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REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables)
 6 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information related to the Company's various reporting segments and other operations is detailed below:
 
Three Months Ended
Six Months Ended
 
March 31,
March 31,
(Thousands)
2020
2019
2020
2019
Operating revenues
 
 
 
 
Natural Gas Distribution
 
 
 
 
External customers
$
297,220

$
301,420

$
516,843

$
501,385

Clean Energy Ventures
 
 
 
 
External customers
5,995

11,360

12,207

26,257

Energy Services
 
 
 
 
External customers (1)
313,959

541,794

682,263

1,126,754

Intercompany
(258
)
6,031

1,853

8,338

Midstream
 
 
 
 
External customers
10,401

—

18,806

—

Intercompany
675

—

1,342

—

Subtotal
627,992

860,605

1,233,314

1,662,734

Home Services and Other
 
 
 
 
External customers
12,039

11,681

24,531

23,626

Intercompany
326

652

741

1,197

Eliminations
(743
)
(6,683
)
(3,936
)
(9,535
)
Total
$
639,614

$
866,255

$
1,254,650

$
1,678,022

Depreciation and amortization
 
 
 
 
Natural Gas Distribution
$
18,100

$
13,972

$
34,917

$
27,868

Clean Energy Ventures
9,871

8,091

19,308

16,014

Energy Services (2)
27

25

56

52

Midstream
2,397

2

4,078

3

Subtotal
30,395

22,090

58,359

43,937

Home Services and Other
250

222

496

443

Eliminations
139

(1
)
(313
)
(237
)
Total
$
30,784

$
22,311

$
58,542

$
44,143

Interest income (3)
 
 
 
 
Natural Gas Distribution
$
136

$
181

$
243

$
380

Energy Services
52

14

89

14

Midstream
2,085

945

2,782

2,001

Subtotal
2,273

1,140

3,114

2,395

Home Services and Other
208

669

699

1,105

Eliminations
(760
)
(1,390
)
(1,906
)
(2,882
)
Total
$
1,721

$
419

$
1,907

$
618

(1)
Includes sales to Canada for the Energy Services segment, 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 Unaudited Condensed Consolidated Statements of Operations.
 
Three Months Ended
Six Months Ended
 
March 31,
March 31,
(Thousands)
2020
2019
2020
2019
Interest expense, net of capitalized interest
 
 
 
 
Natural Gas Distribution
$
7,473

$
5,762

$
15,305

$
11,865

Clean Energy Ventures
4,835

4,657

9,327

10,085

Energy Services
937

1,624

2,163

3,511

Midstream
5,621

565

8,443

1,108

Subtotal
18,866

12,608

35,238

26,569

Home Services and Other
565

611

837

1,003

Eliminations
(228
)
(710
)
(802
)
(1,577
)
Total
$
19,203

$
12,509

$
35,273

$
25,995

Income tax provision (benefit)
 
 
 
 
Natural Gas Distribution
$
19,702

$
12,266

$
28,337

$
18,096

Clean Energy Ventures
(22,061
)
(14,042
)
(42,625
)
(37,246
)
Energy Services
(2,449
)
(1,388
)
8,303

8,256

Midstream
1,105

1,219

1,807

2,181

Subtotal
(3,703
)
(1,945
)
(4,178
)
(8,713
)
Home Services and Other
1,956

(659
)
2,175

(851
)
Eliminations
104

(348
)
101

(349
)
Total
$
(1,643
)
$
(2,952
)
$
(1,902
)
$
(9,913
)
Equity in earnings of affiliates
 
 
 
 
Midstream
$
3,921

$
3,998

$
7,585

$
7,799

Eliminations
(332
)
(627
)
(607
)
(1,267
)
Total
$
3,589

$
3,371

$
6,978

$
6,532

Net financial earnings (loss)
 
 
 
 
Natural Gas Distribution
$
86,336

$
68,546

$
130,192

$
100,259

Clean Energy Ventures
15,990

21,730

11,074

31,935

Energy Services
313

19,304

(2,598
)
27,674

Midstream
4,258

4,498

7,262

8,149

Subtotal
106,897

114,078

145,930

168,017

Home Services and Other
148

(1,581
)
1,257

(1,505
)
Eliminations
(109
)
(80
)
154

(2
)
Total
$
106,936

$
112,417

$
147,341

$
166,510

Capital expenditures
 
 
 
 
Natural Gas Distribution
$
72,042

$
79,341

$
149,839

$
139,096

Clean Energy Ventures
24,087

20,394

69,786

52,520

Midstream
5,148

(1,689
)
7,709

—

Subtotal
101,277

98,046

227,334

191,616

Home Services and Other
(111
)
5,055

15

5,786

Total
$
101,166

$
103,101

$
227,349

$
197,402

Investments in equity investees
 
 
 
 
Midstream
$
757

$
1,457

$
1,266

$
1,457

Total
$
757

$
1,457

$
1,266

$
1,457
Reconciliation of Consolidated NFE to Consolidated Net Income A reconciliation of consolidated NFE to consolidated net income is as follows:
 
Three Months Ended
Six Months Ended
 
March 31,
March 31,
(Thousands)
2020
2019
2020
2019
Net financial earnings
$
106,936

$
112,417

$
147,341

$
166,510

Less:
 
 
 
 
Unrealized (gain) loss on derivative instruments and related transactions
(3,773
)
10,226

(45,539
)
(707
)
Tax effect
897

(2,435
)
10,828

149

Effects of economic hedging related to natural gas inventory
14,622

22,367

5,735

756

Tax effect
(3,475
)
(5,316
)
(1,363
)
(180
)
NFE tax adjustment
10,160

14,002

(186
)
6,671

Net income
$
88,505

$
73,573

$
177,866

$
159,821
Reconciliation of Assets from Segment to Consolidated
The Company's assets for the various business segments and business operations are detailed below:
(Thousands)
March 31,
2020
September 30,
2019
Assets at end of period:
 
 
Natural Gas Distribution
$
3,243,556

$
3,064,309

Clean Energy Ventures
969,545

864,323

Energy Services
208,562

290,847

Midstream
808,760

240,955

Subtotal
5,230,423

4,460,434

Home Services and Other
134,113

104,411

Intercompany assets (1)
(209,337
)
(191,860
)
Total
$
5,155,199

$
4,372,985

(1)
Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.