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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables)
 12 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Business Segments and Other Operations
Information related to the Company’s various reporting segments and other operations is detailed below:
(Thousands)
 
 
 
Fiscal Years Ended September 30,
2018
2017
2016
Operating revenues
 
 
 
Natural Gas Distribution
 
 
 
External customers
$
731,865

$
695,637

$
594,346

Clean Energy Ventures
 
 
 
External customers
71,375

64,394

53,540

Energy Services
 
 
 
External customers (1)
2,064,477

1,462,365

1,187,754

Intercompany
48,327

316

9,499

Subtotal
2,916,044

2,222,712

1,845,139

Home Services and Other
 
 
 
External customers
47,392

46,221

45,265

Intercompany
2,665

3,370

3,232

Eliminations
(50,992
)
(3,686
)
(12,731
)
Total
$
2,915,109

$
2,268,617

$
1,880,905

Depreciation and amortization
 
 
 
Natural Gas Distribution
$
53,208

$
49,347

$
47,828

Clean Energy Ventures
31,877

31,834

23,971

Energy Services (2)
76

63

88

Midstream
6

6

6

Subtotal
85,167

81,250

71,893

Home Services and Other
780

798

981

Eliminations
(246
)
(207
)
(126
)
Total
$
85,701

$
81,841

$
72,748

Interest income (3)
 
 
 
Natural Gas Distribution
$
614

$
555

$
115

Energy Services
240

6

98

Midstream
3,374

2,195

1,524

Subtotal
4,228

2,756

1,737

Home Services and Other
1,476

590

397

Eliminations
(5,090
)
(1,312
)
(2,006
)
Total
$
614

$
2,034

$
128

(1)
Includes sales to Canada, which are immaterial.
(2)
The amortization of acquired wholesale energy contracts is excluded above and is included in gas purchases - nonutility on the Unaudited Condensed Consolidated Statements of Operations.
(3)
Included in other income, net on the Consolidated Statements of Operations.
(Thousands)
 
 
 
Fiscal Years Ended September 30,
2018
2017
2016
Interest expense, net of capitalized interest
 
 
 
Natural Gas Distribution
$
25,299

$
25,818

$
19,930

Clean Energy Ventures
18,320

16,263

10,304

Energy Services
3,945

2,747

1,095

Midstream
1,667

960

287

Subtotal
49,231

45,788

31,616

Home Services and Other
7

410

252

Eliminations
(2,952
)
(1,312
)
(824
)
Total
$
46,286

$
44,886

$
31,044

Income tax (benefit) provision
 
 
 
Natural Gas Distribution
$
(1,910
)
$
43,485

$
34,951

Clean Energy Ventures
(79,932
)
(31,161
)
(26,592
)
Energy Services
24,996

(4,015
)
7,030

Midstream
(8,548
)
5,820

6,130

Subtotal
(65,394
)
14,129

21,519

Home Services and Other
11,944

3,857

1,387

Eliminations
(335
)
357

624

Total
$
(53,785
)
$
18,343

$
23,530

Equity in earnings of affiliates
 
 
 
Midstream
$
16,165

$
17,797

$
13,936

Eliminations
(3,157
)
(3,984
)
(4,421
)
Total
$
13,008

$
13,813

$
9,515

Net financial earnings (loss)
 
 
 
Natural Gas Distribution
$
84,048

$
86,930

$
76,104

Clean Energy Ventures
75,849

24,873

28,393

Energy Services
60,378

18,554

21,934

Midstream
24,367

12,857

9,406

Subtotal
244,642

143,214

135,837

Home Services and Other
(3,829
)
6,811

2,882

Eliminations
(327
)
(633
)
(634
)
Total
$
240,486

$
149,392

$
138,085

Capital expenditures
 
 
 
Natural Gas Distribution
$
254,523

$
176,249

$
205,133

Clean Energy Ventures
123,421

149,400

149,063

Midstream
5,431

—

—

Subtotal
383,375

325,649

354,196

Home Services and Other
1,213

2,434

1,896

Total
$
384,588

$
328,083

$
356,092

Investments in equity investees
 
 
 
Midstream
16,151

27,070

11,176

Total
$
16,151

$
27,070

$
11,176
Reconciliation of Consolidated NFE to Consolidated Net Income
A reconciliation of consolidated NFE to consolidated net income is as follows:
(Thousands)
2018
2017
2016
Consolidated net financial earnings
$
240,486

$
149,392

$
138,085

Less:
 
 
 
Unrealized loss (gain) on derivative instruments and related transactions
26,770

(11,241
)
46,883

Tax effect
(4,512
)
4,062

(17,018
)
Effects of economic hedging related to natural gas inventory
(22,570
)
38,470

(36,816
)
Tax effect
7,362

(13,964
)
13,364

Consolidated net income
$
233,436

$
132,065

$
131,672
Schedule of Assets for Business Segments and Business Operations
The Company’s assets for the various reporting segments and business operations are detailed below:
(Thousands)
2018
2017
2016
Assets at end of period:
 
 
 
Natural Gas Distribution
$
2,663,054

$
2,519,578

$
2,517,401

Clean Energy Ventures (1)
865,018

771,340

665,696

Energy Services
396,852

398,277

327,626

Midstream
242,069

232,806

186,259

Subtotal
4,166,993

3,922,001

3,696,982

Home Services and Other
114,732

114,801

109,487

Intercompany assets (2)
(138,061
)
(108,295
)
(87,899
)
Total
$
4,143,664

$
3,928,507

$
3,718,570

(1)
Includes assets held for sale of $206.9 million for September 30, 2018.
(2)
Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.