| 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 | |||||||||