v3.26.1
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and Cash Equivalents $ 278,383 $ 386,193
Restricted Cash 73,500 0
Receivables, net of allowance for credit losses 199,034 145,496
Inventories 169,980 158,598
Investments 55,320 54,311
Regulatory Assets 19,917 20,437
Other Current Assets 41,219 34,690
Total Current Assets 837,353 799,725
Noncurrent Assets    
Investments 82,666 78,823
Property, Plant and Equipment, net of accumulated depreciation 3,138,430 2,876,685
Regulatory Assets 91,843 86,062
Intangible Assets, net of accumulated amortization 4,108 4,642
Goodwill 37,572 37,572
Other Noncurrent Assets 101,633 80,770
Total Noncurrent Assets 3,456,252 3,164,554
Total Assets 4,293,605 3,964,279
Current Liabilities    
Short-Term Debt 53,847 60,242
Current Maturities of Long-Term Debt 79,977 79,951
Accounts Payable 131,054 93,606
Accrued Salaries and Wages 32,197 35,666
Accrued Taxes 14,236 18,460
Regulatory Liabilities 28,830 16,600
Other Current Liabilities 150,427 46,433
Total Current Liabilities 490,568 350,958
Noncurrent Liabilities    
Pension Benefit Liability 32,001 32,376
Other Postretirement Benefits Liability 32,341 31,813
Regulatory Liabilities 300,720 297,398
Deferred Income Taxes 289,697 305,931
Deferred Tax Credits 14,155 14,321
Other Noncurrent Liabilities 124,363 106,156
Total Noncurrent Liabilities 793,277 787,995
Commitments and Contingencies (Note 10)
Capitalization    
Long-Term Debt 1,132,889 963,566
Shareholders' Equity    
Common Shares: 50,000,000 shares authorized, $5 par value; 41,985,580 and 41,905,520 outstanding at June 30, 2026 and December 31, 2025 209,928 209,528
Additional Paid-In Capital 432,754 434,195
Retained Earnings 1,234,046 1,217,567
Accumulated Other Comprehensive Income 143 470
Total Shareholders' Equity 1,876,871 1,861,760
Total Capitalization 3,009,760 2,825,326
Total Liabilities and Shareholders' Equity $ 4,293,605 $ 3,964,279