Segment Information (Tables)

6 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information, by Segment

Income statements and capital expenditures for the three and six months ended March 31, 2025 and 2024 by segment are presented in the following tables:


	Three Months Ended March 31, 2025
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	1,881,742	$	68,760	$	—	$	1,950,502
Intersegment revenues	786		190,239		(191,025)		—
Total operating revenues	1,882,528		258,999		(191,025)		1,950,502
Purchased gas cost	969,037		968		(190,772)		779,233
Operation and maintenance expense	181,887		51,662		(253)		233,296
Depreciation and amortization expense	134,546		48,204		—		182,750
Taxes, other than income	113,340		12,944		—		126,284
Operating income	483,718		145,221		—		628,939
Other non-operating income	13,444		10,728		—		24,172
Interest charges	30,087		19,927		—		50,014
Income before income taxes	467,075		136,022		—		603,097
Income tax expense	86,432		31,089		—		117,521
Net income	$	380,643	$	104,933	$	—	$	485,576
Capital expenditures	$	594,853	$	244,813	$	—	$	839,666


	Three Months Ended March 31, 2024
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	1,588,394	$	58,833	$	—	$	1,647,227
Intersegment revenues	787		164,654		(165,441)		—
Total operating revenues	1,589,181		223,487		(165,441)		1,647,227
Purchased gas cost	788,643		840		(165,188)		624,295
Operation and maintenance expense	154,956		45,196		(253)		199,899
Depreciation and amortization expense	121,384		43,703		—		165,087
Taxes, other than income	98,008		8,948		—		106,956
Operating income	426,190		124,800		—		550,990
Other non-operating income	9,359		7,328		—		16,687
Interest charges	36,784		18,658		—		55,442
Income before income taxes	398,765		113,470		—		512,235
Income tax expense	56,073		24,139		—		80,212
Net income	$	342,692	$	89,331	$	—	$	432,023
Capital expenditures	$	532,997	$	112,879	$	—	$	645,876



	Six Months Ended March 31, 2025
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	2,990,311	$	136,190	$	—	$	3,126,501
Intersegment revenues	1,552		378,199		(379,751)		—
Total operating revenues	2,991,863		514,389		(379,751)		3,126,501
Purchased gas cost	1,391,607		910		(379,236)		1,013,281
Operation and maintenance expense	336,401		104,454		(515)		440,340
Depreciation and amortization expense	268,173		95,110		—		363,283
Taxes, other than income	195,916		25,262		—		221,178
Operating income	799,766		288,653		—		1,088,419
Other non-operating income	23,528		25,278		—		48,806
Interest charges	64,336		38,603		—		102,939
Income before income taxes	758,958		275,328		—		1,034,286
Income tax expense	138,102		58,750		—		196,852
Net income	$	620,856	$	216,578	$	—	$	837,434
Capital expenditures	$	1,220,502	$	510,355	$	—	$	1,730,857



	Six Months Ended March 31, 2024
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	2,693,013	$	112,681	$	—	$	2,805,694
Intersegment revenues	1,506		321,975		(323,481)		—
Total operating revenues	2,694,519		434,656		(323,481)		2,805,694
Purchased gas cost	1,285,305		844		(322,985)		963,164
Operation and maintenance expense	282,571		84,169		(496)		366,244
Depreciation and amortization expense	241,069		88,626		—		329,695
Taxes, other than income	178,903		17,593		—		196,496
Operating income	706,671		243,424		—		950,095
Other non-operating income	15,198		19,375		—		34,573
Interest charges	71,365		35,952		—		107,317
Income before income taxes	650,504		226,847		—		877,351
Income tax expense	86,375		47,661		—		134,036
Net income	$	564,129	$	179,186	$	—	$	743,315
Capital expenditures	$	1,072,155	$	343,371	$	—	$	1,415,526

Balance sheet information at March 31, 2025 and September 30, 2024 by segment is presented in the following tables:


	March 31, 2025
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Net property, plant and equipment	$	17,422,364	$	6,209,859	$	—	$	23,632,223
Total assets	$	26,109,156	$	6,541,506	$	(5,670,281)	$	26,980,381


	September 30, 2024
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Net property, plant and equipment	$	16,372,659	$	5,831,708	$	—	$	22,204,367
Total assets	$	24,328,877	$	6,181,558	$	(5,315,970)	$	25,194,465