v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Property, Plant and Equipment    
Regulated Energy $ 3,147.6 $ 2,941.6
Unregulated Energy 515.6 492.4
Other Businesses and Eliminations 43.3 38.3
Total property, plant and equipment 3,706.5 3,472.3
Less: Accumulated depreciation and amortization (675.1) (637.6)
Plus: Construction work in progress 441.4 283.7
Net property, plant and equipment 3,472.8 3,118.4
Current Assets    
Cash and cash equivalents 8.6 1.8
Trade and other receivables 89.5 106.9
Less: Allowance for credit losses (4.1) (5.4)
Trade and other receivables, net 85.4 101.5
Accrued revenue 28.7 50.1
Propane inventory, at average cost 6.1 8.8
Other inventory, at average cost 17.1 17.9
Regulatory assets 24.9 29.7
Storage gas prepayments 5.1 4.5
Prepaid expenses 23.5 19.7
Derivative assets, at fair value 1.4 0.0
Other current assets 2.6 3.0
Total current assets 203.4 237.0
Deferred Charges and Other Assets    
Goodwill 507.5 507.5
Other intangible assets, net 12.1 13.2
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 7.2 0.0
Investments, at fair value 18.7 17.2
Derivative assets, at fair value 1.0 0.0
Operating lease right-of-use assets 8.5 9.9
Regulatory assets 73.5 74.3
Receivables and other deferred charges 12.7 17.3
Total deferred charges and other assets 641.2 639.4
Total Assets 4,317.4 3,994.8
Stockholders’ equity    
Preferred stock, par value $0.01 per share (authorized 2,000,000 shares), no shares issued and outstanding 0.0 0.0
Common stock, par value $0.4867 per share (authorized 75,000,000 shares) 11.7 11.6
Additional paid-in capital 1,009.1 962.8
Retained earnings 680.4 626.8
Accumulated other comprehensive loss 0.0 (2.7)
Deferred compensation obligation 17.8 12.6
Treasury stock (17.8) (12.6)
Total stockholders’ equity 1,701.2 1,598.5
Long-term debt, net of current maturities 1,307.1 1,327.1
Total capitalization 3,008.3 2,925.6
Current Liabilities    
Current portion of long-term debt 131.7 134.6
Short-term borrowing 325.9 158.0
Accounts payable 106.7 115.2
Customer deposits and refunds 48.5 45.1
Accrued interest 17.9 8.7
Dividends payable 17.8 16.4
Accrued compensation 12.8 21.6
Regulatory liabilities 21.8 14.5
Derivative liabilities, at fair value 0.2 0.8
Other accrued liabilities 30.5 15.0
Total current liabilities 713.8 529.9
Deferred Credits and Other Liabilities    
Deferred income taxes 353.7 313.3
Regulatory liabilities 204.1 188.1
Environmental liabilities 3.3 2.9
Other pension and benefit costs 15.1 14.0
Derivative liabilities, at fair value 0.1 0.6
Operating lease - liabilities 6.6 7.9
Deferred investment tax credits and other liabilities 12.4 12.5
Total deferred credits and other liabilities 595.3 539.3
Environmental and other commitments and contingencies (Notes 7 and 8)
Total Capitalization and Liabilities $ 4,317.4 $ 3,994.8
Preferred stock, shares issued (shares) 0 0