v3.26.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 128,673 $ 119,419
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76,785 81,704
Deferred income tax provision 23,293 19,146
Share-based compensation expense 3,837 3,656
Provision for doubtful accounts 2,896 2,331
Changes in assets and liabilities:    
Accounts receivable 53,578 (40,690)
Materials and supplies 4,608 3,681
Natural gas in storage 52,531 92,498
Asset removal costs (13,081) (11,089)
Accounts payable (78,600) (72,871)
Accrued taxes other than income (4,296) 2,245
Customer deposits 2,030 (1,320)
Regulatory assets and liabilities, current, net (51,927) 73,872
Regulatory assets and liabilities, noncurrent, net 5,894 9,425
Other current assets and liabilities, net (26,105) (11,650)
Other noncurrent assets and liabilities, net (3,803) 7,102
Cash provided by operating activities 176,313 277,459
Investing activities    
Capital expenditures (156,533) (166,597)
Payments for Other Investing Activities (2,697) (2,427)
Proceeds from Sale of Other Assets, Investing Activities 5,130 1,179
Cash used in investing activities (154,100) (167,845)
Financing activities    
Borrowings (repayments) of short-term debt, net 22,300 (102,700)
Repayments of Other Long-Term Debt (4) (4)
Repayment of securitized utility tariff bonds (15,356) (14,547)
Dividends paid (42,678) (40,153)
Payment, Tax Withholding, Share-based Payment Arrangement (4,050) (2,559)
Proceeds from Advance for and Contribution in Aid of Construction, Financing Activity 6,841 0
Cash used in financing activities (32,947) (159,963)
Change in cash and cash equivalents (10,734) (50,349)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 33,727 78,537
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 22,993 28,188
Interest Paid, Excluding Capitalized Interest 32,628 36,268
Income Tax Paid, State and Local, after Refund Received 0 0
Income Tax Paid, Federal, after Refund Received $ 0 $ 0