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Cleco Power Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenue        
Electric operations $ 289,652 $ 229,170 $ 559,594 $ 480,641
Other operations 32,109 23,563 57,411 50,781
Affiliate revenue 0 0 0 0
Gross operating revenue 321,761 252,733 617,005 531,422
Electric customer credits 0 (548) 0 (2,395)
Operating revenue, net 321,761 252,185 617,005 529,027
Operating expenses        
Fuel used for electric generation 51,066 37,363 106,580 118,099
Purchased power 50,930 28,083 86,125 65,875
Other operations and maintenance 62,525 61,437 122,583 121,977
Depreciation and amortization 53,205 48,816 103,115 144,868
Taxes other than income taxes 14,378 14,217 29,969 30,316
Total operating expenses 232,104 189,916 448,372 481,135
Operating income 89,657 62,269 168,633 47,892
Interest income 4,032 2,653 11,165 4,061
Allowance for equity funds used during construction 902 646 1,434 780
Equity income from investee before income tax     0 674
Other income (expense), net 971 (12,022) 120 (10,622)
Interest charges        
Interest charges, net 38,644 41,286 75,822 84,078
Allowance for borrowed funds used during construction (993) (364) (1,750) (2,395)
Total interest charges 37,651 40,922 74,072 81,683
Income (loss) from continuing operations before income taxes 57,911 12,624 107,280 (38,898)
Federal and state income tax expense 10,014 (35,956) 19,071 1,715
Income (loss) from continuing operations, net of income taxes 47,897 48,580 88,209 (40,613)
Net income 47,897 61,290 88,209 4,059
CLECO POWER        
Operating revenue        
Electric operations 289,838 229,356 559,966 483,150
Other operations 30,381 22,382 53,837 49,599
Affiliate revenue 245 1,522 490 10,391
Gross operating revenue 320,464 253,260 614,293 543,140
Electric customer credits 0 (548) 0 (2,395)
Operating revenue, net 320,464 252,712 614,293 540,745
Operating expenses        
Fuel used for electric generation 51,066 41,789 106,580 111,580
Purchased power 50,930 28,083 86,125 65,875
Other operations and maintenance 62,611 59,636 120,517 116,430
Depreciation and amortization 51,048 46,753 98,831 140,757
Taxes other than income taxes 13,825 13,475 29,443 29,121
Total operating expenses 229,480 189,736 441,496 463,763
Operating income 90,984 62,976 172,797 76,982
Interest income 1,435 904 6,026 2,192
Allowance for equity funds used during construction 902 646 1,434 780
Equity income from investee before income tax     0 674
Other income (expense), net 642 (10,552) 291 (10,779)
Interest charges        
Interest charges, net 27,242 25,480 53,684 50,994
Allowance for borrowed funds used during construction (993) (364) (1,750) (2,395)
Total interest charges 26,249 25,116 51,934 48,599
Income (loss) from continuing operations before income taxes 67,714 28,858 128,614 21,250
Federal and state income tax expense 12,563 2,072 24,446 1,112
Net income $ 55,151 $ 26,786 $ 104,168 $ 20,138