SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of information related to reportable segments

The following tables show summarized financial information related to our reportable segments for the three and six months ended June 30, 2025 and 2024.


(in millions)	Utility		Other		Wisconsin Public Service Corporation
Three Months Ended June 30, 2025
External revenues	$	410.5	$	—	$	410.5
Fuel and purchased power	90.8		—		90.8
Cost of natural gas sold	32.7		—		32.7
Other operation and maintenance	121.8		—		121.8
Depreciation and amortization	66.7		—		66.7
Property and revenue taxes	11.0		—		11.0
Other income, net (1)	3.7		0.5		4.2
Interest expense	24.2		—		24.2
Income tax expense	12.2		0.1		12.3
Net income	$	54.8	$	0.4	$	55.2

Other Segment Disclosures
Three Months Ended June 30, 2025
Capital expenditures	$	129.0	$	—	$	129.0
Balance at June 30, 2025
Equity method investments	0.9		15.9		16.8
Total assets	7,599.7		15.9		7,615.6

(1)Includes equity earnings from equity method investments of $0.5 million included in the other segment, as well as amounts that are not material for interest income in the utility segment.


(in millions)	Utility		Other		Wisconsin Public Service Corporation
Three Months Ended June 30, 2024
External revenues	$	337.0	$	—	$	337.0
Fuel and purchased power	68.8		—		68.8
Cost of natural gas sold	20.9		—		20.9
Other operation and maintenance	111.3		—		111.3
Depreciation and amortization	59.2		—		59.2
Property and revenue taxes	11.5		—		11.5
Other income, net (1)	11.9		0.6		12.5
Interest expense	23.9		—		23.9
Income tax expense	10.0		0.2		10.2
Net income	$	43.3	$	0.4	$	43.7

Other Segment Disclosures
Three Months Ended June 30, 2024
Capital expenditures	$	108.8	$	—	$	108.8
Balance at June 30, 2024
Equity method investments	0.9		14.1		15.0
Total assets	7,221.9		14.1		7,236.0

(1)Includes equity earnings from equity method investments of $0.6 million included in the other segment, as well as amounts that are not material for interest income in the utility segment.


(in millions)	Utility		Other		Wisconsin Public Service Corporation
Six Months Ended June 30, 2025
External revenues	$	909.2	$	—	$	909.2
Fuel and purchased power	188.3		—		188.3
Cost of natural gas sold	125.4		—		125.4
Other operation and maintenance	241.1		—		241.1
Depreciation and amortization	132.5		—		132.5
Property and revenue taxes	22.4		—		22.4
Other income, net (1)	7.5		1.0		8.5
Interest expense	48.2		—		48.2
Income tax expense	28.6		0.2		28.8
Net income	$	130.2	$	0.8	$	131.0

Other Segment Disclosures
Capital expenditures	$	253.6	$	—	$	253.6

(1)Includes equity earnings from equity method investments of $1.0 million included in the other segment, as well as amounts that are not material for interest income in the utility segment.


(in millions)	Utility		Other		Wisconsin Public Service Corporation
Six Months Ended June 30, 2024
External revenues	$	764.2	$	—	$	764.2
Fuel and purchased power	149.9		—		149.9
Cost of natural gas sold	94.7		—		94.7
Other operation and maintenance	215.9		—		215.9
Depreciation and amortization	118.3		—		118.3
Property and revenue taxes	23.5		—		23.5
Other income, net (1)	22.8		1.2		24.0
Interest expense	47.9		—		47.9
Income tax expense	26.6		0.3		26.9
Net income	$	110.2	$	0.9	$	111.1

Other Segment Disclosures
Capital expenditures	$	195.9	$	—	$	195.9

(1)Includes equity earnings from equity method investments of $1.2 million included in the other segment, as well as amounts that are not material for interest income in the utility segment.