XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net Income $ 94.2 $ 81.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 67.7 51.7
Depreciation and accretion included in other costs 11.7 11.6
Deferred income taxes 43.3 30.6
Realized loss on commodity contracts and sale of assets (2.2) (3.8)
Unrealized gain on investments and commodity contracts (1.8) (1.7)
Employee benefits and compensation 0.0 (0.1)
Share-based compensation 6.0 6.4
Changes in assets and liabilities:    
Accounts receivable and accrued revenue 11.2 26.3
Propane inventory, storage gas and other inventory 0.3 1.7
Regulatory assets and liabilities, net (17.0) 5.1
Prepaid expenses and other current assets (2.7) (0.4)
Accounts payable and other accrued liabilities 10.4 6.5
Income taxes receivable (21.9) (8.7)
Customer deposits and refunds (0.8) 1.0
Accrued compensation (12.3) (2.3)
Other assets and liabilities, net (0.4) 5.3
Net cash provided by operating activities 198.3 217.7
Investing Activities    
Property, plant and equipment expenditures (322.2) (259.6)
Proceeds from sale of assets 4.0 3.1
Environmental expenditures   0.1
Net cash used in investing activities (318.2) (256.0)
Financing Activities    
Common stock dividends (44.8) (39.9)
Proceeds from issuance of common stock, net of expenses 76.1 56.7
Tax withholding payments related to net settled stock compensation (1.0) (1.5)
Change in cash overdrafts due to outstanding checks 2.4 1.4
Net borrowings (repayments) under line of credit agreements (103.5) 32.9
Proceeds from issuance of long-term debt 199.1 (0.1)
Repayment of long-term debt and finance lease obligation (14.5) (14.5)
Net cash provided by financing activities 113.8 35.0
Net Decrease in Cash and Cash Equivalents (6.1) (3.3)
Cash and Cash Equivalents—Beginning of Period 7.9 4.9
Payments to Acquire Businesses, Gross 0.0 0.6
Accrued compensation (12.3) (2.3)
Net Income 94.2 81.9
Depreciation and amortization 67.7 51.7
Depreciation and accretion included in other costs 11.7 11.6
Deferred Income Tax Expense (Benefit) 43.3 30.6
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 2.2 3.8
Unrealized Gain (Loss) on Commodity Contracts 1.8 1.7
Employee benefits and compensation 0.0 (0.1)
Share-based compensation 6.0 6.4
Other Noncash Expense   (0.2)
Increase (Decrease) in Accounts Receivable (11.2) (26.3)
Increase (Decrease) in Inventories (0.3) (1.7)
Increase (Decrease) in Regulatory Assets and Liabilities 17.0 (5.1)
Increase (Decrease) in Prepaid Expense and Other Assets 2.7 0.4
Accounts payable and other accrued liabilities 10.4 6.5
Increase (Decrease) in Income Taxes Receivable 21.9 8.7
Customer deposits and refunds (0.8) 1.0
Increase (Decrease) in Interest Payable, Net 12.6 6.8
Increase (Decrease) in Other Operating Assets and Liabilities, Net 0.4 (5.3)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 198.3 217.7
Payments to Acquire Property, Plant, and Equipment 322.2 259.6
Proceeds from sale of assets 4.0 3.1
Environmental expenditures   0.1
Net cash used in investing activities (318.2) (256.0)
Payments of Ordinary Dividends, Common Stock 44.8 39.9
Proceeds from issuance of common stock, net of expenses 76.1 56.7
Payment, Tax Withholding, Share-based Payment Arrangement 1.0 1.5
Change in cash overdrafts due to outstanding checks 2.4 1.4
Net borrowings (repayments) under line of credit agreements (103.5) 32.9
Proceeds from issuance of long-term debt (199.1) 0.1
Repayments of Long-term Debt 14.5 14.5
Net cash provided by financing activities 113.8 35.0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (6.1) (3.3)
Cash and cash equivalents $ 1.8 $ 1.6