Consolidated Statements of Income (Unaudited)
For the 3 months ending December 31, 2004 and 2003

	4th Quarter
(in thousands, except per share data)		2004		2003		Change
Operating Revenues
Oil and gas operations	$	114,648	$	86,827	$	27,821
Natural gas distribution		116,632		115,565		1,067
Total operating revenues		231,280		202,392		28,888
Operating Expenses
Cost of gas		54,315		54,778		(463)
Operations & maintenance		64,045		59,214		4,831
DD&A		32,401		29,385		3,016
Taxes, other than income taxes		19,291		15,719		3,572
Accretion expense		630		471		159
Total operating expenses		170,682		159,567		11,115
Operating Income		60,598		42,825		17,773
Other Income (Expense)
Interest expense		(11,216)		(10,553)		(663)
Other income		748		1,336		(588)
Other expense		(295)		(1,759)		1,464
Total other expense		(10,763)		(10,976)		213
Income Before Income Taxes		49,835		31,849		17,986
Income tax expense		18,582		10,823		7,759
Income from Continuing Operations		31,253		21,026		10,227
Discontinued Operations, Net of Taxes
Income from discontinued operations		15		6		9
Loss on disposal		-		(202)		202
Income (Loss) from Discontinued Operations		15		(196)		211
Net Income	$	31,268	$	20,830	$	10,438
Diluted Earnings Per Share
Continuing operations	$	0.85	$	0.58	$	0.27
Discontinued operations		-		(0.01)		0.01
Net Income	$	0.85	$	0.57	$	0.28
Basic Earnings Per Share
Continuing operations	$	0.86	$	0.58	$	0.28
Discontinued operations		-		-		-
Net Income	$	0.86	$	0.58	$	0.28
Diluted Avg. Common Shares Outstanding		36,726		36,394		332
Basic Avg. Common Shares Outstanding		36,378		36,055		323
Dividends Per Share	$	0.1925	$	0.185	$	0.0075

Consolidated Statements of Income (Unaudited)
For the 12 months ending December 31, 2004 and 2003

	Year-to-date
(in thousands, except per share data)		2004		2003		Change
Operating Revenues
Oil and gas operations	$	410,644	$	353,122	$	57,522
Natural gas distribution		526,740		489,099		37,641
Total operating revenues		937,384		842,221		95,163
Operating Expenses
Cost of gas		259,889		233,823		26,066
Operations & maintenance		234,224		208,219		26,005
DD&A		120,960		116,858		4,102
Taxes, other than income taxes		74,970		63,543		11,427
Accretion expense		2,265		1,890		375
Total operating expenses		692,308		624,333		67,975
Operating Income		245,076		217,888		27,188
Other Income (Expense)
Interest expense		(42,743)		(42,262)		(481)
Other income		2,945		8,744		(5,799)
Other expense		(2,215)		(9,977)		7,762
Total other expense		(42,013)		(43,495)		1,482
Income Before Income Taxes		203,063		174,393		28,670
Income tax expense		75,613		64,128		11,485
Income from Continuing Operations		127,450		110,265		17,185
Discontinued Operations, Net of Taxes
Income from discontinued operations		18		973		(955)
Loss on disposal		(5)		(584)		579
Income (Loss) from Discontinued Operations		13		389		(376)
Net Income	$	127,463	$	110,654	$	16,809
Diluted Earnings Per Share
Continuing operations	$	3.49	$	3.09	$	0.40
Discontinued operations		-		0.01		(0.01)
Net Income	$	3.49	$	3.10	$	0.39
Basic Earnings Per Share
Continuing operations	$	3.51	$	3.11	$	0.40
Discontinued operations		-		0.01		(0.01)
Net Income	$	3.51	$	3.12	$	0.39
Diluted Avg. Common Shares Outstanding		36,560		35,717		843
Basic Avg. Common Shares Outstanding		36,273		35,434		839
Dividends Per Share	$	0.755	$	0.73	$	0.025

Selected Business Segment Data (Unaudited) For the 3 months ending December 31, 2004 and 2003
	4th Quarter
(in thousands, except sales price data)		2004		2003		Change
Oil and Gas Operations
Operating revenues from continuing operations
Natural gas	$	76,188	$	57,488	$	18,700
Oil		28,147		22,081		6,066
Natural gas liquids		8,682		6,994		1,688
Other		1,631		264		1,367
Total	$	114,648	$	86,827	$	27,821
Production volumes from continuing operations
Natural gas (MMcf)		15,109		13,964		1,145
Oil (MBbl)		876		872		4
Natural gas liquids (MMgal)		17.9		17.1		0.8
Production volumes from continuing ops. (MMcfe)		22,922		21,643		1,279
Total production volumes (MMcfe)		22,922		21,644		1,278
Average sales price from continuing ops.
Natural gas (Mcf)	$	5.04	$	4.12	$	0.92
Oil (barrel)	$	32.12	$	25.32	$	6.80
Natural gas liquids (gallon)	$	0.49	$	0.41	$	0.08
Other data from continuing operations
Lease operating expense (LOE)
LOE and other	$	20,914	$	19,912	$	1,002
Production taxes		11,035		7,010		4,025
Total	$	31,949	$	26,922	$	5,027
Depreciation, depletion and amortization	$	21,973	$	19,746	$	2,227
Capital expenditures	$	43,709	$	50,344	$	(6,635)
Exploration expense	$	193	$	73	$	120
Operating income	$	52,059	$	31,943	$	20,116
Natural Gas Distribution
Operating revenues
Residential	$	73,065	$	74,556	$	(1,491)
Commercial and industrial - small		30,994		29,083		1,911
Transportation		10,905		10,188		717
Other		1,668		1,738		(70)
Total	$	116,632	$	115,565	$	1,067
Gas delivery volumes (MMcf)
Residential		4,639		5,397		(758)
Commercial and industrial - small		2,477		2,566		(89)
Transportation		13,813		13,996		(183)
Total		20,929		21,959		(1,030)
Other data
Depreciation and amortization	$	10,428	$	9,639	$	789
Capital expenditures	$	16,118	$	15,745	$	373
Operating income	$	9,740	$	12,235	$	(2,495)
Selected Business Segment Data (Unaudited) For the 12 months ending December 31, 2004 and 2003

	Year-to-date
(in thousands, except sales price data)		2004		2003		Change
Oil and Gas Operations
Operating revenues from continuing operations
Natural gas	$	276,972	$	235,649	$	41,323
Oil		98,413		87,200		11,213
Natural gas liquids		30,902		25,890		5,012
Other		4,357		4,383		(26)
Total	$	410,644	$	353,122	$	57,522
Production volume from continuing operations
Natural gas (MMcf)		57,257		55,433		1,824
Oil (MBbl)		3,434		3,412		22
Natural gas liquids (MMgal)		68.2		66.6		1.6
Production volumes from continuing ops. (MMcfe)		87,606		85,422		2,184
Total production volumes (MMcfe)		87,606		86,157		1,449
Average sales price from continuing ops.
Natural gas (Mcf)	$	4.84	$	4.25	$	0.59
Oil (barrel)	$	28.66	$	25.56	$	3.10
Natural gas liquids (gallon)	$	0.45	$	0.39	$	0.06
Other data from continuing operations
Lease operating expense (LOE)
LOE and other	$	79,265	$	67,920	$	11,345
Production taxes		37,322		27,731		9,591
Total	$	116,587	$	95,651	$	20,936
Depreciation, depletion and amortization	$	81,079	$	79,687	$	1,392
Capital expenditures	$	403,702	$	163,338	$	240,364
Exploration expense	$	2,100	$	1,053	$	1,047
Operating income	$	180,612	$	153,591	$	27,021
Natural Gas Distribution
Operating revenues
Residential	$	340,229	$	320,938	$	19,291
Commercial and industrial - small		138,686		126,638		12,048
Transportation		40,221		38,250		1,971
Other		7,604		3,273		4,331
Total	$	526,740	$	489,099	$	37,641
Gas delivery volumes (MMcf)
Residential		25,383		27,248		(1,865)
Commercial and industrial - small		12,323		12,564		(241)
Transportation		54,385		55,623		(1,238)
Total		92,091		95,435		(3,344)
Other data
Depreciation and amortization	$	39,881	$	37,171	$	2,710
Capital expenditures	$	58,208	$	57,906	$	302
Operating income	$	66,199	$	66,848	$	(649)