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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues        
Total operating revenues $ 485,738 $ 562,245 $ 2,458,165 $ 2,670,846
Cost of Revenue 31,326 130,886 845,167 1,124,763
Operation and maintenance expense 164,545 143,748 452,572 431,952
Depreciation and amortization expense 97,700 90,671 290,537 268,426
Taxes, other than income 69,965 72,620 213,546 208,400
Operating income 122,202 124,320 656,343 637,305
Other non-operating income (expense) 1,645 (3,330) (1,846) (8,054)
Interest charges 19,592 23,349 74,390 82,162
Income before income taxes 104,255 97,641 580,107 547,089
Income tax expense 23,789 26,448 127,107 (17,228)
Net income $ 80,466 $ 71,193 $ 453,000 $ 564,317
Basic net income per share $ 0.68 $ 0.64 $ 3.89 $ 5.09
Diluted net income per share 0.68 0.64 3.88 5.09
Cash dividends per share $ 0.525 $ 0.485 $ 1.575 $ 1.455
Basic weighted average shares outstanding 118,075 111,851 116,485 110,707
Diluted weighted average shares outstanding 118,430 111,851 116,673 110,707
Other comprehensive income (loss), net of tax        
Net unrealized holding gains (losses) on available-for-sale securities, net of tax $ 94 $ 310 $ 191 $ (736)
Cash flow hedges:        
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 1,053 8,320 (23,997) 29,609
Total other comprehensive income (loss) 1,147 8,630 (23,806) 28,873
Total comprehensive income 81,613 79,823 429,194 593,190
Operating Segments | Distribution segment        
Operating revenues        
Total operating revenues 444,944 535,488 2,341,668 2,595,571
Operation and maintenance expense 123,998 110,568 347,386 343,860
Depreciation and amortization expense 70,611 66,504 210,224 197,587
Taxes, other than income 62,134 64,420 189,377 184,219
Operating income 48,683 63,109 447,083 448,207
Other non-operating income (expense) 3,005 (2,518) 1,791 (5,961)
Interest charges 10,597 13,315 44,703 51,581
Income before income taxes 41,091 47,276 404,171 390,665
Income tax expense 8,693 11,932 85,195 (39,021)
Net income 32,398 35,344 318,976 429,686
Operating Segments | Pipeline and storage segment        
Operating revenues        
Total operating revenues 149,198 127,633 419,318 375,051
Operation and maintenance expense 40,855 33,494 106,120 89,027
Depreciation and amortization expense 27,089 24,167 80,313 70,839
Taxes, other than income 7,831 8,200 24,169 24,181
Operating income 73,519 61,211 209,260 189,098
Other non-operating income (expense) (1,360) (812) (3,637) (2,093)
Interest charges 8,995 10,034 29,687 30,581
Income before income taxes 63,164 50,365 175,936 156,424
Income tax expense 15,096 14,516 41,912 21,793
Net income 48,068 35,849 134,024 134,631
Intersegment eliminations        
Operating revenues        
Total operating revenues (108,404) (100,876) (302,821) (299,776)
Operation and maintenance expense (308) (314) (934) (935)
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 31,326 130,886 845,167 1,124,763
Natural Gas, US Regulated | Operating Segments | Distribution segment        
Operating revenues        
Cost of Revenue 139,518 230,887 1,147,598 1,421,698
Natural Gas, US Regulated | Operating Segments | Pipeline and storage segment        
Operating revenues        
Cost of Revenue (96) 561 (544) 1,906
Natural Gas, US Regulated | Intersegment eliminations        
Operating revenues        
Cost of Revenue $ (108,096) $ (100,562) $ (301,887) $ (298,841)