Income Taxes |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | (11) Income Taxes
Transfers of Production Tax Credits
In January 2025 and 2026, we entered into agreements with a third party to sell 2024 and 2025 generated PTCs for $16.0 million and $15.3 million, respectively. We expect to continue to explore monetization of our tax credits through third party transferability agreements.
Income Tax (Expense) and Effective Tax Rates
Three Months Ended June 30, 2026, Compared to the Three Months Ended June 30, 2025
Income tax (expense) for the three months ended June 30, 2026, was $(5.2) million compared to $(4.4) million reported for the same period in 2025. For the three months ended June 30, 2026, the effective tax rate was 11.4%, which was comparable to 13.3% for the same period in 2025.
Six Months Ended June 30, 2026, Compared to the Six Months Ended June 30, 2025
Income tax (expense) for the six months ended June 30, 2026, was $(22.8) million compared to $(22.5) million reported for the same period in 2025. For the six months ended June 30, 2026, the effective tax rate was 11.6%, which was comparable to 12.0% for the same period in 2025. |