The following tables present information about our reportable segments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2026 | | 2025 | | (in millions) | Regulated | Unregulated | Other Businesses and Eliminations (1) | Total | | Regulated | Unregulated | Other Businesses and Eliminations (1) | Total | | Operating revenues, unaffiliated customers | $ | 163.7 | | $ | 38.1 | | $ | 0.1 | | $ | 201.9 | | | $ | 151.4 | | $ | 41.4 | | $ | — | | $ | 192.8 | | Intersegment revenues (2) | 0.6 | | 7.1 | | (7.7) | | — | | | 0.4 | | 6.5 | | (6.9) | | — | | | 164.3 | | 45.2 | | (7.6) | | 201.9 | | | 151.8 | | 47.9 | | (6.9) | | 192.8 | | | Less: | | | | | | | | | | | Natural gas, propane and electric costs | 39.6 | | 19.8 | | (7.7) | | 51.7 | | | 34.1 | | 22.9 | | (7.0) | | 50.0 | | | Operations and maintenance expenses | 43.8 | | 21.0 | | (0.1) | | 64.7 | | | 40.7 | | 20.2 | | — | | 60.9 | | | Depreciation and amortization | 17.3 | | 5.6 | | — | | 22.9 | | | 16.8 | | 5.1 | | — | | 21.9 | | Other segment items (3) | 8.4 | | 1.3 | | — | | 9.7 | | | 8.4 | | 1.2 | | 0.1 | | 9.7 | | | Operating income | $ | 55.2 | | $ | (2.5) | | $ | 0.2 | | 52.9 | | | $ | 51.8 | | $ | (1.5) | | $ | — | | 50.3 | | | Other income, net | | | | 0.5 | | | | | | 0.4 | | | Interest charges | | | | 18.4 | | | | | | 17.8 | | | Income before income taxes | | | | 35.0 | | | | | | 32.9 | | | Income taxes | | | | 9.6 | | | | | | 9.0 | | | Net income | | | | $ | 25.4 | | | | | | $ | 23.9 | | | | | | | | | | | | | Capital expenditures | $ | 113.7 | | $ | 8.6 | | $ | 17.4 | | $ | 139.7 | | | $ | 91.5 | | $ | 7.7 | | $ | 0.7 | | $ | 99.9 | |
(1) Other revenues and other operating income (loss) amounts are attributable to eliminations and unregulated subsidiaries that own real estate leased to the Company. (2) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated revenues. (3) Other segment items for each reportable segment include: Regulated - Other taxes and transaction and transition costs related to the integration of FCG; Unregulated - Other taxes.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2026 | | 2025 | | (in millions) | Regulated | Unregulated | Other Businesses and Eliminations (1) | Total | | Regulated | Unregulated | Other Businesses and Eliminations (1) | Total | | Operating revenues, unaffiliated customers | $ | 412.4 | | $ | 142.6 | | $ | — | | $ | 555.0 | | | $ | 350.6 | | $ | 140.9 | | $ | — | | $ | 491.5 | | Intersegment revenues (2) | 1.2 | | 16.3 | | (17.5) | | — | | | 0.8 | | 13.7 | | (14.5) | | — | | | 413.6 | | 158.9 | | (17.5) | | 555.0 | | | 351.4 | | 154.6 | | (14.5) | | 491.5 | | | Less: | | | | | | | | | | | Natural gas, propane and electric costs | 141.2 | | 74.9 | | (17.5) | | 198.6 | | | 105.6 | | 75.1 | | (14.4) | | 166.3 | | | Operations and maintenance expenses | 95.7 | | 44.5 | | (0.2) | | 140.0 | | | 82.4 | | 42.0 | | (0.1) | | 124.3 | | | Depreciation and amortization | 33.4 | | 11.0 | | — | | 44.4 | | | 34.4 | | 10.0 | | — | | 44.4 | | Other segment items (3) | 16.9 | | 2.8 | | — | | 19.7 | | | 16.7 | | 2.7 | | — | | 19.4 | | | Segment operating income | $ | 126.4 | | $ | 25.7 | | $ | 0.2 | | $ | 152.3 | | | $ | 112.3 | | $ | 24.8 | | $ | — | | $ | 137.1 | | | Other income, net | | | | 0.5 | | | | | | 1.0 | | | Interest charges | | | | 37.1 | | | | | | 35.9 | | | Income before income taxes | | | | 115.7 | | | | | | 102.2 | | | Income taxes | | | | 31.0 | | | | | | 27.4 | | | Net Income | | | | $ | 84.7 | | | | | | $ | 74.8 | | | | | | | | | | | | | Capital expenditures | $ | 207.8 | | $ | 22.1 | | $ | 31.7 | | $ | 261.6 | | | $ | 187.6 | | $ | 22.5 | | $ | 2.7 | | $ | 212.8 | |
(1) Other revenues and other operating income (loss) amounts are attributable to eliminations and unregulated subsidiaries that own real estate leased to the Company. (2) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated revenues. (3) Other segment items for each reportable segment include: Regulated - Other taxes and transaction and transition costs related to the integration of FCG; Unregulated - Other taxes.
| | | | | | | | | | | | | | | | (in millions) | | June 30, 2026 | | December 31, 2025 | | Identifiable Assets | | | | | | Regulated Energy segment | | $ | 3,587.3 | | | $ | 3,425.3 | | | Unregulated Energy segment | | 477.6 | | | 495.0 | | | Other businesses and eliminations | | 108.9 | | | 74.5 | | | Total identifiable assets | | $ | 4,173.8 | | | $ | 3,994.8 | |
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