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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues:        
Operating revenues: $ 1,303,573 $ 1,064,597 $ 2,394,764 $ 2,040,890
Operating expenses:        
Operation and maintenance: 1,021,031 822,084 1,723,945 1,422,940
Purchased natural gas sold 54,866 56,228 238,695 238,196
Depreciation, depletion and amortization 63,019 53,553 122,916 106,282
Taxes, other than income 47,953 40,757 101,982 89,610
Electric fuel and purchased power 19,393 17,983 45,696 40,494
Total operating expenses 1,206,262 990,605 2,233,234 1,897,522
Operating income 97,311 73,992 161,530 143,368
Other income 1,615 1,599 9,208 2,181
Interest expense 25,429 20,800 48,836 41,246
Income before income taxes 73,497 54,791 121,902 104,303
Income taxes 10,352 10,716 17,668 18,267
Income from continuing operations 63,145 44,075 104,234 86,036
Income (loss) from discontinued operations, net of tax (Note 10) (1,320) (273) (1,483) 203
Net income $ 61,825 $ 43,802 $ 102,751 $ 86,239
Earnings per share - basic:        
Income from continuing operations $ 0.32 $ 0.22 $ 0.53 $ 0.44
Discontinued operations, net of tax (0.01) 0 (0.01) 0
Earnings per share - basic 0.31 0.22 0.52 0.44
Earnings per share - diluted:        
Income from continuing operations 0.32 0.22 0.53 0.44
Discontinued operations, net of tax (0.01) 0 (0.01) 0
Earnings per share - diluted $ 0.31 $ 0.22 $ 0.52 $ 0.44
Weighted average common shares outstanding - basic 198,270 195,524 197,341 195,415
Weighted average common shares outstanding - diluted 198,287 196,169 197,356 196,077
Regulated operation        
Operating revenues:        
Operating revenues: $ 236,247 $ 226,684 $ 675,864 $ 651,143
Operating expenses:        
Operation and maintenance: 88,415 83,928 176,186 170,042
Income from continuing operations 7,597 7,521 66,606 58,686
Nonregulated operation        
Operating revenues:        
Operating revenues: 1,067,326 837,913 1,718,900 1,389,747
Operating expenses:        
Operation and maintenance: 932,616 738,156 1,547,759 1,252,898
Income from continuing operations $ 55,548 $ 36,554 $ 37,628 $ 27,350