v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net Income $ 59.3 $ 50.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21.5 22.5
Depreciation and accretion included in other costs 4.3 4.0
Deferred income taxes 20.0 16.5
Realized loss on commodity contracts and sale of assets 0.0 (1.1)
Unrealized loss on investments and commodity contracts 0.4 0.4
Employee benefits and compensation 0.1 0.0
Share-based compensation 3.5 2.3
Changes in assets and liabilities:    
Accounts receivable and accrued revenue (11.3) (13.9)
Propane inventory, storage gas and other inventory 5.2 1.6
Regulatory assets and liabilities, net 1.4 3.6
Prepaid expenses and other current assets 1.3 1.6
Accounts payable and other accrued liabilities 9.4 2.9
Income taxes receivable 5.0 1.9
Customer deposits and refunds (3.2) (3.7)
Accrued compensation (11.5) (14.6)
Other assets and liabilities, net 3.7 (1.3)
Net cash provided by operating activities 118.0 85.0
Investing Activities    
Property, plant and equipment expenditures (141.9) (113.8)
Proceeds from sale of assets 0.1 0.6
Environmental expenditures (0.1) (0.1)
Net cash used in investing activities (141.7) (113.1)
Financing Activities    
Common stock dividends (16.2) (14.5)
Proceeds from issuance of common stock, net of expenses 5.2 19.8
Tax withholding payments related to net settled stock compensation (2.0) (1.0)
Change in cash overdrafts due to outstanding checks (0.4) (1.7)
Net borrowings under line of credit agreements 42.0 20.3
Repayment of long-term debt and finance lease obligation (2.0) (2.0)
Net cash provided by financing activities 26.6 20.9
Net Increase (Decrease) in Cash and Cash Equivalents 2.9 (7.2)
Cash and Cash Equivalents—Beginning of Period 1.8 7.9
Accrued compensation (11.5) (14.6)
Net Income 59.3 50.9
Depreciation and amortization 21.5 22.5
Depreciation and accretion included in other costs 4.3 4.0
Deferred Income Tax Expense (Benefit) 20.0 16.5
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 0.0 1.1
Unrealized Gain (Loss) on Commodity Contracts (0.4) (0.4)
Employee benefits and compensation 0.1 0.0
Share-based compensation 3.5 2.3
Increase (Decrease) in Accounts Receivable 11.3 13.9
Increase (Decrease) in Inventories (5.2) (1.6)
Increase (Decrease) in Regulatory Assets and Liabilities (1.4) (3.6)
Increase (Decrease) in Prepaid Expense and Other Assets (1.3) (1.6)
Accounts payable and other accrued liabilities 9.4 2.9
Increase (Decrease) in Income Taxes Receivable (5.0) (1.9)
Customer deposits and refunds (3.2) (3.7)
Increase (Decrease) in Interest Payable, Net 8.9 11.4
Increase (Decrease) in Other Operating Assets and Liabilities, Net (3.7) 1.3
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 118.0 85.0
Payments to Acquire Property, Plant, and Equipment 141.9 113.8
Proceeds from sale of assets 0.1 0.6
Environmental expenditures (0.1) (0.1)
Net cash used in investing activities (141.7) (113.1)
Payments of Ordinary Dividends, Common Stock 16.2 14.5
Proceeds from issuance of common stock, net of expenses 5.2 19.8
Payment, Tax Withholding, Share-based Payment Arrangement 2.0 1.0
Change in cash overdrafts due to outstanding checks (0.4) (1.7)
Net borrowings under line of credit agreements 42.0 20.3
Repayments of Long-term Debt 2.0 2.0
Net cash provided by financing activities 26.6 20.9
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 2.9 (7.2)
Cash and cash equivalents $ 4.7 $ 0.7