| Schedule of Financial Data for Business Segments |
Financial data for business segments are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Retail Electricity (1) | | Retail
Natural Gas | | Corporate
and Other | | Eliminations | | Consolidated | | Total revenues | $ | 66,810 | | | $ | 23,825 | | | $ | (606) | | | $ | — | | | $ | 90,029 | | | Retail cost of revenues | 46,607 | | | 16,439 | | | 9 | | | — | | | 63,055 | | | Less: | | | | | | | | | | Net asset optimization expense(2) | — | | | — | | | (636) | | | — | | | (636) | | | Net, loss on non-trading derivative instruments | (4,842) | | | (1,558) | | | — | | | — | | | (6,400) | | | Current period settlements on non-trading derivatives | 1,514 | | | (226) | | | — | | | — | | | 1,288 | | | | | | | | | | | | | Retail Gross Margin | $ | 23,531 | | | $ | 9,170 | | | $ | 21 | | | $ | — | | | $ | 32,722 | | Add: Reconciling items (3) | | | | | | | | | (5,748) | | | Gross Profit | | | | | | | | | $ | 26,974 | | | Total Assets at June 30, 2025 | $ | 2,062,179 | | | $ | 197,693 | | | $ | 334,443 | | | $ | (2,277,972) | | | $ | 316,343 | | | Goodwill at June 30, 2025 | $ | 117,813 | | | $ | 2,530 | | | $ | — | | | $ | — | | | $ | 120,343 | |
(1) Retail Electricity includes related services. (2) For the three months ended June 30, 2025 we recorded asset optimization revenues of $2.8 million and asset optimization cost of revenues of $3.4 million, which are presented on a net basis in asset optimization revenues. (3) Reconciling item includes net asset optimization expenses, net loss and gain on non-trading derivative instruments and current period settlements on non-trading activities.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Retail Electricity(1) | | Retail
Natural Gas | | Corporate
and Other | | Eliminations | | Consolidated | | Total revenues | $ | 71,148 | | | $ | 15,812 | | | $ | (264) | | | $ | — | | | $ | 86,696 | | | Retail cost of revenues | 37,127 | | | 5,663 | | | 207 | | | — | | | 42,997 | | | Less: | | | | | | | | | | Net asset optimization expense (2) | — | | | — | | | (531) | | | — | | | (531) | | | Net, loss on non-trading derivative instruments | 2,607 | | | 553 | | | — | | | — | | | 3,160 | | | Current period settlements on non-trading derivatives | 6,103 | | | 1,580 | | | — | | | — | | | 7,683 | | | | | | | | | | | | | Retail Gross Margin | $ | 25,311 | | | $ | 8,016 | | | $ | 60 | | | $ | — | | | $ | 33,387 | | Add: Reconciling items (3) | | | | | | | | | 10,312 | | | Gross Profit | | | | | | | | | $ | 43,699 | | | Total Assets at December 31, 2024 | $ | 1,867,055 | | | $ | 126,911 | | | $ | 317,408 | | | $ | (1,966,435) | | | $ | 344,939 | | | Goodwill at December 31, 2024 | $ | 117,813 | | | $ | 2,530 | | | $ | — | | | $ | — | | | $ | 120,343 | | | | | | | | | | | | | | | | | | | | | |
(1) Retail Electricity includes related services. (2) For the three months ended June 30, 2024, we recorded asset optimization revenues of $3.2 million and asset optimization cost of revenues and $3.7 million, respectively, which are presented on a net basis in asset optimization revenues. (3) Reconciling item includes net asset optimization expenses, net loss and gain on non-trading derivative instruments and current period settlements on non-trading activities. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Retail Electricity(1) | | Retail
Natural Gas | | Corporate
and Other | | Eliminations | | Consolidated | | Total revenues | $ | 147,530 | | | $ | 87,608 | | | $ | (2,852) | | | $ | — | | | $ | 232,286 | | | Retail cost of revenues | 104,809 | | | 53,628 | | | 11 | | | — | | | 158,448 | | | | | | | | | | | | | Less: | | | | | | | | | | Net asset optimization expense (2) | — | | | — | | | (2,885) | | | — | | | (2,885) | | | Net, gain on non-trading derivatives | 21 | | | 133 | | | — | | | — | | | 154 | | | Current period settlements on non-trading derivatives | (2,245) | | | (367) | | | — | | | — | | | (2,612) | | | | | | | | | | | | | Retail Gross Margin | $ | 44,945 | | | $ | 34,214 | | | $ | 22 | | | $ | — | | | $ | 79,181 | | Add: Reconciling items (3) | | | | | | | | | (5,343) | | | Gross Profit | | | | | | | | | $ | 73,838 | | | Total Assets at June 30, 2025 | $ | 2,062,179 | | | $ | 197,693 | | | $ | 334,443 | | | $ | (2,277,972) | | | $ | 316,343 | | | Goodwill at June 30, 2025 | $ | 117,813 | | | $ | 2,530 | | | $ | — | | | $ | — | | | $ | 120,343 | |
(1) Retail Electricity includes related services. (2) For the six months ended June 30, 2025, we recorded asset optimization revenues of $22.8 million and asset optimization cost of revenues of $25.7 million, which are presented on a net basis in asset optimization revenues. (3) Reconciling item includes net asset optimization expenses, net loss and gain on non-trading derivative instruments, and current period settlements on non-trading activities.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Retail Electricity(1) | | Retail
Natural Gas | | Corporate
and Other | | Eliminations | | Consolidated | | Total revenues | $ | 148,477 | | | $ | 52,871 | | | $ | (596) | | | $ | — | | | $ | 200,752 | | | Retail cost of revenues | 86,258 | | | 24,866 | | | 835 | | | — | | | 111,959 | | | | | | | | | | | | | Less: | | | | | | | | | | Net asset optimization expense (2) | — | | | — | | | (2,128) | | | — | | | (2,128) | | | Net, loss on non-trading derivatives | (1,229) | | | 93 | | | — | | | — | | | (1,136) | | | Current period settlements on non-trading derivatives | 19,226 | | | 3,699 | | | — | | | — | | | 22,925 | | | | | | | | | | | | | Retail Gross Margin | $ | 44,222 | | | $ | 24,213 | | | $ | 697 | | | $ | — | | | $ | 69,132 | | Add: Reconciling items (3) | | | | | | | | | 19,661 | | | Gross Profit | | | | | | | | | $ | 88,793 | | | Total Assets at December 31, 2024 | $ | 1,867,055 | | | $ | 126,911 | | | $ | 317,408 | | | $ | (1,966,435) | | | $ | 344,939 | | | Goodwill at December 31, 2024 | $ | 117,813 | | | $ | 2,530 | | | $ | — | | | $ | — | | | $ | 120,343 | |
(1) Reconciling item includes net asset optimization expenses, net loss and gain on non-trading derivative instruments, and current period settlements on non-trading activities. (2) For the six months ended June 30, 2024, we recorded asset optimization revenues of $14.7 million and asset optimization cost of revenues of $16.8 million, which are presented on a net basis in net asset optimization revenues. (3) Reconciling item includes net asset optimization expenses, net loss and gain on non-trading derivative instruments, and current period settlements on non-trading activities.
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