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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Oil, natural gas liquids and natural gas sales $ 355,852 $ 312,400 $ 706,674 $ 567,239
Gain (loss) on derivative instruments, net (84,846) 55,244 (138,237) 36,288
Loss on sale of assets and other (909) (663) (1,062) (215)
Total revenues 270,097 366,981 567,375 603,312
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 64,697 59,607 132,141 125,149
Production and ad valorem taxes 28,049 23,503 55,373 46,879
Depreciation, depletion and amortization 136,244 112,384 260,464 207,336
Exploration 2,575 3,455 15,389 4,953
General and administrative 33,542 27,666 65,715 55,752
Income taxes        
Deferred     16,551 57,500
Accretion of discount on asset retirement obligations 1,883 1,729 3,726 3,416
Total costs and expenses 266,990 228,344 532,808 443,485
Operating Income 3,107 138,637 34,567 159,827
Other Income (Expense)        
Interest expense (7,964) (10,182) (15,852) (20,083)
Other income 687 196 1,010 1,370
Total other expense (7,277) (9,986) (14,842) (18,713)
Interest Expense        
Income (Loss) From Continuing Operations Before Income Taxes (4,170) 128,651 19,725 141,114
Income tax expense (benefit) (1,016) 46,229 7,232 50,273
Income (Loss) From Continuing Operations (3,154) 82,422 12,493 90,841
Discontinued Operations, net of tax        
Income (loss) from discontinued operations (4,799) 645 33,920 48,918
Loss on disposal of discontinued operations 0 0 (1,050) 0
Total Income (Loss) From Discontinued Operations (4,799) 645 32,870 48,918
Net Income (Loss) (7,953) 83,067 45,363 139,759
Diluted Earnings Per Average Common Share        
Continuing Operations (in dollars per share) $ (0.04) $ 1.14 $ 0.17 $ 1.26
Discontinued operations (in dollars per share) $ (0.07) $ 0.01 $ 0.45 $ 0.67
Diluted Earnings Per Average Common Share (in dollars per share) $ (0.11) $ 1.15 $ 0.62 $ 1.93
Basic Earnings Per Average Common Share        
Continuing Operations (in dollars per share) $ (0.04) $ 1.14 $ 0.17 $ 1.26
Discontinued operations (in dollars per share) $ (0.07) $ 0.01 $ 0.45 $ 0.68
Net Income (Loss) (in dollars per share) $ (0.11) $ 1.15 $ 0.62 $ 1.94
Dividends Per Common Share $ 0.15 $ 0.145 $ 0.300 $ 0.290
Diluted Average Common Shares Outstanding 72,851 72,419 73,031 72,329
Basic Average Common Shares Outstanding 72,851 72,167 72,737 72,155
Alabama Gas Corporation
       
Revenues        
Operating Revenues 93,873 104,514 357,774 342,199
Operating Costs and Expenses        
Cost of gas 38,468 47,571 166,582 143,013
Operations and maintenance 34,771 36,005 70,995 74,022
Depreciation, depletion and amortization 11,445 10,873 22,770 21,602
Income taxes        
Current (687) (1,778) 24,530 24,143
Deferred 227 1,335 1,494 4,355
Taxes, other than income taxes 7,243 7,846 23,130 22,050
Total costs and expenses 91,467 101,852 309,501 289,185
Operating Income 2,406 2,662 48,273 53,014
Other Income (Expense)        
Interest expense (3,745) (3,833) (7,710) (7,863)
Allowance for funds used during construction 62 227 135 446
Other income 1,090 361 2,598 1,111
Other expense (428) (121) (883) (190)
Total other expense 724 467 1,850 1,367
Interest Expense        
Interest on long-term debt 3,375 3,377 6,752 6,755
Other interest expense 370 456 958 1,108
Discontinued Operations, net of tax        
Net Income (Loss) $ (615) $ (704) $ 42,413 $ 46,518