REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables)

6 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Information related to the Company's various reporting segments and other operations is detailed below:

	Three Months Ended				Six Months Ended
	March 31,				March 31,
(Thousands)	2021		2020		2021		2020
Operating revenues
Natural Gas Distribution
External customers	$	310,167	$	297,220	$	505,896	$	516,843
Clean Energy Ventures
External customers	6,476		5,995		12,846		12,207
Energy Services
External customers (1)	459,766		313,959		687,115		682,263
Intercompany	2,803		(258)		4,931		1,853
Storage and Transportation
External customers	13,257		10,401		25,704		18,806
Intercompany	669		675		1,326		1,342
Subtotal	793,138		627,992		1,237,818		1,233,314
Home Services and Other
External customers	12,521		12,039		24,931		24,531
Intercompany	252		326		419		741
Eliminations	(3,724)		(743)		(6,676)		(3,936)
Total	$	802,187	$	639,614	$	1,256,492	$	1,254,650
Depreciation and amortization
Natural Gas Distribution	$	19,475	$	18,100	$	38,644	$	34,917
Clean Energy Ventures	4,685		6,603		10,118		12,919
Energy Services (2)	13		27		55		56
Storage and Transportation	2,364		2,397		5,004		4,078
Subtotal	26,537		27,127		53,821		51,970
Home Services and Other	227		250		487		496
Eliminations	84		139		(98)		(313)
Total	$	26,848	$	27,516	$	54,210	$	52,153
Interest income (3)
Natural Gas Distribution	$	76	$	136	$	158	$	243
Clean Energy Ventures	240		—		240		—
Energy Services	—		52		—		89
Storage and Transportation	851		2,085		1,545		2,782
Subtotal	1,167		2,273		1,943		3,114
Home Services and Other	127		208		259		699
Eliminations	(237)		(760)		(476)		(1,906)
Total	$	1,057	$	1,721	$	1,726	$	1,907

(1)Includes sales to Canada for the Energy Services segment, which are immaterial.

(2)The amortization of acquired wholesale energy contracts is excluded above and is included in natural gas purchases - nonutility on the Unaudited Condensed Consolidated Statements of Operations.

(3)Included in other income, net on the Unaudited Condensed Consolidated Statements of Operations.

	Three Months Ended				Six Months Ended
	March 31,				March 31,
(Thousands)	2021		2020		2021		2020
Interest expense, net of capitalized interest
Natural Gas Distribution	$	9,006	$	7,473	$	17,980	$	15,305
Clean Energy Ventures	5,266		4,835		10,300		9,327
Energy Services	575		937		1,255		2,163
Storage and Transportation	3,578		5,621		7,560		8,443
Subtotal	18,425		18,866		37,095		35,238
Home Services and Other	1,728		565		2,844		837
Eliminations	—		(228)		—		(802)
Total	$	20,153	$	19,203	$	39,939	$	35,273
Income tax provision (benefit)
Natural Gas Distribution	$	15,622	$	19,702	$	23,989	$	28,337
Clean Energy Ventures	(2,714)		(4,134)		(5,800)		(7,968)
Energy Services	23,128		(2,449)		35,250		8,303
Storage and Transportation	873		1,105		1,519		1,807
Subtotal	36,909		14,224		54,958		30,479
Home Services and Other	(59)		1,956		59		2,175
Eliminations	2,207		104		1,481		101
Total	$	39,057	$	16,284	$	56,498	$	32,755
Equity in earnings of affiliates
Storage and Transportation	$	3,386	$	3,921	$	6,579	$	7,585
Eliminations	(582)		(332)		(1,100)		(607)
Total	$	2,804	$	3,589	$	5,479	$	6,978
Net financial earnings (loss)
Natural Gas Distribution	$	80,541	$	86,336	$	130,008	$	130,192
Clean Energy Ventures	(8,872)		(8,829)		(19,146)		(17,008)
Energy Services	96,528		2,487		98,028		(2,635)
Storage and Transportation	4,711		4,258		8,219		7,262
Subtotal	172,908		84,252		217,109		117,811
Home Services and Other	747		148		685		1,257
Eliminations	(3,051)		(109)		(2,533)		154
Total	$	170,604	$	84,291	$	215,261	$	119,222
Capital expenditures
Natural Gas Distribution	$	97,239	$	72,042	$	176,485	$	149,839
Clean Energy Ventures	18,549		24,087		40,884		69,786
Storage and Transportation	20,094		5,148		27,707		7,709
Subtotal	135,882		101,277		245,076		227,334
Home Services and Other	125		(111)		811		15
Total	$	136,007	$	101,166	$	245,887	$	227,349
Investments in equity investees
Storage and Transportation	$	196	$	757	$	482	$	1,266
Total	$	196	$	757	$	482	$	1,266

Reconciliation of Consolidated NFE to Consolidated Net Income

A reconciliation of consolidated NFE to consolidated net income is as follows:

	Three Months Ended				Six Months Ended
	March 31,				March 31,
(Thousands)	2021		2020		2021		2020
Net financial earnings	$	170,604	$	84,291	$	215,261	$	119,222
Less:
Unrealized gain on derivative instruments and related transactions	29,255		(3,773)		(8,235)		(45,539)
Tax effect	(6,954)		897		1,958		10,828
Effects of economic hedging related to natural gas inventory	(7,209)		14,622		(14,741)		5,735
Tax effect	1,713		(3,475)		3,503		(1,363)
NFE tax adjustment	3,990		2,174		1,922		(37)
Net income	$	149,809	$	73,846	$	230,854	$	149,598

Reconciliation of Assets from Segment to Consolidated

The Company's assets for the various business segments and business operations are detailed below:

(Thousands)	March 31, 2021		September 30, 2020
Assets at end of period:
Natural Gas Distribution	$	3,593,630	$	3,531,477
Clean Energy Ventures	848,290		814,277
Energy Services	224,069		244,836
Storage and Transportation	874,976		844,799
Subtotal	5,540,965		5,435,389
Home Services and Other	136,531		138,375
Intercompany assets (1)	(252,362)		(257,287)
Total	$	5,425,134	$	5,316,477

(1)Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.