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REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables)
 3 Months Ended
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.