploration and Production and Other Revenues	935,500		1,043,322
Pipeline and Storage and Gathering Revenues	272,693		282,176
	2,040,274		2,298,348
Operating Expenses:
Purchased Gas	322,950		461,661
Operation and Maintenance:
Utility	208,592		196,766
Exploration and Production and Other	132,222		172,827
Pipeline and Storage and Gathering	150,949		139,904
Property, Franchise and Other Taxes	88,910		102,885
Depreciation, Depletion and Amortization	428,763		377,811
	1,332,386		1,451,854
Gain on Sale of Assets	—		12,736
Operating Income	707,888		859,230
Other Income (Expense):
Other Income (Deductions)	15,552		5,886
Interest Expense on Long-Term Debt	(110,806)		(119,982)
Other Interest Expense	(22,369)		(12,532)
Income Before Income Taxes	590,265		732,602
Income Tax Expense	150,068		129,284
Net Income Available for Common Stock	$	440,197	$	603,318
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock	$	4.79	$	6.59
Diluted:
Net Income Available for Common Stock	$	4.77	$	6.54
Weighted Average Common Shares Outstanding:
Used in Basic Calculation	91,832,178		91,489,650
Used in Diluted Calculation	92,308,466		92,198,015