XML 21 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
OPERATING REVENUES        
Utility $ 301,420 $ 317,064 $ 501,385 $ 526,851
Nonutility 564,835 701,979 1,176,637 1,197,497
Total operating revenues 866,255 1,019,043 1,678,022 1,724,348
Gas purchases:        
Gas purchases - Utility 138,117 96,586 225,766 174,188
Gas purchases - Nonutility 545,268 621,223 1,080,651 1,066,307
Gas purchases - Related parties 2,144 2,087 4,329 4,236
Operation and maintenance 62,959 56,797 123,061 110,957
Regulatory rider expenses 15,391 19,604 28,023 31,373
Depreciation and amortization 22,311 22,460 44,143 44,314
Energy and other taxes 3,064 21,542 6,305 38,033
Total operating expenses 789,254 840,299 1,512,278 1,469,408
OPERATING INCOME 77,001 178,744 165,744 254,940
Other income, net 2,758 1,028 3,627 7,004
Interest expense, net of capitalized interest 12,509 11,798 25,995 23,703
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES 67,250 167,974 143,376 238,241
Income tax (benefit) provision (2,952) 30,901 (9,913) (19,267)
Equity in earnings of affiliates 3,371 3,193 6,532 6,457
NET INCOME [1] $ 73,573 $ 140,266 $ 159,821 $ 263,965
EARNINGS PER COMMON SHARE        
Basic (usd per share) $ 0.83 $ 1.60 $ 1.80 $ 3.02
Diluted (usd per share) [2] $ 0.82 $ 1.59 $ 1.79 $ 3.01
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 88,836 87,595 88,692 87,295
Diluted (in shares) 89,228 87,989 89,093 87,690
[1] Includes income tax benefit related to the Tax Act of $967,000 and $58.5 million, for the three and six months ended March 31, 2018, respectively.
[2] There were no anti-dilutive shares excluded from the calculation of diluted earnings per share during fiscal 2019 and 2018.