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REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables) | 9 Months Ended
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Jun. 30, 2020
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 | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2020 | 2019 | 2020 | 2019
Operating revenues |  |  |  |
Natural Gas Distribution |  |  |  |
External customers | $ | 128,532 |  | $ | 120,782 |  | $ | 645,375 |  | $ | 622,167 |
Clean Energy Ventures |  |  |  |
External customers | 13,396 |  | 11,450 |  | 25,603 |  | 37,707 |
Energy Services |  |  |  |
External customers (1) | 133,740 |  | 290,083 |  | 816,003 |  | 1,416,837 |
Intercompany | (197 | ) | (62 | ) | 1,656 |  | 8,276 |
Midstream |  |  |  |
External customers | 11,143 |  | — |  | 29,949 |  | — |
Intercompany | 720 |  | — |  | 2,062 |  | — |
Subtotal | 287,334 |  | 422,253 |  | 1,520,648 |  | 2,084,987 |
Home Services and Other |  |  |  |
External customers | 12,163 |  | 12,627 |  | 36,694 |  | 36,253 |
Intercompany | 206 |  | 455 |  | 947 |  | 1,652 |
Eliminations | (729 | ) | (393 | ) | (4,665 | ) | (9,928 | )
Total | $ | 298,974 |  | $ | 434,942 |  | $ | 1,553,624 |  | $ | 2,112,964 |
Depreciation and amortization |  |  |  |
Natural Gas Distribution | $ | 18,269 |  | $ | 14,689 |  | $ | 53,186 |  | $ | 42,557 |
Clean Energy Ventures | 10,121 |  | 8,239 |  | 29,429 |  | 24,253 |
Energy Services (2) | 28 |  | 23 |  | 84 |  | 75 |
Midstream | 2,513 |  | 1 |  | 6,591 |  | 4 |
Subtotal | 30,931 |  | 22,952 |  | 89,290 |  | 66,889 |
Home Services and Other | 265 |  | 230 |  | 761 |  | 673 |
Eliminations | 20 |  | (33 | ) | (293 | ) | (270 | )
Total | $ | 31,216 |  | $ | 23,149 |  | $ | 89,758 |  | $ | 67,292 |
Interest income (3) |  |  |  |
Natural Gas Distribution | $ | 135 |  | $ | 187 |  | $ | 378 |  | $ | 567 |
Energy Services | 10 |  | 26 |  | 99 |  | 40 |
Midstream | 463 |  | 1,088 |  | 3,245 |  | 3,089 |
Subtotal | 608 |  | 1,301 |  | 3,722 |  | 3,696 |
Home Services and Other | 157 |  | 515 |  | 856 |  | 1,620 |
Eliminations | (618 | ) | (1,320 | ) | (2,524 | ) | (4,202 | )
Total | $ | 147 |  | $ | 496 |  | $ | 2,054 |  | $ | 1,114 |
(1) | Includes sales to Canada for the Energy Services segment, 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 | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2020 | 2019 | 2020 | 2019
Interest expense, net of capitalized interest |  |  |  |
Natural Gas Distribution | $ | 7,455 |  | $ | 6,301 |  | $ | 22,760 |  | $ | 18,166 |
Clean Energy Ventures | 5,070 |  | 4,320 |  | 14,397 |  | 14,405 |
Energy Services | 517 |  | 766 |  | 2,680 |  | 4,277 |
Midstream | 1,843 |  | 522 |  | 10,286 |  | 1,630 |
Subtotal | 14,885 |  | 11,909 |  | 50,123 |  | 38,478 |
Home Services and Other | 427 |  | 407 |  | 1,264 |  | 1,410 |
Eliminations | (168 | ) | (668 | ) | (970 | ) | (2,245 | )
Total | $ | 15,144 |  | $ | 11,648 |  | $ | 50,417 |  | $ | 37,643 |
Income tax provision (benefit) |  |  |  |
Natural Gas Distribution | $ | 939 |  | $ | (1,391 | ) | $ | 29,276 |  | $ | 16,705 |
Clean Energy Ventures | 4,193 |  | (1,787 | ) | (38,432 | ) | (39,033 | )
Energy Services | (8,909 | ) | (1,193 | ) | (606 | ) | 7,063 |
Midstream | 1,646 |  | 729 |  | 3,453 |  | 2,910 |
Subtotal | (2,131 | ) | (3,642 | ) | (6,309 | ) | (12,355 | )
Home Services and Other | (131 | ) | 1,705 |  | 2,044 |  | 854 |
Eliminations | 72 |  | (4 | ) | 173 |  | (353 | )
Total | $ | (2,190 | ) | $ | (1,941 | ) | $ | (4,092 | ) | $ | (11,854 | )
Equity in earnings of affiliates |  |  |  |
Midstream | $ | 3,615 |  | $ | 4,167 |  | $ | 11,200 |  | $ | 11,966 |
Eliminations | (402 | ) | (672 | ) | (1,009 | ) | (1,939 | )
Total | $ | 3,213 |  | $ | 3,495 |  | $ | 10,191 |  | $ | 10,027 |
Net financial earnings (loss) |  |  |  |
Natural Gas Distribution | $ | 11,968 |  | $ | (3,795 | ) | $ | 142,160 |  | $ | 96,464 |
Clean Energy Ventures | (13,891 | ) | (7,138 | ) | (2,817 | ) | 24,797 |
Energy Services | (6,913 | ) | (14,030 | ) | (9,511 | ) | 13,644 |
Midstream | 3,615 |  | 3,052 |  | 10,877 |  | 11,201 |
Subtotal | (5,221 | ) | (21,911 | ) | 140,709 |  | 146,106 |
Home Services and Other | (582 | ) | 4,437 |  | 675 |  | 2,932 |
Eliminations | (14 | ) | (32 | ) | 140 |  | (34 | )
Total | $ | (5,817 | ) | $ | (17,506 | ) | $ | 141,524 |  | $ | 149,004 |
Capital expenditures |  |  |  |
Natural Gas Distribution | $ | 88,171 |  | $ | 100,473 |  | $ | 238,010 |  | $ | 239,569 |
Clean Energy Ventures | 41,182 |  | 38,813 |  | 110,968 |  | 91,333 |
Midstream | 8,575 |  | 6,406 |  | 16,284 |  | 11,290 |
Subtotal | 137,928 |  | 145,692 |  | 365,262 |  | 342,192 |
Home Services and Other | 1,962 |  | 924 |  | 1,977 |  | 1,826 |
Total | $ | 139,890 |  | $ | 146,616 |  | $ | 367,239 |  | $ | 344,018 |
Investments in equity investees |  |  |  |
Midstream | $ | 225 |  | $ | 1,239 |  | $ | 1,491 |  | $ | 2,696 |
Total | $ | 225 |  | $ | 1,239 |  | $ | 1,491 |  | $ | 2,696 |
Reconciliation of Consolidated NFE to Consolidated Net Income | A reconciliation of consolidated NFE to consolidated net income is as follows:
| Three Months Ended | Nine Months Ended
| June 30, | June 30,
(Thousands) | 2020 | 2019 | 2020 | 2019
Net financial earnings (loss) | $ | (5,817 | ) | $ | (17,506 | ) | $ | 141,524 |  | $ | 149,004 |
Less: |  |  |  |
Unrealized loss (gain) on derivative instruments and related transactions | 23,712 |  | (24,646 | ) | (21,827 | ) | (25,353 | )
Tax effect | (5,639 | ) | 5,885 |  | 5,189 |  | 6,034 |
Effects of economic hedging related to natural gas inventory | 4,739 |  | 11,317 |  | 10,474 |  | 12,073 |
Tax effect | (1,126 | ) | (2,689 | ) | (2,489 | ) | (2,869 | )
NFE tax adjustment | (284 | ) | 1,029 |  | (470 | ) | 7,700 |
Net (loss) income | $ | (27,219 | ) | $ | (8,402 | ) | $ | 150,647 |  | $ | 151,419 |
Reconciliation of Assets from Segment to Consolidated | The Company's assets for the various business segments and business operations are detailed below:
(Thousands) | June 30, 2020 | September 30, 2019
Assets at end of period: |  |
Natural Gas Distribution | $ | 3,319,754 |  | $ | 3,064,309 |
Clean Energy Ventures | 1,007,240 |  | 864,323 |
Energy Services | 225,830 |  | 290,847 |
Midstream | 813,932 |  | 240,955 |
Subtotal | 5,366,756 |  | 4,460,434 |
Home Services and Other | 133,773 |  | 104,411 |
Intercompany assets (1) | (218,445 | ) | (191,860 | )
Total | $ | 5,282,084 |  | $ | 4,372,985 |
(1) Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.

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