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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES        
Utility $ 400,500 $ 463,474 $ 757,909 $ 737,909
Nonutility 243,527 448,842 609,685 850,249
Total operating revenues 644,027 912,316 1,367,594 1,588,158
Natural gas purchases:        
Related parties 1,770 1,883 3,597 3,729
Operation and maintenance 99,095 85,786 178,596 154,770
Regulatory rider expenses 23,154 30,910 41,405 47,581
Depreciation and amortization 38,090 31,435 74,773 61,828
Total operating expenses 478,843 773,441 1,029,621 1,292,398
OPERATING INCOME 165,184 138,875 337,973 295,760
Other income, net 4,779 4,127 9,434 8,263
Interest expense, net of capitalized interest 30,261 18,926 59,752 38,403
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES 139,702 124,076 287,655 265,620
Income tax provision 30,586 28,810 63,564 59,617
Equity in earnings of affiliates 1,131 769 2,077 1,344
NET INCOME $ 110,247 $ 96,035 $ 226,168 $ 207,347
EARNINGS PER COMMON SHARE        
Basic (usd per share) $ 1.14 $ 1.00 $ 2.34 $ 2.16
Diluted (usd per share) $ 1.13 $ 1.00 $ 2.32 $ 2.15
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 96,893 96,068 96,689 96,006
Diluted (in shares) 97,556 96,516 97,346 96,480
Utility        
Natural gas purchases:        
Gas purchases - Utility and Nonutility $ 156,370 $ 212,892 $ 338,816 $ 335,161
Nonutility        
Natural gas purchases:        
Gas purchases - Utility and Nonutility $ 160,364 $ 410,535 $ 392,434 $ 689,329