v3.26.1
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and Cash Equivalents $ 348,354 $ 386,193
Receivables, net of allowance for credit losses 183,215 145,496
Inventories 157,055 158,598
Investments 54,887 54,311
Regulatory Assets 25,431 20,437
Other Current Assets 30,018 34,690
Total Current Assets 798,960 799,725
Noncurrent Assets    
Investments 78,684 78,823
Property, Plant and Equipment, net of accumulated depreciation 3,064,991 2,876,685
Regulatory Assets 86,942 86,062
Intangible Assets, net of accumulated amortization 4,381 4,642
Goodwill 37,572 37,572
Other Noncurrent Assets 81,279 80,770
Total Noncurrent Assets 3,353,849 3,164,554
Total Assets 4,152,809 3,964,279
Current Liabilities    
Short-Term Debt 67,971 60,242
Current Maturities of Long-Term Debt 79,964 79,951
Accounts Payable 132,821 93,606
Accrued Salaries and Wages 27,875 35,666
Accrued Taxes 19,414 18,460
Regulatory Liabilities 19,102 16,600
Other Current Liabilities 44,734 46,433
Total Current Liabilities 391,881 350,958
Noncurrent Liabilities    
Pension Benefit Liability 32,189 32,376
Other Postretirement Benefits Liability 32,128 31,813
Regulatory Liabilities 302,075 297,398
Deferred Income Taxes 307,852 305,931
Deferred Tax Credits 14,281 14,321
Other Noncurrent Liabilities 101,447 106,156
Total Noncurrent Liabilities 789,972 787,995
Commitments and Contingencies (Note 10)
Capitalization    
Long-Term Debt 1,063,164 963,566
Shareholders' Equity    
Common Shares: 50,000,000 shares authorized, $5 par value; 41,953,525 and 41,905,520 outstanding at March 31, 2026 and December 31, 2025 209,768 209,528
Additional Paid-In Capital 431,829 434,195
Retained Earnings 1,265,926 1,217,567
Accumulated Other Comprehensive Income 269 470
Total Shareholders' Equity 1,907,792 1,861,760
Total Capitalization 2,970,956 2,825,326
Total Liabilities and Shareholders' Equity $ 4,152,809 $ 3,964,279