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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
OPERATING REVENUES        
Utility $ 120,782 $ 104,538 $ 622,167 $ 631,389
Nonutility 314,160 438,897 1,490,797 1,636,394
Total operating revenues 434,942 543,435 2,112,964 2,267,783
Gas purchases:        
Gas purchases - Utility 54,861 53,080 280,627 227,268
Gas purchases - Nonutility 289,757 422,734 1,370,408 1,489,041
Gas purchases - Related parties 2,126 2,156 6,455 6,392
Operation and maintenance 62,559 68,496 185,620 179,453
Regulatory rider expenses 4,136 5,542 32,159 36,915
Depreciation and amortization 23,149 20,320 67,292 64,634
Energy and other taxes 2,373 7,822 8,678 45,855
Total operating expenses 438,961 580,150 1,951,239 2,049,558
OPERATING (LOSS) INCOME (4,019) (36,715) 161,725 218,225
Other income, net 1,829 1,731 5,456 8,735
Interest expense, net of capitalized interest 11,648 11,037 37,643 34,740
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES (13,838) (46,021) 129,538 192,220
Income tax benefit (1,941) (28,534) (11,854) (47,801)
Equity in earnings of affiliates 3,495 3,213 10,027 9,670
NET (LOSS) INCOME [1] $ (8,402) $ (14,274) $ 151,419 $ 249,691
(LOSS) EARNINGS PER COMMON SHARE        
Basic (usd per share) $ (0.09) $ (0.16) $ 1.70 $ 2.85
Diluted (usd per share) [2] $ (0.09) $ (0.16) $ 1.69 $ 2.84
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 89,600 87,888 88,995 87,493
Diluted (in shares) 89,600 87,888 89,402 87,884
[1]
Includes income tax benefit related to the Tax Act of $844,000 and $57.7 million, for the three and nine months ended June 30, 2018, respectively.

[2]
Since there was a net loss for the three months ended June 30, 2019 and 2018, incremental shares of 409,000 and 402,000, respectively, were not included in the computation of diluted loss per common share, as their effect would have been anti-dilutive.There were no anti-dilutive shares excluded from the calculation of diluted earnings per share during the nine months ended June 30, 2019 and 2018.