National fuel gas company (NFG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Jun'09
INCOME
Revenues

491,095

444,188

293,341

357,200

552,544

490,247

289,196

342,912

540,905

419,655

286,938

348,368

522,075

422,500

292,472

335,617

449,132

375,195

301,062

339,815

596,127

523,909

366,623

440,144

756,242

550,072

338,863

440,008

597,826

452,854

313,260

328,861

552,309

432,423

286,034

380,979

660,881

450,948

286,396

351,992

667,980

454,135

367,111

Operating Expenses:
Purchased Gas

118,270

-

-

-

195,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, Franchise and Other Taxes

22,743

23,144

20,840

21,506

22,535

24,005

20,148

20,595

22,802

20,848

20,627

21,447

22,542

20,379

19,791

20,261

21,305

20,357

21,002

22,717

24,916

20,929

21,598

22,483

25,704

20,926

18,881

21,201

22,685

19,664

20,149

20,432

30,477

19,230

18,189

20,179

23,798

19,736

18,168

18,594

20,440

18,650

17,576

Depreciation, Depletion and Amortization

77,912

74,918

74,669

71,072

65,664

64,255

63,159

60,817

61,155

55,830

55,383

55,617

56,999

56,196

56,117

58,802

63,947

70,551

70,859

79,865

82,687

102,747

103,904

96,788

89,975

93,114

86,257

88,142

80,030

72,331

71,605

74,227

63,151

62,547

55,910

57,293

60,011

53,313

49,264

50,422

46,725

44,788

43,659

Impairment of Oil and Gas Producing Properties

177,800

-

-

-

0

-

-

-

-

-

-

-

-

-

32,755

82,658

397,443

435,451

417,197

588,712

120,348

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Expenses

515,675

-

-

-

399,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Expenses

-

296,168

-

244,373

-

328,564

204,534

228,909

369,316

270,186

158,610

225,014

352,118

250,361

211,227

290,456

686,132

681,119

627,792

829,029

551,796

363,349

264,619

313,131

576,167

389,491

242,228

313,004

434,835

321,646

205,995

238,568

420,212

314,029

210,844

286,174

507,125

333,537

212,401

262,804

516,349

328,498

279,883

Operating Income (Loss)

-24,580

148,020

83,940

112,827

153,359

161,683

84,662

114,003

171,589

149,469

128,328

123,354

169,957

172,139

81,245

45,161

-237,000

-305,924

-326,730

-489,214

44,331

160,560

102,004

127,013

180,075

160,581

96,635

127,004

162,991

131,208

107,265

90,293

132,097

118,394

75,190

94,805

153,756

117,411

73,995

89,188

151,631

125,637

87,228

Other Income (Expense):
Income (Loss) from Unconsolidated Subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

624

672

401

627

Gain on Sale of Unconsolidated Subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,879

-

-

-

-

-

-

Other Income

-

-

-

-

-

-

-

-

-

-

-

1,370

1,744

1,614

2,647

1,519

3,236

2,418

3,402

2,066

1,388

1,183

2,614

1,496

5,123

228

1,032

1,163

1,087

1,415

1,057

1,086

1,654

1,336

1,817

1,813

2,424

-107

3,653

851

1,266

356

1,522

Interest Income

-

-

-

-

-

-

-

-

-

-

-

853

391

1,600

1,594

564

278

1,799

2,291

327

46

1,258

2,849

370

249

702

2,492

317

140

1,386

2,002

390

192

1,105

1,639

325

68

884

1,681

568

326

1,154

1,460

Other Income (Deductions)

-17,480

-3,040

1,435

-1,456

-5,919

-9,602

-967

-3,612

-13,092

-3,503

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Expense on Long-Term Debt

25,270

25,443

25,599

25,303

25,273

25,439

28,534

27,177

27,148

28,087

29,230

29,225

28,913

29,103

29,084

28,897

28,994

30,372

29,016

22,213

22,376

22,311

22,427

22,116

22,766

22,885

23,041

22,998

22,786

21,448

21,407

21,529

20,425

18,641

17,573

17,876

17,926

20,192

21,951

21,115

22,061

22,063

21,756

Other Interest Expense

1,892

1,551

1,080

1,202

1,787

1,073

835

1,006

1,233

502

686

846

924

910

-241

1,321

1,237

1,380

174

1,007

1,584

790

623

1,136

1,375

949

941

1,303

526

1,068

1,387

828

1,253

770

540

1,159

1,454

1,401

1,511

1,866

2,002

1,377

2,539

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-69,222

117,986

58,696

84,866

120,380

125,569

54,326

82,208

130,116

117,377

61,063

95,506

142,255

145,340

56,643

17,026

-263,717

-333,459

-350,227

-510,041

21,805

139,900

84,417

105,627

161,306

137,677

76,177

104,183

140,906

111,493

87,530

69,412

112,265

101,424

60,533

77,908

187,747

96,595

54,170

68,250

129,832

104,108

66,542

Income Tax Expense (Benefit)

36,846

31,395

11,414

21,113

29,785

22,909

16,331

19,183

38,269

-81,277

15,487

35,792

52,971

56,432

19,091

8,740

-116,030

-144,350

-162,525

-216,907

5,136

55,160

26,987

41,107

66,095

55,425

28,335

45,688

55,186

43,549

38,728

26,228

44,873

40,725

23,176

31,017

72,136

38,052

21,778

25,608

49,958

39,883

23,638

Income from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,392

42,642

79,874

64,225

-

Income from Discontinued Operations, Net of Tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,009

-57

554

274

-

Net Income (Loss) Attributable to Parent

-106,068

86,591

47,282

63,753

90,595

102,660

37,995

63,025

91,847

198,654

45,576

59,714

89,284

88,908

37,552

8,286

-147,687

-189,109

-187,702

-293,134

16,669

84,740

57,430

64,520

95,211

82,252

47,842

58,495

85,720

67,944

48,802

43,184

67,392

60,699

37,357

46,891

115,611

58,543

38,401

42,585

80,428

64,499

42,904

EARNINGS REINVESTED IN THE BUSINESS
Beginning Retained Earnings Unappropriated And Current Period Net Income

1,214,524

1,359,192

-2,361,709

1,300,410

1,262,929

1,201,560

-2,047,677

1,133,964

1,106,580

1,050,323

-1,534,413

877,062

851,925

765,269

-1,542,466

707,685

732,932

914,091

-3,505,201

1,357,706

1,683,328

1,699,101

-2,993,220

1,621,704

1,588,677

1,524,869

-2,694,922

1,457,494

1,429,485

1,374,228

-2,463,547

1,318,291

1,304,634

1,266,721

-2,236,572

1,227,422

1,209,009

1,121,805

-1,986,131

1,081,454

1,066,091

1,012,792

975,023

Dividends on Common Stock

37,654

37,650

37,548

37,543

36,678

36,663

36,533

36,526

35,641

35,590

35,500

35,469

34,577

34,544

34,472

34,404

33,533

33,472

33,416

33,388

32,488

32,442

32,400

32,373

31,493

31,403

31,373

31,346

30,486

30,463

30,416

30,393

29,527

29,479

29,399

29,358

28,478

28,407

28,315

28,278

27,222

27,129

26,761

Cumulative Effect of Adoption of Authoritative Guidance for Stock-Based Compensation

-

-

-

-

-

-

-

-

-

-

-

0

0

31,916

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Common Share, Basic:
Income from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.40

0.52

0.98

0.80

-

Income from Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

0.00

0.01

0.00

-

Net Income (Loss) Available for Common Stock (in dollars per share)

-1.23

1.00

0.55

0.74

1.05

1.19

0.44

0.73

1.07

2.32

0.53

0.70

1.05

1.04

0.44

0.10

-1.74

-2.23

-2.24

-3.47

0.20

1.01

0.68

0.77

1.14

0.98

0.57

0.70

1.03

0.81

0.59

0.52

0.81

0.73

0.45

0.57

1.40

0.71

0.47

0.52

0.99

0.80

0.54

Earnings Per Common Share, Diluted:
Income from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.40

0.51

0.96

0.78

-

Income from Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.07

0.00

0.01

0.00

-

Net Income (Loss) Available for Common Stock (in dollars per share)

-1.23

1.00

0.56

0.73

1.04

1.18

0.44

0.73

1.06

2.30

0.53

0.69

1.04

1.04

0.44

0.10

-1.74

-2.23

-2.26

-3.44

0.20

1.00

0.67

0.76

1.12

0.97

0.56

0.69

1.02

0.81

0.57

0.52

0.81

0.73

0.45

0.56

1.38

0.70

0.47

0.51

0.97

0.78

0.53

Weighted Average Common Shares Outstanding:
Used in Basic Calculation (shares)

86,561

86,378

86,312

86,306

86,290

86,032

85,952

85,930

85,809

85,630

85,512

85,422

85,334

85,189

85,016

84,917

84,806

84,651

84,571

84,453

84,317

84,208

84,127

84,029

83,856

83,707

83,628

83,557

83,498

83,390

83,304

83,227

83,107

82,870

82,744

82,687

82,400

82,223

81,932

81,801

81,175

80,612

79,551

Used in Diluted Calculation (shares)

86,561

86,883

86,776

86,839

86,767

86,708

86,608

86,501

86,323

86,325

86,216

86,064

86,006

85,797

84,463

85,470

84,806

84,651

82,051

85,248

85,133

85,118

85,340

84,973

84,837

84,659

84,873

84,325

84,159

84,006

83,906

83,674

83,678

83,699

83,806

83,782

83,673

83,420

82,929

82,970

82,569

82,172

80,391

Dividends Per Common Share:
Dividends Declared (in dollars per share)

0.43

0.43

-

0.43

0.42

0.42

-

0.42

0.41

0.41

-

0.41

0.40

0.40

-

0.40

0.39

0.39

-

0.39

0.38

0.38

-

0.38

0.37

0.37

-

0.37

0.36

0.36

-

0.36

0.35

-

-

-

-

-

-

-

-

-

-

Utility and Energy Marketing [Member]
Revenues

282,634

228,026

79,927

151,312

357,654

272,092

93,239

154,088

339,422

225,725

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operation and Maintenance

51,725

43,256

39,391

39,607

48,559

43,915

38,537

39,560

46,708

44,080

-

-

-

-

-

-

-

-

-

-

-

112,582

-

107,232

137,716

107,846

103,558

108,497

122,303

107,732

89,542

93,749

118,047

100,059

90,371

95,977

116,721

97,450

87,945

96,593

116,261

93,770

91,679

Exploration and Production and Other [Member]
Revenues

156,542

167,193

166,260

159,864

146,467

163,937

143,998

137,492

147,868

140,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operation and Maintenance

39,959

36,693

38,847

35,674

40,141

32,795

34,654

30,682

39,127

35,083

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pipeline and Storage and Gathering [Member]
Revenues

51,919

48,969

47,154

46,024

48,423

54,218

51,959

51,332

53,615

53,480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operation and Maintenance

27,305

25,885

30,925

28,675

27,249

24,934

33,067

25,044

22,916

20,311

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchased Gas [Member]
Purchased Gas

-

92,272

-

47,839

-

138,660

14,969

52,211

176,608

94,034

-

-

147,971

70,243

-

23,477

81,623

42,068

5,255

27,038

190,600

127,091

28,833

86,628

322,772

167,605

33,532

95,164

209,817

121,919

24,699

50,160

208,537

132,193

46,374

112,725

306,595

163,038

57,024

97,195

332,923

171,290

126,969

Guidance for Hedging [Member]
Cumulative Effect of Adoption of Authoritative Guidance

0

-950

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Guidance for Recognition and Measurement of Financial Assets and Liabilities [Member]
Cumulative Effect of Adoption of Authoritative Guidance

0

0

0

0

0

7,437

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Guidance for Reclassification of Stranded Tax Effects [Member]
Cumulative Effect of Adoption of Authoritative Guidance

0

-

-

0

10,406

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-