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STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Gross Margin        
Revenues $ 232,191 $ 225,226 $ 986,479 $ 1,158,543
Cost of natural gas 52,253 54,724 344,439 548,226
Net margin 179,938 170,502 642,040 610,317
Operating expenses        
Operations and maintenance 99,402 98,698 302,652 304,681
Depreciation and amortization 36,241 33,956 106,490 98,592
General taxes 13,403 12,897 42,311 41,818
Total operating expenses 149,046 145,551 451,453 445,091
Operating income 30,892 24,951 190,587 165,226
Other income 911 166 1,345 1,051
Other expense (357) (1,884) (1,126) (2,840)
Interest expense, net (10,809) (11,233) (32,504) (33,592)
Income before income taxes 20,637 12,000 158,302 129,845
Income taxes (7,900) (4,629) (60,521) (50,017)
Net income $ 12,737 $ 7,371 $ 97,781 $ 79,828
Earnings per share        
Basic $ 0.24 $ 0.14 $ 1.86 $ 1.52
Diluted $ 0.24 $ 0.14 $ 1.85 $ 1.50
Average shares (thousands)        
Basic 52,453 52,408 52,452 52,627
Diluted 52,942 53,072 52,962 53,315
Dividends declared per share of stock $ 0.35 $ 0.30 $ 1.05 $ 0.90