v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Utility plant:    
Utility plant $ 6,297,996 $ 5,909,242
Less accumulated depreciation and amortization (1,367,753) (1,329,652)
Net utility plant 4,930,243 4,579,590
Current assets:    
Cash and cash equivalents 45,117 51,820
Restricted cash 45,834 45,553
Receivables:    
Customers, net 80,740 56,322
Short-term regulatory assets 86,507 72,511
Other, net 37,202 49,004
Accrued and unbilled revenue, net 64,122 39,674
Materials and supplies 18,360 19,784
Taxes, prepaid expenses, and other assets 29,697 19,760
Total current assets 407,579 354,428
Other assets:    
Regulatory assets 320,115 339,865
Goodwill 37,063 37,063
Other 379,373 360,219
Total other assets 736,551 737,147
TOTAL ASSETS 6,074,373 5,671,165
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 62,877 and 59,638 outstanding on September 30, 2026 and December 31, 2025, respectively 629 596
Additional paid-in capital 1,121,845 973,454
Retained earnings 794,184 729,276
Accumulated other comprehensive loss (12,768) (13,922)
Noncontrolling interest 2,639 2,571
Total equity 1,906,529 1,691,975
Long-term debt, net 1,472,021 1,471,968
Total capitalization 3,378,550 3,163,943
Current liabilities:    
Current maturities of long-term debt, net 316 2,270
Short-term borrowings 175,000 130,000
Accounts payable 207,633 175,729
Short-term regulatory liabilities 89,889 25,458
Accrued other taxes 12,635 6,048
Accrued interest 23,309 12,976
Other accrued liabilities 66,068 65,683
Total current liabilities 574,850 418,164
Deferred income taxes 473,399 450,946
Regulatory liabilities 920,323 929,814
Pension 95,677 94,226
Advances for construction 213,334 210,638
Contributions in aid of construction 307,951 297,016
Other long-term liabilities 110,289 106,418
Commitments and contingencies (Note 9)
TOTAL CAPITALIZATION AND LIABILITIES $ 6,074,373 $ 5,671,165