XML 73 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
OPERATING REVENUES        
Utility $ 138,149 $ 105,130 $ 862,073 $ 794,311
Nonutility 510,020 374,764 1,476,235 1,213,475
Total operating revenues 648,169 479,894 2,338,308 2,007,786
OPERATING EXPENSES        
Gas Purchases - Utility 74,385 47,665 469,835 478,719
Gas Purchases - Nonutility 482,735 393,126 1,460,600 1,114,842
Operation and maintenance 38,811 37,077 114,123 110,386
Regulatory rider expenses 6,518 6,160 47,520 41,017
Depreciation and amortization 8,514 8,136 25,445 23,936
Energy and other taxes 10,024 6,516 60,138 50,275
Total operating expenses 620,987 498,680 2,177,661 1,819,175
OPERATING INCOME (LOSS) 27,182 (18,786) 160,647 188,611
Other income 1,176 1,311 2,426 3,458
Interest expense, net of capitalized interest 4,744 5,238 15,085 15,946
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES 23,614 (22,713) 147,988 176,123
Income tax provision (benefit) 6,197 (10,555) 48,662 68,066
Equity in earnings of affiliates 2,957 1,981 9,484 7,885
NET INCOME (LOSS) $ 20,374 $ (10,177) $ 108,810 $ 115,942
EARNINGS (LOSS) PER COMMON SHARE        
BASIC $ 0.49 $ (0.25) $ 2.63 $ 2.8
DILUTED $ 0.49 [1] $ (0.25) [1] $ 2.62 [1] $ 2.78 [1]
DIVIDENDS PER COMMON SHARE $ 0.36 $ 0.34 $ 1.08 $ 1.02
WEIGHTED AVERAGE SHARES OUTSTANDING        
BASIC 41,381 41,239 41,338 41,424
DILUTED 41,597 41,239 41,551 41,703
[1] There were no anti-dilutive shares excluded from the calculation of diluted earnings per share for the three months ended June 30, 2011 and nine months ended June 30, 2011, and 2010. Since there was a net loss for the three months ended June 30, 2010, incremental shares were not included in the computation of diluted loss per common share, as their effect would have been anti-dilutive.