Business Segment Information

3 Months Ended

Dec. 31, 2013

Business Segment Information [Abstract]

Business Segment Information

Note 7 – Business Segment Information

The Company reports financial results for five segments: Utility, Pipeline and Storage, Exploration and Production, Energy Marketing and Gathering.  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 2013 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 2013 Form 10-K.  As for segment assets at December 31, 2013, there have been changes from the segment assets disclosed in the 2013 Form 10-K.  A listing of segment assets at December  31, 2013 and September 30, 2013 is shown in the tables below.  Energy Marketing segment revenue from external customers and net income for the quarter ended December 31, 2013 reflect the impact of $25.5 million and $1.3 million, respectively, of unbilled revenue and related margin (net of tax).  In prior periods, Energy Marketing segment revenues and related purchased gas costs were recorded when billed, resulting in a one month lag.  The impact of not recording unbilled revenue and related costs was immaterial in all prior periods.

Quarter Ended December 31, 2013 (Thousands)
			Pipeline		Exploration						Total				Corporate and
			and		and		Energy				Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Gathering		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	230,453	$	51,212	$	193,046	$	73,159	$	235	$	548,105	$	1,700	$	267	$	550,072
Intersegment Revenues	$	4,706	$	20,739	$	-	$	255	$	14,350	$	40,050	$	-	$	(40,050)	$	-
Segment Profit:
Net Income (Loss)	$	24,215	$	19,138	$	31,097	$	1,604	$	6,147	$	82,201	$	675	$	(624)	$	82,252
			Pipeline		Exploration						Total				Corporate and
			and		and		Energy				Reportable		All		Intersegment		Total
(Thousands)	Utility		Storage		Production		Marketing		Gathering		Segments		Other		Eliminations		Consolidated
Segment Assets:
At December 31, 2013	$	1,911,689	$	1,244,551	$	2,752,386	$	93,735	$	225,191	$	6,227,552	$	95,541	$	(58,109)	$	6,264,984
At September 30, 2013	$	1,870,587	$	1,246,027	$	2,746,233	$	67,267	$	203,323	$	6,133,437	$	95,793	$	(10,883)	$	6,218,347

Quarter Ended December 31, 2012 (Thousands)
			Pipeline		Exploration						Total				Corporate and
			and		and		Energy				Reportable		All		Intersegment		Total
	Utility		Storage		Production		Marketing		Gathering		Segments		Other		Eliminations		Consolidated
Revenue from External
Customers	$	208,563	$	43,459	$	155,450	$	44,166	$	202	$	451,840	$	813	$	201	$	452,854
Intersegment Revenues	$	4,311	$	22,797	$	-	$	426	$	5,480	$	33,014	$	-	$	(33,014)	$	-
Segment Profit:
Net Income (Loss)	$	22,878	$	16,933	$	26,680	$	495	$	1,942	$	68,928	$	(57)	$	(927)	$	67,944