Business Segment Information

6 Months Ended

Mar. 31, 2019

The Company reports financial results for five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility 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 2018 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 2018 Form 10-K. A listing of segment assets at March 31, 2019 and September 30, 2018 is shown in the tables below.



Quarter Ended March 31, 2019 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$146,102	$48,421	$2	$298,636	$59,018	$552,179	$310	$55	$552,544
Intersegment Revenues	$—	$23,918	$29,366	$4,394	$43	$57,721	$—	$(57,721)	$—
Segment Profit: Net Income (Loss)	$21,873	$17,749	$12,690	$35,589	$544	$88,445	$(128)	$2,278	$90,595



Six Months Ended March 31, 2019 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$308,978	$102,639	$2	$518,647	$111,100	$1,041,366	$1,316	$109	$1,042,791
Intersegment Revenues	$—	$46,769	$59,056	$7,040	$375	$113,240	$—	$(113,240)	$—
Segment Profit: Net Income	$60,087	$42,851	$26,872	$61,237	$243	$191,290	$256	$1,710	$193,256



(Thousands)	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Segment Assets:
At March 31, 2019	$1,777,770	$1,861,900	$554,491	$2,013,937	$53,898	$6,261,996	$78,398	$(61,419)	$6,278,975
At September 30, 2018	$1,568,563	$1,848,180	$533,608	$1,921,971	$50,971	$5,923,293	$78,109	$35,084	$6,036,486



Quarter Ended March 31, 2018 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$146,411	$53,714	$(99)	$283,778	$55,644	$539,448	$1,232	$225	$540,905
Intersegment Revenues	$—	$23,044	$27,832	$5,700	$(51)	$56,525	$—	$(56,525)	$—
Segment Profit: Net Income (Loss)	$26,537	$22,724	$11,770	$33,360	$578	$94,969	$207	$(3,329)	$91,847



Six Months Ended March 31, 2018 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$285,552	$107,025	$71	$470,867	$94,280	$957,795	$2,328	$438	$960,561
Intersegment Revenues	$—	$45,028	$51,497	$7,882	$76	$104,483	$—	$(104,483)	$—
Segment Profit: Net Income (Loss)	$133,235	$61,186	$57,169	$54,353	$1,624	$307,567	$(511)	$(16,555)	$290,501