v3.25.2
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table provides information about IPALCO’s business segments (in thousands):

Three Months EndedThree Months Ended
 June 30, 2025June 30, 2024
 Utility
Other
TotalUtility
Other
Total
Revenue$438,684 $— $438,684 $397,594 $— $397,594 
Fuel99,973 — 99,973 77,639 — 77,639 
Power purchased31,239 — 31,239 44,103 — 44,103 
Operation and maintenance142,212 96 142,308 108,981 111 109,092 
Depreciation and amortization92,469 — 92,469 82,920 — 82,920 
Taxes other than income taxes4,231 — 4,231 6,547 — 6,547 
Allowance for equity funds used during construction(732)— (732)(1,269)— (1,269)
Interest expense36,145 10,447 46,592 32,885 10,950 43,835 
Other segment items (a)
245 (39)206 1,811 (741)1,070 
Income / (loss) before income tax32,902 (10,504)22,398 43,977 (10,320)33,657 
Income tax expense / (benefit)10,594 (3,959)6,635 14,740 (2,130)12,610 
Net income / (loss)$22,308 $(6,545)$15,763 $29,237 $(8,190)$21,047 
Capital expenditures
$149,708 $— $149,708 $278,746 $— $278,746 
Six Months EndedSix Months Ended
 June 30, 2025June 30, 2024
 Utility
Other
TotalUtility
Other
Total
Revenue$916,384 $— $916,384 $805,395 $— $805,395 
Fuel206,482 — 206,482 180,558 — 180,558 
Power purchased66,769 — 66,769 82,736 — 82,736 
Operation and maintenance284,698 218 284,916 224,227 233 224,460 
Depreciation and amortization178,074 — 178,074 163,353 — 163,353 
Taxes other than income taxes13,303 — 13,303 14,442 — 14,442 
Allowance for equity funds used during construction(1,401)— (1,401)(2,100)— (2,100)
Interest expense69,688 20,895 90,583 65,262 22,221 87,483 
Other segment items (a)
792 (20)772 3,968 (1,681)2,287 
Income / (loss) before income tax97,979 (21,093)76,886 72,949 (20,773)52,176 
Income tax expense / (benefit)46,786 (4,211)42,575 20,427 (3,908)16,519 
Net income / (loss)$51,193 $(16,882)$34,311 $52,522 $(16,865)35,657 
Capital expenditures
$296,824 $— $296,824 $537,870 $— $537,870 
As of June 30, 2025As of December 31, 2024
Utility
Other
TotalUtility
Other
Total
Total assets$7,485,203 $5,424 $7,490,627 $7,123,241 $15,784 $7,139,025