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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables)
 12 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Business Segments and Other Operations
Information related to the Company’s various reporting segments and other operations is detailed below:
(Thousands)
 
 
 
Fiscal Years Ended September 30,
2017
2016
2015
Operating revenues
 
 
 
Natural Gas Distribution
 
 
 
External customers
$
695,637

$
594,346

$
781,970

Clean Energy Ventures
 
 
 
External customers
64,394

53,540

32,513

Energy Services
 
 
 
External customers (1)
1,462,365

1,187,754

1,872,781

Intercompany
316

9,499

61,526

Subtotal
2,222,712

1,845,139

2,748,790

Home Services and Other
 
 
 
External customers
46,221

45,265

46,723

Intercompany
3,370

3,232

1,980

Eliminations
(3,686
)
(12,731
)
(63,506
)
Total
$
2,268,617

$
1,880,905

$
2,733,987

Depreciation and amortization
 
 
 
Natural Gas Distribution
$
49,347

$
47,828

$
43,085

Clean Energy Ventures
31,834

23,971

17,297

Energy Services
63

88

90

Midstream
6

6

6

Subtotal
81,250

71,893

60,478

Home Services and Other
798

981

952

Eliminations
(207
)
(126
)
(31
)
Total
$
81,841

$
72,748

$
61,399

Interest income (2)
 
 
 
Natural Gas Distribution
$
555

$
115

$
336

Clean Energy Ventures
—

—

26

Energy Services
6

98

438

Midstream
2,195

1,524

977

Subtotal
2,756

1,737

1,777

Home Services and Other
590

397

217

Eliminations
(1,312
)
(2,006
)
(1,414
)
Total
$
2,034

$
128

$
580

(1)
Includes sales to Canada, which accounted for .8, 2 and 3.7 percent of total operating revenues during fiscal 2017, 2016 and 2015, respectively.
(2)
Included in other income, net on the Consolidated Statements of Operations.
(Thousands)
 
 
 
Fiscal Years Ended September 30,
2017
2016
2015
Interest expense, net of capitalized interest
 
 
 
Natural Gas Distribution
$
25,818

$
19,930

$
18,534

Clean Energy Ventures
16,263

10,304

7,635

Energy Services
2,747

1,095

1,209

Midstream
960

287

717

Subtotal
45,788

31,616

28,095

Home Services and Other
410

252

49

Eliminations
(1,312
)
(824
)
(423
)
Total
$
44,886

$
31,044

$
27,721

Income tax (benefit) provision
 
 
 
Natural Gas Distribution
$
43,485

$
34,951

$
39,544

Clean Energy Ventures
(31,161
)
(26,592
)
(26,968
)
Energy Services
(4,015
)
7,030

39,043

Midstream
5,820

6,130

6,849

Subtotal
14,129

21,519

58,468

Home Services and Other
3,857

1,387

1,551

Eliminations
357

624

(295
)
Total
$
18,343

$
23,530

$
59,724

Equity in earnings of affiliates
 
 
 
Midstream
$
17,797

$
13,936

$
17,487

Eliminations
(3,984
)
(4,421
)
(4,078
)
Total
$
13,813

$
9,515

$
13,409

Net financial earnings
 
 
 
Natural Gas Distribution
$
86,930

$
76,104

$
76,287

Clean Energy Ventures
24,873

28,393

20,101

Energy Services
18,554

21,934

42,122

Midstream
12,857

9,406

9,780

Subtotal
143,214

135,837

148,290

Home Services and Other
6,811

2,882

3,420

Eliminations
(633
)
(634
)
(207
)
Total
$
149,392

$
138,085

$
151,503

Capital expenditures
 
 
 
Natural Gas Distribution
$
176,249

$
205,133

$
168,875

Clean Energy Ventures
149,400

149,063

151,002

Subtotal
325,649

354,196

319,877

Home Services and Other
2,434

1,896

209

Total
$
328,083

$
356,092

$
320,086

Investments in equity investees
 
 
 
Midstream
27,070

11,176

5,780

Total
$
27,070

$
11,176

$
5,780
Reconciliation of Consolidated NFE to Consolidated Net Income
A reconciliation of consolidated NFE to consolidated net income is as follows:
(Thousands)
2017
2016
2015
Consolidated net financial earnings
$
149,392

$
138,085

$
151,503

Less:
 
 
 
Unrealized (gain) loss on derivative instruments and related transactions
(11,241
)
46,883

(38,681
)
Tax effect
4,062

(17,018
)
14,391

Effects of economic hedging related to natural gas inventory
38,470

(36,816
)
(8,225
)
Tax effect
(13,964
)
13,364

3,058

Consolidated net income
$
132,065

$
131,672

$
180,960
Schedule of Assets for Business Segments and Business Operations
The Company’s assets for the various reporting segments and business operations are detailed below:
(Thousands)
2017
2016
2015
Assets at end of period:
 
 
 
Natural Gas Distribution
$
2,519,578

$
2,517,401

$
2,305,293

Clean Energy Ventures
771,340

665,696

504,885

Energy Services
398,277

327,626

260,021

Midstream
232,806

186,259

182,007

Subtotal
3,922,001

3,696,982

3,252,206

Home Services and Other
114,801

109,487

88,880

Intercompany assets (1)
(108,295
)
(87,899
)
(56,729
)
Total
$
3,928,507

$
3,718,570

$
3,284,357

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