Segment Information (Tables)

6 Months Ended

Mar. 31, 2023

Schedule of Segment Reporting Information, by Segment

Income statements and capital expenditures for the three and six months ended March 31, 2023 and 2022 by segment are presented in the following tables:


	Three Months Ended March 31, 2023
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	1,499,437	$	41,536	$	—	$	1,540,973
Intersegment revenues	773		142,888		(143,661)		—
Total operating revenues	1,500,210		184,424		(143,661)		1,540,973
Purchased gas cost	809,023		621		(143,433)		666,211
Operation and maintenance expense	151,353		43,591		(228)		194,716
Depreciation and amortization expense	106,310		42,007		—		148,317
Taxes, other than income	98,200		10,891		—		109,091
Operating income	335,324		87,314		—		422,638
Other non-operating income	7,465		9,941		—		17,406
Interest charges	21,420		15,950		—		37,370
Income before income taxes	321,369		81,305		—		402,674
Income tax expense	32,895		12,108		—		45,003
Net income	$	288,474	$	69,197	$	—	$	357,671
Capital expenditures	$	424,989	$	194,700	$	—	$	619,689


	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



	Six Months Ended March 31, 2023
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	2,939,130	$	85,852	$	—	$	3,024,982
Intersegment revenues	1,506		285,201		(286,707)		—
Total operating revenues	2,940,636		371,053		(286,707)		3,024,982
Purchased gas cost	1,690,938		(237)		(286,241)		1,404,460
Operation and maintenance expense	287,822		92,376		(466)		379,732
Depreciation and amortization expense	211,974		82,363		—		294,337
Taxes, other than income	182,822		19,807		—		202,629
Operating income	567,080		176,744		—		743,824
Other non-operating income	14,239		24,358		—		38,597
Interest charges	44,259		29,871		—		74,130
Income before income taxes	537,060		171,231		—		708,291
Income tax expense	54,118		24,642		—		78,760
Net income	$	482,942	$	146,589	$	—	$	629,531
Capital expenditures	$	868,533	$	546,816	$	—	$	1,415,349



	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

Balance sheet information at March 31, 2023 and September 30, 2022 by segment is presented in the following tables:


	March 31, 2023
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Net property, plant and equipment	$	13,495,410	$	4,950,476	$	—	$	18,445,886
Total assets	$	20,565,390	$	5,226,910	$	(4,480,439)	$	21,311,861


	September 30, 2022
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Net property, plant and equipment	$	12,723,532	$	4,516,707	$	—	$	17,240,239
Total assets	$	21,424,586	$	4,797,206	$	(4,028,803)	$	22,192,989