v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Electric $ 324,254 $ 279,468 $ 686,308 $ 614,951
Gas 68,345 63,245 203,861 194,392
Total Revenues 392,599 342,713 890,169 809,343
Operating expenses        
Fuel, purchased supply and direct transmission expense (exclusive of depreciation and depletion shown separately below) 89,823 75,271 235,388 213,468
Operating, general, and administrative 79,095 62,336 153,635 119,045
Administrative and general 42,356 33,773 88,475 75,130
Property and other taxes 50,101 48,168 100,505 91,408
Depreciation and depletion 66,978 62,379 133,809 124,779
Total Operating Expenses 328,353 281,927 711,812 623,830
Operating income 64,246 60,786 178,357 185,513
Interest expense, net (40,332) (36,254) (80,248) (72,765)
Other income, net 4,546 78 7,603 4,006
Income before income taxes 28,460 24,610 105,712 116,754
Income tax expense (3,466) (3,382) (17,262) (18,586)
Net Income $ 24,994 $ 21,228 $ 88,450 $ 98,168
Average Common Shares Outstanding 61,508,960 61,380,777 61,484,991 61,360,252
Basic Earnings per Average Common Share $ 0.41 $ 0.35 $ 1.44 $ 1.60
Diluted Earnings per Average Common Share 0.40 0.35 1.43 1.60
Dividends Declared per Common Share $ 0.670 $ 0.660 $ 1.340 $ 1.320