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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues $ 816,429 $ 605,553 $ 3,479,034 $ 2,839,106
Purchased gas cost 249,159 86,870 1,491,700 948,939
Operation and maintenance expense 182,325 184,470 504,787 479,488
Depreciation and amortization expense 134,231 119,348 395,461 353,269
Taxes, other than income 96,127 81,475 271,506 243,376
Operating income 154,587 133,390 815,580 814,034
Other non-operating income 13,263 5,887 27,178 14,793
Interest charges 26,190 20,962 74,969 69,068
Income before income taxes 141,660 118,315 767,789 759,759
Income tax expense 13,113 15,904 65,034 142,916
Net income $ 128,547 $ 102,411 $ 702,755 $ 616,843
Basic net income per share (USD per share) $ 0.92 $ 0.78 $ 5.13 $ 4.77
Diluted net income per share (USD per share) 0.92 0.78 5.12 4.77
Cash dividends per share (USD per share) $ 0.68 $ 0.625 $ 2.04 $ 1.875
Basic weighted average shares outstanding (in shares) 139,881 131,358 136,799 129,185
Diluted weighted average shares outstanding (in shares) 140,227 131,486 137,055 129,229
Other comprehensive income (loss), net of tax        
Net unrealized holding losses on available-for-sale securities $ (106) $ (36) $ (336) $ (165)
Cash flow hedges:        
Amortization and unrealized gain (loss) on interest rate agreements 159,737 (79,196) 235,743 118,993
Total other comprehensive income (loss) 159,631 (79,232) 235,407 118,828
Total comprehensive income 288,178 23,179 938,162 735,671
Distribution segment        
Operating revenues 772,497 557,931 3,353,800 2,715,644
Pipeline and storage segment        
Operating revenues 43,932 47,622 125,234 123,462
Purchased gas cost        
Purchased gas cost 249,159 86,870 1,491,700 948,939
Operating Segments | Distribution segment        
Operating revenues 773,311 558,750 3,356,279 2,718,074
Purchased gas cost 390,559 202,050 1,881,212 1,304,269
Operation and maintenance expense 133,654 130,454 378,479 363,246
Depreciation and amortization expense 97,106 86,099 286,515 254,636
Taxes, other than income 85,933 72,024 242,214 214,991
Operating income 66,059 68,123 567,859 580,932
Other non-operating income 6,708 1,060 9,173 1,135
Interest charges 12,341 8,540 36,046 33,269
Income before income taxes 60,426 60,643 540,986 548,798
Income tax expense 3,025 7,354 35,163 109,481
Net income 57,401 53,289 505,823 439,317
Operating Segments | Pipeline and storage segment        
Operating revenues 183,412 162,987 510,077 476,868
Purchased gas cost (1,347) 691 (3,075) (440)
Operation and maintenance expense 48,912 54,329 127,193 117,188
Depreciation and amortization expense 37,125 33,249 108,946 98,633
Taxes, other than income 10,194 9,451 29,292 28,385
Operating income 88,528 65,267 247,721 233,102
Other non-operating income 6,555 4,827 18,005 13,658
Interest charges 13,849 12,422 38,923 35,799
Income before income taxes 81,234 57,672 226,803 210,961
Income tax expense 10,088 8,550 29,871 33,435
Net income 71,146 49,122 196,932 177,526
Operating Segments | Purchased gas cost | Distribution segment        
Purchased gas cost 390,559 202,050 1,881,212 1,304,269
Operating Segments | Purchased gas cost | Pipeline and storage segment        
Purchased gas cost (1,347) 691 (3,075) (440)
Eliminations        
Operating revenues (140,294) (116,184) (387,322) (355,836)
Purchased gas cost (140,053) (115,871) (386,437) (354,890)
Operation and maintenance expense (241) (313) (885) (946)
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 814 819 2,479 2,430
Eliminations | Pipeline and storage segment        
Operating revenues 139,480 115,365 384,843 353,406
Eliminations | Purchased gas cost        
Purchased gas cost $ (140,053) $ (115,871) $ (386,437) $ (354,890)