v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net Income $ 72,610 $ 68,099
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 29,979 29,375
Deferred Tax Credits (40) (192)
Deferred Income Taxes 977 1,797
Investment Losses 1,646 37
Stock Compensation Expense 6,380 5,758
Other, Net (1,565) (969)
Changes in Operating Assets and Liabilities:    
Receivables (37,719) (38,087)
Inventories 1,829 1,526
Regulatory Assets (1,856) (3,091)
Other Assets 7,046 5,732
Accounts Payable 2,979 (16,360)
Accrued and Other Liabilities (17,886) (13,888)
Regulatory Liabilities 6,651 1,652
Pension and Other Postretirement Benefits (420) (1,920)
Net Cash Provided by Operating Activities 70,611 39,469
Investing Activities    
Capital Expenditures (185,281) (58,012)
Proceeds from Disposal of Noncurrent Assets 2,966 1,276
Purchases of Investments and Other Assets (4,693) (4,175)
Net Cash Used in Investing Activities (187,008) (60,911)
Financing Activities    
Net Borrowings (Repayments) of Short-Term Debt 7,729 (10,762)
Proceeds from Issuance of Long-Term Debt 100,000 50,000
Dividends Paid (24,251) (22,003)
Payments for Shares Withheld for Employee Tax Obligations (3,973) (3,134)
Other, net (947) (2,496)
Net Cash Provided by Financing Activities 78,558 11,605
Net Change in Cash and Cash Equivalents (37,839) (9,837)
Cash and Cash Equivalents at Beginning of Period 386,193 294,651
Cash and Cash Equivalents at End of Period 348,354 284,814
Supplemental Disclosure of Noncash Investing Activities    
Accrued Property, Plant and Equipment Additions $ 62,827 $ 14,292