Net Economic Earnings and Reconciliation to GAAP | ||||||||||||||||||||||||
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(In Millions, except per share amounts) |
| Gas Utility |
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| Gas Marketing |
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| Midstream |
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| Other |
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| Total |
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| Per Diluted Common Share (2) |
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Three Months Ended June 30, 2023 |
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Net (Loss) Income [GAAP] |
| $ | (12.4) |
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| $ | (4.9) |
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| $ | 3.1 |
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| $ | (7.4) |
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| $ | (21.6) |
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| $ | (0.48) |
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Adjustments, pre-tax: |
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Fair value and timing adjustments |
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| 0.2 |
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| 3.2 |
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| — |
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| — |
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| 3.4 |
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| 0.06 |
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Acquisition activities |
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| — |
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| — |
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| 0.5 |
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| — |
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| 0.5 |
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| 0.01 |
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Income tax adjustments (1) |
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| (0.1) |
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| (0.8) |
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| — |
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| — |
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| (0.9) |
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| (0.01) |
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Net Economic (Loss) Earnings [Non-GAAP] |
| $ | (12.3) |
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| $ | (2.5) |
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| $ | 3.6 |
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| $ | (7.4) |
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| $ | (18.6) |
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| $ | (0.42) |
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Three Months Ended June 30, 2022 |
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Net Income (Loss) [GAAP] |
| $ | 4.2 |
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| $ | (5.1) |
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| $ | 4.3 |
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| $ | (4.8) |
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| $ | (1.4) |
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| $ | (0.10) |
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Adjustments, pre-tax: |
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Fair value and timing adjustments |
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| — |
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| 7.3 |
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| — |
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| — |
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| 7.3 |
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| 0.14 |
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Income tax adjustments (1) |
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| — |
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| (1.8) |
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| — |
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| — |
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| (1.8) |
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| (0.03) |
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Net Economic Earnings (Loss) [Non-GAAP] |
| $ | 4.2 |
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| $ | 0.4 |
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| $ | 4.3 |
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| $ | (4.8) |
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| $ | 4.1 |
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| $ | 0.01 |
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Nine Months Ended June 30, 2023 |
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Net Income (Loss) [GAAP] |
| $ | 234.0 |
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| $ | 28.9 |
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| $ | 11.1 |
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| $ | (25.4) |
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| $ | 248.6 |
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| $ | 4.51 |
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Adjustments, pre-tax: |
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Fair value and timing adjustments |
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| 0.7 |
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| 21.5 |
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| — |
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| — |
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| 22.2 |
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| 0.42 |
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Acquisition activities |
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| — |
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| — |
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| 0.5 |
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| — |
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| 0.5 |
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| 0.01 |
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Income tax adjustments (1) |
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| (0.2) |
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| (5.4) |
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| — |
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| — |
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| (5.6) |
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| (0.11) |
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Net Economic Earnings (Loss) [Non-GAAP] |
| $ | 234.5 |
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| $ | 45.0 |
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| $ | 11.6 |
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| $ | (25.4) |
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| $ | 265.7 |
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| $ | 4.83 |
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Nine Months Ended June 30, 2022 |
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Net Income (Loss) [GAAP] |
| $ | 236.5 |
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| $ | (0.4) |
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| $ | 9.8 |
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| $ | (18.0) |
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| $ | 227.9 |
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| $ | 4.16 |
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Adjustments, pre-tax: |
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Fair value and timing adjustments |
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| — |
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| 20.9 |
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| — |
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| — |
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| 20.9 |
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| 0.40 |
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Income tax adjustments (1) |
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| 4.1 |
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| (5.2) |
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| — |
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| — |
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| (1.1) |
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| (0.02) |
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Net Economic Earnings (Loss) [Non-GAAP] |
| $ | 240.6 |
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| $ | 15.3 |
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| $ | 9.8 |
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| $ | (18.0) |
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| $ | 247.7 |
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| $ | 4.54 |
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