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STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Gross Margin        
Revenues $ 279,689 $ 245,923 $ 830,097 $ 754,288
Cost of natural gas 82,572 56,457 345,726 292,186
Net margin 197,117 189,466 484,371 462,102
Operating expenses        
Operations and maintenance 101,241 97,119 210,598 203,250
Depreciation and amortization 37,851 35,565 74,870 70,249
General taxes 13,973 13,161 29,719 28,908
Total operating expenses 153,065 145,845 315,187 302,407
Operating income 44,052 43,621 169,184 159,695
Other income 875 416 2,121 434
Other expense (462) (314) (802) (769)
Interest expense, net (11,305) (10,848) (22,786) (21,695)
Income before income taxes 33,160 32,875 147,717 137,665
Income taxes (12,537) (12,575) (50,638) (52,621)
Net income $ 20,623 $ 20,300 $ 97,079 $ 85,044
Earnings per share        
Basic $ 0.39 $ 0.39 $ 1.85 $ 1.62
Diluted $ 0.39 $ 0.38 $ 1.83 $ 1.61
Average shares (thousands)        
Basic 52,553 52,386 52,565 52,452
Diluted 52,969 52,836 53,012 52,972
Dividends declared per share of stock $ 0.42 $ 0.35 $ 0.84 $ 0.70