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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating revenues $ 914,480 $ 875,563
Purchased gas cost 288,260 296,868
Operation and maintenance expense 138,643 152,245
Depreciation and amortization expense 115,285 105,062
Taxes, other than income 73,452 68,607
Operating income 298,840 252,781
Other non-operating income 6,072 4,887
Interest charges 22,010 27,229
Income before income taxes 282,902 230,439
Income tax expense 65,224 51,766
Net income $ 217,678 $ 178,673
Basic net income per share (USD per share) $ 1.71 $ 1.47
Diluted net income per share (USD per share) 1.71 1.47
Cash dividends per share (USD per share) $ 0.625 $ 0.575
Basic weighted average shares outstanding (in shares) 127,034 121,113
Diluted weighted average shares outstanding (in shares) 127,034 121,359
Other comprehensive income (loss), net of tax    
Net unrealized holding gains on available-for-sale securities, net of tax $ (63) $ (1)
Cash flow hedges:    
Amortization and unrealized gain (loss) on interest rate agreements, net of tax 60,184 1,053
Total other comprehensive income (loss) 60,121 1,052
Total comprehensive income 277,799 179,725
Distribution segment    
Operating revenues 875,887 827,840
Pipeline and storage segment    
Operating revenues 38,593 47,723
Operating Segments | Distribution segment    
Operating revenues 876,650 828,504
Purchased gas cost 411,072 397,558
Operation and maintenance expense 108,802 114,352
Depreciation and amortization expense 82,870 76,074
Taxes, other than income 64,352 60,243
Operating income 209,554 180,277
Other non-operating income 835 1,954
Interest charges 10,712 16,362
Income before income taxes 199,677 165,869
Income tax expense 45,985 36,112
Net income 153,692 129,757
Operating Segments | Pipeline and storage segment    
Operating revenues 159,713 148,176
Purchased gas cost (1,244) 99
Operation and maintenance expense 30,156 38,221
Depreciation and amortization expense 32,415 28,988
Taxes, other than income 9,100 8,364
Operating income 89,286 72,504
Other non-operating income 5,237 2,933
Interest charges 11,298 10,867
Income before income taxes 83,225 64,570
Income tax expense 19,239 15,654
Net income 63,986 48,916
Eliminations    
Operating revenues (121,883) (101,117)
Purchased gas cost (121,568) (100,789)
Operation and maintenance expense (315) (328)
Depreciation and amortization expense 0 0
Taxes, other than income 0 0
Operating income 0 0
Other non-operating income 0 0
Interest charges 0 0
Income before income taxes 0 0
Income tax expense 0 0
Net income 0 0
Eliminations | Distribution segment    
Operating revenues 763 664
Eliminations | Pipeline and storage segment    
Operating revenues 121,120 100,453
Purchased gas cost    
Purchased gas cost 288,260 296,868
Purchased gas cost | Operating Segments | Distribution segment    
Purchased gas cost 411,072 397,558
Purchased gas cost | Operating Segments | Pipeline and storage segment    
Purchased gas cost (1,244) 99
Purchased gas cost | Eliminations    
Purchased gas cost $ (121,568) $ (100,789)