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Cleco 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
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) income, 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 9,057 37,671
Income (loss) from continuing operations, net of income taxes 40,312 (89,193)
Income from discontinued operations, net of income taxes 0 31,962
Net income (loss) $ 40,312 $ (57,231)