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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Operating revenues $ 4,275,357 $ 4,201,662 $ 3,407,490
Purchased gas cost 1,452,173 1,682,656 1,032,717
Operation and maintenance expense 764,906 710,161 679,019
Depreciation and amortization expense 604,327 535,655 477,977
Taxes, other than income 386,804 352,208 312,779
Operating income 1,067,147 920,982 904,998
Other non-operating income (expense) 69,775 33,737 (2,145)
Interest charges 137,281 102,811 83,554
Income before income taxes 999,641 851,908 819,299
Income tax expense 113,779 77,510 153,736
Net income $ 885,862 $ 774,398 $ 665,563
Basic net income per share (USD per share) $ 6.10 $ 5.61 $ 5.12
Diluted net income per share (USD per share) $ 6.10 $ 5.60 $ 5.12
Weighted average shares outstanding - basic (in shares) 145,121 137,830 129,779
Weighted average shares outstanding - diluted (in shares) 145,166 138,096 129,834
Other comprehensive income (loss), net of tax      
Net unrealized holding gains (losses) on available-for-sale securities, net of tax of $37, $(157) and $(55) $ 126 $ (542) $ (191)
Cash flow hedges:      
Amortization and unrealized gains on interest rate agreements, net of tax of $43,148, $86,664 and $36,875 149,290 299,851 127,583
Total other comprehensive income 149,416 299,309 127,392
Total comprehensive income 1,035,278 1,073,707 792,955
Distribution      
Operating revenues 4,096,661 4,031,936 3,238,753
Pipeline and Storage      
Operating revenues 178,696 169,726 168,737
Purchased gas cost      
Purchased gas cost 1,452,173 1,682,656 1,032,717
Purchased gas cost | Distribution      
Operating revenues 3,965,371 3,909,893 3,119,194
Operating Segments | Distribution      
Operating revenues 4,099,690 4,035,194 3,241,973
Purchased gas cost 2,061,920 2,210,302 1,501,695
Operation and maintenance expense 565,179 518,443 501,209
Depreciation and amortization expense 434,721 387,858 345,481
Taxes, other than income 345,244 314,046 275,074
Operating income 692,626 604,545 618,514
Other non-operating income (expense) 24,988 6,946 (20,694)
Interest charges 77,185 49,921 36,629
Income before income taxes 640,429 561,570 561,191
Income tax expense 60,032 39,593 115,329
Net income 580,397 521,977 445,862
Operating Segments | Pipeline and Storage      
Operating revenues 785,174 693,660 637,347
Purchased gas cost (1,220) (1,583) 1,582
Operation and maintenance expense 200,707 192,847 179,080
Depreciation and amortization expense 169,606 147,797 132,496
Taxes, other than income 41,560 38,162 37,705
Operating income 374,521 316,437 286,484
Other non-operating income (expense) 44,787 26,791 18,549
Interest charges 60,096 52,890 46,925
Income before income taxes 359,212 290,338 258,108
Income tax expense 53,747 37,917 38,407
Net income 305,465 252,421 219,701
Operating Segments | Purchased gas cost | Distribution      
Purchased gas cost 2,061,920 2,210,302 1,501,695
Operating Segments | Purchased gas cost | Pipeline and Storage      
Purchased gas cost (1,220) (1,583) 1,582
Eliminations      
Operating revenues (609,507) (527,192) (471,830)
Purchased gas cost (608,527) (526,063) (470,560)
Operation and maintenance expense (980) (1,129) (1,270)
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 3,029 3,258 3,220
Eliminations | Pipeline and Storage      
Operating revenues 606,478 523,934 468,610
Eliminations | Purchased gas cost      
Purchased gas cost $ (608,527) $ (526,063) $ (470,560)