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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables)
 6 Months Ended
Mar. 31, 2014
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
Six Months Ended
 
March 31,
March 31,
(Thousands)
2014
2013
2014
2013
Operating revenues
 
 
 
 
Natural Gas Distribution
 
 
 
 
External customers
$
394,528

$
351,750

$
627,997

$
570,599

Energy Services
 
 
 
 
External customers (1)
1,173,835

599,362

1,807,526

1,102,997

Intercompany
67,749

4,444

71,767

4,551

Clean Energy Ventures
 
 
 
 
External customers
2,679

1,440

4,852

4,619

Subtotal
1,638,791

956,996

2,512,142

1,682,766

Retail and Other
 
 
 
 
External customers
8,527

8,334

17,599

18,689

Intercompany
297

186

499

449

Eliminations
(68,046
)
(4,631
)
(72,266
)
(5,000
)
Total
$
1,579,569

$
960,885

$
2,457,974

$
1,696,904

Depreciation and amortization
 
 
 
 
Natural Gas Distribution
$
9,972

$
9,399

$
19,807

$
18,676

Energy Services
13

11

25

22

Clean Energy Ventures
2,635

2,104

5,146

3,935

Midstream
2

1

3

3

Subtotal
12,622

11,515

24,981

22,636

Retail and Other
208

199

415

390

Eliminations
(2
)
7

(2
)
(2
)
Total
$
12,828

$
11,721

$
25,394

$
23,024

Interest income (2)
 
 
 
 
Natural Gas Distribution
$
181

$
146

$
442

$
313

Midstream
270

263

538

534

Subtotal
451

409

980

847

Retail and Other
—

1

—

2

Eliminations
(235
)
(218
)
(468
)
(450
)
Total
$
216

$
192

$
512

$
399

(1)
Includes sales to Canada, which accounted for 4 percent and 6.9 percent of total operating revenues during the six months ended March 31, 2014 and 2013, respectively.
(2)
Included in other income on the Unaudited Condensed Consolidated Statements of Operations.
 
Three Months Ended
Six Months Ended
 
March 31,
March 31,
(Thousands)
2014
2013
2014
2013
Interest expense, net of capitalized interest
 
 
 
 
Natural Gas Distribution
$
3,888

$
3,549

$
7,872

$
7,133

Energy Services
661

640

1,277

1,208

Clean Energy Ventures
1,249

822

2,435

1,605

Midstream
377

476

775

1,067

Subtotal
6,175

5,487

12,359

11,013

Retail and Other
131

259

242

558

Total
$
6,306

$
5,746

$
12,601

$
11,571

Income tax provision (benefit)
 
 
 
 
Natural Gas Distribution
$
23,725

$
22,794

$
37,908

$
37,301

Energy Services
64,345

(5,203
)
53,072

10,961

Clean Energy Ventures
(17,388
)
(6,457
)
(19,432
)
(14,226
)
Midstream
1,573

1,619

2,569

2,862

Subtotal
72,255

12,753

74,117

36,898

Retail and Other
(1,129
)
(906
)
(1,320
)
(1,029
)
Eliminations
554

218

388

176

Total
$
71,680

$
12,065

$
73,185

$
36,045

Equity in earnings of affiliates
 
 
 
 
Midstream
$
4,141

$
4,469

$
7,083

$
7,960

Eliminations
(908
)
(939
)
(1,708
)
(1,875
)
Total
$
3,233

$
3,530

$
5,375

$
6,085

Net financial earnings (loss)
 
 
 
 
Natural Gas Distribution
$
47,043

$
45,917

$
74,682

$
71,409

Energy Services
91,407

16,368

98,781

19,382

Clean Energy Ventures
12,807

5,154

16,421

10,459

Midstream
2,254

2,274

3,688

4,059

Subtotal
153,511

69,713

193,572

105,309

Retail and Other
(1,576
)
(1,037
)
(1,777
)
(1,131
)
Eliminations
(15
)
(12
)
(15
)
(21
)
Total
$
151,920

$
68,664

$
191,780

$
104,157

Capital expenditures
 
 
 
 
Natural Gas Distribution
$
35,484

$
31,554

$
70,885

$
65,699

Clean Energy Ventures
20,486

9,545

45,403

24,865

Subtotal
55,970

41,099

116,288

90,564

Retail and Other
272

144

477

298

Total
$
56,242

$
41,243

$
116,765

$
90,862
Reconciliation of Consolidated Net Financial Earnings to Consolidated Net Income
A reconciliation of consolidated NFE to consolidated net income is as follows:
 
Three Months Ended
Six Months Ended
 
March 31,
March 31,
(Thousands)
2014
2013
2014
2013
Consolidated net financial earnings
$
151,920

$
68,664

$
191,780

$
104,157

Less:
 
 
 
 
Unrealized (gain) loss from derivative instruments and related transactions (1)
(13,256
)
38,800

52,395

20,466

Effects of economic hedging related to natural gas inventory
(18,668
)
(2,117
)
(41,548
)
(22,865
)
Tax adjustments
10,873

(13,488
)
269

881

Consolidated net income
$
172,971

$
45,469

$
180,664

$
105,675


(1)
Excludes unrealized losses related to an intercompany transaction between NJNG and NJRES that have been eliminated in consolidation of approximately $(957,000) and $(377,000) for the three months ended and $(672,000) and $(310,000) for the six months ended March 31, 2014 and 2013, respectively.
Reconciliation of Assets from Segment to Consolidated
The Company's assets for the various business segments and business operations are detailed below:
(Thousands)
March 31,
2014
September 30,
2013
Assets at end of period:
 
 
Natural Gas Distribution
$
2,157,317

$
2,094,940

Energy Services
546,010

468,096

Clean Energy Ventures
312,258

253,663

Midstream
153,050

153,536

Subtotal
3,168,635

2,970,235

Retail and Other
89,810

85,293

Intercompany assets (1)
(97,235
)
(50,745
)
Total
$
3,161,210

$
3,004,783

(1)
Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.