v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Property, Plant and Equipment    
Regulated Energy $ 3,076.1 $ 2,941.6
Unregulated Energy 514.3 492.4
Other Businesses and Eliminations 43.0 38.3
Total property, plant and equipment 3,633.4 3,472.3
Less: Accumulated depreciation and amortization (657.5) (637.6)
Plus: Construction work in progress 376.6 283.7
Net property, plant and equipment 3,352.5 3,118.4
Current Assets    
Cash and cash equivalents 0.4 1.8
Trade and other receivables 100.2 106.9
Less: Allowance for credit losses (7.9) (5.4)
Trade and other receivables, net 92.3 101.5
Accrued revenue 30.5 50.1
Propane inventory, at average cost 6.6 8.8
Other inventory, at average cost 17.1 17.9
Regulatory assets 19.6 29.7
Storage gas prepayments 2.9 4.5
Prepaid expenses 15.5 19.7
Derivative assets, at fair value 0.2 0.0
Other current assets 2.9 3.0
Total current assets 188.0 237.0
Deferred Charges and Other Assets    
Goodwill 507.5 507.5
Other intangible assets, net 12.5 13.2
Investments, at fair value 18.7 17.2
Derivative assets, at fair value 0.1 0.0
Operating lease right-of-use assets 8.9 9.9
Regulatory assets 72.9 74.3
Receivables and other deferred charges 12.7 17.3
Total deferred charges and other assets 633.3 639.4
Total Assets 4,173.8 3,994.8
Stockholders’ equity    
Preferred stock, par value $0.01 per share (authorized 2,000,000 shares), no shares issued and outstanding 0.0 0.0
Common stock, par value $0.4867 per share (authorized 75,000,000 shares) 11.7 11.6
Additional paid-in capital 986.7 962.8
Retained earnings 676.7 626.8
Accumulated other comprehensive loss (1.7) (2.7)
Deferred compensation obligation 17.5 12.6
Treasury stock (17.5) (12.6)
Total stockholders’ equity 1,673.4 1,598.5
Long-term debt, net of current maturities 1,317.9 1,327.1
Total capitalization 2,991.3 2,925.6
Current Liabilities    
Current portion of long-term debt 131.7 134.6
Short-term borrowing 238.1 158.0
Accounts payable 93.6 115.2
Customer deposits and refunds 50.2 45.1
Accrued interest 8.8 8.7
Dividends payable 17.7 16.4
Accrued compensation 13.0 21.6
Regulatory liabilities 16.3 14.5
Derivative liabilities, at fair value 0.3 0.8
Other accrued liabilities 25.0 15.0
Total current liabilities 594.7 529.9
Deferred Credits and Other Liabilities    
Deferred income taxes 346.6 313.3
Regulatory liabilities 203.3 188.1
Environmental liabilities 3.2 2.9
Other pension and benefit costs 15.2 14.0
Derivative liabilities, at fair value 0.1 0.6
Operating lease - liabilities 7.0 7.9
Deferred investment tax credits and other liabilities 12.4 12.5
Total deferred credits and other liabilities 587.8 539.3
Environmental and other commitments and contingencies (Notes 6 and 7)
Total Capitalization and Liabilities $ 4,173.8 $ 3,994.8
Preferred stock, shares issued (shares) 0 0