Business Segment Information

9 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

The Company reports financial results for five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility 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 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.  A listing of segment assets at June 30, 2014 and September 30, 2013 is shown in the tables below.  Energy Marketing segment revenue from external customers and net income for the quarter ended June 30, 2014 reflect a decrease of $24.0 million and $0.5 million, respectively, in unbilled revenue and related margin (net of tax).  For the nine months endedJune 30, 2014, Energy Marketing segment revenue from external customers and net income reflect the impact of $9.7 million and $0.3 million, respectively, of unbilled revenue and related incremental 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 June 30, 2014 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$201,522	$48,046	$343	$143,760	$45,737	$439,408	$497	$239	$440,144
Intersegment Revenues	$—	$20,489	$18,740	$3,654	$678	$43,561	$—	$(43,561)	$—
Segment Profit: Net Income (Loss)	$32,421	$17,934	$8,717	$4,826	$602	$64,500	$24	$(4)	$64,520

Nine Months Ended June 30, 2014 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$594,129	$152,829	$772	$751,861	$243,335	$1,742,926	$2,795	$737	$1,746,458
Intersegment Revenues	$—	$63,463	$48,541	$16,565	$938	$129,507	$—	$(129,507)	$—
Segment Profit: Net Income	$87,908	$58,444	$22,188	$64,586	$5,971	$239,097	$978	$1,908	$241,983

(Thousands)	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Segment Assets:
At June 30, 2014	$2,943,692	$1,304,619	$292,630	$1,952,626	$87,367	$6,580,934	$96,192	$(88,668)	$6,588,458
At September 30, 2013	$2,746,233	$1,246,027	$203,323	$1,870,587	$67,267	$6,133,437	$95,793	$(10,883)	$6,218,347

Quarter Ended June 30, 2013 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$195,213	$43,055	$342	$141,257	$59,128	$438,995	$779	$234	$440,008
Intersegment Revenues	$—	$21,708	$10,244	$3,305	$446	$35,703	$—	$(35,703)	$—
Segment Profit: Net Income (Loss)	$31,734	$14,075	$4,407	$7,630	$963	$58,809	$92	$(406)	$58,495

Nine Months Ended June 30, 2013 (Thousands)
	Exploration and Production	Pipeline and Storage	Gathering	Utility	Energy Marketing	Total Reportable Segments	All Other	Corporate and Intersegment Eliminations	Total Consolidated
Revenue from External Customers	$518,742	$132,897	$868	$653,211	$182,282	$1,488,000	$2,030	$658	$1,490,688
Intersegment Revenues	$—	$68,216	$23,622	$14,012	$1,080	$106,930	$—	$(106,930)	$—
Segment Profit: Net Income (Loss)	$86,125	$47,803	$9,442	$65,024	$5,741	$214,135	$7	$(1,983)	$212,159