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REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables)
 12 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information related to the Company’s various reporting segments and other business operations is detailed below:

(Thousands)
Fiscal Years Ended September 30,202220212020
Operating revenues
Natural Gas Distribution
External customers$1,127,417 $731,796 $729,923 
Intercompany1,350 — — 
Clean Energy Ventures
External customers128,280 95,275 102,617 
Energy Services
External customers (1)
1,529,178 1,228,846 1,029,303 
Intercompany94 (426)1,116 
Storage and Transportation
External customers65,286 49,252 42,015 
Intercompany2,449 1,768 2,713 
Subtotal2,854,054 2,106,511 1,907,687 
Home Services and Other
External customers55,818 51,444 49,810 
Intercompany364 785 1,207 
Eliminations(4,257)(2,127)(5,036)
Total$2,905,979 $2,156,613 $1,953,668 
Depreciation and amortization
Natural Gas Distribution$94,579 $80,045 $71,883 
Clean Energy Ventures21,396 20,567 25,329 
Energy Services (2)
148 111 123 
Storage and Transportation12,302 9,960 9,293 
Subtotal128,425 110,683 106,628 
Home Services and Other824 980 1,032 
Eliminations— (276)(292)
Total$129,249 $111,387 $107,368 
Interest income (3)
Natural Gas Distribution$895 $85 $538 
Clean Energy Ventures— 241 240 
Energy Services16 11 99 
Storage and Transportation2,110 2,243 3,510 
Subtotal3,021 2,580 4,387 
Home Services and Other944 522 8,633 
Eliminations(1,249)(935)(10,061)
Total$2,716 $2,167 $2,959 
(1)Includes sales to Canada for Energy Services, which are $2.4 million, $75,000 and $584,000 in the fiscal years ended September 30, 2022, 2021 and 2020, respectively.
(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 30,202220212020
Interest expense, net of capitalized interest
Natural Gas Distribution$46,394 $36,405 $30,975 
Clean Energy Ventures21,968 22,548 20,253 
Energy Services4,725 2,204 3,276 
Storage and Transportation12,097 13,348 13,124 
Subtotal85,184 74,505 67,628 
Home Services and Other646 4,054 10,327 
Eliminations— — (10,358)
Total$85,830 $78,559 $67,597 
Income tax provision (benefit)
Natural Gas Distribution$40,141 $19,054 $27,021 
Clean Energy Ventures11,361 5,048 11,034 
Energy Services21,776 18,371 (3,615)
Storage and Transportation1,879 (10,043)4,247 
Subtotal75,157 32,430 38,687 
Home Services and Other1,059 (196)(2,478)
Eliminations(21)1,052 285 
Total$76,195 $33,286 $36,494 
Equity in earnings (loss) of affiliates
Storage and Transportation$9,865 $(81,072)$15,903 
Eliminations(1,688)(2,140)(1,592)
Total$8,177 $(83,212)$14,311 
Net financial earnings (loss)
Natural Gas Distribution$140,124 $107,375 $126,902 
Clean Energy Ventures39,403 16,789 22,111 
Energy Services39,121 71,117 (7,873)
Storage and Transportation22,454 13,046 18,311 
Subtotal241,102 208,327 159,451 
Home Services and Other(781)(826)5,784 
Eliminations— 211 98 
Total$240,321 $207,712 $165,333 
Capital expenditures
Natural Gas Distribution$298,374 $426,628 $290,040 
Clean Energy Ventures146,676 87,852 133,841 
Storage and Transportation151,988 107,500 20,998 
Subtotal597,038 621,980 444,879 
Home Services and Other1,390 2,630 3,230 
Total$598,428 $624,610 $448,109 
(Return of capital from) investments in equity investees
Storage and Transportation$(5,479)$690 $2,117 
Total$(5,479)$690 $2,117 
Schedule of Assets for Business Segments and Other Business Operations
The Company’s assets for the various reporting segments and other business operations are detailed below:
(Thousands)202220212020
Assets at end of period:
Natural Gas Distribution$4,030,686 $3,707,461 $3,531,477 
Clean Energy Ventures1,015,065 914,788 814,277 
Energy Services333,064 365,423 244,836 
Storage and Transportation999,520 862,407 844,799 
Subtotal6,378,335 5,850,079 5,435,389 
Home Services and Other159,068 162,134 138,375 
Intercompany assets (1)
(275,987)(289,935)(257,287)
Total$6,261,416 $5,722,278 $5,316,477 
(1)Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.
Reconciliation of Consolidated NFE to Consolidated Net Income A reconciliation of consolidated NFE to consolidated net income is as follows:
(Thousands)202220212020
Net financial earnings$240,321 $207,712 $165,333 
Less:
Unrealized (gain) loss on derivative instruments and related transactions(59,906)54,203 (9,644)
Tax effect14,248 (12,887)2,296 
Effects of economic hedging related to natural gas inventory19,939 (42,405)12,690 
Tax effect(4,738)10,078 (3,016)
(Gain on) impairment of equity method investment(5,521)92,000 — 
Tax effect1,377 (11,167)— 
Net income$274,922 $117,890 $163,007