Segment Information

9 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

We have determined that we have two reportable segments: (1) Gas Utility and (2) Electric Utility. Gas Utility revenues are derived principally from the sale and distribution of natural gas to customers in eastern, northeastern and central Pennsylvania. Electric Utility derives its revenues principally from the sale and distribution of electricity in two northeastern Pennsylvania counties. The HVAC Business does not meet the quantitative thresholds for separate segment reporting under GAAP relating to business segment reporting and has been included in “Other.”

The accounting policies of our reportable segments are the same as those described in Note 2 of the Company’s 2012 Annual Financial Statements and Notes. We evaluate the performance of our Gas Utility and Electric Utility segments principally based upon their income before income taxes.

No single customer represents more than ten percent of our consolidated revenues and there are no significant intersegment transactions. In addition, all of our reportable segments’ revenues are derived from sources within the United States and all of our reportable segments’ long-lived assets are located in the United States.

Financial information by business segment follows:

Three Months Ended June 30, 2013:

			Reportable Segments
	Total		Gas Utility		Electric Utility		Other
Revenues	$	148,798	$	126,725	$	21,535	$	538
Cost of sales	$	64,332	$	52,365	$	11,967	$	—
Depreciation and amortization	$	14,033	$	13,012	$	1,021	$	—
Operating income	$	18,878	$	16,054	$	2,584	$	240
Interest expense	$	9,690	$	9,172	$	518	$	—
Income before income taxes	$	9,188	$	6,882	$	2,066	$	240
Total assets (at period end)	$	2,328,056	$	2,164,435	$	163,621	$	—
Goodwill (at period end)	$	182,145	$	182,145	$	—	$	—
Capital expenditures	$	38,961	$	37,224	$	1,737	$	—

Three Months Ended June 30, 2012:

			Reportable Segments
	Total		Gas Utility		Electric Utility		Other
Revenues	$	143,644	$	122,273	$	20,779	$	592
Cost of sales	$	62,701	$	51,401	$	11,300	$	—
Depreciation and amortization	$	13,251	$	12,332	$	919	$	—
Operating income	$	25,300	$	22,535	$	2,554	$	211
Interest expense	$	10,575	$	9,965	$	610	$	—
Income before income taxes	$	14,725	$	12,570	$	1,944	$	211
Total assets (at period end)	$	2,185,845	$	2,027,023	$	158,822	$	—
Goodwill (at period end)	$	182,145	$	182,145	$	—	$	—
Capital expenditures	$	29,914	$	29,004	$	910	$	—

Nine Months Ended June 30, 2013:

			Reportable Segments
	Total		Gas Utility		Electric Utility		Other
Revenues	$	818,496	$	743,614	$	73,604	$	1,278
Cost of sales	$	415,394	$	372,681	$	42,713	$	—
Depreciation and amortization	$	41,316	$	38,348	$	2,968	$	—
Operating income	$	200,672	$	191,592	$	8,597	$	483
Interest expense	$	29,587	$	28,071	$	1,516	$	—
Income before income taxes	$	171,085	$	163,521	$	7,081	$	483
Total assets (at period end)	$	2,328,056	$	2,164,435	$	163,621	$	—
Goodwill (at period end)	$	182,145	$	182,145	$	—	$	—
Capital expenditures	$	94,480	$	90,173	$	4,307	$	—

Nine Months Ended June 30, 2012:

			Reportable Segments
	Total		Gas Utility		Electric Utility		Other
Revenues	$	770,087	$	696,814	$	71,888	$	1,385
Cost of sales	$	412,377	$	370,572	$	41,805	$	—
Depreciation and amortization	$	39,424	$	36,635	$	2,789	$	—
Operating income	$	178,352	$	168,735	$	9,147	$	470
Interest expense	$	31,859	$	30,148	$	1,711	$	—
Income before income taxes	$	146,493	$	138,587	$	7,436	$	470
Total assets (at period end)	$	2,185,845	$	2,027,023	$	158,822	$	—
Goodwill (at period end)	$	182,145	$	182,145	$	—	$	—
Capital expenditures	$	79,698	$	76,470	$	3,228	$	—