XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Regulated Energy $ 130,633 $ 102,411 $ 429,684 $ 345,822
Unregulated Energy 35,567 34,970 160,089 158,886
Total Operating Revenues 160,138 131,547 572,154 485,269
Operating Expenses        
Natural gas and electric costs 28,366 26,518 105,662 105,692
Propane and natural gas costs 9,835 10,576 53,396 55,786
Operations 49,519 41,217 153,418 128,147
Transaction-related expenses 819 3,899 3,114 3,899
Maintenance 5,062 5,125 16,526 15,487
Depreciation and amortization 16,851 17,610 51,744 52,096
Other taxes 8,768 6,374 27,001 20,674
Total Operating Expenses 119,220 111,319 410,861 381,781
Total operating income 40,918 20,228 161,293 103,488
Other income (expense), net 400 (72) 1,705 1,036
Interest charges 17,022 7,076 50,861 21,272
Income Before Income Taxes 24,296 13,080 112,137 83,252
Income taxes 6,789 3,673 30,191 21,368
Net Income $ 17,507 $ 9,407 $ 81,946 $ 61,884
Weighted Average Common Shares Outstanding:        
Basic (shares) [1] 22,501,000 17,797,000 22,346,000 17,784,000
Diluted (shares) 22,564,000 17,858,000 22,402,000 17,847,000
Earnings Per Share of Common Stock:        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.78 $ 0.53 $ 3.67 $ 3.48
Basic (in dollars per share) 0.78 0.53 3.67 3.48
Earnings Per Share, Diluted [Abstract]        
Income (Loss) from Continuing Operations, Per Diluted Share 0.78 0.53 3.66 3.47
Diluted (in dollars per share) $ 0.78 $ 0.53 $ 3.66 $ 3.47
Other Operating Revenue $ (6,062) $ (5,834) $ (17,619) $ (19,439)
[1]
 (1) Weighted average shares for the three and nine months ended September 30, 2024 reflect the impact of 4.4 million common shares issued in November 2023 in connection with the acquisition of FCG. See Notes 3 and 9 for additional details on the acquisition and related equity offering.