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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables) | 6 Months Ended
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Mar. 31, 2015
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) | 2015 | 2014 | 2015 | 2014
Operating revenues |  |  |  |
Natural Gas Distribution |  |  |  |
External customers | $ | 374,703 |  | $ | 394,528 |  | $ | 583,430 |  | $ | 627,997 |
Energy Services |  |  |  |
External customers (1) | 626,107 |  | 1,173,835 |  | 1,226,669 |  | 1,807,526 |
Intercompany | 56,097 |  | 67,749 |  | 59,223 |  | 71,767 |
Clean Energy Ventures |  |  |  |
External customers | 4,068 |  | 2,679 |  | 10,303 |  | 4,852 |
Subtotal | 1,060,975 |  | 1,638,791 |  | 1,879,625 |  | 2,512,142 |
Home Services and Other |  |  |  |
External customers | 8,212 |  | 8,527 |  | 16,812 |  | 17,599 |
Intercompany | 375 |  | 297 |  | 786 |  | 499 |
Eliminations | (56,472 | ) | (68,046 | ) | (60,009 | ) | (72,266 | )
Total | $ | 1,013,090 |  | $ | 1,579,569 |  | $ | 1,837,214 |  | $ | 2,457,974 |
Depreciation and amortization |  |  |  |
Natural Gas Distribution | $ | 10,647 |  | $ | 9,972 |  | $ | 21,192 |  | $ | 19,807 |
Energy Services | 23 |  | 13 |  | 45 |  | 25 |
Clean Energy Ventures | 4,297 |  | 2,635 |  | 7,888 |  | 5,146 |
Midstream | 1 |  | 2 |  | 3 |  | 3 |
Subtotal | 14,968 |  | 12,622 |  | 29,128 |  | 24,981 |
Home Services and Other | 238 |  | 208 |  | 476 |  | 415 |
Eliminations | (2 | ) | (2 | ) | (14 | ) | (2 | )
Total | $ | 15,204 |  | $ | 12,828 |  | $ | 29,590 |  | $ | 25,394 |
Interest income (2) |  |  |  |
Natural Gas Distribution | $ | 10 |  | $ | 181 |  | $ | 100 |  | $ | 442 |
Energy Services | 13 |  | — |  | 13 |  | — |
Clean Energy Ventures | 22 |  | — |  | 22 |  | — |
Midstream | 242 |  | 270 |  | 481 |  | 538 |
Subtotal | 287 |  | 451 |  | 616 |  | 980 |
Home Services and Other | 201 |  | — |  | 201 |  | — |
Eliminations | (242 | ) | (235 | ) | (481 | ) | (468 | )
Total | $ | 246 |  | $ | 216 |  | $ | 336 |  | $ | 512 |
(1) | Includes sales to Canada, which accounted for 4.4 percent and 4 percent of total operating revenues during the six months ended March 31, 2015 and 2014, 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) | 2015 | 2014 | 2015 | 2014
Interest expense, net of capitalized interest |  |  |  |
Natural Gas Distribution | $ | 4,388 |  | $ | 3,888 |  | $ | 8,997 |  | $ | 7,872 |
Energy Services | 288 |  | 661 |  | 801 |  | 1,277 |
Clean Energy Ventures | 1,661 |  | 1,249 |  | 3,478 |  | 2,435 |
Midstream | 210 |  | 377 |  | 460 |  | 775 |
Subtotal | 6,547 |  | 6,175 |  | 13,736 |  | 12,359 |
Home Services and Other | (64 | ) | 131 |  | (58 | ) | 242 |
Total | $ | 6,483 |  | $ | 6,306 |  | $ | 13,678 |  | $ | 12,601 |
Income tax provision (benefit) |  |  |  |
Natural Gas Distribution | $ | 23,778 |  | $ | 23,725 |  | $ | 37,944 |  | $ | 37,908 |
Energy Services | 3,923 |  | 64,345 |  | 49,800 |  | 53,072 |
Clean Energy Ventures | (9,042 | ) | (17,388 | ) | (28,763 | ) | (19,432 | )
Midstream | 1,819 |  | 1,573 |  | 3,311 |  | 2,569 |
Subtotal | 20,478 |  | 72,255 |  | 62,292 |  | 74,117 |
Home Services and Other | (972 | ) | (1,129 | ) | (1,424 | ) | (1,320 | )
Eliminations | 638 |  | 554 |  | 143 |  | 388 |
Total | $ | 20,144 |  | $ | 71,680 |  | $ | 61,011 |  | $ | 73,185 |
Equity in earnings of affiliates |  |  |  |
Midstream | $ | 4,581 |  | $ | 4,141 |  | $ | 8,356 |  | $ | 7,083 |
Eliminations | (994 | ) | (908 | ) | (1,974 | ) | (1,708 | )
Total | $ | 3,587 |  | $ | 3,233 |  | $ | 6,382 |  | $ | 5,375 |
Net financial earnings (loss) |  |  |  |
Natural Gas Distribution | $ | 48,594 |  | $ | 47,043 |  | $ | 76,780 |  | $ | 74,682 |
Energy Services | 36,316 |  | 91,407 |  | 52,752 |  | 98,781 |
Clean Energy Ventures | 13,010 |  | 12,807 |  | 22,018 |  | 16,421 |
Midstream | 2,604 |  | 2,254 |  | 4,724 |  | 3,688 |
Subtotal | 100,524 |  | 153,511 |  | 156,274 |  | 193,572 |
Home Services and Other | (1,359 | ) | (1,576 | ) | (1,951 | ) | (1,777 | )
Eliminations | (22 | ) | (15 | ) | (70 | ) | (15 | )
Total | $ | 99,143 |  | $ | 151,920 |  | $ | 154,253 |  | $ | 191,780 |
Capital expenditures |  |  |  |
Natural Gas Distribution | $ | 33,243 |  | $ | 35,484 |  | $ | 69,991 |  | $ | 70,885 |
Clean Energy Ventures | 33,025 |  | 20,486 |  | 88,370 |  | 45,403 |
Subtotal | 66,268 |  | 55,970 |  | 158,361 |  | 116,288 |
Home Services and Other | 50 |  | 272 |  | 61 |  | 477 |
Total | $ | 66,318 |  | $ | 56,242 |  | $ | 158,422 |  | $ | 116,765 |
Investments in equity investees |  |  |  |
Midstream | $ | 717 |  | $ | — |  | $ | 1,264 |  | $ | — |
Total | $ | 717 |  | $ | — |  | $ | 1,264 |  | $ | — |
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) | 2015 | 2014 | 2015 | 2014
Consolidated net financial earnings | $ | 99,143 |  | $ | 151,920 |  | $ | 154,253 |  | $ | 191,780 |
Less: |  |  |  |
Unrealized loss (gain) from derivative instruments and related transactions | 68,474 |  | (13,256 | ) | (20,198 | ) | 52,395 |
Effects of economic hedging related to natural gas inventory | (23,450 | ) | (18,668 | ) | (32,215 | ) | (41,548 | )
Tax adjustments | (6,784 | ) | 10,873 |  | 22,443 |  | 269 |
Consolidated net income | $ | 60,903 |  | $ | 172,971 |  | $ | 184,223 |  | $ | 180,664 |
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, 2015 | September 30, 2014
Assets at end of period: |  |
Natural Gas Distribution | $ | 2,268,272 |  | $ | 2,143,684 |
Energy Services | 334,123 |  | 457,080 |
Clean Energy Ventures | 473,136 |  | 380,707 |
Midstream | 151,811 |  | 153,891 |
Subtotal | 3,227,342 |  | 3,135,362 |
Home Services and Other | 167,610 |  | 82,413 |
Intercompany assets (1) | (61,571 | ) | (58,971 | )
Total | $ | 3,333,381 |  | $ | 3,158,804 |
(1) | Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.

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