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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
OPERATING REVENUES |  |  |  |
Utility | $ 104,538 | $ 121,362 | $ 631,389 | $ 602,464
Nonutility | 438,897 | 336,161 | 1,636,394 | 1,129,633
Total operating revenues | 543,435 | 457,523 | 2,267,783 | 1,732,097
OPERATING EXPENSES |  |  |  |
Gas purchases - Utility | 53,080 | 47,124 | 227,268 | 220,889
Gas purchases - Nonutility | 422,734 | 299,971 | 1,489,041 | 1,005,231
Gas purchases - Related parties | 2,156 | 2,076 | 6,392 | 6,259
Operation and maintenance | 69,447 | 55,613 | 182,307 | 160,183
Regulatory rider expenses | 5,542 | 5,216 | 36,915 | 37,710
Depreciation and amortization | 20,320 | 20,760 | 64,634 | 60,348
Energy and other taxes | 7,822 | 8,796 | 45,855 | 42,382
Total operating expenses | 581,101 | 439,556 | 2,052,412 | 1,533,002
OPERATING (LOSS) INCOME | (37,666) | 17,967 | 215,371 | 199,095
Other income, net | 2,682 | 3,273 | 11,589 | 12,387
Interest expense, net of capitalized interest | 11,037 | 11,164 | 34,740 | 33,215
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES | (46,021) | 10,076 | 192,220 | 178,267
Income tax (benefit) provision | (28,534) | (5,816) | (47,801) | 20,134
Equity in earnings of affiliates | 3,213 | 3,065 | 9,670 | 10,455
NET (LOSS) INCOME | $ (14,274) | $ 18,957 | $ 249,691 | $ 168,588
(LOSS) EARNINGS PER COMMON SHARE |  |  |  |
Basic (usd per share) | $ (0.16) | $ 0.22 | $ 2.85 | $ 1.95
Diluted (usd per share) | (0.16) | 0.22 | 2.84 | 1.94
DIVIDENDS DECLARED PER COMMON SHARE (usd per share) | $ 0.2725 | $ 0.255 | $ 0.8175 | $ 0.765
WEIGHTED AVERAGE SHARES OUTSTANDING |  |  |  |
Basic (in shares) | 87,888 | 86,408 | 87,493 | 86,257
Diluted (in shares) | 87,888 | 87,267 | 87,884 | 87,088

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