Business Segment Information

9 Months Ended

Jun. 30, 2013

Business Segment Information [Abstract]

Business Segment Information

Note 7 – Business Segment Information

The Company reports financial results for four segments: Utility, Pipeline and Storage, Exploration and Production, and Energy Marketing.  The division of the Company’s operations into reportable segments is based upon a combination of factors including differences in products and services, regulatory environment and geographic factors.

The data presented in the tables below reflect financial information for the segments and reconciliations to consolidated amounts.  As stated in the 2012 Form 10-K, the Company evaluates segment performance based on income before discontinued operations, extraordinary items and cumulative effects of changes in accounting (when applicable).  When these items are not applicable, the Company evaluates performance based on net income.  There have not been any changes in the basis of segmentation nor in the basis of measuring segment profit or loss from those used in the Company’s 2012 Form 10-K.  As for segment assets, there have been significant changes from the segment assets disclosed in the 2012 Form 10-K.  A listing of segment assets at June 30, 2013 is shown in the tables below.

Quarter Ended June 30, 2013 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	141,257	$	43,055	$	195,213	$	59,128	$	438,653	$	1,121	$	234	$	440,008
Intersegment Revenues	$	3,305	$	21,708	$	-	$	446	$	25,459	$	10,244	$	(35,703)	$	-
Segment Profit:
Net Income (Loss)	$	7,630	$	14,075	$	31,734	$	963	$	54,402	$	4,499	$	(406)	$	58,495

Nine Months Ended June 30, 2013 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	653,211	$	132,897	$	518,742	$	182,282	$	1,487,132	$	2,898	$	658	$	1,490,688
Intersegment Revenues	$	14,012	$	68,216	$	-	$	1,080	$	83,308	$	23,622	$	(106,930)	$	-
Segment Profit:
Net Income (Loss)	$	65,024	$	47,803	$	86,125	$	5,741	$	204,693	$	9,449	$	(1,983)	$	212,159
At June 30, 2013 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Segment Assets	$	2,074,329	$	1,281,445	$	2,614,406	$	69,106	$	6,039,286	$	273,048	$	31,606	$	6,343,940

Quarter Ended June 30, 2012 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	117,240	$	36,631	$	138,549	$	35,377	$	327,797	$	824	$	240	$	328,861
Intersegment Revenues	$	2,703	$	22,076	$	-	$	579	$	25,358	$	4,307	$	(29,665)	$	-
Segment Profit:
Net Income (Loss)	$	5,096	$	12,627	$	21,915	$	923	$	40,561	$	2,815	$	(192)	$	43,184

Nine Months Ended June 30, 2012 (Thousands)
			Pipeline		Exploration				Total				Corporate and
			and		and		Energy		Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	622,836	$	113,976	$	411,449	$	161,822	$	1,310,083	$	2,784	$	726	$	1,313,593
Intersegment Revenues	$	12,643	$	64,434	$	-	$	1,135	$	78,212	$	10,828	$	(89,040)	$	-
Segment Profit:
Net Income (Loss)	$	52,725	$	35,428	$	74,422	$	4,662	$	167,237	$	5,557	$	(1,519)	$	171,275