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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues:        
Electric, natural gas distribution and regulated pipeline and midstream $ 225,485 $ 206,052 $ 659,100 $ 591,918
Nonregulated pipeline and midstream, construction materials and contracting, construction services and other 842,154 837,896 1,346,465 1,312,245
Total operating revenues 1,067,639 1,043,948 2,005,565 1,904,163
Operating expenses:        
Electric fuel and purchased power 16,752 15,914 38,638 37,925
Purchased natural gas sold 57,668 47,439 250,617 208,474
Operation and maintenance:        
Electric, natural gas distribution and regulated pipeline and midstream 77,273 77,078 156,013 151,703
Nonregulated pipeline and midstream, construction materials and contracting, construction services and other 743,656 722,742 1,222,132 1,165,243
Depreciation, depletion and amortization 51,658 54,248 102,983 109,132
Taxes, other than income 40,953 37,562 88,391 80,736
Total operating expenses 987,960 954,983 1,858,774 1,753,213
Operating income 79,679 88,965 146,791 150,950
Other income 782 872 1,798 1,921
Interest expense 20,766 22,219 41,068 45,087
Income before income taxes 59,695 67,618 107,521 107,784
Income taxes 15,290 21,320 27,478 29,620
Income from continuing operations 44,405 46,298 80,043 78,164
Loss from discontinued operations, net of tax (Note 8) [1] (3,190) (276,102) (1,504) (294,138)
Net income (loss) 41,215 (229,804) 78,539 (215,974)
Loss from discontinued operations attributable to noncontrolling interest (Note 8) 0 (120,651) 0 (131,691)
Loss on redemption of preferred stocks 600 0 600 0
Dividends declared on preferred stocks 0 171 171 343
Earnings (loss) on common stock $ 40,615 $ (109,324) $ 77,768 $ (84,626)
Earnings (loss) per common share - basic:        
Earnings before discontinued operations $ 0.22 $ 0.24 $ 0.41 $ 0.40
Discontinued operations attributable to the Company, net of tax (0.01) (0.80) (0.01) (0.83)
Earnings (loss) per common share - basic 0.21 (0.56) 0.40 (0.43)
Earnings (loss) per common share - diluted:        
Earnings before discontinued operations 0.22 0.24 0.40 0.40
Discontinued operations attributable to the Company, net of tax (0.01) (0.80) 0.00 (0.83)
Earnings (loss) per common share - diluted 0.21 (0.56) 0.40 (0.43)
Dividends declared per common share $ 0.1925 $ 0.1875 $ 0.3850 $ 0.3750
Weighted average common shares outstanding - basic 195,304 195,304 195,304 195,294
Weighted average common shares outstanding - diluted 195,973 195,699 195,993 195,678
[1] Includes eliminations for the presentation of income tax adjustments between continuing and discontinued operations.