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STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Gross Margin        
Revenues $ 225,226 $ 241,522 $ 1,158,543 $ 1,304,538
Cost of natural gas 54,724 75,070 548,226 701,757
Net margin 170,502 166,452 610,317 602,781
Operating expenses        
Operations and maintenance 98,698 101,829 304,681 309,154
Depreciation and amortization 33,956 31,217 98,592 93,995
General taxes 12,897 14,287 41,818 44,348
Total operating expenses 145,551 147,333 445,091 447,497
Operating income 24,951 19,119 165,226 155,284
Other income 166 8 1,051 1,005
Other expense (1,884) (652) (2,840) (1,829)
Interest expense, net (11,233) (11,160) (33,592) (35,886)
Income before income taxes 12,000 7,315 129,845 118,574
Income taxes (4,629) (2,662) (50,017) (45,391)
Net income $ 7,371 $ 4,653 $ 79,828 $ 73,183
Earnings per share        
Basic $ 0.14 $ 0.09 $ 1.52 $ 1.40
Diluted $ 0.14 $ 0.09 $ 1.50 $ 1.38
Average shares (thousands)        
Basic 52,408 52,361 52,627 52,353
Diluted 53,072 53,014 53,315 52,848
Dividends declared per share of stock $ 0.30 $ 0.28 $ 0.90 $ 0.56