STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2018 |
Mar. 31, 2017 |
|
| Gross Margin | ||
| Revenues from contracts with customers | $ 635,237 | $ 536,160 |
| Other revenue | 3,227 | 14,248 |
| Regulated Operating Revenue | 638,464 | 550,408 |
| Cost of natural gas | 350,419 | 263,154 |
| Net margin | 288,045 | 287,254 |
| Operating expenses | ||
| Operations and maintenance | 102,665 | 105,044 |
| Depreciation and amortization | 38,890 | 37,019 |
| General taxes | 16,200 | 15,746 |
| Total operating expenses | 157,755 | 157,809 |
| Operating income | 130,290 | 129,445 |
| Other expense, net | (2,164) | (3,407) |
| Interest expense, net | (12,352) | (11,481) |
| Income before income taxes | 115,774 | 114,557 |
| Income taxes | (24,939) | (38,101) |
| Net income | $ 90,835 | $ 76,456 |
| Earnings per share | ||
| Basic | $ 1.73 | $ 1.45 |
| Diluted | $ 1.72 | $ 1.44 |
| Average shares (thousands) | ||
| Basic | 52,604 | 52,576 |
| Diluted | 52,897 | 53,056 |
| Dividends declared per share of stock | $ 0.46 | $ 0.42 |