Three Months Ended

Three Months Ended

June 30, 2026

June 30, 2025

Regulated Water

Regulated Natural Gas

Total Reportable Segments

Other and Elims

Consolidated

Regulated Water

Regulated Natural Gas

Total Reportable Segments

Other and Elims

Consolidated

Revenues from external customers

$

357,544 

$

168,800 

$

526,344 

$

4,510 

$

530,854 

$

332,282 

$

176,761 

$

509,043 

$

5,864 

$

514,907 

Intersegment revenues

-

479 

479 

(479)

-

-

560 

560 

(560)

-

Total operating revenues

$

357,544 

$

169,279 

$

526,823 

$

4,031 

$

530,854 

$

332,282 

$

177,321 

$

509,603 

$

5,304 

$

514,907 

Operations and maintenance expense

$

109,354 

$

49,944 

$

159,298 

$

(5,663)

$

153,635 

$

100,149 

$

49,786 

$

149,935 

$

(1,425)

$

148,510 

Purchased gas

$

-

$

44,338 

$

44,338 

$

1,863 

$

46,201 

$

-

$

53,532 

$

53,532 

$

3,203 

$

56,735 

Depreciation and amortization

$

72,027 

$

40,792 

$

112,819 

$

473 

$

113,292 

$

64,731 

$

38,299 

$

103,030 

$

489 

$

103,519 

Taxes other than income taxes

$

18,259 

$

5,486 

$

23,745 

$

708 

$

24,453 

$

17,655 

$

2,491 

$

20,146 

$

726 

$

20,872 

Interest expense, net

$

39,974 

$

28,078 

$

68,052 

$

20,549 

$

88,601 

$

37,032 

$

25,833 

$

62,865 

$

16,643 

$

79,508 

Allowance for funds used during construction

$

(4,112)

$

(1,627)

$

(5,739)

$

-

$

(5,739)

$

(5,622)

$

(1,405)

$

(7,027)

$

-

$

(7,027)

Other segment items ^(a)

$

(1,882)

$

(180)

$

(2,062)

$

3,357 

$

1,295 

$

17 

$

(127)

$

(110)

$

501 

$

391 

Provision for income taxes (benefit)

$

20,442 

$

(1,714)

$

18,728 

$

(15,337)

$

3,391 

$

17,840 

$

(8,604)

$

9,236 

$

(4,664)

$

4,572 

Net income (loss)

$

103,482 

$

4,162 

$

107,644 

$

(1,919)

$

105,725 

$

100,480 

$

17,516 

$

117,996 

$

(10,169)

$

107,827 

Six Months Ended

Six Months Ended

June 30, 2026

June 30, 2025

Regulated Water

Regulated Natural Gas

Total Reportable Segments

Other and Elims

Consolidated

Regulated Water

Regulated Natural Gas

Total Reportable Segments

Other and Elims

Consolidated

Revenues from external customers

$

680,519 

697,258 

$

1,377,777 

14,836 

$

1,392,613 

$

633,130 

646,212 

1,279,342

$

19,191 

$

1,298,533 

Intersegment revenues

-

1,433 

1,433 

(1,433)

-

-

1,906 

1,906 

(1,906)

-

Total operating revenues

$

680,519 

$

698,691 

$

1,379,210 

$

13,403 

$

1,392,613 

$

633,130 

$

648,118 

$

1,281,248

$

17,285 

$

1,298,533 

Operations and maintenance expense

$

212,476 

$

106,177 

$

318,653 

$

10,777 

$

329,430 

$

189,567 

$

105,461 

$

295,028 

$

(8,694)

$

286,334 

Purchased gas

$

-

$

277,640 

$

277,640 

$

7,176 

$

284,816 

$

-

$

230,491 

$

230,491 

$

10,885 

$

241,376 

Depreciation and amortization

$

141,718 

$

81,372 

$

223,090 

$

931 

$

224,021 

$

125,360 

$

76,638 

$

201,998 

$

898 

$

202,896 

Taxes other than income taxes

$

36,545 

$

11,515 

$

48,060 

$

2,373 

$

50,433 

$

33,247 

$

8,245 

$

41,492 

$

2,259 

$

43,751 

Interest expense, net

$

79,855 

$

55,823 

$

135,678 

$

38,619 

$

174,297 

$

73,595 

$

51,973 

$

125,568 

$

35,776 

$

161,344 

Allowance for funds used during construction

$

(8,812)

$

(2,687)

$

(11,499)

$

-

$

(11,499)

$

(10,354)

$

(2,505)

$

(12,859)

$

-

$

(12,859)

Other segment items ^(a)

$

(1,200)

$

(363)

$

(1,563)

$

2,783 

$

1,220 

$

44 

$

(254)

$

(210)

$

308 

$

98 

Provision for income taxes (benefit)

$

35,137 

$

(27,178)

$

7,959 

$

1,819 

$

9,778 

$

13,269 

$

(28,952)

$

(15,683)

$

(340)

$

(16,023)

Net income (loss)

$

184,800 

$

196,392 

$

381,192 

$

(51,075)

$

330,117 

$

208,402 

$

207,021 

$

415,423 

$

(23,807)

$

391,616 

Capital expenditures

$

363,627 

$

298,540 

$

662,167 

$

-

$

662,167 

$

316,378 

$

296,251 

$

612,629 

$

-

$

612,629