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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating revenues:        
Electric, natural gas distribution and pipeline and energy services $ 274,538 $ 272,177 $ 752,018 $ 732,422
Construction services, natural gas and oil production, construction materials and contracting, and other 656,219 634,267 1,080,544 1,008,799
Total operating revenues 930,757 906,444 1,832,562 1,741,221
Operating expenses:        
Fuel and purchased power 14,474 13,106 31,428 30,017
Purchased natural gas sold 101,538 97,441 346,224 331,133
Operation and maintenance:        
Electric, natural gas distribution and pipeline and energy services 70,028 68,437 137,989 131,421
Construction services, natural gas and oil production, construction materials and contracting, and other 536,608 516,854 896,408 830,642
Depreciation, depletion and amortization 83,290 81,547 167,964 160,225
Taxes, other than income 42,516 40,397 92,181 86,192
Total operating expenses 848,454 817,782 1,672,194 1,569,630
Operating income 82,303 88,662 160,368 171,591
Earnings from equity method investments 949 2,260 1,433 4,443
Other income 1,908 2,686 3,809 5,188
Interest expense 20,036 20,490 42,053 41,006
Income before income taxes 65,124 73,118 123,557 140,216
Income taxes 19,889 24,180 35,793 49,506
Income from continuing operations 45,235 48,938 87,764 90,710
Income (loss) from discontinued operations, net of tax (Note 9) (168) 0 280 0
Net income 45,067 48,938 88,044 90,710
Dividends on preferred stocks 171 171 342 343
Earnings on common stock $ 44,896 $ 48,767 $ 87,702 $ 90,367
Earnings per common share - basic:        
Earnings before discontinued operations $ 0.24 $ 0.26 $ 0.46 $ 0.48
Discontinued operations, net of tax $ 0.00 $ 0.00 $ 0.00 $ 0.00
Earnings per common share -- basic $ 0.24 $ 0.26 $ 0.46 $ 0.48
Earnings per common share - diluted:        
Earnings before discontinued operations $ 0.24 $ 0.26 $ 0.46 $ 0.48
Discontinued operations, net of tax $ 0.00 $ 0.00 $ 0.00 $ 0.00
Earnings per common share -- diluted $ 0.24 $ 0.26 $ 0.46 $ 0.48
Dividends per common share $ 0.1625 $ 0.1575 $ 0.3250 $ 0.3150
Weighted average common shares outstanding -- basic 188,794 188,129 188,732 188,047
Weighted average common shares outstanding -- diluted 188,968 188,267 188,903 188,198