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REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables) | 3 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information related to the Company's various reporting segments and other operations is detailed below:
| Three Months Ended
| December 31,
(Thousands) | 2018 | 2017
Operating revenues |  |
Natural Gas Distribution |  |
External customers | $ | 199,965 |  | $ | 209,787 |
Clean Energy Ventures |  |
External customers | 14,897 |  | 13,996 |
Energy Services |  |
External customers (1) | 584,960 |  | 472,171 |
Intercompany | 2,307 |  | 5,810 |
Subtotal | 802,129 |  | 701,764 |
Home Services and Other |  |
External customers | 11,945 |  | 9,351 |
Intercompany | 545 |  | 606 |
Eliminations | (2,852 | ) | (6,416 | )
Total | $ | 811,767 |  | $ | 705,305 |
Depreciation and amortization |  |
Natural Gas Distribution | $ | 13,896 |  | $ | 12,783 |
Clean Energy Ventures | 7,923 |  | 8,935 |
Energy Services (2) | 27 |  | 14 |
Midstream | 1 |  | 1 |
Subtotal | 21,847 |  | 21,733 |
Home Services and Other | 221 |  | 188 |
Eliminations | (236 | ) | (67 | )
Total | $ | 21,832 |  | $ | 21,854 |
Interest income (3) |  |
Natural Gas Distribution | $ | 199 |  | $ | 119 |
Midstream | 1,056 |  | 664 |
Subtotal | 1,255 |  | 783 |
Home Services and Other | 436 |  | 204 |
Eliminations | (1,492 | ) | (931 | )
Total | $ | 199 |  | $ | 56 |
(1) | Includes sales to Canada, which are immaterial.
(2) | The amortization of acquired wholesale energy contracts is excluded above and is included in gas purchases - nonutility on the Unaudited Condensed Consolidated Statements of Operations.
(3) | Included in other income, net on the Unaudited Condensed Consolidated Statements of Operations.
| Three Months Ended
| December 31,
(Thousands) | 2018 | 2017
Interest expense, net of capitalized interest |  |
Natural Gas Distribution | $ | 6,103 |  | $ | 6,536 |
Clean Energy Ventures | 5,428 |  | 4,208 |
Energy Services | 1,887 |  | 1,257 |
Midstream | 543 |  | 309 |
Subtotal | 13,961 |  | 12,310 |
Home Services and Other | 392 |  | 90 |
Eliminations | (867 | ) | (495 | )
Total | $ | 13,486 |  | $ | 11,905 |
Income tax provision (benefit) |  |
Natural Gas Distribution | $ | 5,830 |  | $ | 11,704 |
Clean Energy Ventures | (23,204 | ) | (73,988 | )
Energy Services | 9,644 |  | 13,743 |
Midstream | 962 |  | (12,843 | )
Subtotal | (6,768 | ) | (61,384 | )
Home Services and Other | (192 | ) | 11,698 |
Eliminations | (1 | ) | (482 | )
Total | $ | (6,961 | ) | $ | (50,168 | )
Equity in earnings of affiliates |  |
Midstream | $ | 3,801 |  | $ | 4,129 |
Eliminations | (640 | ) | (865 | )
Total | $ | 3,161 |  | $ | 3,264 |
Net financial earnings (loss) |  |
Natural Gas Distribution | $ | 31,713 |  | $ | 34,109 |
Clean Energy Ventures | 10,205 |  | 71,250 |
Energy Services | 8,370 |  | 20,274 |
Midstream | 3,651 |  | 17,511 |
Subtotal | 53,939 |  | 143,144 |
Home Services and Other | 76 |  | (7,716 | )
Eliminations | 78 |  | (95 | )
Total | $ | 54,093 |  | $ | 135,333 |
Capital expenditures |  |
Natural Gas Distribution | $ | 59,755 |  | $ | 47,390 |
Clean Energy Ventures | 32,126 |  | 18,387 |
Midstream | 1,689 |  | — |
Subtotal | 93,570 |  | 65,777 |
Home Services and Other | 731 |  | 1,313 |
Total | $ | 94,301 |  | $ | 67,090 |
Investments in equity investees |  |
Midstream | $ | — |  | $ | 7,202 |
Total | $ | — |  | $ | 7,202 |
Reconciliation of Consolidated NFE to Consolidated Net Income | A reconciliation of consolidated NFE to consolidated net income is as follows:
| Three Months Ended
| December 31,
(Thousands) | 2018 | 2017
Net financial earnings (1) | $ | 54,093 |  | $ | 135,333 |
Less: |  |
Unrealized (gain) loss on derivative instruments and related transactions | (10,932 | ) | 34,855 |
Tax effect | 2,583 |  | (8,059 | )
Effects of economic hedging related to natural gas inventory | (21,611 | ) | (25,387 | )
Tax effect | 5,136 |  | 8,244 |
Net income to NFE tax adjustment | (7,331 | ) | 1,981 |
Net income (1) | $ | 86,248 |  | $ | 123,699 |
(1) | Includes income tax benefit related to the Tax Act of $57.6 million, for the three months ended December 31, 2017.
Reconciliation of Assets from Segment to Consolidated | The Company's assets for the various business segments and business operations are detailed below:
(Thousands) | December 31, 2018 | September 30, 2018
Assets at end of period: |  |
Natural Gas Distribution | $ | 2,785,817 |  | $ | 2,663,054 |
Clean Energy Ventures (1) | 902,485 |  | 865,018 |
Energy Services | 583,876 |  | 396,852 |
Midstream | 245,246 |  | 242,069 |
Subtotal | 4,517,424 |  | 4,166,993 |
Home Services and Other | 120,820 |  | 114,732 |
Intercompany assets (2) | (160,922 | ) | (138,061 | )
Total | $ | 4,477,322 |  | $ | 4,143,664 |
(1) | Includes assets held for sale of $207.7 million and $206.9 million for December 31, 2018 and September 30, 2018, respectively.
(2) | Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.

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