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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating Revenues        
Oil and gas operations $ 399,468 $ 244,090 $ 623,425 $ 460,882
Natural gas distribution 70,887 86,309 265,374 355,881
Total operating revenues 470,355 330,399 888,799 816,763
Operating Expenses        
Cost of gas 13,669 32,419 73,255 164,168
Operations and maintenance 112,713 103,232 223,274 207,014
Depreciation, depletion and amortization 101,991 65,629 196,525 126,757
Income taxes        
Deferred     55,060 75,409
Asset impairment 0 0 21,545 0
Taxes, other than income taxes 19,523 21,095 45,758 49,270
Accretion expense 1,861 1,689 3,674 3,338
Total operating expenses 249,757 224,064 564,031 550,547
Operating Income 220,598 106,335 324,768 266,216
Other Income (Expense)        
Interest expense (15,835) (9,463) (31,260) (18,867)
Other income 659 779 2,217 2,009
Other expense (582) (113) (221) (276)
Total other expense (15,758) (8,797) (29,264) (17,134)
Interest Charges        
Income Before Income Taxes 204,840 97,538 295,504 249,082
Income tax expense 73,553 34,213 106,811 91,489
Net Income 131,287 63,325 188,693 157,593
Diluted Earnings Per Average Common Share $ 1.82 $ 0.87 $ 2.61 $ 2.18
Basic Earnings Per Average Common Share $ 1.82 $ 0.88 $ 2.62 $ 2.19
Dividends Per Common Share $ 0.140 $ 0.135 $ 0.280 $ 0.270
Diluted Average Common Shares Outstanding 72,330 72,420 72,336 72,364
Basic Average Common Shares Outstanding 72,117 72,065 72,110 72,033
Alabama Gas Corporation
       
Operating Revenues        
Natural gas distribution 70,887 86,309 265,374 355,881
Operating Expenses        
Cost of gas 13,669 32,419 73,255 164,168
Operations and maintenance 36,169 36,212 70,235 73,534
Depreciation, depletion and amortization 10,533 9,846 20,979 19,626
Income taxes        
Current (2,631) (8,701) 22,809 12,870
Deferred 2,969 6,562 6,167 12,962
Taxes, other than income taxes 6,068 6,669 17,897 22,331
Total operating expenses 66,777 83,007 211,342 305,491
Operating Income 4,110 3,302 54,032 50,390
Other Income (Expense)        
Interest expense (3,959) (3,536) (8,021) (7,153)
Allowance for funds used during construction 131 234 265 392
Other income 340 374 1,138 993
Other expense (296) (112) (170) (185)
Total other expense 175 496 1,233 1,200
Interest Charges        
Interest on long-term debt 3,423 3,039 6,848 6,081
Other interest expense 536 497 1,173 1,072
Net Income $ 326 $ 262 $ 47,244 $ 44,437