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Revenue from Contracts with Customers | 6 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following tables provide a disaggregation of the Company's revenues for the quarter and six months ended March 31, 2024 and 2023, presented by type of service from each reportable segment.
Quarter Ended March 31, 2024 (Thousands) |  |  |  |  |  |  |  |  |  |
Revenues By Type of Service | Exploration and Production |  | Pipeline and Storage |  | Gathering |  | Utility |  | All Other |  | Corporate and Intersegment Eliminations |  | Total Consolidated
Production of Natural Gas | $ | 203,198 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 203,198 |
Production of Crude Oil | 524 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 524 |
Natural Gas Processing | 303 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 303 |
Natural Gas Gathering Service | — |  |  | — |  |  | 63,993 |  |  | — |  |  | — |  |  | (60,076) |  |  | 3,917 |
Natural Gas Transportation Service | — |  |  | 81,273 |  |  | — |  |  | 37,841 |  |  | — |  |  | (25,852) |  |  | 93,262 |
Natural Gas Storage Service | — |  |  | 25,343 |  |  | — |  |  | — |  |  | — |  |  | (11,024) |  |  | 14,319 |
Natural Gas Residential Sales | — |  |  | — |  |  | — |  |  | 210,392 |  |  | — |  |  | — |  |  | 210,392 |
Natural Gas Commercial Sales | — |  |  | — |  |  | — |  |  | 30,815 |  |  | — |  |  | — |  |  | 30,815 |
Natural Gas Industrial Sales | — |  |  | — |  |  | — |  |  | 1,281 |  |  | — |  |  | (2) |  |  | 1,279 |
Other | 405 |  |  | 1,404 |  |  | — |  |  | (881) |  |  | — |  |  | (238) |  |  | 690 |
Total Revenues from Contracts with Customers | 204,430 |  |  | 108,020 |  |  | 63,993 |  |  | 279,448 |  |  | — |  |  | (97,192) |  |  | 558,699 |
Alternative Revenue Programs | — |  |  | — |  |  | — |  |  | 11,056 |  |  | — |  |  | — |  |  | 11,056 |
Derivative Financial Instruments | 60,184 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 60,184 |
Total Revenues | $ | 264,614 |  |  | $ | 108,020 |  |  | $ | 63,993 |  |  | $ | 290,504 |  |  | $ | — |  |  | $ | (97,192) |  |  | $ | 629,939 |
Six Months Ended March 31, 2024 (Thousands) |  |  |  |  |  |  |  |
Revenues By Type of Service | Exploration and Production |  | Pipeline and Storage |  | Gathering |  | Utility |  | All Other |  | Corporate and Intersegment Eliminations |  | Total Consolidated
Production of Natural Gas | $ | 435,859 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 435,859 |
Production of Crude Oil | 1,211 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,211 |
Natural Gas Processing | 570 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 570 |
Natural Gas Gathering Service | — |  |  | — |  |  | 126,581 |  |  | — |  |  | — |  |  | (118,068) |  |  | 8,513 |
Natural Gas Transportation Service | — |  |  | 152,891 |  |  | — |  |  | 67,126 |  |  | — |  |  | (46,214) |  |  | 173,803 |
Natural Gas Storage Service | — |  |  | 46,635 |  |  | — |  |  | — |  |  | — |  |  | (20,084) |  |  | 26,551 |
Natural Gas Residential Sales | — |  |  | — |  |  | — |  |  | 356,938 |  |  | — |  |  | — |  |  | 356,938 |
Natural Gas Commercial Sales | — |  |  | — |  |  | — |  |  | 51,096 |  |  | — |  |  | — |  |  | 51,096 |
Natural Gas Industrial Sales | — |  |  | — |  |  | — |  |  | 2,188 |  |  | — |  |  | (3) |  |  | 2,185 |
Other | 1,054 |  |  | 2,907 |  |  | — |  |  | (1,448) |  |  | — |  |  | (489) |  |  | 2,024 |
Total Revenues from Contracts with Customers | 438,694 |  |  | 202,433 |  |  | 126,581 |  |  | 475,900 |  |  | — |  |  | (184,858) |  |  | 1,058,750 |
Alternative Revenue Programs | — |  |  | — |  |  | — |  |  | 16,612 |  |  | — |  |  | — |  |  | 16,612 |
Derivative Financial Instruments | 79,939 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 79,939 |
Total Revenues | $ | 518,633 |  |  | $ | 202,433 |  |  | $ | 126,581 |  |  | $ | 492,512 |  |  | $ | — |  |  | $ | (184,858) |  |  | $ | 1,155,301 |
Quarter Ended March 31, 2023 (Thousands) |  |  |  |  |  |  |  |  |  |
Revenues By Type of Service | Exploration and Production |  | Pipeline and Storage |  | Gathering |  | Utility |  | All Other |  | Corporate and Intersegment Eliminations |  | Total Consolidated
Production of Natural Gas | $ | 259,770 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 259,770 |
Production of Crude Oil | 526 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 526 |
Natural Gas Processing | 209 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 209 |
Natural Gas Gathering Service | — |  |  | — |  |  | 56,981 |  |  | — |  |  | — |  |  | (55,253) |  |  | 1,728 |
Natural Gas Transportation Service | — |  |  | 73,794 |  |  | — |  |  | 35,796 |  |  | — |  |  | (21,751) |  |  | 87,839 |
Natural Gas Storage Service | — |  |  | 21,470 |  |  | — |  |  | — |  |  | — |  |  | (9,219) |  |  | 12,251 |
Natural Gas Residential Sales | — |  |  | — |  |  | — |  |  | 318,649 |  |  | — |  |  | — |  |  | 318,649 |
Natural Gas Commercial Sales | — |  |  | — |  |  | — |  |  | 48,966 |  |  | — |  |  | — |  |  | 48,966 |
Natural Gas Industrial Sales | — |  |  | — |  |  | — |  |  | 2,768 |  |  | — |  |  | (4) |  |  | 2,764 |
Other | 2,815 |  |  | (161) |  |  | — |  |  | (1,864) |  |  | — |  |  | (264) |  |  | 526 |
Total Revenues from Contracts with Customers | 263,320 |  |  | 95,103 |  |  | 56,981 |  |  | 404,315 |  |  | — |  |  | (86,491) |  |  | 733,228 |
Alternative Revenue Programs | — |  |  | — |  |  | — |  |  | 2,801 |  |  | — |  |  | — |  |  | 2,801 |
Derivative Financial Instruments | (18,768) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (18,768) |
Total Revenues | $ | 244,552 |  |  | $ | 95,103 |  |  | $ | 56,981 |  |  | $ | 407,116 |  |  | $ | — |  |  | $ | (86,491) |  |  | $ | 717,261 |
Six Months Ended March 31, 2023 (Thousands) |  |  |  |  |  |  |  |
Revenues By Type of Service | Exploration and Production |  | Pipeline and Storage |  | Gathering |  | Utility |  | All Other |  | Corporate and Intersegment Eliminations |  | Total Consolidated
Production of Natural Gas | $ | 692,129 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 692,129 |
Production of Crude Oil | 1,154 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,154 |
Natural Gas Processing | 583 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 583 |
Natural Gas Gathering Service | — |  |  | — |  |  | 113,394 |  |  | — |  |  | — |  |  | (109,020) |  |  | 4,374 |
Natural Gas Transportation Service | — |  |  | 149,996 |  |  | — |  |  | 64,174 |  |  | — |  |  | (42,568) |  |  | 171,602 |
Natural Gas Storage Service | — |  |  | 42,756 |  |  | — |  |  | — |  |  | — |  |  | (18,215) |  |  | 24,541 |
Natural Gas Residential Sales | — |  |  | — |  |  | — |  |  | 562,955 |  |  | — |  |  | — |  |  | 562,955 |
Natural Gas Commercial Sales | — |  |  | — |  |  | — |  |  | 83,461 |  |  | — |  |  | — |  |  | 83,461 |
Natural Gas Industrial Sales | — |  |  | — |  |  | — |  |  | 4,407 |  |  | — |  |  | (4) |  |  | 4,403 |
Other | 5,589 |  |  | 7 |  |  | — |  |  | (2,124) |  |  | — |  |  | (548) |  |  | 2,924 |
Total Revenues from Contracts with Customers | 699,455 |  |  | 192,759 |  |  | 113,394 |  |  | 712,873 |  |  | — |  |  | (170,355) |  |  | 1,548,126 |
Alternative Revenue Programs | — |  |  | — |  |  | — |  |  | 5,923 |  |  | — |  |  | — |  |  | 5,923 |
Derivative Financial Instruments | (177,930) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (177,930) |
Total Revenues | $ | 521,525 |  |  | $ | 192,759 |  |  | $ | 113,394 |  |  | $ | 718,796 |  |  | $ | — |  |  | $ | (170,355) |  |  | $ | 1,376,119 |
The Company records revenue related to its derivative financial instruments in the Exploration and Production segment. The Company also records revenue related to alternative revenue programs in its Utility segment. Revenue related to derivative financial instruments and alternative revenue programs are excluded from the scope of the authoritative guidance regarding revenue recognition since they are accounted for under other existing accounting guidance. The Company’s Pipeline and Storage segment expects to recognize the following revenue amounts in future periods related to “fixed” charges associated with remaining performance obligations for transportation and storage contracts: $115.9 million for the remainder of fiscal 2024; $220.7 million for fiscal 2025; $172.5 million for fiscal 2026; $135.5 million for fiscal 2027; $116.7 million for fiscal 2028; and $612.0 million thereafter.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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