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Cleco Power Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenue    
Electric operations $ 269,942 $ 251,471
Other operations 25,302 27,218
Affiliate revenue 0 0
Gross operating revenue 295,244 278,689
Electric customer credits 0 (1,847)
Operating revenue, net 295,244 276,842
Operating expenses    
Fuel used for electric generation 55,514 80,737
Purchased power 35,195 37,791
Other operations and maintenance 60,057 60,540
Depreciation and amortization 49,910 96,052
Taxes other than income taxes 15,591 16,099
Total operating expenses 216,267 291,219
Operating income (loss) 78,977 (14,377)
Interest income 7,133 1,408
Allowance for equity funds used during construction 531 134
Equity income from investee before income tax 0 677
Other expense, net (851) 1,398
Interest charges    
Interest charges, net 37,178 42,792
Allowance for borrowed funds used during construction (757) (2,030)
Total interest charges 36,421 40,762
Income (loss) from continuing operations before income taxes 49,369 (51,522)
Federal and state income tax expense (benefit) 9,057 37,671
Income (loss) from continuing operations, net of income taxes 40,312 (89,193)
Net income (loss) 40,312 (57,231)
CLECO POWER    
Operating revenue    
Electric operations 270,128 253,794
Other operations 23,456 27,218
Affiliate revenue 245 8,869
Gross operating revenue 293,829 289,881
Electric customer credits 0 (1,847)
Operating revenue, net 293,829 288,034
Operating expenses    
Fuel used for electric generation 55,514 69,791
Purchased power 35,195 37,791
Other operations and maintenance 57,908 56,797
Depreciation and amortization 47,783 94,004
Taxes other than income taxes 15,618 15,646
Total operating expenses 212,018 274,029
Operating income (loss) 81,811 14,005
Interest income 4,592 1,288
Allowance for equity funds used during construction 531 134
Equity income from investee before income tax 0 677
Other expense, net (350) (228)
Interest charges    
Interest charges, net 26,441 25,514
Allowance for borrowed funds used during construction (757) (2,030)
Total interest charges 25,684 23,484
Income (loss) from continuing operations before income taxes 60,900 (7,608)
Federal and state income tax expense (benefit) 11,883 (960)
Income (loss) from continuing operations, net of income taxes 49,017 (6,648)
Net income (loss) $ 49,017 $ (6,648)