v3.26.3
Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Line Items]  
Segment Reporting [Table Text Block]
The following table provides information about IPALCO’s business segments (in thousands):

Three Months EndedThree Months Ended
September 30, 2026September 30, 2025
Utility
Other
TotalUtility
Other
Total
Revenue$582,128 $— $582,128 $529,344 $— $529,344 
Fuel116,775 — 116,775 138,017 — 138,017 
Power purchased61,354 — 61,354 38,604 — 38,604 
Operation and maintenance148,102 79 148,181 134,885 156 135,041 
Depreciation and amortization95,494 — 95,494 93,239 — 93,239 
Taxes other than income taxes10,374 — 10,374 6,262 — 6,262 
Allowance for equity funds used during construction(2,204)— (2,204)(622)— (622)
Interest expense38,326 10,494 48,820 31,764 10,447 42,211 
Other segment items (a)
603 (38)564 472 (262)210 
Income / (loss) before income tax113,304 (10,534)102,770 86,723 (10,341)76,382 
Income tax expense / (benefit)41,634 (1,536)40,098 23,866 (3,498)20,368 
Net income / (loss)$71,670 $(8,998)$62,672 $62,857 $(6,843)$56,014 
Capital expenditures
$241,635 $— $241,635 $251,139 $— $251,139 
Nine Months EndedNine Months Ended
September 30, 2026September 30, 2025
Utility
Other
TotalUtility
Other
Total
Revenue$1,545,938 $— $1,545,938 $1,445,728 $— $1,445,728 
Fuel313,402 — 313,402 344,499 — 344,499 
Power purchased126,767 — 126,767 105,373 — 105,373 
Operation and maintenance439,175 243 439,418 419,583 374 419,957 
Depreciation and amortization284,271 — 284,271 271,313 — 271,313 
Taxes other than income taxes31,384 — 31,384 19,565 — 19,565 
Allowance for equity funds used during construction(5,648)— (5,648)(2,023)— (2,023)
Interest expense111,668 31,479 143,147 101,452 31,342 132,794 
Other segment items (a)
416 (405)11 1,263 (281)982 
Income / (loss) before income tax244,503 (31,317)213,186 184,703 (31,435)153,268 
Income tax expense / (benefit)93,493 (6,304)87,189 70,652 (7,709)62,943 
Net income / (loss)$151,010 $(25,013)$125,997 $114,051 $(23,726)90,325 
Capital expenditures
$691,781 $— $691,781 $547,963 $— $547,963 
As of September 30, 2026As of December 31, 2025
Utility
Other
TotalUtility
Other
Total
Total assets$8,111,750 $16,697 $8,128,447 $7,748,106 $9,071 $7,757,177