Cleco Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2025		Sep. 30, 2024
Operating activities
Net income	$ 160,469		$ 98,651
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	163,820		207,819
Provision for credit losses	1,407		911
Electric customer credits	0		1,300
Unearned compensation expense	23,945		29,463
Allowance for equity funds used during construction	(2,213)		(1,758)
Loss on energy risk management assets and liabilities, net	0		5,276
Loss on Cleco Cajun Divestiture	0		43,715
Deferred income taxes	27,374		(25,967)
Cash surrender value of company/trust-owned life insurance	(2,593)		(3,908)
Derecognition of previously deferred Project Diamond Vault costs	0		10,336
Changes in assets and liabilities
Accounts receivable			6,508
Unbilled revenue	(7,609)		(5,337)
Fuel inventory and materials and supplies	(14,159)		(58,006)
Prepayments	(37,968)		(4,159)
Customer deposits	1,452		872
Postretirement benefit obligations	(21,296)		(28,133)
Regulatory assets and liabilities, net	(2,434)		5,432
Asset retirement obligation	(1,672)		(3,107)
Deferred fuel recoveries	7,959		(4,008)
Other deferred accounts	(3,764)		(5,091)
Taxes accrued	46,982		60,950
Interest accrued	24,679		17,580
Energy risk management assets and liabilities, net	(8,466)		(10,978)
Storm reserve	(7,575)		(15,356)
Incentive compensation payable	(35,529)		(34,393)
Other operating	(7,556)		(7,918)
Net cash provided by operating activities	252,733		257,715
Investing activities
Additions to property, plant, and equipment	(251,223)		(190,676)
Customer advances for construction	3,089		17,834
Refunds of customer advances for construction	(3,078)		0
Proceeds from sale of discontinued operations (net of transaction fees of $10.8 million)	0		463,769
Other investing	954		2,035
Net cash used in investing activities	(249,188)		292,962
Financing activities
Draws on revolving credit facility	153,000		22,000
Payments on revolving credit facilities	(180,000)		(132,000)
Issuances of long-term debt	305,000		16,599
Repayment of long-term debt	(190,087)		(262,798)
Payment of financing costs	(5,311)		0
Credit deposits	0		7,750
Refund of credit deposit	(7,000)		0
Distributions to member	0		(82,505)
Other financing	0		(1,207)
Net cash provided by (used in) financing activities	75,602		(432,161)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents	79,147		118,516
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period	162,883	[1]	256,067
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	242,030	[1]	374,583
Supplementary cash flow information
Interest paid, net of amount capitalized	84,213		100,393
Income taxes paid	5,371		8,338
Supplementary non-cash investing and financing activities
Accrued additions to property, plant, and equipment	13,172		7,532
Nonrelated Party
Changes in assets and liabilities
Accounts receivable	(37,414)		6,508
Accounts payable	(9,749)		(22,845)
Related Party
Changes in assets and liabilities
Accounts receivable	(3,928)		(9,457)
Accounts payable	$ (1,429)		$ 9,323

[1] (1) Includes cash and cash equivalents of $30,472, current restricted cash and cash equivalents of $15,918, and non-current restricted cash and cash equivalents of $116,493. (2) Includes cash and cash equivalents of $71,814, current restricted cash and cash equivalents of $30,368, and non-current restricted cash and cash equivalents of $139,848.