|
STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
|
| Gross Margin | ||||
| Revenues | $ 241,522 | $ 219,725 | $ 1,304,538 | $ 1,167,266 |
| Cost of natural gas | 75,070 | 60,492 | 701,757 | 577,912 |
| Net margin | 166,452 | 159,233 | 602,781 | 589,354 |
| Operating expenses | ||||
| Operations and maintenance | 101,829 | 99,341 | 309,154 | 292,275 |
| Depreciation and amortization | 31,217 | 32,347 | 93,995 | 100,118 |
| General taxes | 14,287 | 13,356 | 44,348 | 41,627 |
| Total operating expenses | 147,333 | 145,044 | 447,497 | 434,020 |
| Operating income | 19,119 | 14,189 | 155,284 | 155,334 |
| Other income | 8 | 1,831 | 1,005 | 3,909 |
| Other expense | (652) | (478) | (1,829) | (1,980) |
| Interest expense | (11,160) | (15,233) | (35,886) | (45,702) |
| Income before income taxes | 7,315 | 309 | 118,574 | 111,561 |
| Income taxes | (2,662) | 125 | (45,391) | (42,684) |
| Net income | $ 4,653 | $ 434 | $ 73,183 | $ 68,877 |
| Earnings per share (Note 5) | ||||
| Basic | $ 0.09 | $ 0.01 | $ 1.40 | $ 1.32 |
| Diluted | $ 0.09 | $ 0.01 | $ 1.38 | $ 1.32 |
| Average shares (thousands) | ||||
| Basic | 52,361 | 52,319 | 52,353 | 52,319 |
| Diluted | 53,014 | 52,319 | 52,848 | 52,319 |
| Dividends declared per share of stock | $ 0.28 | $ 0.00 | $ 0.56 | $ 0.00 |