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STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Gross Margin        
Revenues $ 247,142 $ 232,191 $ 1,077,239 $ 986,479
Cost of natural gas 58,769 52,253 404,495 344,439
Net margin 188,373 179,938 672,744 642,040
Operating expenses        
Operations and maintenance 95,371 99,402 305,969 302,652
Depreciation and amortization 38,423 36,241 113,293 106,490
General taxes 13,799 13,403 43,518 42,311
Total operating expenses 147,593 149,046 462,780 451,453
Operating income 40,780 30,892 209,964 190,587
Other income 1,042 911 3,163 1,345
Other expense (444) (357) (1,246) (1,126)
Interest expense, net (11,495) (10,809) (34,281) (32,504)
Income before income taxes 29,883 20,637 177,600 158,302
Income taxes (11,086) (7,900) (61,724) (60,521)
Net income $ 18,797 $ 12,737 $ 115,876 $ 97,781
Earnings per share        
Basic $ 0.36 $ 0.24 $ 2.21 $ 1.86
Diluted $ 0.36 $ 0.24 $ 2.19 $ 1.85
Average shares (thousands)        
Basic 52,488 52,453 52,539 52,452
Diluted 52,926 52,942 52,984 52,962
Dividends declared per share of stock $ 0.42 $ 0.35 $ 1.26 $ 1.05