Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information by Segment

The following table presents information about our reportable segments:


	Three Months Ended March 31,
	2025								2024
(in millions)	Regulated		Unregulated		Other Businesses and Eliminations (1)		Total		Regulated		Unregulated		Other Businesses and Eliminations (1)		Total
Operating revenues, unaffiliated customers	$	199.2	$	99.5	$	—	$	298.7	$	167.9	$	77.8	$	—	$	245.7
Intersegment revenues (2)	0.4		7.2		(7.6)		—		0.5		5.3		(5.8)		—
	199.6		106.7		(7.6)		298.7		168.4		83.1		(5.8)		245.7
Less:
Natural gas, propane and electric costs	71.5		52.2		(7.4)		116.3		49.9		37.1		(5.8)		81.2
Operations and maintenance expenses	41.7		21.8		(0.1)		63.4		39.0		18.6		(0.1)		57.5
Depreciation and amortization	17.6		4.9		—		22.5		12.5		4.5		—		17.0
Other segment items (3)	8.3		1.5		(0.1)		9.7		8.9		1.5		—		10.4
Segment operating income	$	60.5	$	26.3	$	—	$	86.8	$	58.1	$	21.4	$	0.1	$	79.6
Other income, net							0.6								0.2
Interest charges							18.1								17.0
Income before income taxes							69.3								62.8
Income taxes							18.4								16.6
Net Income							$	50.9							$	46.2

Capital expenditures	$	96.1	$	14.8	$	2.0	$	112.9	$	59.9	$	9.8	$	0.9	$	70.6

(1) Other revenues and other operating income (loss) amounts are attributable to eliminations and unregulated subsidiaries that own real estate leased to the Company.

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

(3) Other segment items for each reportable segment include: Regulated - Other taxes and transaction and transition costs related to the integration of FCG; Unregulated - Other taxes.


(in millions)	March 31, 2025		December 31, 2024
Identifiable Assets
Regulated Energy segment	$	3,128.9	$	3,042.9
Unregulated Energy segment	488.2		486.4
Other Businesses and Eliminations	47.5		47.7
Total Identifiable Assets	$	3,664.6	$	3,577.0