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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables) | 6 Months Ended
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Mar. 31, 2017
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) | 2017 | 2016 | 2017 | 2016
Operating revenues |  |  |  |
Natural Gas Distribution |  |  |  |
External customers | $ | 295,546 |  | $ | 242,536 |  | $ | 481,102 |  | $ | 394,142 |
Clean Energy Ventures |  |  |  |
External customers | 12,943 |  | 7,662 |  | 20,510 |  | 15,456 |
Energy Services |  |  |  |
External customers (1) | 417,608 |  | 316,703 |  | 756,538 |  | 592,885 |
Intercompany | 2,679 |  | 3,255 |  | 930 |  | 5,766 |
Subtotal | 728,776 |  | 570,156 |  | 1,259,080 |  | 1,008,249 |
Home Services and Other |  |  |  |
External customers | 7,449 |  | 7,292 |  | 16,424 |  | 15,968 |
Intercompany | 1,055 |  | 639 |  | 2,086 |  | 1,536 |
Eliminations | (3,734 | ) | (3,894 | ) | (3,016 | ) | (7,302 | )
Total | $ | 733,546 |  | $ | 574,193 |  | $ | 1,274,574 |  | $ | 1,018,451 |
Depreciation and amortization |  |  |  |
Natural Gas Distribution | $ | 12,263 |  | $ | 11,598 |  | $ | 24,293 |  | $ | 22,836 |
Clean Energy Ventures | 7,923 |  | 5,876 |  | 14,964 |  | 10,986 |
Energy Services | 17 |  | 23 |  | 33 |  | 46 |
Midstream | 2 |  | 2 |  | 3 |  | 3 |
Subtotal | 20,205 |  | 17,499 |  | 39,293 |  | 33,871 |
Home Services and Other | 199 |  | 237 |  | 420 |  | 464 |
Eliminations | (76 | ) | 8 |  | (125 | ) | (109 | )
Total | $ | 20,328 |  | $ | 17,744 |  | $ | 39,588 |  | $ | 34,226 |
Interest income (2) |  |  |  |
Natural Gas Distribution | $ | 97 |  | $ | 60 |  | $ | 172 |  | $ | 128 |
Energy Services | — |  | — |  | — |  | 72 |
Midstream | 512 |  | 450 |  | 974 |  | 714 |
Subtotal | 609 |  | 510 |  | 1,146 |  | 914 |
Home Services and Other | 132 |  | 123 |  | 253 |  | 160 |
Eliminations | (633 | ) | (580 | ) | (1,216 | ) | (951 | )
Total | $ | 108 |  | $ | 53 |  | $ | 183 |  | $ | 123 |
(1) | Includes sales to Canada, which accounted for 1.5 and 2.9 percent of total operating revenues during the six months ended March 31, 2017 and 2016.
(2) | Included in other income, net on the Unaudited Condensed Consolidated Statements of Operations.
| Three Months Ended | Six Months Ended
| March 31, | March 31,
(Thousands) | 2017 | 2016 | 2017 | 2016
Interest expense, net of capitalized interest |  |  |  |
Natural Gas Distribution | $ | 6,392 |  | $ | 4,690 |  | $ | 13,216 |  | $ | 9,278 |
Clean Energy Ventures | 4,055 |  | 2,552 |  | 7,379 |  | 4,605 |
Energy Services | 716 |  | 168 |  | 1,287 |  | 376 |
Midstream | 414 |  | 130 |  | 470 |  | 172 |
Subtotal | 11,577 |  | 7,540 |  | 22,352 |  | 14,431 |
Home Services and Other | 123 |  | 105 |  | 197 |  | 105 |
Eliminations | (264 | ) | (276 | ) | (498 | ) | (390 | )
Total | $ | 11,436 |  | $ | 7,369 |  | $ | 22,051 |  | $ | 14,146 |
Income tax provision (benefit) |  |  |  |
Natural Gas Distribution | $ | 30,499 |  | $ | 22,704 |  | $ | 45,386 |  | $ | 36,211 |
Clean Energy Ventures | (24,756 | ) | (13,916 | ) | (36,643 | ) | (25,650 | )
Energy Services | 16,277 |  | 7,805 |  | 13,101 |  | 12,710 |
Midstream | 1,502 |  | 1,530 |  | 3,151 |  | 3,170 |
Subtotal | 23,522 |  | 18,123 |  | 24,995 |  | 26,441 |
Home Services and Other | 1,066 |  | (1,474 | ) | 821 |  | (2,604 | )
Eliminations | (656 | ) | 1,166 |  | 134 |  | 700 |
Total | $ | 23,932 |  | $ | 17,815 |  | $ | 25,950 |  | $ | 24,537 |
Equity in earnings of affiliates |  |  |  |
Midstream | $ | 6,119 |  | $ | 3,508 |  | $ | 9,450 |  | $ | 7,053 |
Eliminations | (1,040 | ) | (1,106 | ) | (2,060 | ) | (2,245 | )
Total | $ | 5,079 |  | $ | 2,402 |  | $ | 7,390 |  | $ | 4,808 |
Net financial earnings |  |  |  |
Natural Gas Distribution | $ | 60,233 |  | $ | 48,967 |  | $ | 90,581 |  | $ | 79,893 |
Clean Energy Ventures | 22,743 |  | 11,807 |  | 25,585 |  | 19,459 |
Energy Services | 15,746 |  | 17,005 |  | 19,233 |  | 27,309 |
Midstream | 4,948 |  | 2,228 |  | 7,335 |  | 4,572 |
Subtotal | 103,670 |  | 80,007 |  | 142,734 |  | 131,233 |
Home Services and Other | 708 |  | (2,022 | ) | 2,250 |  | (1,763 | )
Eliminations | (272 | ) | (80 | ) | (495 | ) | (298 | )
Total | $ | 104,106 |  | $ | 77,905 |  | $ | 144,489 |  | $ | 129,172 |
Capital expenditures |  |  |  |
Natural Gas Distribution | $ | 34,744 |  | $ | 47,366 |  | $ | 73,599 |  | $ | 96,406 |
Clean Energy Ventures | 43,120 |  | 25,876 |  | 89,905 |  | 70,882 |
Subtotal | 77,864 |  | 73,242 |  | 163,504 |  | 167,288 |
Home Services and Other | 345 |  | 272 |  | 516 |  | 1,069 |
Total | $ | 78,209 |  | $ | 73,514 |  | $ | 164,020 |  | $ | 168,357 |
Investments in equity investees |  |  |  |
Midstream | $ | 5,902 |  | $ | 3,102 |  | $ | 10,538 |  | $ | 5,948 |
Total | $ | 5,902 |  | $ | 3,102 |  | $ | 10,538 |  | $ | 5,948 |
Reconciliation of Consolidated NFE 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) | 2017 | 2016 | 2017 | 2016
Net financial earnings | $ | 104,106 |  | $ | 77,905 |  | $ | 144,489 |  | $ | 129,172 |
Less: |  |  |  |
Unrealized (gain) loss on derivative instruments and related transactions | (54,855 | ) | 3,170 |  | (26,553 | ) | 2,035 |
Tax effect | 19,679 |  | (1,152 | ) | 9,922 |  | (739 | )
Effects of economic hedging related to natural gas inventory | 34,328 |  | (1,054 | ) | 16,389 |  | 2,759 |
Tax effect | (12,334 | ) | 384 |  | (6,130 | ) | (1,001 | )
Net income to NFE tax adjustment | 2,586 |  | 3,204 |  | 1,230 |  | 2,483 |
Net income | $ | 114,702 |  | $ | 73,353 |  | $ | 149,631 |  | $ | 123,635 |
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, 2017 | September 30, 2016
Assets at end of period: |  |
Natural Gas Distribution | $ | 2,572,576 |  | $ | 2,517,401 |
Clean Energy Ventures | 709,289 |  | 665,696 |
Energy Services | 328,372 |  | 327,626 |
Midstream | 212,439 |  | 186,259 |
Subtotal | 3,822,676 |  | 3,696,982 |
Home Services and Other | 126,255 |  | 109,487 |
Intercompany assets (1) | (91,572 | ) | (87,899 | )
Total | $ | 3,857,359 |  | $ | 3,718,570 |
(1) | Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.

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