Segment Information (Tables)

12 Months Ended

Sep. 30, 2023

Schedule of Segment Reporting Information, by Segment

Income statements and capital expenditures by segment are shown in the following tables.


	Year Ended September 30, 2023
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	4,096,661	$	178,696	$	—	$	4,275,357
Intersegment revenues	3,029		606,478		(609,507)		—
Total operating revenues	4,099,690		785,174		(609,507)		4,275,357
Purchased gas cost	2,061,920		(1,220)		(608,527)		1,452,173
Operation and maintenance expense	565,179		200,707		(980)		764,906
Depreciation and amortization expense	434,721		169,606		—		604,327
Taxes, other than income	345,244		41,560		—		386,804
Operating income	692,626		374,521		—		1,067,147
Other non-operating income	24,988		44,787		—		69,775
Interest charges	77,185		60,096		—		137,281
Income before income taxes	640,429		359,212		—		999,641
Income tax expense	60,032		53,747		—		113,779
Net income	$	580,397	$	305,465	$	—	$	885,862
Capital expenditures	$	1,927,125	$	878,848	$	—	$	2,805,973


	Year Ended September 30, 2022
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	4,031,936	$	169,726	$	—	$	4,201,662
Intersegment revenues	3,258		523,934		(527,192)		—
Total operating revenues	4,035,194		693,660		(527,192)		4,201,662
Purchased gas cost	2,210,302		(1,583)		(526,063)		1,682,656
Operation and maintenance expense	518,443		192,847		(1,129)		710,161
Depreciation and amortization expense	387,858		147,797		—		535,655
Taxes, other than income	314,046		38,162		—		352,208

Operating income	604,545		316,437		—		920,982
Other non-operating income	6,946		26,791		—		33,737
Interest charges	49,921		52,890		—		102,811
Income before income taxes	561,570		290,338		—		851,908
Income tax expense	39,593		37,917		—		77,510
Net income	$	521,977	$	252,421	$	—	$	774,398
Capital expenditures	$	1,675,798	$	768,622	$	—	$	2,444,420


	Year Ended September 30, 2021
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	3,238,753	$	168,737	$	—	$	3,407,490
Intersegment revenues	3,220		468,610		(471,830)		—
Total operating revenues	3,241,973		637,347		(471,830)		3,407,490
Purchased gas cost	1,501,695		1,582		(470,560)		1,032,717
Operation and maintenance expense	501,209		179,080		(1,270)		679,019
Depreciation and amortization expense	345,481		132,496		—		477,977
Taxes, other than income	275,074		37,705		—		312,779

Operating income	618,514		286,484		—		904,998
Other non-operating income (expense)	(20,694)		18,549		—		(2,145)
Interest charges	36,629		46,925		—		83,554
Income before income taxes	561,191		258,108		—		819,299
Income tax expense	115,329		38,407		—		153,736
Net income	$	445,862	$	219,701	$	—	$	665,563
Capital expenditures	$	1,454,195	$	515,345	$	—	$	1,969,540

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


	September 30, 2023
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Property, plant and equipment, net	$	14,402,578	$	5,204,005	$	—	$	19,606,583
Total assets	$	21,716,467	$	5,504,972	$	(4,704,471)	$	22,516,968


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

Schedule of Revenue from External Customers by Products and Services

The following table summarizes our revenues from external parties, excluding intersegment revenues, by products and services for the fiscal years ended September 30.



	2023		2022		2021
	(In thousands)
Distribution revenues:
Gas sales revenues:
Residential	$	2,638,689	$	2,492,116	$	2,117,272
Commercial	1,112,236		1,126,189		838,382
Industrial	151,970		224,632		113,171
Public authority and other	62,476		66,956		50,369
Total gas sales revenues	3,965,371		3,909,893		3,119,194
Transportation revenues	119,371		110,905		105,554
Other gas revenues	11,919		11,138		14,005
Total distribution revenues	4,096,661		4,031,936		3,238,753
Pipeline and storage revenues	178,696		169,726		168,737
Total operating revenues	$	4,275,357	$	4,201,662	$	3,407,490