| Schedule of Segment Reporting Information, by Segment |
Income statement information and capital expenditures for the three and six months ended March 31, 2026 and 2025 by segment are presented in the following tables: | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | | Distribution | | Pipeline and Storage | | Total of Reportable Segments | | | (In thousands) | | Operating revenues from external parties | $ | 1,876,911 | | | $ | 85,491 | | | $ | 1,962,402 | | | Intersegment revenues | 769 | | | 203,798 | | | 204,567 | | | Total operating revenues | 1,877,680 | | | 289,289 | | | 2,166,969 | | | Operation and maintenance expense | 155,918 | | | 27,054 | | | 182,972 | | Depreciation and amortization expense (2) | 146,751 | | | 48,936 | | | 195,687 | | Interest charges (2) | 29,130 | | | 19,601 | | | 48,731 | | Income tax expense (2) | 109,714 | | | 41,976 | | | 151,690 | | Other segment items (1) | 998,864 | | | 7,126 | | | 1,005,990 | | Net income (2) | $ | 437,303 | | | $ | 144,596 | | | $ | 581,899 | | Capital expenditures (2) | $ | 717,079 | | | $ | 286,510 | | | $ | 1,003,589 | | | Reconciliation to consolidated total operating revenues: | | | | | | | Total operating revenues of reportable segments | | | | | $ | 2,166,969 | | | Elimination of intersegment revenues | | | | | (204,567) | | | Consolidated total operating revenues | | | | | $ | 1,962,402 | |
| | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | | Distribution | | Pipeline and Storage | | Total of Reportable Segments | | | (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 | | | 2,141,527 | | | Operation and maintenance expense | 168,097 | | | 52,007 | | | 220,104 | | Depreciation and amortization expense (2) | 134,546 | | | 48,204 | | | 182,750 | | Interest charges (2) | 30,087 | | | 19,927 | | | 50,014 | | Income tax expense (2) | 86,432 | | | 31,089 | | | 117,521 | | Other segment items (1) | 1,082,723 | | | 2,839 | | | 1,085,562 | | Net income (2) | $ | 380,643 | | | $ | 104,933 | | | $ | 485,576 | | Capital expenditures (2) | $ | 594,853 | | | $ | 244,813 | | | $ | 839,666 | | | Reconciliation to consolidated total operating revenues: | | | | | | | Total operating revenues of reportable segments | | | | | $ | 2,141,527 | | | Elimination of intersegment revenues | | | | | (191,025) | | | Consolidated total operating revenues | | | | | $ | 1,950,502 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended March 31, 2026 | | | Distribution | | Pipeline and Storage | | Total of Reportable Segments | | | (In thousands) | | Operating revenues from external parties | $ | 3,134,960 | | | $ | 170,027 | | | $ | 3,304,987 | | | Intersegment revenues | 1,546 | | | 405,895 | | | 407,441 | | | Total operating revenues | 3,136,506 | | | 575,922 | | | 3,712,428 | | | Operation and maintenance expense | 321,286 | | | 85,646 | | | 406,932 | | Depreciation and amortization expense (2) | 292,739 | | | 97,593 | | | 390,332 | | Interest charges (2) | 53,575 | | | 28,569 | | | 82,144 | | Income tax expense (2) | 170,856 | | | 81,452 | | | 252,308 | | Other segment items (1) | 1,591,512 | | | 4,337 | | | 1,595,849 | | Net income (2) | $ | 706,538 | | | $ | 278,325 | | | $ | 984,863 | | Capital expenditures (2) | $ | 1,521,654 | | | $ | 515,281 | | | $ | 2,036,935 | | | Reconciliation to consolidated total operating revenues: | | | | | | | Total operating revenues of reportable segments | | | | | $ | 3,712,428 | | | Elimination of intersegment revenues | | | | | (407,441) | | | Consolidated total operating revenues | | | | | $ | 3,304,987 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended March 31, 2025 | | | Distribution | | Pipeline and Storage | | Total of Reportable Segments | | | (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 | | | 3,506,252 | | | Operation and maintenance expense | 313,993 | | | 104,741 | | | 418,734 | | Depreciation and amortization expense (2) | 268,173 | | | 95,110 | | | 363,283 | | Interest charges (2) | 64,336 | | | 38,603 | | | 102,939 | | Income tax expense (2) | 138,102 | | | 58,750 | | | 196,852 | | Other segment items (1) | 1,586,403 | | | 607 | | | 1,587,010 | | Net income (2) | $ | 620,856 | | | $ | 216,578 | | | $ | 837,434 | | Capital expenditures (2) | $ | 1,220,502 | | | $ | 510,355 | | | $ | 1,730,857 | | | Reconciliation to consolidated total operating revenues: | | | | | | | Total operating revenues of reportable segments | | | | | $ | 3,506,252 | | | Elimination of intersegment revenues | | | | | (379,751) | | | Consolidated total operating revenues | | | | | $ | 3,126,501 | |
(1)Other segment items consist of purchased gas cost, bad debt expense, taxes other than income taxes, the equity component of AFUDC, community support spending, and other segment income or expense deemed insignificant which are used to reach net income, our measurement of segment profit or loss. (2)The totals of reportable segments for these items reconcile to consolidated totals. Balance sheet information at March 31, 2026 and September 30, 2025 by segment is presented in the following tables: | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | | Distribution | | Pipeline and Storage | | Total of Reportable Segments | | | (In thousands) | Net property, plant and equipment (1) | $ | 20,101,608 | | | $ | 6,968,336 | | | $ | 27,069,944 | | | Total assets | $ | 29,384,731 | | | $ | 7,408,408 | | | $ | 36,793,139 | | | Reconciliation to consolidated assets: | | | | | | | Total assets of reportable segments | | | | | $ | 36,793,139 | | | Elimination of intersegment assets | | | | | (6,413,043) | | | Consolidated total assets | | | | | $ | 30,380,096 | |
| | | | | | | | | | | | | | | | | | | | September 30, 2025 | | | Distribution | | Pipeline and Storage | | Total of Reportable Segments | | | (In thousands) | Net property, plant and equipment (1) | $ | 18,765,128 | | | $ | 6,527,862 | | | $ | 25,292,990 | | | Total assets | $ | 27,296,805 | | | $ | 6,896,646 | | | $ | 34,193,451 | | | Reconciliation to consolidated assets: | | | | | | | Total assets of reportable segments | | | | | $ | 34,193,451 | | | Elimination of intersegment assets | | | | | (5,943,929) | | | Consolidated total assets | | | | | $ | 28,249,522 | |
(1)The total of reportable segments for this item reconciles to consolidated total.
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