Segment Information (Tables)

6 Months Ended

Mar. 31, 2022

Schedule of Segment Reporting Information, by Segment

Income statements and capital expenditures for the three and six months ended March 31, 2022 and 2021 by segment are presented in the following tables:


	Three Months Ended March 31, 2022
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	1,609,667	$	40,152	$	—	$	1,649,819
Intersegment revenues	879		123,595		(124,474)		—
Total operating revenues	1,610,546		163,747		(124,474)		1,649,819
Purchased gas cost	993,854		1,683		(124,159)		871,378
Operation and maintenance expense	121,541		42,126		(315)		163,352
Depreciation and amortization expense	96,612		36,762		—		133,374
Taxes, other than income	87,236		9,347		—		96,583
Operating income	311,303		73,829		—		385,132
Other non-operating income	549		4,664		—		5,213
Interest charges	15,157		13,771		—		28,928
Income before income taxes	296,695		64,722		—		361,417
Income tax expense	27,844		8,574		—		36,418
Net income	$	268,851	$	56,148	$	—	$	324,999
Capital expenditures	$	362,468	$	143,381	$	—	$	505,849


	Three Months Ended March 31, 2021
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	1,281,826	$	37,247	$	—	$	1,319,073
Intersegment revenues	848		116,921		(117,769)		—
Total operating revenues	1,282,674		154,168		(117,769)		1,319,073
Purchased gas cost	691,147		113		(117,451)		573,809
Operation and maintenance expense	123,990		32,703		(318)		156,375
Depreciation and amortization expense	85,667		32,969		—		118,636
Taxes, other than income	78,615		9,834		—		88,449
Operating income	303,255		78,549		—		381,804
Other non-operating income (expense)	(760)		3,594		—		2,834
Interest charges	14,017		12,079		—		26,096
Income before income taxes	288,478		70,064		—		358,542
Income tax expense	56,142		5,646		—		61,788
Net income	$	232,336	$	64,418	$	—	$	296,754
Capital expenditures	$	296,184	$	92,735	$	—	$	388,919



	Six Months Ended March 31, 2022
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	2,581,303	$	81,302	$	—	$	2,662,605
Intersegment revenues	1,665		245,363		(247,028)		—
Total operating revenues	2,582,968		326,665		(247,028)		2,662,605
Purchased gas cost	1,490,653		(1,728)		(246,384)		1,242,541
Operation and maintenance expense	244,825		78,281		(644)		322,462
Depreciation and amortization expense	189,409		71,821		—		261,230
Taxes, other than income	156,281		19,098		—		175,379
Operating income	501,800		159,193		—		660,993
Other non-operating income	2,465		11,450		—		13,915
Interest charges	23,705		25,074		—		48,779
Income before income taxes	480,560		145,569		—		626,129
Income tax expense	32,138		19,783		—		51,921
Net income	$	448,422	$	125,786	$	—	$	574,208
Capital expenditures	$	799,850	$	390,179	$	—	$	1,190,029



	Six Months Ended March 31, 2021
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	2,157,713	$	75,840	$	—	$	2,233,553
Intersegment revenues	1,611		238,041		(239,652)		—
Total operating revenues	2,159,324		313,881		(239,652)		2,233,553
Purchased gas cost	1,102,219		(1,131)		(239,019)		862,069
Operation and maintenance expense	232,792		62,859		(633)		295,018
Depreciation and amortization expense	168,537		65,384		—		233,921
Taxes, other than income	142,967		18,934		—		161,901
Operating income	512,809		167,835		—		680,644
Other non-operating income	75		8,831		—		8,906
Interest charges	24,729		23,377		—		48,106
Income before income taxes	488,155		153,289		—		641,444
Income tax expense	102,127		24,885		—		127,012
Net income	$	386,028	$	128,404	$	—	$	514,432
Capital expenditures	$	602,200	$	243,528	$	—	$	845,728

Balance sheet information at March 31, 2022 and September 30, 2021 by segment is presented in the following tables:


	March 31, 2022
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Property, plant and equipment, net	$	11,960,553	$	4,124,420	$	—	$	16,084,973
Total assets	$	20,515,446	$	4,372,335	$	(3,616,638)	$	21,271,143


	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