v3.26.1
Condensed Consolidated Statements Of Cash Flow - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 330,117 $ 391,616
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 224,021 202,896
Deferred income taxes 5,048 (16,704)
Provision for doubtful accounts 9,300 8,620
Stock-based compensation 7,214 6,909
Gain on sale of utility system and other assets (939) (493)
Net change in receivables, deferred purchased gas costs, inventory and prepayments 81,141 35,915
Net change in payables, accrued interest, accrued taxes and other accrued liabilities (65,378) (44,062)
Other, net (1,544) (12,863)
Net cash flows from operating activities 588,980 571,834
Cash flows from investing activities:    
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $3,597 and $4,145 (662,167) (612,629)
Acquisitions of utility systems, net (23,157) (20,536)
Proceeds from the sale of utility systems and other assets 983 537
Convertible note investment 20,000  
Other, net (1,623) (201)
Net cash flows used in investing activities (665,964) (632,829)
Cash flows from financing activities:    
Customers' advances and contributions in aid of construction 17,530 10,154
Repayments of customers' advances (1,964) (2,192)
Net repayments of short-term debt (109,139) (168,502)
Net repayments (proceeds) from commercial paper program (183,277) 567,400
Proceeds from other long-term debt 521,520 985,725
Repayments of other long-term debt (6,972) (1,307,301)
Change in cash overdraft position (10,595) (42,261)
Proceeds from issuance of common stock under dividend reinvestment plan 7,519 7,569
Proceeds from issuance of common stock from at-the-market sale agreement 12,539 208,576
Proceeds from exercised stock options 767 417
Repurchase of common stock (2,945) (2,237)
Dividends paid on common stock (194,169) (180,713)
Other, net 26 275
Net cash flows from financing activities 50,840 76,910
Net change in cash and cash equivalents (26,144) 15,915
Cash and cash equivalents at beginning of period 34,778 9,156
Cash and cash equivalents at end of period 8,634 25,071
Non-cash investing activities:    
Property, plant and equipment additions purchased at the period end, but not yet paid for 148,519 123,154
Non-cash utility property contributions $ 9,741 $ 9,122