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REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables)
 12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Business Segments and Other Operations
Information related to the Company’s various reporting segments and other operations is detailed below:
(Thousands)
Fiscal Years Ended September 30,202020192018
Operating revenues
Natural Gas Distribution
External customers$729,923 $710,793 $731,865 
Clean Energy Ventures
External customers102,617 98,099 71,375 
Energy Services
External customers (1)
1,029,303 1,734,553 2,064,477 
Intercompany1,116 8,238 48,327 
Storage and Transportation
External customers (1)
42,015 — — 
Intercompany2,713 — — 
Subtotal1,907,687 2,551,683 2,916,044 
Home Services and Other
External customers49,810 48,600 47,392 
Intercompany1,207 2,302 2,665 
Eliminations(5,036)(10,540)(50,992)
Total$1,953,668 $2,592,045 $2,915,109 
Depreciation and amortization
Natural Gas Distribution$71,883 $57,980 $53,208 
Clean Energy Ventures25,329 22,376 22,747 
Energy Services (2)
123 118 76 
Storage and Transportation9,293 6 6 
Subtotal106,628 80,480 76,037 
Home Services and Other1,032 914 780 
Eliminations(292)(285)(246)
Total$107,368 $81,109 $76,571 
Interest income (3)
Natural Gas Distribution$538 $994 $614 
Clean Energy Ventures240 — — 
Energy Services99 78 240 
Storage and Transportation3,510 4,000 3,374 
Subtotal4,387 5,072 4,228 
Home Services and Other8,633 1,942 1,476 
Eliminations(10,061)(5,391)(5,090)
Total$2,959 $1,623 $614 
(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 Consolidated Statements of Operations.
(3)Included in other income, net on the Consolidated Statements of Operations.
(Thousands)
Fiscal Years Ended September 30,202020192018
Interest expense, net of capitalized interest
Natural Gas Distribution$30,975 $26,134 $25,299 
Clean Energy Ventures20,253 14,846 18,320 
Energy Services3,276 5,205 3,945 
Storage and Transportation13,124 2,185 1,667 
Subtotal67,628 48,370 49,231 
Home Services and Other10,327 1,535 7 
Eliminations(10,358)(2,823)(2,952)
Total$67,597 $47,082 $46,286 
Income tax provision (benefit)
Natural Gas Distribution$27,021 $9,434 $(1,910)
Clean Energy Ventures11,034 7,270 (68,379)
Energy Services(3,615)(1,573)24,996 
Storage and Transportation4,247 2,254 (8,548)
Subtotal38,687 17,385 (53,841)
Home Services and Other(2,478)1,428 11,944 
Eliminations285 (373)(335)
Total$36,494 $18,440 $(42,232)
Equity in earnings of affiliates
Storage and Transportation$15,903 $15,832 $16,165 
Eliminations(1,592)(2,204)(3,157)
Total$14,311 $13,628 $13,008 
Net financial earnings (loss)
Natural Gas Distribution$126,902 $78,062 $84,048 
Clean Energy Ventures22,111 31,903 73,426 
Energy Services(7,873)2,918 60,378 
Storage and Transportation18,311 14,689 24,367 
Subtotal159,451 127,572 242,219 
Home Services and Other5,784 1,911 (3,829)
Eliminations98 (93)(327)
Total$165,333 $129,390 $238,063 
Capital expenditures
Natural Gas Distribution$290,040 $345,004 $254,523 
Clean Energy Ventures133,841 157,828 123,421 
Storage and Transportation20,998 20,616 5,431 
Subtotal444,879 523,448 383,375 
Home Services and Other3,230 2,484 1,213 
Total$448,109 $525,932 $384,588 
Investments in equity investees
Storage and Transportation$2,117 $4,102 $16,151 
Total$2,117 $4,102 $16,151 
Reconciliation of Consolidated NFE to Consolidated Net Income A reconciliation of consolidated NFE to consolidated net income is as follows:
(Thousands)202020192018
Consolidated net financial earnings$165,333 $129,390 $238,063 
Less:
Unrealized (gain) loss on derivative instruments and related transactions(9,644)2,881 26,770 
Tax effect2,296 (711)(4,512)
Effects of economic hedging related to natural gas inventory12,690 4,309 (22,570)
Tax effect(3,016)(1,024)7,362 
Consolidated net income$163,007 $123,935 $231,013 
Schedule of Assets for Business Segments and Business Operations
The Company’s assets for the various reporting segments and business operations are detailed below:
(Thousands)202020192018
Assets at end of period:
Natural Gas Distribution$3,531,477 $3,064,309 $2,663,054 
Clean Energy Ventures (1)
814,277 694,439 740,704 
Energy Services244,836 290,847 396,852 
Storage and Transportation844,799 240,955 242,069 
Subtotal5,435,389 4,290,550 4,042,679 
Home Services and Other138,375 104,411 114,732 
Intercompany assets (2)
(257,287)(237,019)(171,107)
Total$5,316,477 $4,157,942 $3,986,304 
(1)Includes assets held for sale of $206.9 million for September 30, 2018.
(2)Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.