Segment Information

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

 We manage and review our consolidated operations through the following reportable segments:

•The distribution segment is primarily comprised of our regulated natural gas distribution and related sales operations in eight states.

•The pipeline and storage segment is comprised primarily of the pipeline and storage operations of our Atmos Pipeline-Texas division and our natural gas transmission operations in Louisiana.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies found in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021.

Income statements and capital expenditures for the three months ended December 31, 2021 and 2020 by segment are presented in the following tables:

	Three Months Ended December 31, 2021
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	971,636	$	41,150	$	—	$	1,012,786
Intersegment revenues	786		121,768		(122,554)		—
Total operating revenues	972,422		162,918		(122,554)		1,012,786
Purchased gas cost	496,799		(3,411)		(122,225)		371,163
Operation and maintenance expense	123,284		36,155		(329)		159,110
Depreciation and amortization expense	92,797		35,059		—		127,856
Taxes, other than income	69,045		9,751		—		78,796
Operating income	190,497		85,364		—		275,861
Other non-operating income	1,916		6,786		—		8,702
Interest charges	8,548		11,303		—		19,851
Income before income taxes	183,865		80,847		—		264,712
Income tax expense	4,294		11,209		—		15,503
Net income	$	179,571	$	69,638	$	—	$	249,209
Capital expenditures	$	437,382	$	246,798	$	—	$	684,180

	Three Months Ended December 31, 2020
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	875,887	$	38,593	$	—	$	914,480
Intersegment revenues	763		121,120		(121,883)		—
Total operating revenues	876,650		159,713		(121,883)		914,480
Purchased gas cost	411,072		(1,244)		(121,568)		288,260
Operation and maintenance expense	108,802		30,156		(315)		138,643
Depreciation and amortization expense	82,870		32,415		—		115,285
Taxes, other than income	64,352		9,100		—		73,452
Operating income	209,554		89,286		—		298,840
Other non-operating income	835		5,237		—		6,072
Interest charges	10,712		11,298		—		22,010
Income before income taxes	199,677		83,225		—		282,902
Income tax expense	45,985		19,239		—		65,224
Net income	$	153,692	$	63,986	$	—	$	217,678
Capital expenditures	$	306,016	$	150,793	$	—	$	456,809

Balance sheet information at December 31, 2021 and September 30, 2021 by segment is presented in the following tables:

	December 31, 2021
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Property, plant and equipment, net	$	11,676,614	$	4,050,177	$	—	$	15,726,791
Total assets	$	19,778,943	$	4,309,629	$	(3,542,788)	$	20,545,784

	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