v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
OPERATING REVENUES        
Utility $ 640,922 $ 618,341 $ 1,050,823 $ 951,768
Nonutility 298,479 294,686 493,432 449,620
Total operating revenues 939,401 913,027 1,544,255 1,401,388
Natural gas purchases:        
Related parties 1,242 1,666 2,519 3,384
Operation and maintenance 112,496 111,041 199,177 199,673
Regulatory rider expenses 59,450 48,501 92,604 70,977
Depreciation and amortization 50,129 47,967 99,705 93,296
Gain on sale of assets 0 (688) 0 (55,547)
Total operating expenses 638,374 633,078 1,064,020 931,862
OPERATING INCOME 301,027 279,949 480,235 469,526
Other income, net 16,295 17,006 27,655 28,623
Interest expense, net of capitalized interest 34,975 32,527 70,651 66,418
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES 282,347 264,428 437,239 431,731
Income tax provision 66,176 61,593 100,401 98,977
Equity in earnings of affiliates 2,741 1,452 4,564 2,852
NET INCOME $ 218,912 $ 204,287 $ 341,402 $ 335,606
INCOME PER COMMON SHARE        
Basic (usd per share) $ 2.17 $ 2.04 $ 3.39 $ 3.35
Diluted (usd per share) $ 2.16 $ 2.02 $ 3.37 $ 3.33
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 100,849 100,291 100,775 100,073
Diluted (in shares) 101,482 100,933 101,388 100,705
Utility        
Natural gas purchases:        
Natural gas purchases $ 274,947 $ 272,974 $ 444,051 $ 400,654
Nonutility        
Natural gas purchases:        
Natural gas purchases $ 140,110 $ 151,617 $ 225,964 $ 219,425