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Cleco Power Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenue      
Electric operations $ 1,208,986 $ 1,048,371 $ 1,187,915
Other operations 122,803 103,277 111,565
Affiliate revenue 0 0 0
Gross operating revenue 1,331,789 1,151,648 1,299,480
Electric customer credits 0 (3,940) (60,689)
Operating revenue, net 1,331,789 1,147,708 1,238,791
Operating expenses      
Fuel used for electric generation 290,541 244,122 506,264
Purchased power 153,599 117,129 160,570
Other operations and maintenance 258,864 253,528 248,085
Depreciation and amortization 209,849 244,707 199,935
Taxes other than income taxes 62,164 60,743 64,469
Total operating expenses 975,017 920,229 1,179,323
Operating income 356,772 227,479 59,468
Interest income 20,025 15,067 5,393
Allowance for equity funds used during construction 3,039 2,310 5,747
Equity income from investees, before tax 65 677 0
Other income (expense), net 6,007 (13,021) (694)
Interest charges      
Interest charges, net 154,283 156,718 165,529
Allowance for borrowed funds used during construction (3,200) (3,163) (673)
Total interest charges 151,083 153,555 164,856
Income (loss) from continuing operations before income taxes 234,825 78,957 (94,942)
Federal and state income tax expense (benefit) 39,615 14,056 (65,073)
Income (loss) from continuing operations, net of income taxes 195,210 64,901 (29,869)
Net income (loss) 195,210 110,418 (15,227)
Cleco Power      
Operating revenue      
Electric operations 1,209,731 1,051,253 1,197,369
Other operations 117,521 95,137 111,561
Affiliate revenue 976 12,452 8,904
Gross operating revenue 1,328,228 1,158,842 1,317,834
Electric customer credits 0 (3,940) (60,689)
Operating revenue, net 1,328,228 1,154,902 1,257,145
Operating expenses      
Fuel used for electric generation 290,541 237,603 389,427
Purchased power 153,599 117,129 160,570
Other operations and maintenance 256,230 245,651 233,863
Depreciation and amortization 201,073 236,444 191,745
Taxes other than income taxes 60,078 57,754 60,676
Total operating expenses 961,521 894,581 1,036,281
Operating income 366,707 260,321 220,864
Interest income 9,505 4,125 5,011
Allowance for equity funds used during construction 3,039 2,310 5,747
Equity income from investees, before tax 65 677 0
Other income (expense), net 4,487 (11,151) (28)
Interest charges      
Interest charges, net 109,325 102,021 99,552
Allowance for borrowed funds used during construction (3,200) (3,163) (673)
Total interest charges 106,125 98,858 98,879
Income (loss) from continuing operations before income taxes 277,678 157,424 132,715
Federal and state income tax expense (benefit) 49,577 18,506 (4,434)
Net income (loss) $ 228,101 $ 138,918 $ 137,149