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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating revenues:        
Operating revenues: $ 1,280,787 $ 1,272,548 $ 3,321,678 $ 3,278,112
Operating expenses:        
Operation and maintenance: 996,591 973,966 2,419,531 2,354,456
Purchased natural gas sold 32,123 33,319 270,319 283,936
Depreciation, depletion and amortization 55,016 52,155 161,298 155,138
Taxes, other than income 38,647 38,882 128,257 127,273
Electric fuel and purchased power 18,406 18,906 58,901 57,544
Total operating expenses 1,140,783 1,117,228 3,038,306 2,978,347
Operating income 140,004 155,320 283,372 299,765
Other income 2,683 2,068 4,864 6,212
Interest expense 20,955 20,909 62,202 61,978
Income before income taxes 121,732 136,479 226,034 243,999
Income taxes 14,363 46,930 32,629 74,406
Income from continuing operations 107,369 89,549 193,405 169,593
Income (loss) from discontinued operations, net of tax (Note 10) (118) (2,198) 85 (3,702)
Net income 107,251 87,351 193,490 165,891
Loss on redemption of preferred stocks 0 0 0 600
Dividends declared on preferred stocks 0 0 0 171
Earnings on common stock $ 107,251 $ 87,351 $ 193,490 $ 165,120
Earnings per common share - basic:        
Earnings before discontinued operations $ 0.55 $ 0.46 $ 0.99 $ 0.86
Discontinued operations, net of tax 0 (0.01) 0 (0.01)
Earnings per common share - basic 0.55 0.45 0.99 0.85
Earnings per common share - diluted:        
Earnings before discontinued operations 0.55 0.46 0.99 0.86
Discontinued operations, net of tax 0 (0.01) 0 (0.02)
Earnings per common share - diluted 0.55 0.45 0.99 0.84
Dividends declared per common share $ 0.1975 $ 0.1925 $ 0.5925 $ 0.5775
Weighted average common shares outstanding - basic 196,018 195,304 195,618 195,304
Weighted average common shares outstanding - diluted 196,265 195,783 196,104 195,922
Regulated operation        
Operating revenues:        
Operating revenues: $ 200,617 $ 206,936 $ 851,761 $ 866,035
Operating expenses:        
Operation and maintenance: 82,920 80,204 252,961 237,881
Nonregulated operation        
Operating revenues:        
Operating revenues: 1,080,170 1,065,612 2,469,917 2,412,077
Operating expenses:        
Operation and maintenance: $ 913,671 $ 893,762 $ 2,166,570 $ 2,116,575