Segment Information (Tables)

9 Months Ended

Jun. 30, 2025

Schedule of Segment Reporting Information, by Segment

Income statements and capital expenditures for the three and nine months ended June 30, 2025 and 2024 by segment are presented in the following tables:


	Three Months Ended June 30, 2025
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	766,380	$	72,394	$	—	$	838,774
Intersegment revenues	752		199,994		(200,746)		—
Total operating revenues	767,132		272,388		(200,746)		838,774
Purchased gas cost	255,883		(1,548)		(200,495)		53,840
Operation and maintenance expense	166,744		55,607		(251)		222,100
Depreciation and amortization expense	137,106		48,680		—		185,786
Taxes, other than income	111,933		13,048		—		124,981
Operating income	95,466		156,601		—		252,067
Other non-operating income	7,017		13,083		—		20,100
Interest charges	22,271		19,266		—		41,537
Income before income taxes	80,212		150,418		—		230,630
Income tax expense	9,731		34,470		—		44,201
Net income	$	70,481	$	115,948	$	—	$	186,429
Capital expenditures	$	669,452	$	197,478	$	—	$	866,930


	Three Months Ended June 30, 2024
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	632,446	$	69,103	$	—	$	701,549
Intersegment revenues	765		181,577		(182,342)		—
Total operating revenues	633,211		250,680		(182,342)		701,549
Purchased gas cost	179,510		(19)		(182,084)		(2,593)
Operation and maintenance expense	153,140		58,427		(258)		211,309
Depreciation and amortization expense	122,912		43,915		—		166,827
Taxes, other than income	94,527		11,212		—		105,739
Operating income	83,122		137,145		—		220,267
Other non-operating income	11,452		8,446		—		19,898
Interest charges	22,550		18,610		—		41,160
Income before income taxes	72,024		126,981		—		199,005
Income tax expense	6,175		27,266		—		33,441
Net income	$	65,849	$	99,715	$	—	$	165,564
Capital expenditures	$	587,062	$	126,549	$	—	$	713,611



	Nine Months Ended June 30, 2025
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	3,756,691	$	208,584	$	—	$	3,965,275
Intersegment revenues	2,304		578,193		(580,497)		—
Total operating revenues	3,758,995		786,777		(580,497)		3,965,275
Purchased gas cost	1,647,490		(638)		(579,731)		1,067,121
Operation and maintenance expense	503,145		160,061		(766)		662,440
Depreciation and amortization expense	405,279		143,790		—		549,069
Taxes, other than income	307,849		38,310		—		346,159
Operating income	895,232		445,254		—		1,340,486
Other non-operating income	30,545		38,361		—		68,906
Interest charges	86,607		57,869		—		144,476
Income before income taxes	839,170		425,746		—		1,264,916
Income tax expense	147,833		93,220		—		241,053
Net income	$	691,337	$	332,526	$	—	$	1,023,863
Capital expenditures	$	1,889,954	$	707,833	$	—	$	2,597,787



	Nine Months Ended June 30, 2024
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Operating revenues from external parties	$	3,325,459	$	181,784	$	—	$	3,507,243
Intersegment revenues	2,271		503,552		(505,823)		—
Total operating revenues	3,327,730		685,336		(505,823)		3,507,243
Purchased gas cost	1,464,815		825		(505,069)		960,571
Operation and maintenance expense	435,711		142,596		(754)		577,553
Depreciation and amortization expense	363,981		132,541		—		496,522
Taxes, other than income	273,430		28,805		—		302,235
Operating income	789,793		380,569		—		1,170,362
Other non-operating income	26,650		27,821		—		54,471
Interest charges	93,915		54,562		—		148,477
Income before income taxes	722,528		353,828		—		1,076,356
Income tax expense	92,550		74,927		—		167,477
Net income	$	629,978	$	278,901	$	—	$	908,879
Capital expenditures	$	1,659,217	$	469,920	$	—	$	2,129,137

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


	June 30, 2025
	Distribution		Pipeline and Storage		Eliminations		Consolidated
	(In thousands)
Net property, plant and equipment	$	18,010,431	$	6,367,712	$	—	$	24,378,143
Total assets	$	26,806,555	$	6,705,835	$	(5,799,863)	$	27,712,527


	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