v3.25.2
Revenues (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue
The following table discloses revenue by primary geographical market, customer type, and customer credit risk profile (in thousands). The table also includes a reconciliation of the disaggregated revenue to revenue by reportable segment (in thousands).
Reportable Segments
Three Months Ended June 30, 2025Three Months Ended June 30, 2024
Retail Electricity (c)Retail Natural GasTotal Reportable SegmentsRetail Electricity (c)Retail Natural GasTotal Reportable Segments
Primary markets (a)
New England$15,919 $1,682 $17,601 $21,271 $1,572 $22,843 
Mid-Atlantic28,509 6,453 34,962 27,514 5,912 33,426 
Midwest7,032 2,834 9,866 6,518 2,107 8,625 
Southwest15,350 12,856 28,206 15,845 6,221 22,066 
$66,810 $23,825 $90,635 $71,148 $15,812 $86,960 
Customer type
Commercial$8,712 $16,919 $25,631 $9,989 $11,304 $21,293 
Residential52,996 11,231 64,227 56,956 8,703 65,659 
Unbilled revenue (b)5,102 (4,325)777 4,203 (4,195)8 
$66,810 $23,825 $90,635 $71,148 $15,812 $86,960 
Customer credit risk
POR$42,956 $10,371 $53,327 $44,080 $7,177 $51,257 
Non-POR23,854 13,454 37,308 27,068 8,635 35,703 
$66,810 $23,825 $90,635 $71,148 $15,812 $86,960 
Reportable Segments
Six Months Ended June 30, 2025Six Months Ended June 30, 2024
Retail Electricity (c)Retail Natural GasTotal Reportable SegmentsRetail Electricity (c)Retail Natural GasTotal Reportable Segments
Primary markets (a)
New England$37,191 $6,877 $44,068 $48,610 $6,197 $54,807 
Mid-Atlantic67,369 26,677 94,046 58,213 21,167 79,380 
Midwest15,151 15,053 30,204 13,827 9,478 23,305 
Southwest27,819 39,001 66,820 27,827 16,029 43,856 
$147,530 $87,608 $235,138 $148,477 $52,871 $201,348 
Customer type
Commercial$19,513 $51,965 $71,478 $21,354 $32,018 $53,372 
Residential129,213 39,734 168,947 127,904 27,344 155,248 
Unbilled revenue (b)(1,196)(4,091)(5,287)(781)(6,491)(7,272)
$147,530 $87,608 $235,138 $148,477 $52,871 $201,348 
Customer credit risk
POR$98,890 $39,337 $138,227 $94,369 $26,646 $121,015 
Non-POR48,640 48,271 96,911 54,108 26,225 80,333 
$147,530 $87,608 $235,138 $148,477 $52,871 $201,348 
Reportable Segments
(a) The primary markets include the following states:
•New England - Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island;
•Mid-Atlantic - Delaware, Maryland (including the District of Columbia), New Jersey, New York, Pennsylvania and Virginia;
•Midwest - Illinois, Indiana, Michigan and Ohio; and
•Southwest - Arizona, California, Colorado, Florida, Nevada and Texas.

(b) Unbilled revenue is recorded in total until it is actualized, at which time it is categorized between commercial and residential customers.

(c) Retail Electricity includes Services.

Reconciliation to Condensed Consolidated Financial Information

A reconciliation of the reportable segment operating revenues to consolidated revenues is as follows:
Three Months Ended June 30,Six Months Ended June 30,
 
2025
2024
2025
2024
Total Reportable Segments Revenue$90,635 $86,960 $235,138 $201,348 
Net asset optimization expense(636)(531)(2,885)(2,128)
Other Revenue30 267 33 1,532 
Total Revenues$90,029 $86,696 $232,286 $200,752 
Schedule of Accounts Receivable, Allowance for Credit Loss
A rollforward of our allowance for credit losses for the six months ended June 30, 2025 are presented in the table below (in thousands):
Balance at December 31, 2024$(2,950)
Current period credit loss provision(833)
Write-offs1,236 
Recovery of previous write-offs(59)
Balance at June 30, 2025$(2,606)
Schedule of Beginning and Ending Balances of Account Receivables
The following table reflects the Company's beginning and ending balances of our account receivables.

Three Months Ended June 30,Six months ended June 30,
2025
2024
2025
2024
Beginning balance accounts receivables$70,442 $55,852 $65,442 $63,246 
Ending balance of accounts receivables$47,972 $49,085 $47,972 $49,085