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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
OPERATING REVENUES        
Utility $ 310,167 $ 297,220 $ 505,896 $ 516,843
Nonutility 492,020 342,394 750,596 737,807
Total operating revenues 802,187 639,614 1,256,492 1,254,650
Natural gas purchases:        
Gas purchases - Related parties 1,730 1,506 3,464 3,030
Operation and maintenance 110,265 66,832 183,901 130,177
Regulatory rider expenses 18,413 15,330 29,114 27,072
Depreciation and amortization 26,848 27,516 54,210 52,153
Total operating expenses 600,979 541,131 943,804 1,051,549
OPERATING INCOME 201,208 98,483 312,688 203,101
Other income, net 5,007 7,261 9,124 7,547
Interest expense, net of capitalized interest 20,153 19,203 39,939 35,273
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES 186,062 86,541 281,873 175,375
Income tax provision 39,057 16,284 56,498 32,755
Equity in earnings of affiliates 2,804 3,589 5,479 6,978
NET INCOME $ 149,809 $ 73,846 $ 230,854 $ 149,598
EARNINGS PER COMMON SHARE        
Basic (usd per share) $ 1.56 $ 0.78 $ 2.40 $ 1.60
Diluted (usd per share) $ 1.55 $ 0.77 $ 2.39 $ 1.59
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 96,248 95,584 96,181 93,747
Diluted (in shares) 96,618 95,890 96,598 94,073
Regulated        
Natural gas purchases:        
Gas purchases - Utility and Nonutility $ 113,235 $ 111,563 $ 169,380 $ 203,377
Unregulated        
Natural gas purchases:        
Gas purchases - Utility and Nonutility $ 330,488 $ 318,384 $ 503,735 $ 635,740