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Cleco 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
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)
Income from discontinued operations, net of income taxes 0 45,517 14,642
Net income (loss) $ 195,210 $ 110,418 $ (15,227)