Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

The following table presents information about our reportable segments:

	Three Months Ended June 30,
	2025								2024
(in millions)	Regulated		Unregulated		Other Businesses and Eliminations (1)		Total		Regulated		Unregulated		Other Businesses and Eliminations (1)		Total
Operating revenues, unaffiliated customers	$	151.4	$	41.4	$	—	$	192.8	$	127.0	$	39.3	$	—	$	166.3
Intersegment revenues (2)	0.4		6.5		(6.9)		—		3.7		2.1		(5.8)		—
	151.8		47.9		(6.9)		192.8		130.7		41.4		(5.8)		166.3
Less:
Natural gas, propane and electric costs	34.1		22.9		(7.0)		50.0		27.4		18.0		(5.7)		39.7
Operations and maintenance expenses	40.7		20.2		—		60.9		39.3		18.6		—		57.9
Depreciation and amortization	16.8		5.1		—		21.9		14.7		3.2		—		17.9
Other segment items (3)	8.4		1.2		0.1		9.7		8.8		1.2		—		10.0
Segment operating income	$	51.8	$	(1.5)	$	—	$	50.3	$	40.5	$	0.4	$	(0.1)	$	40.8
Other income, net							0.4								1.0
Interest charges							17.8								16.8
Income before income taxes							32.9								25.0
Income taxes							9.0								6.8
Net Income							$	23.9							$	18.2
Capital expenditures	$	91.5	$	7.7	$	0.7	$	99.9	$	82.0	$	6.5	$	0.4	$	88.9

(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.

	Six Months Ended June 30,
	2025								2024
(in millions)	Regulated		Unregulated		Other Businesses and Eliminations (1)		Total		Regulated		Unregulated		Other Businesses and Eliminations (1)		Total
Operating revenues, unaffiliated customers	$	350.6	$	140.9	$	—	$	491.5	$	294.9	$	117.1	$	—	$	412.0
Intersegment revenues (2)	0.8		13.7		(14.5)		—		4.2		7.4		(11.6)		—
	351.4		154.6		(14.5)		491.5		299.1		124.5		(11.6)		412.0
Less:
Natural gas, propane and electric costs	105.6		75.1		(14.4)		166.3		77.3		55.1		(11.5)		120.9
Operations and maintenance expenses	82.4		42.0		(0.1)		124.3		78.3		37.2		(0.1)		115.4
Depreciation and amortization	34.4		10.0		—		44.4		27.2		7.7		—		34.9
Other segment items (3)	16.7		2.7		—		19.4		17.7		2.7		—		20.4
Segment operating income	$	112.3	$	24.8	$	—	$	137.1	$	98.6	$	21.8	$	—	$	120.4
Other income, net							1.0								1.2
Interest charges							35.9								33.8
Income before income taxes							102.2								87.8
Income taxes							27.4								23.4
Net Income							$	74.8							$	64.4
Capital expenditures	$	187.6	$	22.5	$	2.7	$	212.8	$	141.9	$	16.3	$	1.3	$	159.5

(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)	June 30, 2025		December 31, 2024
Identifiable Assets
Regulated Energy segment	$	3,212.8	$	3,042.9
Unregulated Energy segment	466.7		486.4
Other Businesses and Eliminations	58.3		47.7
Total Identifiable Assets	$	3,737.8	$	3,577.0