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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Operating revenues        
Total operating revenues $ 1,094,645 $ 1,219,409 $ 1,972,427 $ 2,108,601
Operation and maintenance expense 149,427 159,159 288,027 288,204
Depreciation and amortization expense 96,772 89,381 192,837 177,755
Taxes, other than income 79,093 73,007 143,581 135,780
Operating income 297,677 270,902 534,141 512,985
Other non-operating income (expense) 4,232 (2,167) (3,491) (4,724)
Interest charges 26,949 27,304 54,798 58,813
Income before income taxes 274,960 241,431 475,852 449,448
Income tax expense 60,072 62,439 103,318 (43,676)
Net income $ 214,888 $ 178,992 $ 372,534 $ 493,124
Basic net income per share $ 1.83 $ 1.60 $ 3.22 $ 4.47
Diluted net income per share 1.82 1.60 3.21 4.47
Cash dividends per share $ 0.525 $ 0.485 $ 1.050 $ 0.970
Basic weighted average shares outstanding 117,581 111,706 115,690 110,135
Diluted weighted average shares outstanding 117,756 111,706 115,794 110,135
Other comprehensive income (loss), net of tax        
Net unrealized holding gains (losses) on available-for-sale securities, net of tax $ 97 $ (939) $ 97 $ (1,046)
Cash flow hedges:        
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (2,792) 22,244 (25,050) 21,289
Total other comprehensive income (loss) (2,695) 21,305 (24,953) 20,243
Total comprehensive income 212,193 200,297 347,581 513,367
Operating Segments | Distribution segment        
Operating revenues        
Total operating revenues 1,057,889 1,199,291 1,896,724 2,060,083
Operation and maintenance expense 117,621 130,077 223,388 233,292
Depreciation and amortization expense 69,904 65,649 139,613 131,083
Taxes, other than income 71,053 64,692 127,243 119,799
Operating income 228,963 211,820 398,400 385,098
Other non-operating income (expense) 5,263 (1,521) (1,214) (3,443)
Interest charges 15,896 16,898 34,106 38,266
Income before income taxes 218,330 193,401 363,080 343,389
Income tax expense 46,137 48,158 76,502 (50,953)
Net income 172,193 145,243 286,578 394,342
Operating Segments | Pipeline and storage segment        
Operating revenues        
Total operating revenues 135,650 120,955 270,120 247,418
Operation and maintenance expense 32,118 29,393 65,265 55,533
Depreciation and amortization expense 26,868 23,732 53,224 46,672
Taxes, other than income 8,040 8,315 16,338 15,981
Operating income 68,714 59,082 135,741 127,887
Other non-operating income (expense) (1,031) (646) (2,277) (1,281)
Interest charges 11,053 10,406 20,692 20,547
Income before income taxes 56,630 48,030 112,772 106,059
Income tax expense 13,935 14,281 26,816 7,277
Net income 42,695 33,749 85,956 98,782
Intersegment eliminations        
Operating revenues        
Total operating revenues (98,894) (100,837) (194,417) (198,900)
Operation and maintenance expense (312) (311) (626) (621)
Depreciation and amortization expense 0 0 0 0
Taxes, other than income 0 0 0 0
Operating income 0 0 0 0
Other non-operating income (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
Net income 0 0 0 0
Natural Gas, US Regulated        
Operating revenues        
Cost of Revenue 471,676 626,960 813,841 993,877
Natural Gas, US Regulated | Operating Segments | Distribution segment        
Operating revenues        
Cost of Revenue 570,348 727,053 1,008,080 1,190,811
Natural Gas, US Regulated | Operating Segments | Pipeline and storage segment        
Operating revenues        
Cost of Revenue (90) 433 (448) 1,345
Natural Gas, US Regulated | Intersegment eliminations        
Operating revenues        
Cost of Revenue $ (98,582) $ (100,526) $ (193,791) $ (198,279)