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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables) | 9 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information related to the Company's various business segments and other operations is detailed below:
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2013 | 2012 | 2013 | 2012
Operating revenues |  |  |  |
Natural Gas Distribution |  |  |  |
External customers | $ | 119,022 |  | $ | 106,764 |  | $ | 689,621 |  | $ | 524,161 |
Clean Energy Ventures |  |  |  |
External customers | 2,563 |  | 370 |  | 7,182 |  | 1,277 |
Energy Services |  |  |  |
External customers | 632,414 |  | 306,273 |  | 1,735,411 |  | 1,126,435 |
Intercompany | 1,119 |  | (32 | ) | 5,670 |  | 2,816 |
Segment subtotal | 755,118 |  | 413,375 |  | 2,437,884 |  | 1,654,689 |
Retail and Other |  |  |  |
External customers | 13,470 |  | 11,714 |  | 32,159 |  | 28,580 |
Intercompany | 234 |  | 278 |  | 683 |  | 720 |
Eliminations | (1,353 | ) | (246 | ) | (6,353 | ) | (3,536 | )
Total | $ | 767,469 |  | $ | 425,121 |  | $ | 2,464,373 |  | $ | 1,680,453 |
Depreciation and amortization |  |  |  |
Natural Gas Distribution | $ | 9,537 |  | $ | 8,860 |  | $ | 28,213 |  | $ | 26,241 |
Clean Energy Ventures | 2,196 |  | 1,632 |  | 6,131 |  | 3,953 |
Energy Services | 10 |  | 16 |  | 32 |  | 48 |
Midstream Investments | 2 |  | 1 |  | 5 |  | 4 |
Segment subtotal | 11,745 |  | 10,509 |  | 34,381 |  | 30,246 |
Retail and Other | 196 |  | 178 |  | 586 |  | 480 |
Eliminations | 1 |  | — |  | (1 | ) | — |
Total | $ | 11,942 |  | $ | 10,687 |  | $ | 34,966 |  | $ | 30,726 |
Interest income (1) |  |  |  |
Natural Gas Distribution | $ | 146 |  | $ | 223 |  | $ | 459 |  | $ | 683 |
Energy Services | — |  | 10 |  | — |  | 36 |
Midstream Investments | 265 |  | 267 |  | 799 |  | 800 |
Segment subtotal | 411 |  | 500 |  | 1,258 |  | 1,519 |
Retail and Other | (1 | ) | 1 |  | 1 |  | 2 |
Eliminations | (217 | ) | (248 | ) | (667 | ) | (751 | )
Total | $ | 193 |  | $ | 253 |  | $ | 592 |  | $ | 770 |
(1) | Included in other income on the Unaudited Condensed Consolidated Statements of Operations.
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2013 | 2012 | 2013 | 2012
Interest expense, net of capitalized interest |  |  |  |
Natural Gas Distribution | $ | 3,796 |  | $ | 3,717 |  | $ | 10,929 |  | $ | 11,167 |
Clean Energy Ventures | 870 |  | 190 |  | 2,475 |  | 530 |
Energy Services | 615 |  | 214 |  | 1,823 |  | 729 |
Midstream Investments | 466 |  | 653 |  | 1,533 |  | 2,050 |
Segment subtotal | 5,747 |  | 4,774 |  | 16,760 |  | 14,476 |
Retail and Other | 261 |  | 60 |  | 819 |  | 790 |
Total | $ | 6,008 |  | $ | 4,834 |  | $ | 17,579 |  | $ | 15,266 |
Income tax provision (benefit) |  |  |  |
Natural Gas Distribution | $ | 1,788 |  | $ | 1,114 |  | $ | 39,089 |  | $ | 43,726 |
Clean Energy Ventures | (1,477 | ) | (3,013 | ) | (15,703 | ) | (30,010 | )
Energy Services | 12,945 |  | (11,511 | ) | 23,906 |  | (2,108 | )
Midstream Investments | 1,073 |  | 1,126 |  | 3,935 |  | 3,750 |
Segment subtotal | 14,329 |  | (12,284 | ) | 51,227 |  | 15,358 |
Retail and Other | 1,378 |  | 1,056 |  | 349 |  | 685 |
Eliminations | (410 | ) | (2 | ) | (234 | ) | (142 | )
Total | $ | 15,297 |  | $ | (11,230 | ) | $ | 51,342 |  | $ | 15,901 |
Equity in earnings of affiliates |  |  |  |
Midstream Investments | $ | 3,052 |  | $ | 3,547 |  | $ | 11,012 |  | $ | 11,129 |
Eliminations | (830 | ) | (903 | ) | (2,705 | ) | (2,813 | )
Total | $ | 2,222 |  | $ | 2,644 |  | $ | 8,307 |  | $ | 8,316 |
Net financial earnings (loss) |  |  |  |
Natural Gas Distribution | $ | 5,528 |  | $ | 7,545 |  | $ | 76,937 |  | $ | 78,455 |
Clean Energy Ventures | (1,381 | ) | (1,157 | ) | 9,078 |  | 20,802 |
Energy Services | 2,097 |  | (5,425 | ) | 21,479 |  | 18,061 |
Midstream Investments | 1,541 |  | 1,634 |  | 5,600 |  | 5,438 |
Segment subtotal | 7,785 |  | 2,597 |  | 113,094 |  | 122,756 |
Retail and Other | 1,944 |  | 1,549 |  | 813 |  | 860 |
Eliminations | 9 |  | (16 | ) | (12 | ) | (52 | )
Total | $ | 9,738 |  | $ | 4,130 |  | $ | 113,895 |  | $ | 123,564 |
Capital expenditures |  |  |  |
Natural Gas Distribution | $ | 29,141 |  | $ | 33,405 |  | $ | 94,840 |  | $ | 82,550 |
Clean Energy Ventures | 14,891 |  | 13,457 |  | 39,756 |  | 75,243 |
Segment subtotal | 44,032 |  | 46,862 |  | 134,596 |  | 157,793 |
Retail and Other | 234 |  | 109 |  | 532 |  | 568 |
Total | $ | 44,266 |  | $ | 46,971 |  | $ | 135,128 |  | $ | 158,361 |
Reconciliation of Consolidated Net Financial Earnings to Consolidated Net Income | A reconciliation of consolidated net financial earnings to consolidated net income is as follows:
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2013 | 2012 | 2013 | 2012
Consolidated net financial earnings | $ | 9,738 |  | $ | 4,130 |  | $ | 113,895 |  | $ | 123,564 |
Less: |  |  |  |
Unrealized (gain) loss from derivative instruments and related transactions, net of taxes (1) (2) | (27,915 | ) | 20,834 |  | (14,975 | ) | 11,126 |
Effects of economic hedging related to natural gas inventory, net of taxes (3) | 8,498 |  | (6,384 | ) | (5,960 | ) | 10,866 |
Consolidated net income (loss) | $ | 29,155 |  | $ | (10,320 | ) | $ | 134,830 |  | $ | 101,572 |
(1) | Excludes unrealized losses (gains) related to an intercompany transaction between NJNG and NJRES that have been eliminated in consolidation of approximately $708,000 and $(20,000) for the three months ended and $398,000 and $177,000 for the nine months ended June 30, 2013 and 2012, respectively.
(2) | Amounts are net of taxes of approximately $(17.1) million and $12.1 million, for the three months ended and $(9.2) million and $6.3 million for the nine months ended June 30, 2013 and 2012, respectively.
(3) | Amounts are net of taxes of approximately $4.9 million and $(3.7) million for the three months ended and $(3.5) million and $6.3 million for the nine months ended June 30, 2013 and 2012, respectively.
Reconciliation of Assets from Segment to Consolidated | The Company's assets for the various business segments and business operations are detailed below:
(Thousands) | June 30, 2013 | September 30, 2012
Assets at end of period: |  |
Natural Gas Distribution | $ | 2,062,913 |  | $ | 2,005,520 |
Clean Energy Ventures | 253,680 |  | 223,247 |
Energy Services | 497,941 |  | 347,406 |
Midstream Investments | 156,135 |  | 157,779 |
Segment subtotal | 2,970,669 |  | 2,733,952 |
Retail and Other | 86,920 |  | 73,298 |
Eliminations (1) | (66,394 | ) | (37,245 | )
Total | $ | 2,991,195 |  | $ | 2,770,005 |
(1) | Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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