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Information by Operating Segment (Tables)
12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Operating Segment Information

 

2020

 

Gas

Utility

 

 

Gas

Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Revenues from external customers

 

$

1,751.8

 

 

$

87.9

 

 

$

15.7

 

 

$

 

 

$

1,855.4

 

Intersegment revenues

 

 

0.2

 

 

 

 

 

 

42.1

 

 

 

(42.3

)

 

 

 

Total Operating Revenues

 

 

1,752.0

 

 

 

87.9

 

 

 

57.8

 

 

 

(42.3

)

 

 

1,855.4

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

660.2

 

 

 

65.1

 

 

 

0.4

 

 

 

(29.6

)

 

 

696.1

 

Other operation and maintenance

 

 

421.3

 

 

 

11.8

 

 

 

38.2

 

 

 

(12.7

)

 

 

458.6

 

Depreciation and amortization

 

 

189.7

 

 

 

0.6

 

 

 

7.0

 

 

 

 

 

 

197.3

 

Taxes, other than income taxes

 

 

146.5

 

 

 

1.1

 

 

 

0.8

 

 

 

 

 

 

148.4

 

Impairments

 

 

 

 

 

 

 

 

148.6

 

 

 

 

 

 

148.6

 

Total Operating Expenses

 

 

1,417.7

 

 

 

78.6

 

 

 

195.0

 

 

 

(42.3

)

 

 

1,649.0

 

Operating Income (Loss)

 

$

334.3

 

 

$

9.3

 

 

$

(137.2

)

 

$

 

 

$

206.4

 

Net Economic Earnings (Loss)

 

$

213.4

 

 

$

9.1

 

 

$

(14.7

)

 

$

 

 

$

207.8

 

Capital Expenditures

 

$

547.8

 

 

$

3.6

 

 

$

87.0

 

 

$

 

 

$

638.4

 

 

 

2019

 

Gas

Utility

 

 

Gas

Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Revenues from external customers

 

$

1,859.2

 

 

$

83.7

 

 

$

9.5

 

 

$

 

 

$

1,952.4

 

Intersegment revenues

 

 

1.6

 

 

 

 

 

 

12.0

 

 

 

(13.6

)

 

 

 

Total Operating Revenues

 

 

1,860.8

 

 

 

83.7

 

 

 

21.5

 

 

 

(13.6

)

 

 

1,952.4

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

794.6

 

 

 

47.9

 

 

 

0.5

 

 

 

(2.7

)

 

 

840.3

 

Other operation and maintenance

 

 

441.7

 

 

 

11.7

 

 

 

31.6

 

 

 

(10.9

)

 

 

474.1

 

Depreciation and amortization

 

 

179.4

 

 

 

0.1

 

 

 

2.2

 

 

 

 

 

 

181.7

 

Taxes, other than income taxes

 

 

151.7

 

 

 

0.8

 

 

 

1.5

 

 

 

 

 

 

154.0

 

Total Operating Expenses

 

 

1,567.4

 

 

 

60.5

 

 

 

35.8

 

 

 

(13.6

)

 

 

1,650.1

 

Operating Income (Loss)

 

$

293.4

 

 

$

23.2

 

 

$

(14.3

)

 

$

 

 

$

302.3

 

Net Economic Earnings (Loss)

 

$

199.8

 

 

$

19.4

 

 

$

(24.1

)

 

$

 

 

$

195.1

 

Capital Expenditures

 

$

565.4

 

 

$

3.1

 

 

$

254.8

 

 

$

 

 

$

823.3

 

 

 

2018

 

Gas

Utility

 

 

Gas

Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Revenues from external customers

 

$

1,888.0

 

 

$

71.6

 

 

$

5.4

 

 

$

 

 

$

1,965.0

 

Intersegment revenues

 

 

0.4

 

 

 

 

 

 

11.1

 

 

 

(11.5

)

 

 

 

Total Operating Revenues

 

 

1,888.4

 

 

 

71.6

 

 

 

16.5

 

 

 

(11.5

)

 

 

1,965.0

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

842.6

 

 

 

30.2

 

 

 

0.3

 

 

 

(1.4

)

 

 

871.7

 

Other operation and maintenance

 

 

449.7

 

 

 

7.4

 

 

 

30.3

 

 

 

(10.1

)

 

 

477.3

 

Depreciation and amortization

 

 

167.0

 

 

 

 

 

 

1.4

 

 

 

 

 

 

168.4

 

Taxes, other than income taxes

 

 

152.5

 

 

 

0.2

 

 

 

0.8

 

 

 

 

 

 

153.5

 

Total Operating Expenses

 

 

1,611.8

 

 

 

37.8

 

 

 

32.8

 

 

 

(11.5

)

 

 

1,670.9

 

Operating Income (Loss)

 

$

276.6

 

 

$

33.8

 

 

$

(16.3

)

 

$

 

 

$

294.1

 

Net Economic Earnings (Loss)

 

$

183.1

 

 

$

22.9

 

 

$

(22.3

)

 

$

 

 

$

183.7

 

Capital Expenditures

 

$

457.7

 

 

$

 

 

$

41.7

 

 

$

 

 

$

499.4

 

 

 

Total Assets at End of Year

 

2020

 

 

2019

 

 

2018

 

Gas Utility

 

$

6,716.2

 

 

$

6,094.6

 

 

$

5,606.7

 

Gas Marketing

 

 

182.7

 

 

 

212.3

 

 

 

295.3

 

Other

 

 

2,443.5

 

 

 

2,692.7

 

 

 

2,508.0

 

Eliminations

 

 

(1,101.2

)

 

 

(1,380.4

)

 

 

(1,566.4

)

Total Assets

 

$

8,241.2

 

 

$

7,619.2

 

 

$

6,843.6

 

Schedule of Reconciliation of Consolidated Net Economic Earnings to Consolidated Net Income

 

 

Reconciliation of Consolidated Net Income

to Consolidated Net Economic Earnings

 

2020

 

 

2019

 

 

2018

 

Net Income

 

$

88.6

 

 

$

184.6

 

 

$

214.2

 

Adjustments, pre-tax:

 

 

 

 

 

 

 

 

 

 

 

 

Impairments

 

148.6

 

 

 

 

 

 

 

Provision for ISRS rulings

 

 

 

 

 

12.2

 

 

 

 

Missouri regulatory adjustments

 

 

 

 

 

 

 

 

30.6

 

Fair value and timing adjustments

 

 

2.5

 

 

 

1.2

 

 

 

(4.3

)

Acquisition, divestiture and restructuring activities

 

 

 

 

 

0.4

 

 

 

13.6

 

Income tax effect of adjustments

 

 

(31.9

)

 

 

(3.3

)

 

 

(10.3

)

Effect of the Tax Cuts and Jobs Act

 

 

 

 

 

 

 

 

(60.1

)

Net Economic Earnings

 

$

207.8

 

 

$

195.1

 

 

$

183.7