Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

The following tables present financial information about our reportable segments:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy	$	130,157	$	101,911	$	425,084	$	344,190
Unregulated Energy	29,981		29,636		147,070		141,079
Total operating revenues, unaffiliated customers	$	160,138	$	131,547	$	572,154	$	485,269
Intersegment Revenues (1)
Regulated Energy	$	476	$	500	$	4,600	$	1,632
Unregulated Energy	5,586		5,333		13,019		17,807
Other businesses	45		45		136		136
Total intersegment revenues	$	6,107	$	5,878	$	17,755	$	19,575
Operating Income (Loss)
Regulated Energy	$	43,935	$	24,912	$	142,549	$	91,828
Unregulated Energy	(3,061)		(4,723)		18,606		11,529
Other businesses and eliminations	44		39		138		131
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

(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.

(in thousands)	September 30, 2024		December 31, 2023
Identifiable Assets
Regulated Energy segment	$	2,967,280	$	2,781,581
Unregulated Energy segment	448,024		477,402
Other businesses and eliminations	51,888		45,721
Total Identifiable Assets	$	3,467,192	$	3,304,704