v3.26.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 175,481 $ 151,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 153,025 161,018
Deferred income tax provision 32,478 23,684
Share-based compensation expense 8,174 7,524
Provision for doubtful accounts 5,026 4,085
Changes in assets and liabilities:    
Accounts receivable 205,744 141,290
Materials and supplies 923 (3,886)
Income tax receivable 55,552 0
Natural gas in storage 18,232 26,736
Asset removal costs (27,861) (20,718)
Accounts payable (108,977) (121,593)
Accrued taxes other than income (18,173) (16,159)
Customer deposits 502 (2,235)
Regulatory assets and liabilities, current, net (74,156) 78,329
Regulatory assets and liabilities, noncurrent, net 3,691 21,198
Other current assets and liabilities, net (28,437) (12,271)
Other noncurrent assets and liabilities, net (13,893) 10,355
Cash provided by operating activities 387,331 448,809
Investing activities    
Capital expenditures (330,035) (347,065)
Payments for Other Investing Activities (6,691) (4,075)
Proceeds from Sale of Other Assets, Investing Activities 6,982 2,629
Cash used in investing activities (329,744) (348,511)
Financing activities    
Borrowings (repayments) of short-term debt, net 33,400 (42,200)
Proceeds from Issuance of Common Stock 3,894 3,561
Repayments of Other Long-Term Debt (7) (8)
Repayment of securitized utility tariff bonds (15,356) (14,547)
Dividends paid (85,356) (80,306)
Payment, Tax Withholding, Share-based Payment Arrangement (4,161) (2,614)
Proceeds from Advance for and Contribution in Aid of Construction, Financing Activity 6,841 0
Cash used in financing activities (60,745) (136,114)
Change in cash and cash equivalents (3,158) (35,816)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 33,727 78,537
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 30,569 42,721
Interest Paid, Excluding Capitalized Interest 62,407 69,972
Income Tax Paid, State and Local, after Refund Received 1,150 715
Income Tax Paid, Federal, after Refund Received $ (50,302) $ 7,013