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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
OPERATING REVENUES        
Utility $ 297,220 $ 301,420 $ 516,843 $ 501,385
Nonutility 342,394 564,835 737,807 1,176,637
Total operating revenues 639,614 866,255 1,254,650 1,678,022
Gas purchases:        
Gas purchases - Related parties 1,506 2,144 3,030 4,329
Operation and maintenance 66,832 66,023 130,177 129,366
Regulatory rider expenses 15,330 15,391 27,072 28,023
Depreciation and amortization 30,784 22,311 58,542 44,143
Total operating expenses 544,399 789,254 1,057,938 1,512,278
OPERATING INCOME 95,215 77,001 196,712 165,744
Other income, net 7,261 2,758 7,547 3,627
Interest expense, net of capitalized interest 19,203 12,509 35,273 25,995
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES 83,273 67,250 168,986 143,376
Income tax benefit (1,643) (2,952) (1,902) (9,913)
Equity in earnings of affiliates 3,589 3,371 6,978 6,532
NET INCOME $ 88,505 $ 73,573 $ 177,866 $ 159,821
EARNINGS PER COMMON SHARE        
Basic (usd per share) $ 0.93 $ 0.83 $ 1.90 $ 1.80
Diluted (usd per share) $ 0.92 $ 0.82 $ 1.89 $ 1.79
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 95,584 88,836 93,747 88,692
Diluted (in shares) 95,890 89,228 94,073 89,093
Regulated        
Gas purchases:        
Gas purchases - Utility and Nonutility $ 111,563 $ 138,117 $ 203,377 $ 225,766
Unregulated        
Gas purchases:        
Gas purchases - Utility and Nonutility $ 318,384 $ 545,268 $ 635,740 $ 1,080,651