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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating revenues:        
Operating revenues: $ 1,064,597 $ 1,067,639 $ 2,040,890 $ 2,005,565
Operating expenses:        
Operation and maintenance: 822,084 821,948 1,422,940 1,380,491
Purchased natural gas sold 56,228 57,668 238,196 250,617
Depreciation, depletion and amortization 53,553 51,658 106,282 102,983
Taxes, other than income 40,757 40,953 89,610 88,391
Electric fuel and purchased power 17,983 16,752 40,494 38,638
Total operating expenses 990,605 988,979 1,897,522 1,861,120
Operating income 73,992 78,660 143,368 144,445
Other income 1,599 1,801 2,181 4,144
Interest expense 20,800 20,766 41,246 41,068
Income before income taxes 54,791 59,695 104,303 107,521
Income taxes 10,716 15,290 [1] 18,267 27,478 [1]
Income from continuing operations 44,075 44,405 86,036 80,043
Income (loss) from discontinued operations, net of tax (Note 10) (273) (3,190) [1] 203 (1,504) [1]
Net income 43,802 41,215 86,239 78,539
Loss on redemption of preferred stocks 0 600 0 600
Dividends declared on preferred stocks 0 0 0 171
Earnings on common stock $ 43,802 $ 40,615 $ 86,239 $ 77,768
Earnings per common share - basic:        
Earnings before discontinued operations $ 0.22 $ 0.22 $ 0.44 $ 0.41
Discontinued operations, net of tax 0 (0.01) 0 (0.01)
Earnings per common share - basic 0.22 0.21 0.44 0.40
Earnings per common share - diluted:        
Earnings before discontinued operations 0.22 0.22 0.44 0.40
Discontinued operations, net of tax 0 (0.01) 0 0
Earnings per common share - diluted 0.22 0.21 0.44 0.40
Dividends declared per common share $ 0.1975 $ 0.1925 $ 0.3950 $ 0.3850
Weighted average common shares outstanding - basic 195,524 195,304 195,415 195,304
Weighted average common shares outstanding - diluted 196,169 195,973 196,077 195,993
Regulated operations [Member]        
Operating revenues:        
Operating revenues: $ 226,684 $ 225,485 $ 651,143 $ 659,100
Operating expenses:        
Operation and maintenance: 83,928 78,125 170,042 157,677
Nonregulated operations [Member]        
Operating revenues:        
Operating revenues: 837,913 842,154 1,389,747 1,346,465
Operating expenses:        
Operation and maintenance: $ 738,156 $ 743,823 $ 1,252,898 $ 1,222,814
[1] Includes the eliminations for the presentation of income tax adjustments between continuing and discontinued operations.