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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating revenues        
Total operating revenues $ 562,245 $ 526,501 $ 2,670,846 $ 2,294,855
Purchased gas cost        
Total purchased gas cost 130,886 114,176 1,124,763 852,975
Operation and maintenance expense 145,075 128,690 435,715 385,867
Depreciation and amortization expense 90,671 80,023 268,426 234,648
Taxes, other than income 72,620 62,948 208,400 185,611
Operating income 122,993 140,664 633,542 635,754
Miscellaneous expense (2,003) (289) (4,291) (450)
Interest charges 23,349 28,498 82,162 86,472
Income before income taxes 97,641 111,877 547,089 548,832
Income tax expense 26,448 41,069 (17,228) 201,974
Income from continuing operations 71,193 70,808 564,317 346,858
Income from discontinued operations, net of tax ($0 and $6,841)     0 10,994
Gain on sale of discontinued operations, net of tax ($0 and $10,215)     0 2,716
Net income $ 71,193 $ 70,808 $ 564,317 $ 360,568
Income per share from continuing operations (USD per share) $ 0.64 $ 0.67 $ 5.09 $ 3.27
Income per share from discontinued operations (USD per share) 0.00 0.00 0.00 0.13
Net income per share - basic and diluted (USD per share) 0.64 0.67 5.09 3.40
Cash dividends per share (USD per share) $ 0.485 $ 0.450 $ 1.455 $ 1.350
Basic and diluted weighted average shares outstanding (in shares) 111,851 106,364 110,707 105,862
Operating Segments | Distribution segment        
Operating revenues        
Total operating revenues $ 535,488 $ 494,060 $ 2,595,571 $ 2,211,257
Purchased gas cost        
Total purchased gas cost 230,887 197,767 1,421,698 1,106,209
Operation and maintenance expense 111,895 99,631 347,623 296,048
Depreciation and amortization expense 66,504 62,760 197,587 185,219
Taxes, other than income 64,420 56,850 184,219 165,032
Operating income 61,782 77,052 444,444 458,749
Miscellaneous expense (1,191) (62) (2,198) 334
Interest charges 13,315 18,394 51,581 56,437
Income before income taxes 47,276 58,596 390,665 402,646
Income tax expense 11,932 22,082 (39,021) 149,623
Income from continuing operations       253,023
Income from discontinued operations, net of tax ($0 and $6,841)       0
Gain on sale of discontinued operations, net of tax ($0 and $10,215)       0
Net income 35,344 36,514 429,686 253,023
Operating Segments | Pipeline and storage segment        
Operating revenues        
Total operating revenues 127,633 117,283 375,051 339,207
Purchased gas cost        
Total purchased gas cost 561 1,251 1,906 2,331
Operation and maintenance expense 33,494 29,059 89,027 89,863
Depreciation and amortization expense 24,167 17,263 70,839 49,429
Taxes, other than income 8,200 6,098 24,181 20,579
Operating income 61,211 63,612 189,098 177,005
Miscellaneous expense (812) (227) (2,093) (784)
Interest charges 10,034 10,104 30,581 30,035
Income before income taxes 50,365 53,281 156,424 146,186
Income tax expense 14,516 18,987 21,793 52,351
Income from continuing operations       93,835
Income from discontinued operations, net of tax ($0 and $6,841)       0
Gain on sale of discontinued operations, net of tax ($0 and $10,215)       0
Net income 35,849 34,294 134,631 93,835
Intersegment eliminations        
Operating revenues        
Total operating revenues (100,876) (84,842) (299,776) (255,609)
Purchased gas cost        
Total purchased gas cost (100,562) (84,842) (298,841) (255,565)
Operation and maintenance expense (314) 0 (935) (44)
Depreciation and amortization expense 0 0 0 0
Taxes, other than income 0 0 0 0
Operating income 0 0 0 0
Miscellaneous expense 0 0 0 0
Interest charges 0 0 0 0
Income before income taxes 0 0 0 0
Income tax expense 0 0 0 0
Income from continuing operations       0
Income from discontinued operations, net of tax ($0 and $6,841)       0
Gain on sale of discontinued operations, net of tax ($0 and $10,215)       0
Net income $ 0 $ 0 $ 0 $ 0