v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues        
Total Operating Revenues $ 334,383 $ 333,043 $ 681,409 $ 670,396
Operating Expenses        
Electric Production Fuel 10,613 16,292 31,385 30,613
Electric Purchased Power 13,270 15,497 40,282 46,367
Electric Operating and Maintenance Expenses 54,692 46,804 104,948 95,685
Cost of Products Sold (excluding depreciation) 118,409 105,966 225,947 210,353
Nonelectric Selling, General, and Administrative Expenses 22,169 17,352 43,940 38,644
Depreciation and Amortization 30,811 29,447 60,789 58,822
Electric Property Taxes 5,121 4,227 9,583 8,455
Legal Settlement Expenses 103,500 0 103,500 0
Total Operating Expenses 358,585 235,585 620,374 488,939
Operating Income (Loss) (24,202) 97,458 61,035 181,457
Other Income and (Expense)        
Interest Expense (12,890) (11,720) (25,526) (23,273)
Nonservice Components of Postretirement Benefits 1,050 854 1,494 2,136
Other Income (Expense), net 7,278 4,788 11,720 9,244
Income (Loss) Before Income Taxes (28,764) 91,380 48,723 169,564
Income Tax (Benefit) Expense (21,157) 13,652 (16,280) 23,737
Net Income (Loss) $ (7,607) $ 77,728 $ 65,003 $ 145,827
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 41,955 41,874 41,929 41,850
Diluted (in shares) 41,955 42,118 42,100 42,090
Earnings (Loss) Per Share:        
Basic (in dollars per share) $ (0.18) $ 1.86 $ 1.55 $ 3.48
Diluted (in dollars per share) $ (0.18) $ 1.85 $ 1.54 $ 3.46
Electric        
Operating Revenues        
Total Operating Revenues $ 121,320 $ 128,731 $ 287,188 $ 278,451
Product Sales        
Operating Revenues        
Total Operating Revenues $ 213,063 $ 204,312 $ 394,221 $ 391,945