Business Segment Information

6 Months Ended

Mar. 31, 2013

Business Segment Information [Abstract]

Business Segment Information

Note 7 – Business Segment Information

The Company reports financial results for four segments: Utility, Pipeline and Storage, Exploration and Production, and Energy Marketing.  The division of the Company’s operations into reportable segments is based upon a combination of factors including differences in products and services, regulatory environment and geographic factors.

The data presented in the tables below reflect financial information for the segments and reconciliations to consolidated amounts.  As stated in the 2012 Form 10-K, the Company evaluates segment performance based on income before discontinued operations, extraordinary items and cumulative effects of changes in accounting (when applicable).  When these items are not applicable, the Company evaluates performance based on net income.  There have not been any changes in the basis of segmentation nor in the basis of measuring segment profit or loss from those used in the Company’s 2012 Form 10-K.  As for segment assets, the significant changes from the segment assets disclosed in the 2012 Form 10-K involve the Exploration and Production, Utility, and Pipeline and Storage segments as well as the All Other category.  Total Exploration and Production segment assets, Utility segment assets and Pipeline and Storage segment assets have increased by $153.6 million, $49.4 million, and $20.5 million, respectively, during the six months ended March 31, 2013. The All Other category assets and the Corporate and Intersegment Eliminations assets have increased by $48.0 million and $59.5 million, respectively,  during the six months ended March 31, 2013.  

Quarter Ended March 31, 2013 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	303,389	$	46,383	$	168,080	$	78,989	$	596,841	$	761	$	224	$	597,826
Intersegment Revenues	$	6,396	$	23,712	$	-	$	208	$	30,316	$	7,898	$	(38,214)	$	-
Segment Profit:
Net Income (Loss)	$	34,516	$	16,796	$	27,711	$	4,283	$	83,306	$	3,064	$	(650)	$	85,720

Six Months Ended March 31, 2013 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	511,953	$	89,842	$	323,529	$	123,154	$	1,048,478	$	1,778	$	424	$	1,050,680
Intersegment Revenues	$	10,707	$	46,509	$	-	$	634	$	57,850	$	13,377	$	(71,227)	$	-
Segment Profit:
Net Income (Loss)	$	57,394	$	33,728	$	54,391	$	4,778	$	150,291	$	4,950	$	(1,577)	$	153,664

Quarter Ended  March 31, 2012 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	296,786	$	42,120	$	136,926	$	75,223	$	551,055	$	1,023	$	231	$	552,309
Intersegment Revenues	$	5,551	$	21,294	$	-	$	269	$	27,114	$	3,159	$	(30,273)	$	-
Segment Profit:
Net Income (Loss)	$	28,275	$	12,841	$	22,192	$	3,310	$	66,618	$	1,339	$	(565)	$	67,392

Six Months Ended  March 31, 2012 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	505,596	$	77,345	$	272,899	$	126,445	$	982,285	$	1,960	$	487	$	984,732
Intersegment Revenues	$	9,940	$	42,359	$	-	$	556	$	52,855	$	6,520	$	(59,375)	$	-
Segment Profit:
Net Income (Loss)	$	47,628	$	22,801	$	52,507	$	3,739	$	126,675	$	2,743	$	(1,327)	$	128,091