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Business Segment Information
 6 Months Ended
Mar. 31, 2012
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 2011 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 been no changes in the basis of segmentation nor in the basis of measuring segment profit or loss from those used in the Company’s 2011 Form 10-K.  As for segment assets, the only significant changes from the segment assets disclosed in the 2011 Form 10-K involve the Exploration and Production segment and Utility segment as well as Corporate and Intersegment Eliminations.  Total Exploration and Production segment assets and Utility segment assets have increased by $387.3 million and $64.2 million, respectively, during the six months ended March 31, 2012. Corporate and Intersegment Eliminations assets have increased by $90.6 million, during the six months ended March 31, 2012.

 

 

 

 

 

 

 

 

 

 

Quarter Ended March 31, 2012 (Thousands)

 

 

 

 

 

 

 

 

Utility

 

Pipeline and

Storage

Exploration

and

Production

 

Energy Marketing

Total Reportable Segments

 

 

All Other

Corporate and Intersegment Eliminations

 

Total 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)

 

 

 

 

 

 

 

 

Utility

 

Pipeline and Storage

Exploration

and

Production

 

Energy Marketing

Total Reportable Segments

 

 

All Other

Corporate and Intersegment Eliminations

 

Total 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended March 31, 2011 (Thousands)

 

 

 

 

 

 

 

 

Utility

 

Pipeline and

Storage

Exploration

and

Production

 

Energy Marketing

Total Reportable Segments

 

 

All Other

Corporate and Intersegment Eliminations

 

Total Consolidated

 

Revenue from External Customers

 

 

$361,745

 

 

$39,669

 

 

$137,430

 

 

$121,321

 

 

$660,165

 

 

$        472

 

 

$       244

 

 

$  660,881

 

Intersegment Revenues

 

$    6,635

 

$20,632

 

  $            -            

 

$            -

 

$  27,267

 

 $    2,538

 

$ (29,805)

 

$              -                         

 

Segment Profit:

Net Income (Loss)

 

 

$  33,081

 

 

$10,955

 

 

$  33,299

 

 

$    6,299

 

 

 $  83,634

 

 

$ 32,181

 

 

   $     (204)

 

 

    $ 115,611

 

 

Six Months Ended March 31, 2011 (Thousands)

 

 

 

 

 

 

 

 

Utility

 

Pipeline and Storage

Exploration

and

Production

 

Energy Marketing

Total Reportable Segments

 

 

All Other

Corporate and Intersegment Eliminations

 

Total Consolidated

 

Revenue from External Customers

 

 

$ 604,587

 

 

$73,182

 

 

$ 257,598

 

 

$ 174,973

 

 

$1,110,340

 

 

$1,021

 

 

$      468

 

 

$ 1,111,829

 

Intersegment Revenues

 

$   11,205

 

$40,514

 

$            -

 

$            -

 

$     51,719

 

$ 4,216

 

$(55,935)

 

$               -

 

Segment Profit:

Net Income (Loss)

 

 

$   56,071

 

      

   $19,533

 

 

$  60,672

 

 

$    7,231

 

 

$   143,507

 

 

$ 31,606

 

 

       $      (959)

 

 

$    174,154