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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenues        
Oil and gas operations $ 244,090 $ 234,586 $ 460,882 $ 472,200
Natural gas distribution 86,309 99,139 355,881 436,439
Total operating revenues 330,399 333,725 816,763 908,639
Operating Expenses        
Cost of gas 32,419 43,234 164,168 240,390
Operations and maintenance 103,232 109,945 207,014 201,647
Depreciation, depletion and amortization 65,629 62,476 126,757 124,211
Income taxes        
Deferred     75,409 37,499
Taxes, other than income taxes 21,095 18,256 49,270 48,893
Accretion expense 1,689 1,521 3,338 3,007
Total operating expenses 224,064 235,432 550,547 618,148
Operating Income 106,335 98,293 266,216 290,491
Other Income (Expense)        
Interest expense 9,463 9,844 18,867 19,804
Other income 779 385 2,009 723
Other expense (113) (1,346) (276) (870)
Total other expense (8,797) (10,805) (17,134) (19,951)
Interest Charges        
Income Before Income Taxes 97,538 87,488 249,082 270,540
Income tax expense 34,213 31,945 91,489 98,287
Net Income 63,325 55,543 157,593 172,253
Diluted Earnings Per Average Common Share (dollars per share) $ 0.87 $ 0.77 $ 2.18 $ 2.39
Basic Earnings Per Average Common Share (dollars per share) $ 0.88 $ 0.77 $ 2.19 $ 2.40
Dividends Per Common Share (dollars per share) $ 0.135 $ 0.130 $ 0.270 $ 0.260
Diluted Average Common Shares Outstanding 72,420 72,089 72,364 72,069
Basic Average Common Shares Outstanding 72,065 71,844 72,033 71,830
Alabama Gas Corporation
       
Operating Revenues        
Natural gas distribution 86,309 99,139 355,881 436,439
Operating Expenses        
Cost of gas 32,419 43,234 164,168 240,390
Operations and maintenance 36,212 33,501 73,534 64,904
Depreciation, depletion and amortization 9,846 11,890 19,626 24,929
Income taxes        
Current (8,701) (4,201) 12,870 20,454
Deferred 6,562 3,977 12,962 7,270
Taxes, other than income taxes 6,669 7,376 22,331 27,823
Total operating expenses 83,007 95,777 305,491 385,770
Operating Income 3,302 3,362 50,390 50,669
Other Income (Expense)        
Interest expense 3,536 3,496 7,153 6,990
Allowance for funds used during construction 234 148 392 270
Other income 374 241 993 452
Other expense (112) (595) (185) (495)
Total other expense 496 (206) 1,200 227
Interest Charges        
Interest on long-term debt 3,039 2,964 6,081 5,932
Other interest expense 497 532 1,072 1,058
Net Income $ 262 $ (340) $ 44,437 $ 43,906