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Selected Quarterly Financial Data (Table)
12 Months Ended
Sep. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Summarized unaudited quarterly financial data is presented below. The sum of net income per share by quarter may not equal the net income per share for the fiscal year due to variations in the weighted average shares outstanding used in computing such amounts. Our businesses are seasonal due to weather conditions in our service areas. For further information on its effects on quarterly results, see the “Results of Operations” discussion included in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section herein.
 
Quarter Ended
 
December 31
 
March 31
 
June 30
 
September 30
 
(In thousands, except per share data)
Fiscal year 2018:
 
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
 
Distribution
$
860,792

 
$
1,199,291

 
$
535,488

 
$
407,476

Pipeline and storage
126,463

 
120,955

 
127,633

 
132,662

Intersegment eliminations
(98,063
)
 
(100,837
)
 
(100,876
)
 
(95,438
)
Total operating revenues
889,192

 
1,219,409

 
562,245

 
444,700

 
 
 
 
 
 
 
 
Purchased gas cost
366,917

 
626,960

 
130,886

 
43,085

Operating income
241,561

 
268,988

 
122,993

 
89,592

Net Income
314,132

 
178,992

 
71,193

 
38,747

Basic and diluted earnings per share
 
 
 
 
 
 
 
Net income per share — basic and diluted
$
2.89

 
$
1.60

 
$
0.64

 
$
0.35


 
Quarter Ended
 
December 31
 
March 31
 
June 30
 
September 30
 
(In thousands, except per share data)
Fiscal year 2017:
 
 
 
 
 
 
 
Operating revenues
 
 
 
 
 
 
 
Distribution
$
754,656

 
$
962,541

 
$
494,060

 
$
437,918

Pipeline and storage
109,952

 
111,972

 
117,283

 
117,823

Intersegment eliminations
(84,440
)
 
(86,327
)
 
(84,842
)
 
(90,861
)
Total operating revenues
780,168

 
988,186

 
526,501

 
464,880

 
 
 
 
 
 
 
 
Purchased gas cost
311,305

 
427,494

 
114,176

 
72,561

Operating income
209,918

 
285,172

 
140,664

 
91,792

Income from continuing operations
114,038

 
162,012

 
70,808

 
35,853

Income from discontinued operations
10,994

 

 

 

Gain on sale of discontinued operations

 
2,716

 

 

Net Income
125,032

 
164,728

 
70,808

 
35,853

Basic and diluted earnings per share
 
 
 
 
 
 
 
Income per share from continuing operations
$
1.08

 
$
1.52

 
$
0.67

 
$
0.34

Income per share from discontinued operations
0.11

 
0.03

 

 

Net income per share — basic and diluted
$
1.19

 
$
1.55

 
$
0.67

 
$
0.34