Income Taxes |
6 Months Ended |
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Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes We entered into a TEI of $42.1 million during the three months ended June 30, 2026. The TEI owns projects related to solar energy and produces tax credits under Section 48 and 48E of the Internal Revenue Code. The initial investment is included in “Payment for tax equity investment” on the Condensed Consolidated Statement of Cash Flows. As of June 30, 2026, the remaining unamortized balance of the investment totaled $25.2 million and was included within “” on our Condensed Consolidated Balance Sheets. We recognized net tax benefits of $7.1 million related to our tax equity investment during the three months ended June 30, 2026. These recognized net tax benefits were recorded within “Income tax provision” on our Condensed Consolidated Statements of Comprehensive Income. The net tax benefits include tax credits and other income tax benefits of $24.0 million, which were partially offset by amortization expense of $16.9 million during the three months ended June 30, 2026. The amortization expense is presented in “Amortization of tax equity investment” on the Condensed Consolidated Statement of Cash Flows.
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