v3.26.1
Segment Information (Tables)
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
Income statement information and capital expenditures for the three and nine months ended June 30, 2026 and 2025 by segment are presented in the following tables:
Three Months Ended June 30, 2026
DistributionPipeline and StorageTotal of Reportable Segments
(In thousands)
Operating revenues from external parties$773,909 $105,150 $879,059 
Intersegment revenues749 227,903 228,652 
Total operating revenues774,658 333,053 1,107,711 
Operation and maintenance expense169,195 55,474 224,669 
Depreciation and amortization expense (2)
148,349 53,172 201,521 
Interest charges (2)
12,870 20,274 33,144 
Income tax expense (2)
15,558 45,036 60,594 
Other segment items (1)
339,301 5,793 345,094 
Net income (2)
$89,385 $153,304 $242,689 
Capital expenditures (2)
$858,790 $180,556 $1,039,346 
Reconciliation to consolidated total operating revenues:
Total operating revenues of reportable segments$1,107,711 
Elimination of intersegment revenues(228,652)
Consolidated total operating revenues$879,059 

Three Months Ended June 30, 2025
DistributionPipeline and StorageTotal of Reportable Segments
(In thousands)
Operating revenues from external parties$766,380 $72,394 $838,774 
Intersegment revenues752 199,994 200,746 
Total operating revenues767,132 272,388 1,039,520 
Operation and maintenance expense165,979 55,497 221,476 
Depreciation and amortization expense (2)
137,106 48,680 185,786 
Interest charges (2)
22,271 19,266 41,537 
Income tax expense (2)
9,731 34,470 44,201 
Other segment items (1)
361,564 (1,473)360,091 
Net income (2)
$70,481 $115,948 $186,429 
Capital expenditures (2)
$669,452 $197,478 $866,930 
Reconciliation to consolidated total operating revenues:
Total operating revenues of reportable segments$1,039,520 
Elimination of intersegment revenues(200,746)
Consolidated total operating revenues$838,774 
Nine Months Ended June 30, 2026
DistributionPipeline and StorageTotal of Reportable Segments
(In thousands)
Operating revenues from external parties$3,908,869 $275,177 $4,184,046 
Intersegment revenues2,295 633,798 636,093 
Total operating revenues3,911,164 908,975 4,820,139 
Operation and maintenance expense490,481 141,120 631,601 
Depreciation and amortization expense (2)
441,088 150,765 591,853 
Interest charges (2)
66,445 48,843 115,288 
Income tax expense (2)
186,414 126,488 312,902 
Other segment items (1)
1,930,813 10,130 1,940,943 
Net income (2)
$795,923 $431,629 $1,227,552 
Capital expenditures (2)
$2,380,444 $695,837 $3,076,281 
Reconciliation to consolidated total operating revenues:
Total operating revenues of reportable segments$4,820,139 
Elimination of intersegment revenues(636,093)
Consolidated total operating revenues$4,184,046 

Nine Months Ended June 30, 2025
DistributionPipeline and StorageTotal of Reportable Segments
(In thousands)
Operating revenues from external parties$3,756,691 $208,584 $3,965,275 
Intersegment revenues2,304 578,193 580,497 
Total operating revenues3,758,995 786,777 4,545,772 
Operation and maintenance expense479,972 160,238 640,210 
Depreciation and amortization expense (2)
405,279 143,790 549,069 
Interest charges (2)
86,607 57,869 144,476 
Income tax expense (2)
147,833 93,220 241,053 
Other segment items (1)
1,947,967 (866)1,947,101 
Net income (2)
$691,337 $332,526 $1,023,863 
Capital expenditures (2)
$1,889,954 $707,833 $2,597,787 
Reconciliation to consolidated total operating revenues:
Total operating revenues of reportable segments$4,545,772 
Elimination of intersegment revenues(580,497)
Consolidated total operating revenues$3,965,275 
(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 agree to consolidated totals.
Balance sheet information at June 30, 2026 and September 30, 2025 by segment is presented in the following tables:
June 30, 2026
DistributionPipeline and StorageTotal of Reportable Segments
(In thousands)
Net property, plant and equipment (1)
$20,878,848 $7,136,762 $28,015,610 
Total assets$30,490,005 $7,539,119 $38,029,124 
Reconciliation to consolidated assets:
Total assets of reportable segments$38,029,124 
Elimination of intersegment assets(6,443,585)
Consolidated total assets$31,585,539 
September 30, 2025
DistributionPipeline and StorageTotal 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.