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Cleco 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
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 (benefit) 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)
Income from discontinued operations, net of income taxes 0 12,710 0 44,672
Net income $ 47,897 $ 61,290 $ 88,209 $ 4,059