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Information by Operating Segment (Tables)
3 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Operating Segment Information

 

 

Gas Utility

 

 

Gas Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Three Months Ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

503.5

 

 

$

47.9

 

 

$

4.0

 

 

$

 

 

$

555.4

 

Intersegment revenues

 

 

 

 

 

 

 

 

12.6

 

 

 

(12.6

)

 

 

 

Total Operating Revenues

 

 

503.5

 

 

 

47.9

 

 

 

16.6

 

 

 

(12.6

)

 

 

555.4

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

210.2

 

 

 

48.0

 

 

 

 

 

 

(9.0

)

 

 

249.2

 

Operation and maintenance

 

 

107.3

 

 

 

2.7

 

 

 

10.0

 

 

 

(3.6

)

 

 

116.4

 

Depreciation and amortization

 

 

54.6

 

 

 

0.3

 

 

 

2.0

 

 

 

 

 

 

56.9

 

Taxes, other than income taxes

 

 

37.0

 

 

 

 

 

 

0.6

 

 

 

 

 

 

37.6

 

Total Operating Expenses

 

 

409.1

 

 

 

51.0

 

 

 

12.6

 

 

 

(12.6

)

 

 

460.1

 

Operating Income (Loss)

 

$

94.4

 

 

$

(3.1

)

 

$

4.0

 

 

$

 

 

$

95.3

 

Net Economic Earnings (Loss)

 

$

67.2

 

 

$

0.5

 

 

$

(5.1

)

 

$

 

 

$

62.6

 

 

 

 

 

Gas Utility

 

 

Gas Marketing

 

 

Other

 

 

Eliminations

 

 

Consolidated

 

Three Months Ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

497.2

 

 

$

10.7

 

 

$

4.7

 

 

$

 

 

$

512.6

 

Intersegment revenues

 

 

1.0

 

 

 

14.1

 

 

 

12.0

 

 

 

(27.1

)

 

 

 

Total Operating Revenues

 

 

498.2

 

 

 

24.8

 

 

 

16.7

 

 

 

(27.1

)

 

 

512.6

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural gas

 

 

204.3

 

 

 

0.7

 

 

 

 

 

 

(23.8

)

 

 

181.2

 

Operation and maintenance

 

 

103.0

 

 

 

3.3

 

 

 

8.6

 

 

 

(3.3

)

 

 

111.6

 

Depreciation and amortization

 

 

48.6

 

 

 

0.3

 

 

 

1.9

 

 

 

 

 

 

50.8

 

Taxes, other than income taxes

 

 

35.5

 

 

 

0.2

 

 

 

0.4

 

 

 

 

 

 

36.1

 

Total Operating Expenses

 

 

391.4

 

 

 

4.5

 

 

 

10.9

 

 

 

(27.1

)

 

 

379.7

 

Operating Income

 

$

106.8

 

 

$

20.3

 

 

$

5.8

 

 

$

 

 

$

132.9

 

Net Economic Earnings (Loss)

 

$

76.4

 

 

$

3.3

 

 

$

(2.8

)

 

$

 

 

$

76.9

 

 

 

 

December 31,

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2021

 

 

2020

 

Total Assets:

 

 

 

Gas Utility

 

$

7,882.1

 

 

$

7,615.4

 

 

$

6,932.3

 

Gas Marketing

 

 

424.4

 

 

 

466.1

 

 

 

204.8

 

Other

 

 

2,417.6

 

 

 

2,351.7

 

 

 

2,462.3

 

Eliminations

 

 

(1,073.6

)

 

 

(1,076.8

)

 

 

(1,083.8

)

Total Assets

 

$

9,650.5

 

 

$

9,356.4

 

 

$

8,515.6

 

 

Schedule of Reconciliation of Consolidated Net Economic Earnings to Consolidated Net Income

The following table reconciles the Company’s net economic earnings to net income.

 

 

Three Months Ended

December 31,

 

 

 

2021

 

 

2020

 

Net Income

 

$

55.7

 

 

$

88.9

 

Adjustments, pre-tax:

 

 

 

 

 

 

 

 

Fair value and timing adjustments

 

 

3.7

 

 

 

(16.0

)

Income tax adjustments

 

 

3.2

 

 

 

4.0

 

Net Economic Earnings

 

$

62.6

 

 

$

76.9