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STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Gross Margin        
Revenues from contracts with customers $ 235,757 $ 244,402 $ 1,162,162 $ 1,054,595
Other revenue 2,523 2,740 7,103 22,644
Regulated Operating Revenue 238,280 247,142 1,169,265 1,077,239
Cost of natural gas 51,256 58,769 495,834 404,495
Net margin 187,024 188,373 673,431 672,744
Operating expenses        
Operations and maintenance 96,443 91,058 302,103 293,030
Depreciation and amortization 40,344 38,423 118,991 113,293
General taxes 13,996 13,799 44,763 43,518
Total operating expenses 150,783 143,280 465,857 449,841
Operating income 36,241 45,093 207,574 222,903
Other expense, net (1,929) (3,715) (6,287) (11,022)
Interest expense, net (12,365) (11,495) (36,720) (34,281)
Income before income taxes 21,947 29,883 164,567 177,600
Income taxes (5,671) (11,086) (37,037) (61,724)
Net income $ 16,276 $ 18,797 $ 127,530 $ 115,876
Earnings per share        
Basic $ 0.31 $ 0.36 $ 2.42 $ 2.21
Diluted $ 0.31 $ 0.36 $ 2.41 $ 2.19
Average shares (thousands)        
Basic 52,736 52,488 52,678 52,539
Diluted 53,112 52,926 52,969 52,984
Dividends declared per share of stock $ 0.46 $ 0.42 $ 1.38 $ 1.26