XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues        
Total Operating Revenues $ 333,043 $ 342,336 $ 670,396 $ 689,404
Operating Expenses        
Electric Production Fuel 16,292 12,324 30,613 30,018
Electric Purchased Power 15,497 9,249 46,367 31,771
Electric Operating and Maintenance Expenses 46,804 44,652 95,685 92,630
Cost of Products Sold (excluding depreciation) 105,966 116,795 210,353 231,518
Nonelectric Selling, General, and Administrative Expenses 17,352 18,154 38,644 37,067
Depreciation and Amortization 29,447 26,632 58,822 52,528
Electric Property Taxes 4,227 3,619 8,455 7,986
Total Operating Expenses 235,585 231,425 488,939 483,518
Operating Income 97,458 110,911 181,457 205,886
Other Income and (Expense)        
Interest Expense (11,720) (10,202) (23,273) (20,052)
Nonservice Components of Postretirement Benefits 854 2,388 2,136 4,830
Other Income (Expense), net 4,788 4,490 9,244 9,069
Income Before Income Taxes 91,380 107,587 169,564 199,733
Income Tax Expense 13,652 20,592 23,737 38,400
Net Income $ 77,728 $ 86,995 $ 145,827 $ 161,333
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 41,874 41,784 41,850 41,754
Diluted (in shares) 42,118 42,068 42,090 42,051
Earnings Per Share:        
Basic (in dollars per share) $ 1.86 $ 2.08 $ 3.48 $ 3.86
Diluted (in dollars per share) $ 1.85 $ 2.07 $ 3.46 $ 3.84
Electric        
Operating Revenues        
Total Operating Revenues $ 128,731 $ 112,828 $ 278,451 $ 254,317
Product Sales        
Operating Revenues        
Total Operating Revenues $ 204,312 $ 229,508 $ 391,945 $ 435,087