XML 17 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
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
[1] There were no anti-dilutive shares excluded from the calculation of diluted earnings per share for the three and six months ended March 31, 2016 and 2015.