Segment Information (Table)

12 Months Ended

Sep. 30, 2021

Schedule of Segment Reporting Information, by Segment

Income statements and capital expenditures by segment are shown in the following tables.


	Year Ended September 30, 2021
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	3,238,753	$	168,737	$	—	$	3,407,490
Intersegment revenues	3,220		468,610		(471,830)		—
Total operating revenues	3,241,973		637,347		(471,830)		3,407,490
Purchased gas cost	1,501,695		1,582		(470,560)		1,032,717
Operation and maintenance expense	501,209		179,080		(1,270)		679,019
Depreciation and amortization expense	345,481		132,496		—		477,977
Taxes, other than income	275,074		37,705		—		312,779
Operating income	618,514		286,484		—		904,998
Other non-operating income (expense)	(20,694)		18,549		—		(2,145)
Interest charges	36,629		46,925		—		83,554
Income before income taxes	561,191		258,108		—		819,299
Income tax expense	115,329		38,407		—		153,736
Net income	$	445,862	$	219,701	$	—	$	665,563
Capital expenditures	$	1,454,195	$	515,345	$	—	$	1,969,540


	Year Ended September 30, 2020
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	2,624,251	$	196,886	$	—	$	2,821,137
Intersegment revenues	2,742		412,453		(415,195)		—
Total operating revenues	2,626,993		609,339		(415,195)		2,821,137
Purchased gas cost	1,071,227		1,548		(413,921)		658,854
Operation and maintenance expense	472,760		158,115		(1,274)		629,601
Depreciation and amortization expense	309,582		120,246		—		429,828
Taxes, other than income	245,181		33,574		—		278,755

Operating income	528,243		295,856		—		824,099
Other non-operating income (expense)	(1,265)		8,436		—		7,171
Interest charges	39,634		44,840		—		84,474
Income before income taxes	487,344		259,452		—		746,796
Income tax expense	91,680		53,673		—		145,353
Net income	$	395,664	$	205,779	$	—	$	601,443
Capital expenditures	$	1,466,631	$	469,045	$	—	$	1,935,676


	Year Ended September 30, 2019
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	2,742,824	$	159,024	$	—	$	2,901,848
Intersegment revenues	2,637		408,000		(410,637)		—
Total operating revenues	2,745,461		567,024		(410,637)		2,901,848
Purchased gas cost	1,268,591		(360)		(409,394)		858,837
Operation and maintenance expense	480,222		151,329		(1,243)		630,308
Depreciation and amortization expense	283,697		107,759		—		391,456
Taxes, other than income	242,179		33,010		—		275,189

Operating income	470,772		275,286		—		746,058
Other non-operating income	6,241		1,163		—		7,404
Interest charges	60,031		43,122		—		103,153
Income before income taxes	416,982		233,327		—		650,309
Income tax expense	88,168		50,735		—		138,903
Net income	$	328,814	$	182,592	$	—	$	511,406
Capital expenditures	$	1,274,613	$	418,864	$	—	$	1,693,477

Balance sheet information at September 30, 2021 and 2020 by segment is presented in the following tables.


	September 30, 2021
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Property, plant and equipment, net	$	11,232,649	$	3,831,321	$	—	$	15,063,970
Total assets	$	18,847,266	$	4,076,844	$	(3,315,448)	$	19,608,662


	September 30, 2020
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Property, plant and equipment, net	$	9,944,978	$	3,410,369	$	—	$	13,355,347
Total assets	$	14,578,176	$	3,647,907	$	(2,867,051)	$	15,359,032

Revenue from External Customers by Products and Services

The following table summarizes our revenues from external parties, excluding intersegment revenues, by products and services for the fiscal years ended September 30.



	2021		2020		2019
	(In thousands)
Distribution revenues:
Gas sales revenues:
Residential	$	2,117,272	$	1,717,070	$	1,733,548
Commercial	838,382		654,963		711,284
Industrial	113,171		89,641		118,046
Public authority and other	50,369		42,007		42,613
Total gas sales revenues	3,119,194		2,503,681		2,605,491
Transportation revenues	105,554		97,441		95,629
Other gas revenues	14,005		23,129		41,704
Total distribution revenues	3,238,753		2,624,251		2,742,824
Pipeline and storage revenues	168,737		196,886		159,024
Total operating revenues	$	3,407,490	$	2,821,137	$	2,901,848