v3.26.1
Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Revenues $ 939,703 $ 746,392 $ 1,686,150 $ 1,490,462
Expenses        
Total expenses 735,489 692,645 1,428,559 1,374,295
Operating income (loss)        
Operating income (loss) 204,214 53,747 257,591 116,167
Retirement defined benefits credit—other than service costs 879 919 1,758 1,836
Interest expense, net (Note 2) (48,383) (27,256) (79,511) (61,468)
Allowance for borrowed funds used during construction 1,997 1,462 3,702 2,879
Interest income   7,579   20,202
Allowance for equity funds used during construction 4,387 3,702 8,151 7,287
Interest and dividend income 5,284 7,579 15,279 20,202
Loss on sale of a subsidiary and impairment loss on assets held for sale (3,716) (178) (3,716) (13,389)
Income before income taxes 164,662 39,975 203,254 73,514
Income tax expense 41,462 13,417 49,604 19,812
Net income 123,200 26,558 153,650 53,702
Preferred stock dividends of subsidiaries 0 473 0 946
Net income for common stock $ 123,200 $ 26,085 $ 153,650 $ 52,756
Basic earnings per common share (in dollars per share) $ 0.71 $ 0.15 $ 0.89 $ 0.31
Diluted earnings per common share (in dollars per share) $ 0.71 $ 0.15 $ 0.89 $ 0.31
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding (in shares) 172,637 172,496 172,632 172,487
Net effect of potentially dilutive shares (share-based compensation programs) (in shares) 585 159 721 345
Weighted-average shares assuming dilution (in shares) 173,222 172,655 173,353 172,832
Electric utility        
Revenues        
Revenues $ 936,864 $ 742,482 $ 1,680,904 $ 1,480,848
Expenses        
Total expenses 718,300 677,938 1,399,807 1,340,367
Operating income (loss)        
Operating income (loss) 218,564 64,544 281,097 140,481
Other        
Revenues        
Revenues 2,839 3,910 5,246 9,614
Expenses        
Total expenses 17,189 14,707 28,752 33,928
Operating income (loss)        
Operating income (loss) $ (14,350) $ (10,797) $ (23,506) $ (24,314)