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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Revenues    
Oil and gas operations $ 223,957 $ 216,792
Natural gas distribution 194,487 269,572
Total operating revenues 418,444 486,364
Operating Expenses    
Cost of gas 59,586 131,749
Operations and maintenance 110,561 103,782
Depreciation, depletion and amortization 94,534 61,128
Income taxes    
Deferred 23,182 40,772
Asset impairment 21,545 0
Taxes, other than income taxes 26,235 28,175
Accretion expense 1,813 1,649
Total operating expenses 314,274 326,483
Operating Income 104,170 159,881
Other Income (Expense)    
Interest expense 15,425 9,404
Other income 2,032 1,230
Other expense (113) (163)
Total other expense (13,506) (8,337)
Interest Charges    
Income Before Income Taxes 90,664 151,544
Income tax expense 33,258 57,276
Net Income 57,406 94,268
Diluted Earnings Per Average Common Share $ 0.79 $ 1.30
Basic Earnings Per Average Common Share $ 0.80 $ 1.31
Dividends Per Common Share $ 0.140 $ 0.135
Diluted Average Common Shares Outstanding 72,326 72,240
Basic Average Common Shares Outstanding 72,102 72,001
Alabama Gas Corporation
   
Operating Revenues    
Natural gas distribution 194,487 269,572
Operating Expenses    
Cost of gas 59,586 131,749
Operations and maintenance 34,066 37,322
Depreciation, depletion and amortization 10,446 9,780
Income taxes    
Current 25,440 21,571
Deferred 3,198 6,400
Taxes, other than income taxes 11,829 15,662
Total operating expenses 144,565 222,484
Operating Income 49,922 47,088
Other Income (Expense)    
Interest expense 4,062 3,617
Allowance for funds used during construction 134 158
Other income 986 619
Other expense (62) (73)
Total other expense 1,058 704
Interest Charges    
Interest on long-term debt 3,424 3,042
Other interest expense 638 575
Net Income $ 46,918 $ 44,175