National Fuel Gas (NFG) 10-Q 2008 Q2 Quarterly report

Exhibit 99
Form 10-Q
3/31/2008

NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)

	Twelve Months Ended
	March 31
	2008			2007
	(Thousands of Dollars)
INCOME
Operating Revenues	$	2,204,929		$	1,966,473
Operating Expenses
Purchased Gas		1,107,686			984,087
Operation and Maintenance		404,336			395,036
Property, Franchise and Other Taxes		72,790			69,266
Depreciation, Depletion and Amortization		166,650			155,035
		1,751,462			1,603,424
Operating Income		453,467			363,049
Other Income (Expense):
Income from Unconsolidated Subsidiaries		6,111			3,772
Interest Income		5,099			9,310
Other Income		5,029			5,077
Interest Expense on Long-Term Debt		(67,092	)		(70,193	)
Other Interest Expense		(5,673	)		(6,077	)
Income from Continuing Operations Before Income Taxes		396,941			304,938
Income Tax Expense		155,826			112,566
Income from Continuing Operations		241,115			192,372
Income (Loss) from Discontinued Operations		128,981			(57,327	)
Net Income Available for Common Stock	$	370,096		$	135,045
Earnings Per Common Share:
Basic
Income from Continuing Operations	$	2.89		$	2.31
Income (Loss) from Discontinued Operations		1.54			(0.69	)
Net Income Available for Common Stock	$	4.43		$	1.62
Diluted
Income from Continuing Operations	$	2.82		$	2.25
Income (Loss) from Discontinued Operations		1.50			(0.67	)
Net Income Available for Common Stock	$	4.32		$	1.58
Weighted Average Common Shares Outstanding:
Used in Basic Calculation		83,502,281			83,232,743
Used in Diluted Calculation		85,610,528			85,352,796