Discontinued Operations and Held for Sale Properties (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The table below provides a detail of these items included in income (loss) from discontinued operations as follows:

(in thousands)	Three months ended September 30, 2014			Nine months ended September 30, 2014
Alagasco net income (loss)	$	(1,767	)	$	40,646
Depreciation, depletion and amortization	(103		)	(408		)
General and administrative	1,710			3,337
Interest expense	(4,329		)	(17,306		)
Other income	—			(347		)
Income tax expense	1,029			5,567
Alagasco income (loss) from discontinued operations	(3,460		)	31,489
Energen income (loss) from discontinued operations	(25		)	(1,054		)
Income (loss) from discontinued operations	$	(3,485	)	$	30,435

(in thousands, except per share data)	Three months ended September 30, 2014			Nine months ended September 30, 2014
Natural gas distribution revenues	$	39,874		$	397,648
Oil and natural gas revenues	6			5,217
Total revenues	$	39,880		$	402,865
Pretax income (loss) from discontinued operations	$	(5,938	)	$	48,581
Income tax expense (benefit)	(2,453		)	18,146
Income (Loss) From Discontinued Operations	$	(3,485	)	$	30,435
Gain on disposal of discontinued operations	$	726,410		$	724,743
Income tax expense	286,305			285,688
Gain on Disposal of Discontinued Operations	$	440,105		$	439,055
Total Income From Discontinued Operations	$	436,620		$	469,490
Diluted Earnings Per Average Common Share
Income (loss) from discontinued operations	$	(0.05	)	$	0.42
Gain on disposal of discontinued operations	5.99			5.99
Total Income From Discontinued Operations	$	5.94		$	6.41
Basic Earnings Per Average Common Share
Income (loss) from discontinued operations	$	(0.05	)	$	0.42
Gain on disposal of discontinued operations	6.03			6.03
Total Income From Discontinued Operations	$	5.98		$	6.45

As discussed in Note 14, Acquisition and Disposition of Properties, the following table details held for sale properties by major classes of assets and liabilities:

(in thousands)	December 31, 2014
		San Juan Basin*
Oil and natural gas properties		$	1,166,124
Less accumulated depreciation, depletion and amortization		(770,327		)
Total assets held for sale		395,797
Other long-term liabilities		(24,230		)
Total liabilities held for sale		(24,230		)
Total net assets held for sale		$	371,567

*The San Juan Basin natural gas assets that were held for sale as of December 31, 2014, did not qualify for discontinued operations as we have ongoing operations in the San Juan Basin.