v3.26.1
Business segment data (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Information on the Company's segments was as follows:
Three Months Ended June 30, 2026ElectricNatural gas distributionPipelineOtherConsolidated
(In thousands)
Operating revenues:
External operating revenues$115,916 $212,647 $46,740 $— $375,303 
Intersegment operating revenues124 86 10,052 201 10,463 
Purchased natural gas sold:
External purchased natural gas sold— 93,538 — — 93,538 
Intersegment purchased natural gas sold— 9,900 — — 9,900 
Electric fuel and purchased power38,674 — — — 38,674 
Operation and maintenance:
External operation and maintenance31,015 60,741 22,247 13 114,016 
Intersegment operation and maintenance124 86 152 201 563 
Depreciation and amortization20,287 26,639 8,257 — 55,183 
Taxes, other than income5,368 16,806 3,773 — 25,947 
Other income:
External other income1,842 3,865 242 278 6,227 
Intersegment other income— — 76 326 402 
Interest expense:
External interest expense11,094 15,945 3,801 708 31,548 
Intersegment interest expense— — 402 — 402 
Income tax expense (benefit)(3,343)(3,215)4,042 5,867 3,351 
Income (loss) from continuing operations14,663 (3,842)14,436 (5,984)19,273 
Discontinued operations, net of tax— — — 1,967 1,967 
Net income (loss)
$14,663 $(3,842)$14,436 $(4,017)$21,240 
Three Months Ended June 30, 2025ElectricNatural gas distributionPipelineOtherConsolidated
(In thousands)
Operating revenues:
External operating revenues$97,886 $206,794 $46,507 $(1)$351,186 
Intersegment operating revenues140 92 9,796 180 10,208 
Purchased natural gas sold:
External purchased natural gas sold— 96,057 — — 96,057 
Intersegment purchased natural gas sold— 9,751 — — 9,751 
Electric fuel and purchased power34,891 — — — 34,891 
Operation and maintenance:
External operation and maintenance29,823 60,456 22,352 256 112,887 
Intersegment operation and maintenance140 92 45 180 457 
Depreciation and amortization17,393 26,471 7,989 — 51,853 
Taxes, other than income4,648 16,935 3,583 — 25,166 
Other income:
External other income2,726 5,095 1,616 508 9,945 
Intersegment other income— — 90 1,061 1,151 
Interest expense:
External interest expense7,614 13,745 3,135 951 25,445 
Intersegment interest expense— — 1,151 — 1,151 
Income tax expense (benefit)(4,254)(4,170)4,337 4,742 655 
Income (loss) from continuing operations
10,497 (7,356)15,417 (4,381)14,177 
Discontinued operations, net of tax— — — (397)(397)
Net income (loss)
$10,497 $(7,356)$15,417 $(4,778)$13,780 
Six Months Ended June 30, 2026ElectricNatural gas distributionPipelineOtherConsolidated
(In thousands)
Operating revenues:
External operating revenues$236,934 $674,994 $69,352 $— $981,280 
Intersegment operating revenues291 175 44,512 400 45,378 
Purchased natural gas sold:
External purchased natural gas sold— 332,929 — — 332,929 
Intersegment purchased natural gas sold— 44,320 — — 44,320 
Electric fuel and purchased power84,741 — — — 84,741 
Operation and maintenance:
External operation and maintenance59,720 125,867 43,016 318 228,921 
Intersegment operation and maintenance291 175 192 400 1,058 
Depreciation and amortization39,914 52,972 16,476 — 109,362 
Taxes, other than income10,888 43,258 7,531 — 61,677 
Other income:
External other income2,293 6,135 (181)585 8,832 
Intersegment other income— — 191 1,131 1,322 
Interest expense:
External interest expense23,005 32,231 6,903 2,094 64,233 
Intersegment interest expense— — 1,322 — 1,322 
Income tax (benefit) expense
(8,255)9,211 8,744 (1,671)8,029 
Income from continuing operations29,214 40,341 29,690 975 100,220 
Discontinued operations, net of tax— — — 1,837 1,837 
Net income$29,214 $40,341 $29,690 $2,812 $102,057 
Six Months Ended June 30, 2025ElectricNatural gas distributionPipelineOtherConsolidated
(In thousands)
Operating revenues:
External operating revenues$210,147 $746,041 $69,831 $— $1,026,019 
Intersegment operating revenues318 187 43,132 358 43,995 
Purchased natural gas sold:
External purchased natural gas sold— 413,214 — — 413,214 
Intersegment purchased natural gas sold— 43,074 — — 43,074 
Electric fuel and purchased power78,639 — — — 78,639 
Operation and maintenance:
External operation and maintenance58,230 123,939 41,592 173 223,934 
Intersegment operation and maintenance318 187 58 358 921 
Depreciation and amortization34,576 52,593 15,945 — 103,114 
Taxes, other than income9,463 47,563 6,897 — 63,923 
Other income:
External other income3,718 8,396 1,923 905 14,942 
Intersegment other income— — 213 2,047 2,260 
Interest expense:
External interest expense15,501 28,621 6,256 1,889 52,267 
Intersegment interest expense— — 2,260 — 2,260 
Income tax (benefit) expense
(7,985)8,131 9,464 (384)9,226 
Income from continuing operations25,441 37,302 32,627 1,274 96,644 
Discontinued operations, net of tax— — — (899)(899)
Net income$25,441 $37,302 $32,627 $375 $95,745 
Schedule of Reconciliation of Revenue from Segments to Consolidated
A reconciliation of reportable segment operating revenues to consolidated operating revenues is as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026 2025 2026 2025 
(In thousands)
Operating revenues reconciliation:
Total reportable segment operating revenues$385,565 $361,215 $1,026,258 $1,069,656 
Other revenue201 179 400 358 
Elimination of intersegment operating revenues(10,463)(10,208)(45,378)(43,995)
Total consolidated operating revenues$375,303 $351,186 $981,280 $1,026,019