| 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 | |||||||||