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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Operating revenues $ 4,201,662 $ 3,407,490 $ 2,821,137
Purchased gas cost 1,682,656 1,032,717 658,854
Operation and maintenance expense 710,161 679,019 629,601
Depreciation and amortization expense 535,655 477,977 429,828
Taxes, other than income 352,208 312,779 278,755
Operating income 920,982 904,998 824,099
Other non-operating income (expense) 33,737 (2,145) 7,171
Interest charges 102,811 83,554 84,474
Income before income taxes 851,908 819,299 746,796
Income tax expense 77,510 153,736 145,353
Net income $ 774,398 $ 665,563 $ 601,443
Basic net income per share (USD per share) $ 5.61 $ 5.12 $ 4.89
Diluted net income per share (USD per share) $ 5.60 $ 5.12 $ 4.89
Weighted average shares outstanding - basic (in shares) 137,830 129,779 122,788
Weighted average shares outstanding - diluted (in shares) 138,096 129,834 122,872
Other comprehensive income (loss), net of tax      
Net unrealized holding gains (losses) on available-for-sale securities, net of tax of $(157), $(55) and $32 $ (542) $ (191) $ 106
Cash flow hedges:      
Amortization and unrealized gains on interest rate agreements, net of tax of $86,664, $36,875 and $17,198 299,851 127,583 56,888
Total other comprehensive income 299,309 127,392 56,994
Total comprehensive income 1,073,707 792,955 658,437
Distribution      
Operating revenues 4,031,936 3,238,753 2,624,251
Pipeline and Storage      
Operating revenues 169,726 168,737 196,886
Purchased gas cost      
Purchased gas cost 1,682,656 1,032,717 658,854
Purchased gas cost | Distribution      
Operating revenues 3,909,893 3,119,194 2,503,681
Operating Segments | Distribution      
Operating revenues 4,035,194 3,241,973 2,626,993
Purchased gas cost 2,210,302 1,501,695 1,071,227
Operation and maintenance expense 518,443 501,209 472,760
Depreciation and amortization expense 387,858 345,481 309,582
Taxes, other than income 314,046 275,074 245,181
Operating income 604,545 618,514 528,243
Other non-operating income (expense) 6,946 (20,694) (1,265)
Interest charges 49,921 36,629 39,634
Income before income taxes 561,570 561,191 487,344
Income tax expense 39,593 115,329 91,680
Net income 521,977 445,862 395,664
Operating Segments | Pipeline and Storage      
Operating revenues 693,660 637,347 609,339
Purchased gas cost (1,583) 1,582 1,548
Operation and maintenance expense 192,847 179,080 158,115
Depreciation and amortization expense 147,797 132,496 120,246
Taxes, other than income 38,162 37,705 33,574
Operating income 316,437 286,484 295,856
Other non-operating income (expense) 26,791 18,549 8,436
Interest charges 52,890 46,925 44,840
Income before income taxes 290,338 258,108 259,452
Income tax expense 37,917 38,407 53,673
Net income 252,421 219,701 205,779
Operating Segments | Purchased gas cost | Distribution      
Purchased gas cost 2,210,302 1,501,695 1,071,227
Operating Segments | Purchased gas cost | Pipeline and Storage      
Purchased gas cost (1,583) 1,582 1,548
Eliminations      
Operating revenues (527,192) (471,830) (415,195)
Purchased gas cost (526,063) (470,560) (413,921)
Operation and maintenance expense (1,129) (1,270) (1,274)
Depreciation and amortization expense 0 0 0
Taxes, other than income 0 0 0
Operating income 0 0 0
Other non-operating income (expense) 0 0 0
Interest charges 0 0 0
Income before income taxes 0 0 0
Income tax expense 0 0 0
Net income 0 0 0
Eliminations | Distribution      
Operating revenues 3,258 3,220 2,742
Eliminations | Pipeline and Storage      
Operating revenues 523,934 468,610 412,453
Eliminations | Purchased gas cost      
Purchased gas cost $ (526,063) $ (470,560) $ (413,921)