XML 41 R28.htm IDEA: XBRL DOCUMENT v3.22.1
Information by Operating Segment (Tables)
6 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of Operating Segment Information

 

 

Gas Utility

 

 

Gas Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

817.4

 

 

$

59.4

 

 

$

4.1

 

 

$

 

 

$

880.9

 

Intersegment revenues

 

 

 

 

 

 

 

 

14.0

 

 

 

(14.0

)

 

 

 

Total Operating Revenues

 

 

817.4

 

 

 

59.4

 

 

 

18.1

 

 

 

(14.0

)

 

 

880.9

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

356.0

 

 

 

45.8

 

 

 

 

 

 

(9.8

)

 

 

392.0

 

Operation and maintenance

 

 

104.2

 

 

 

3.2

 

 

 

10.0

 

 

 

(4.2

)

 

 

113.2

 

Depreciation and amortization

 

 

56.5

 

 

 

0.4

 

 

 

2.0

 

 

 

 

 

 

58.9

 

Taxes, other than income taxes

 

 

70.3

 

 

 

0.4

 

 

 

0.9

 

 

 

 

 

 

71.6

 

Total Operating Expenses

 

 

587.0

 

 

 

49.8

 

 

 

12.9

 

 

 

(14.0

)

 

 

635.7

 

Operating Income

 

$

230.4

 

 

$

9.6

 

 

$

5.2

 

 

$

 

 

$

245.2

 

Net Economic Earnings (Loss)

 

$

169.2

 

 

$

14.4

 

 

$

(2.6

)

 

$

 

 

$

181.0

 

 

 

 

Gas Utility

 

 

Gas Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

1,053.0

 

 

$

47.4

 

 

$

4.5

 

 

$

 

 

$

1,104.9

 

Intersegment revenues

 

 

0.1

 

 

 

(14.0

)

 

 

11.1

 

 

 

2.8

 

 

 

 

Total Operating Revenues

 

 

1,053.1

 

 

 

33.4

 

 

 

15.6

 

 

 

2.8

 

 

 

1,104.9

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

619.2

 

 

 

(6.2

)

 

 

0.1

 

 

 

6.0

 

 

 

619.1

 

Operation and maintenance

 

 

104.0

 

 

 

7.1

 

 

 

11.1

 

 

 

(3.2

)

 

 

119.0

 

Depreciation and amortization

 

 

49.5

 

 

 

0.3

 

 

 

1.7

 

 

 

 

 

 

51.5

 

Taxes, other than income taxes

 

 

56.4

 

 

 

0.5

 

 

 

1.0

 

 

 

 

 

 

57.9

 

Total Operating Expenses

 

 

829.1

 

 

 

1.7

 

 

 

13.9

 

 

 

2.8

 

 

 

847.5

 

Operating Income

 

$

224.0

 

 

$

31.7

 

 

$

1.7

 

 

$

 

 

$

257.4

 

Net Economic Earnings (Loss)

 

$

159.7

 

 

$

39.8

 

 

$

(3.9

)

 

$

 

 

$

195.6

 

 

 

 

 

Gas Utility

 

 

Gas Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Six Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

1,320.9

 

 

$

107.3

 

 

$

8.1

 

 

$

 

 

$

1,436.3

 

Intersegment revenues

 

 

 

 

 

 

 

 

26.6

 

 

 

(26.6

)

 

 

 

Total Operating Revenues

 

 

1,320.9

 

 

 

107.3

 

 

 

34.7

 

 

 

(26.6

)

 

 

1,436.3

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

566.2

 

 

 

93.8

 

 

 

 

 

 

(18.8

)

 

 

641.2

 

Operation and maintenance

 

 

211.5

 

 

 

5.9

 

 

 

20.0

 

 

 

(7.8

)

 

 

229.6

 

Depreciation and amortization

 

 

111.1

 

 

 

0.7

 

 

 

4.0

 

 

 

 

 

 

115.8

 

Taxes, other than income taxes

 

 

107.3

 

 

 

0.4

 

 

 

1.5

 

 

 

 

 

 

109.2

 

Total Operating Expenses

 

 

996.1

 

 

 

100.8

 

 

 

25.5

 

 

 

(26.6

)

 

 

1,095.8

 

Operating Income

 

$

324.8

 

 

$

6.5

 

 

$

9.2

 

 

$

 

 

$

340.5

 

Net Economic Earnings (Loss)

 

$

236.4

 

 

$

14.9

 

 

$

(7.7

)

 

$

 

 

$

243.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas Utility

 

 

Gas Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Six Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

1,550.2

 

 

$

58.1

 

 

$

9.2

 

 

$

 

 

$

1,617.5

 

Intersegment revenues

 

 

1.1

 

 

 

0.1

 

 

 

23.1

 

 

 

(24.3

)

 

 

 

Total Operating Revenues

 

 

1,551.3

 

 

 

58.2

 

 

 

32.3

 

 

 

(24.3

)

 

 

1,617.5

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

823.5

 

 

 

(5.5

)

 

 

0.1

 

 

 

(17.8

)

 

 

800.3

 

Operation and maintenance

 

 

207.0

 

 

 

10.4

 

 

 

19.7

 

 

 

(6.5

)

 

 

230.6

 

Depreciation and amortization

 

 

98.1

 

 

 

0.6

 

 

 

3.6

 

 

 

 

 

 

102.3

 

Taxes, other than income taxes

 

 

91.9

 

 

 

0.7

 

 

 

1.4

 

 

 

 

 

 

94.0

 

Total Operating Expenses

 

 

1,220.5

 

 

 

6.2

 

 

 

24.8

 

 

 

(24.3

)

 

 

1,227.2

 

Operating Income

 

$

330.8

 

 

$

52.0

 

 

$

7.5

 

 

$

 

 

$

390.3

 

Net Economic Earnings (Loss)

 

$

236.1

 

 

$

43.1

 

 

$

(6.7

)

 

$

 

 

$

272.5

 

 

 

 

March 31,

 

 

September 30,

 

 

March 31,

 

 

 

2022

 

 

2021

 

 

2021

 

Total Assets:

 

 

 

Gas Utility

 

$

7,684.1

 

 

$

7,615.4

 

 

$

7,265.0

 

Gas Marketing

 

 

431.1

 

 

 

466.1

 

 

 

341.0

 

Other

 

 

2,543.8

 

 

 

2,351.7

 

 

 

2,513.7

 

Eliminations

 

 

(1,257.7

)

 

 

(1,076.8

)

 

 

(1,182.9

)

Total Assets

 

$

9,401.3

 

 

$

9,356.4

 

 

$

8,936.8

 

 

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

The following table reconciles the Company’s net economic earnings to net income.

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net Income

 

$

173.6

 

 

$

187.4

 

 

$

229.3

 

 

$

276.3

 

Adjustments, pre-tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Missouri regulatory adjustment

 

 

 

 

 

(9.0

)

 

 

 

 

 

(9.0

)

Fair value and timing adjustments

 

 

9.9

 

 

 

20.1

 

 

 

13.6

 

 

 

4.1

 

Income tax adjustments

 

 

(2.5

)

 

 

(2.9

)

 

 

0.7

 

 

 

1.1

 

Net Economic Earnings

 

$

181.0

 

 

$

195.6

 

 

$

243.6

 

 

$

272.5