EX-99 8 nfg-12312024xexhibit99.htm EX-99

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
			Twelve Months Ended
			December 31,
(Thousands of Dollars)			2024						2023
INCOME
Operating Revenues:
Utility Revenues			$	723,310					$	832,081
Exploration and Production and Other Revenues			955,919						935,500
Pipeline and Storage and Gathering Revenues			289,702						272,693
			1,968,931						2,040,274
Operating Expenses:
Purchased Gas			158,847						322,950
Operation and Maintenance:
Utility			219,932						208,592
Exploration and Production and Other			140,023						132,222
Pipeline and Storage and Gathering			161,297						150,949
Property, Franchise and Other Taxes			88,491						88,910
Depreciation, Depletion and Amortization			450,606						428,763
Impairment of Assets			660,930						—
			1,880,126						1,332,386
Operating Income			88,805						707,888
Other Income (Expense):
Other Income (Deductions)			20,214						15,552
Interest Expense on Long-Term Debt			(127,698)						(110,806)
Other Interest Expense			(14,005)						(22,369)
Income (Loss) Before Income Taxes			(32,684)						590,265
Income Tax Expense (Benefit)			(22,163)						150,068
Net Income (Loss) Available for Common Stock			$	(10,521)					$	440,197
Earnings (Loss) Per Common Share:
Basic:
Net Income (Loss) Available for Common Stock			$	(0.11)					$	4.79
Diluted:
Net Income (Loss) Available for Common Stock			$	(0.11)					$	4.77
Weighted Average Common Shares Outstanding:
Used in Basic Calculation			91,506,423						91,832,178
Used in Diluted Calculation			91,506,423						92,308,466