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10-Q primary document
NFG · Quarterly Report (Form 10-Q) · Filed April 30, 2026

National Fuel Gas Co10-Q exhibit

nfg-3312026xexhibit99.htm
Document

Exhibit 99
NATIONAL FUEL GAS
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Twelve Months Ended
March 31,
(Thousands of Dollars)20262025
INCOME
Operating Revenues:
Utility Revenues$930,112 $776,686 
Integrated Upstream and Gathering Revenues1,298,683 1,016,967 
Pipeline and Storage Revenues279,195 275,288 
2,507,990 2,068,941 
Operating Expenses:
Purchased Gas306,223 188,246 
Operation and Maintenance:
Utility238,905 224,090 
Integrated Upstream and Gathering and Other233,812 189,398 
Pipeline and Storage121,327 117,209 
Property, Franchise and Other Taxes97,147 90,687 
Depreciation, Depletion and Amortization477,301 442,948 
Impairment of Assets— 660,930 
1,474,715 1,913,508 
Operating Income1,033,275 155,433 
Other Income (Expense):
Other Income (Deductions)38,711 29,376 
Interest Expense on Long-Term Debt(131,442)(138,907)
Other Interest Expense(19,001)(12,463)
Income Before Income Taxes921,543 33,439 
Income Tax Expense (Benefit)235,070 (6,126)
Net Income Available for Common Stock$686,473 $39,565 
Earnings Per Common Share:
Basic:
Net Income Available for Common Stock$7.48 $0.43 
Diluted:
Net Income Available for Common Stock$7.42 $0.43 
Weighted Average Common Shares Outstanding:
Used in Basic Calculation91,716,319 91,106,728 
Used in Diluted Calculation92,486,999 91,720,006 

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