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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Operating revenues $ 4,165,187 $ 4,275,357 $ 4,201,662
Purchased gas cost 933,693 1,452,173 1,682,656
Operation and maintenance expense 819,137 764,906 710,161
Depreciation and amortization expense 669,972 604,327 535,655
Taxes, other than income 387,023 386,804 352,208
Operating income 1,355,362 1,067,147 920,982
Other non-operating income 71,046 69,775 33,737
Interest charges 190,632 137,281 102,811
Income before income taxes 1,235,776 999,641 851,908
Income tax expense 192,881 113,779 77,510
Net income $ 1,042,895 $ 885,862 $ 774,398
Basic net income per share (USD per share) $ 6.83 $ 6.10 $ 5.61
Diluted net income per share (USD per share) $ 6.83 $ 6.10 $ 5.60
Weighted average shares outstanding:      
Basic (in shares) 152,508 145,121 137,830
Diluted (in shares) 152,666 145,166 138,096
Other comprehensive income (loss), net of tax      
Net unrealized holding gains (losses) on available-for-sale securities, net of tax of $168, $37 and $(157) $ 582 $ 126 $ (542)
Cash flow hedges:      
Amortization and unrealized gains (losses) on interest rate agreements, net of tax of $(15,432), $43,148 and $86,664 (53,395) 149,290 299,851
Total other comprehensive income (loss) (52,813) 149,416 299,309
Total comprehensive income 990,082 1,035,278 1,073,707
Distribution segment      
Operating revenues 3,912,134 4,096,661 4,031,936
Pipeline and storage segment      
Operating revenues 253,053 178,696 169,726
Operating Segments | Distribution segment      
Operating revenues 3,915,141 4,099,690 4,035,194
Purchased gas cost 1,620,515 2,061,920 2,210,302
Operation and maintenance expense 601,370 565,179 518,443
Depreciation and amortization expense 491,982 434,721 387,858
Taxes, other than income 346,840 345,244 314,046
Operating income 854,434 692,626 604,545
Other non-operating income 30,106 24,988 6,946
Interest charges 117,086 77,185 49,921
Income before income taxes 767,454 640,429 561,570
Income tax expense 96,041 60,032 39,593
Net income 671,413 580,397 521,977
Operating Segments | Pipeline and storage segment      
Operating revenues 938,029 785,174 693,660
Purchased gas cost 146 (1,220) (1,583)
Operation and maintenance expense 218,782 200,707 192,847
Depreciation and amortization expense 177,990 169,606 147,797
Taxes, other than income 40,183 41,560 38,162
Operating income 500,928 374,521 316,437
Other non-operating income 40,940 44,787 26,791
Interest charges 73,546 60,096 52,890
Income before income taxes 468,322 359,212 290,338
Income tax expense 96,840 53,747 37,917
Net income 371,482 305,465 252,421
Intersegment eliminations      
Operating revenues (687,983) (609,507) (527,192)
Purchased gas cost (686,968) (608,527) (526,063)
Operation and maintenance expense (1,015) (980) (1,129)
Depreciation and amortization expense 0 0 0
Taxes, other than income 0 0 0
Operating income 0 0 0
Other non-operating income 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
Intersegment eliminations | Distribution segment      
Operating revenues (3,007) (3,029) (3,258)
Intersegment eliminations | Pipeline and storage segment      
Operating revenues $ (684,976) $ (606,478) $ (523,934)