CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
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Mar. 31, 2016 |
Mar. 31, 2015 |
Mar. 31, 2016 |
Mar. 31, 2015 |
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OPERATING REVENUES | ||||||||
Utility | $ 242,536 | $ 374,703 | $ 394,142 | $ 583,430 | ||||
Nonutility | 331,657 | 638,387 | 624,309 | 1,253,784 | ||||
Total operating revenues | 574,193 | 1,013,090 | 1,018,451 | 1,837,214 | ||||
OPERATING EXPENSES | ||||||||
Gas Purchases - Utility | 82,374 | 129,281 | 129,039 | 213,544 | ||||
Gas Purchases - Nonutility | 287,883 | 662,573 | 541,971 | 1,135,544 | ||||
Gas Purchases - Related parties | 2,077 | 3,124 | 4,151 | 6,388 | ||||
Operation and maintenance | 53,125 | 52,778 | 99,358 | 97,537 | ||||
Regulatory rider expenses | 21,215 | 42,692 | 30,843 | 64,155 | ||||
Depreciation and amortization | 17,744 | 15,204 | 34,226 | 29,590 | ||||
Energy and other taxes | 15,842 | 24,632 | 25,479 | 38,953 | ||||
Total operating expenses | 480,260 | 930,284 | 865,067 | 1,585,711 | ||||
OPERATING INCOME | 93,933 | 82,806 | 153,384 | 251,503 | ||||
Other income, net | 2,202 | 1,137 | 4,126 | 1,027 | ||||
Interest expense, net of capitalized interest | 7,369 | 6,483 | 14,146 | 13,678 | ||||
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 88,766 | 77,460 | 143,364 | 238,852 | ||||
Income tax provision | 17,840 | 20,144 | 26,197 | 61,011 | ||||
Equity in earnings of affiliates | 2,402 | 3,587 | 4,808 | 6,382 | ||||
NET INCOME | $ 73,328 | $ 60,903 | $ 121,975 | $ 184,223 | ||||
EARNINGS PER COMMON SHARE | ||||||||
Basic (usd per share) | $ 0.85 | $ 0.71 | $ 1.42 | $ 2.17 | ||||
Diluted (usd per share) | 0.84 | 0.71 | 1.41 | [1] | 2.14 | [1] | ||
DIVIDENDS DECLARED PER COMMON SHARE (usd per share) | $ 0.24 | $ 0.23 | $ 0.48 | $ 0.45 | ||||
WEIGHTED AVERAGE SHARES OUTSTANDING | ||||||||
Basic (in shares) | 85,834 | 85,328 | 85,754 | 84,940 | ||||
Diluted (in shares) | 86,858 | 86,370 | 86,778 | 85,982 | ||||
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs incurred and are directly related to energy commodities and services provided during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cost of natural gas purchased and associated transportation and storage costs during the period. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of excise and sales taxes included in sales and revenues, which are then deducted as a cost of sales. Includes excise taxes, which are applied to specific types of transactions or items (such as gasoline or alcohol); and sales, use and value added taxes, which are applied to a broad class of revenue-producing transactions involving a wide range of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total amount of operating revenues recognized during the period. No definition available.
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- References No definition available.
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- Definition The amount of regulated gas operating revenues recognized during the period. No definition available.
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- Definition Amount included in cost of sales related to transactions with related parties incurred and recorded in the statement of operations for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of unregulated operating revenues recognized during the period. No definition available.
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- Definition Amount of other operating expense of regulated operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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