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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues:        
Operating revenues: $ 1,362,928 $ 1,303,573 $ 2,560,302 $ 2,394,764
Operating expenses:        
Operation and maintenance: 1,029,171 1,021,031 1,850,171 1,723,945
Purchased natural gas sold 56,844 54,866 222,256 238,695
Depreciation, depletion and amortization 71,508 63,019 140,747 122,916
Taxes, other than income 52,584 47,953 116,696 101,982
Electric fuel and purchased power 14,567 19,393 35,107 45,696
Total operating expenses 1,224,674 1,206,262 2,364,977 2,233,234
Operating income 138,254 97,311 195,325 161,530
Other income 10,063 1,615 9,058 9,208
Interest expense 24,818 25,429 49,371 48,836
Income before income taxes 123,499 73,497 155,012 121,902
Income taxes 23,657 10,352 29,631 17,668
Income from continuing operations 99,842 63,145 125,381 104,234
Loss from discontinued operations, net of tax (139) (1,320) (548) (1,483)
Net income $ 99,703 $ 61,825 $ 124,833 $ 102,751
Earnings per share - basic:        
Income from continuing operations $ 0.50 $ 0.32 $ 0.62 $ 0.53
Discontinued operations, net of tax 0 (0.01) 0 (0.01)
Earnings per share - basic 0.50 0.31 0.62 0.52
Earnings per share - diluted:        
Income from continuing operations 0.50 0.32 0.62 0.53
Discontinued operations, net of tax 0 (0.01) 0 (0.01)
Earnings per share - diluted $ 0.50 $ 0.31 $ 0.62 $ 0.52
Weighted average common shares outstanding - basic 200,522 198,270 200,481 197,341
Weighted average common shares outstanding - diluted 200,539 198,287 200,497 197,356
Regulated operation        
Operating revenues:        
Operating revenues: $ 241,353 $ 236,247 $ 660,035 $ 675,864
Operating expenses:        
Operation and maintenance: 83,103 88,415 170,712 176,186
Income from continuing operations 19,878 7,597 71,007 66,606
Nonregulated operation        
Operating revenues:        
Operating revenues: 1,121,575 1,067,326 1,900,267 1,718,900
Operating expenses:        
Operation and maintenance: 946,068 932,616 1,679,459 1,547,759
Income from continuing operations $ 79,964 $ 55,548 $ 54,374 $ 37,628