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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Operating revenues $ 1,649,819 $ 1,319,073 $ 2,662,605 $ 2,233,553
Purchased gas cost 871,378 573,809 1,242,541 862,069
Operation and maintenance expense 163,352 156,375 322,462 295,018
Depreciation and amortization expense 133,374 118,636 261,230 233,921
Taxes, other than income 96,583 88,449 175,379 161,901
Operating income 385,132 381,804 660,993 680,644
Other non-operating income 5,213 2,834 13,915 8,906
Interest charges 28,928 26,096 48,779 48,106
Income before income taxes 361,417 358,542 626,129 641,444
Income tax expense 36,418 61,788 51,921 127,012
Net income $ 324,999 $ 296,754 $ 574,208 $ 514,432
Basic net income per share (USD per share) $ 2.37 $ 2.30 $ 4.24 $ 4.01
Diluted net income per share (USD per share) 2.37 2.30 4.24 4.01
Cash dividends per share (USD per share) $ 0.68 $ 0.625 $ 1.36 $ 1.25
Basic weighted average shares outstanding (in shares) 136,834 129,161 135,259 128,098
Diluted weighted average shares outstanding (in shares) 137,250 129,164 135,470 128,100
Other comprehensive income (loss), net of tax        
Net unrealized holding losses on available-for-sale securities $ (161) $ (66) $ (230) $ (129)
Cash flow hedges:        
Amortization and unrealized gain on interest rate agreements 121,884 138,005 76,006 198,189
Total other comprehensive income 121,723 137,939 75,776 198,060
Total comprehensive income 446,722 434,693 649,984 712,492
Distribution segment        
Operating revenues 1,609,667 1,281,826 2,581,303 2,157,713
Pipeline and storage segment        
Operating revenues 40,152 37,247 81,302 75,840
Purchased gas cost        
Purchased gas cost 871,378 573,809 1,242,541 862,069
Operating Segments | Distribution segment        
Operating revenues 1,610,546 1,282,674 2,582,968 2,159,324
Purchased gas cost 993,854 691,147 1,490,653 1,102,219
Operation and maintenance expense 121,541 123,990 244,825 232,792
Depreciation and amortization expense 96,612 85,667 189,409 168,537
Taxes, other than income 87,236 78,615 156,281 142,967
Operating income 311,303 303,255 501,800 512,809
Other non-operating income 549 (760) 2,465 75
Interest charges 15,157 14,017 23,705 24,729
Income before income taxes 296,695 288,478 480,560 488,155
Income tax expense 27,844 56,142 32,138 102,127
Net income 268,851 232,336 448,422 386,028
Operating Segments | Pipeline and storage segment        
Operating revenues 163,747 154,168 326,665 313,881
Purchased gas cost 1,683 113 (1,728) (1,131)
Operation and maintenance expense 42,126 32,703 78,281 62,859
Depreciation and amortization expense 36,762 32,969 71,821 65,384
Taxes, other than income 9,347 9,834 19,098 18,934
Operating income 73,829 78,549 159,193 167,835
Other non-operating income 4,664 3,594 11,450 8,831
Interest charges 13,771 12,079 25,074 23,377
Income before income taxes 64,722 70,064 145,569 153,289
Income tax expense 8,574 5,646 19,783 24,885
Net income 56,148 64,418 125,786 128,404
Operating Segments | Purchased gas cost | Distribution segment        
Purchased gas cost 993,854 691,147 1,490,653 1,102,219
Operating Segments | Purchased gas cost | Pipeline and storage segment        
Purchased gas cost 1,683 113 (1,728) (1,131)
Eliminations        
Operating revenues (124,474) (117,769) (247,028) (239,652)
Purchased gas cost (124,159) (117,451) (246,384) (239,019)
Operation and maintenance expense (315) (318) (644) (633)
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 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
Eliminations | Distribution segment        
Operating revenues 879 848 1,665 1,611
Eliminations | Pipeline and storage segment        
Operating revenues 123,595 116,921 245,363 238,041
Eliminations | Purchased gas cost        
Purchased gas cost $ (124,159) $ (117,451) $ (246,384) $ (239,019)