v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Property, plant and equipment, at cost $ 16,857,483 $ 16,275,377
Less: accumulated depreciation 3,278,033 3,131,901
Net property, plant and equipment 13,579,450 13,143,476
Current assets:    
Cash and cash equivalents 25,071 9,156
Accounts receivable, net 198,500 166,522
Unbilled revenues 82,300 142,310
Inventory - materials and supplies 51,116 48,619
Inventory - gas stored 39,376 45,311
Prepayments and other current assets 29,430 41,139
Regulatory assets 13,585 32,854
Total current assets 439,378 485,911
Regulatory assets 2,058,316 1,907,786
Deferred charges and other assets, net 103,381 112,712
Funds restricted for construction activity 1,433 1,420
Goodwill 2,340,709 2,340,713
Operating lease right-of-use assets 28,506 31,263
Intangible assets 3,112 3,273
Total assets 18,554,285 18,026,554
Stockholders' equity:    
Common stock at $0.50 par value, authorized 600,000,000 shares, issued 283,901,142 and 278,209,660 as of June 30, 2025 and December 31, 2024 141,951 139,105
Capital in excess of par value 4,420,240 4,199,836
Retained earnings 2,249,401 1,949,492
Treasury stock, at cost, 3,434,542 and 3,386,069 shares as of June 30, 2025 and December 31, 2024 (91,390) (89,624)
Total stockholders' equity 6,720,202 6,198,809
Long-term debt, excluding current portion 7,669,795 7,416,289
Less: debt issuance costs and unamortized discount on debt 46,801 47,908
Long-term debt, excluding current portion, net of debt issuance costs and unamortized discount on debt 7,622,994 7,368,381
Commitments and contingencies (See Note 14)
Current liabilities:    
Current portion of long-term debt 132,138 142,807
Loans payable 18,040 186,542
Accounts payable 198,132 258,615
Book overdraft 5,453 47,714
Accrued interest 72,158 72,281
Accrued taxes 24,483 38,219
Regulatory liabilities 1,709 1,770
Dividends payable   89,441
Other accrued liabilities 146,650 137,279
Total current liabilities 598,763 974,668
Deferred credits and other liabilities:    
Deferred income taxes and investment tax credits 2,002,082 1,831,868
Customers' advances for construction 113,268 113,323
Regulatory liabilities 721,488 764,745
Operating lease liabilities 24,482 27,447
Pension and other postretirement benefit liabilities 36,699 33,680
Other 23,540 24,788
Total deferred credits and other liabilities 2,921,559 2,795,851
Contributions in aid of construction 690,767 688,845
Total liabilities and equity $ 18,554,285 $ 18,026,554