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REPORTING SEGMENT AND OTHER OPERATIONS DATA (Tables)

9 Months Ended

Jun. 30, 2021

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)			2021			2020			2021			2020
Operating revenues
Natural Gas Distribution
External customers			$	127,626		$	128,532		$	633,522		$	645,375
Clean Energy Ventures
External customers			13,381			13,396			26,227			25,603
Energy Services
External customers (1)			202,516			133,740			889,631			816,003
Intercompany			(922)			(197)			4,009			1,656
Storage and Transportation
External customers			10,999			11,143			36,703			29,949
Intercompany			650			720			1,976			2,062
Subtotal			354,250			287,334			1,592,068			1,520,648
Home Services and Other
External customers			13,071			12,163			38,002			36,694
Intercompany			241			206			660			947
Eliminations			31			(729)			(6,645)			(4,665)
Total			$	367,593		$	298,974		$	1,624,085		$	1,553,624
Depreciation and amortization
Natural Gas Distribution			$	19,894		$	18,269		$	58,538		$	53,186
Clean Energy Ventures			5,200			6,777			15,318			19,696
Energy Services (2)			28			28			83			84
Storage and Transportation			2,443			2,513			7,447			6,591
Subtotal			27,565			27,587			81,386			79,557
Home Services and Other			260			265			747			761
Eliminations			(58)			20			(156)			(293)
Total			$	27,767		$	27,872		$	81,977		$	80,025
Interest income (3)
Natural Gas Distribution			$	90		$	135		$	248		$	378
Clean Energy Ventures			—			—			240			—
Energy Services			11			10			11			99
Storage and Transportation			350			463			1,895			3,245
Subtotal			451			608			2,394			3,722
Home Services and Other			129			157			388			856
Eliminations			(233)			(618)			(709)			(2,524)
Total			$	347		$	147		$	2,073		$	2,054

(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 natural 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)			2021			2020			2021			2020
Interest expense, net of capitalized interest
Natural Gas Distribution			$	8,667		$	7,455		$	26,647		$	22,760
Clean Energy Ventures			4,998			5,070			15,298			14,397
Energy Services			240			517			1,495			2,680
Storage and Transportation			2,937			1,843			10,497			10,286
Subtotal			16,842			14,885			53,937			50,123
Home Services and Other			1,902			427			4,746			1,264
Eliminations			—			(168)			—			(970)
Total			$	18,744		$	15,144		$	58,683		$	50,417
Income tax provision (benefit)
Natural Gas Distribution			$	889		$	939		$	24,878		$	29,276
Clean Energy Ventures			(1,448)			(384)			(7,248)			(8,352)
Energy Services			(8,805)			(8,909)			26,445			(606)
Storage and Transportation			(10,393)			1,646			(8,874)			3,453
Subtotal			(19,757)			(6,708)			35,201			23,771
Home Services and Other			415			(131)			474			2,044
Eliminations			557			72			2,038			173
Total			$	(18,785)		$	(6,767)		$	37,713		$	25,988
Equity in (loss) earnings of affiliates
Storage and Transportation			$	(88,615)		$	3,615		$	(82,036)		$	11,200
Eliminations			(618)			(402)			(1,718)			(1,009)
Total			$	(89,233)		$	3,213		$	(83,754)		$	10,191
Net financial earnings (loss)
Natural Gas Distribution			$	1,581		$	11,968		$	131,589		$	142,160
Clean Energy Ventures			(4,926)			(5,686)			(24,072)			(22,694)
Energy Services			(12,527)			(6,619)			85,501			(9,254)
Storage and Transportation			2,387			3,615			10,606			10,877
Subtotal			(13,485)			3,278			203,624			121,089
Home Services and Other			(384)			(582)			301			675
Eliminations			(279)			(14)			(2,812)			140
Total			$	(14,148)		$	2,682		$	201,113		$	121,904
Capital expenditures
Natural Gas Distribution			$	150,642		$	88,171		$	327,127		$	238,010
Clean Energy Ventures			10,661			41,182			51,545			110,968
Storage and Transportation			22,479			8,575			50,186			16,284
Subtotal			183,782			137,928			428,858			365,262
Home Services and Other			244			1,962			1,055			1,977
Total			$	184,026		$	139,890		$	429,913		$	367,239
Investments in equity investees
Storage and Transportation			$	208		$	225		$	690		$	1,491
Total			$	208		$	225		$	690		$	1,491

Schedule of Assets for Business Segments and Business Operations

The Company's assets for the various business segments and business operations are detailed below:

(Thousands)			June 30, 2021			September 30, 2020
Assets at end of period:
Natural Gas Distribution			$	3,617,354		$	3,531,477
Clean Energy Ventures			851,755			814,277
Energy Services			273,460			244,836
Storage and Transportation			796,974			844,799
Subtotal			5,539,543			5,435,389
Home Services and Other			125,243			138,375
Intercompany assets (1)			(256,168)			(257,287)
Total			$	5,408,618		$	5,316,477

(1)Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.

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)			2021			2020			2021			2020
Net financial (loss) earnings			$	(14,148)		$	2,682		$	201,113		$	121,904
Less:
Unrealized loss (gain) on derivative instruments and related transactions			21,862			23,712			13,627			(21,827)
Tax effect			(5,198)			(5,639)			(3,240)			5,189
Effects of economic hedging related to natural gas inventory			2,486			4,739			(12,255)			10,474
Tax effect			(591)			(1,126)			2,912			(2,489)
Impairment of equity method investment			92,000			—			92,000			—
Tax effect			(11,934)			—			(11,934)			—
NFE tax adjustment			(942)			294			980			257
Net (loss) income			$	(111,831)		$	(19,298)		$	119,023		$	130,300

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