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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
OPERATING REVENUES        
Utility $ 618,341 $ 462,863 $ 951,768 $ 755,956
Nonutility 294,686 195,050 449,620 369,167
Total operating revenues 913,027 657,913 1,401,388 1,125,123
Natural gas purchases:        
Related parties 1,666 1,799 3,384 3,678
Operation and maintenance 111,041 107,223 199,673 201,662
Regulatory rider expenses 48,501 29,229 70,977 48,418
Depreciation and amortization 47,967 40,075 93,296 80,362
Gain on sale of assets (688) 0 (55,547) 0
Total operating expenses 633,078 487,691 931,862 819,082
OPERATING INCOME 279,949 170,222 469,526 306,041
Other income, net 17,006 15,420 28,623 21,761
Interest expense, net of capitalized interest 32,527 31,621 66,418 63,094
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES 264,428 154,021 431,731 264,708
Income tax provision 61,593 33,947 98,977 56,883
Equity in earnings of affiliates 1,452 738 2,852 2,398
NET INCOME $ 204,287 $ 120,812 $ 335,606 $ 210,223
EARNINGS PER COMMON SHARE        
Basic (usd per share) $ 2.04 $ 1.23 $ 3.35 $ 2.14
Diluted (usd per share) $ 2.02 $ 1.22 $ 3.33 $ 2.13
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 100,291 98,377 100,073 98,123
Diluted (in shares) 100,933 99,102 100,705 98,839
Utility        
Natural gas purchases:        
Gas purchases - Utility and Nonutility $ 272,974 $ 204,347 $ 400,654 $ 320,467
Nonutility        
Natural gas purchases:        
Gas purchases - Utility and Nonutility $ 151,617 $ 105,018 $ 219,425 $ 164,495