NATIONAL FUEL GAS CO - FORM 10-Q - EX-99 - EXHIBIT 99

file	filename
EX-32 - EXHIBIT 32 - NATIONAL FUEL GAS CO	nfg-12312019xexhibit32.htm
EX-31.2 - EXHIBIT 31.2 - NATIONAL FUEL GAS CO	nfg-12312019xexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - NATIONAL FUEL GAS CO	nfg-12312019xexhibit311.htm
EX-10.2 - EXHIBIT 10.2 - NATIONAL FUEL GAS CO	nfg-12312019xexhibit102.htm
EX-10.1 - EXHIBIT 10.1 - NATIONAL FUEL GAS CO	nfg-12312019xexhibit101.htm
10-Q - 10-Q - NATIONAL FUEL GAS CO	nfg-12312019x10q.htm




Exhibit 99

NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)

	Twelve Months Ended
	December 31,
(Thousands of Dollars)	2019			2018

INCOME
Operating Revenues:
Utility and Energy Marketing Revenues	$	816,918		$	858,842
Exploration and Production and Other Revenues	639,785			593,295
Pipeline and Storage and Gathering Revenues	190,570			211,123
	1,647,273			1,663,260

Operating Expenses:
Purchased Gas	339,877			382,448
Operation and Maintenance:
Utility and Energy Marketing	170,812			168,720
Exploration and Production and Other	151,355			137,259
Pipeline and Storage and Gathering	112,735			105,961
Property, Franchise and Other Taxes	88,025			87,550
Depreciation, Depletion and Amortization	286,324			249,386
	1,149,128			1,131,324

Operating Income	498,145			531,936

Other Income (Expense):
Other Income (Deductions)	(8,980		)	(27,273		)
Interest Expense on Long-Term Debt	(101,618		)	(108,299		)
Other Interest Expense	(5,620		)	(4,146		)

Income Before Income Taxes	381,927			392,218

Income Tax Expense	93,707			96,691

Net Income Available for Common Stock	$	288,220		$	295,527

Earnings Per Common Share:
Basic:
Net Income Available for Common Stock	$	3.34		$	3.44

Diluted:
Net Income Available for Common Stock	$	3.32		$	3.41

Weighted Average Common Shares Outstanding:
Used in Basic Calculation	86,322,694			85,932,035

Used in Diluted Calculation	86,775,768			86,558,769

NATIONAL FUEL GAS CO - FORM 10-Q - EX-99 - EXHIBIT 99 - January 31, 2020