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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues:        
Operating revenues: $ 1,587,289 $ 1,563,799 $ 4,147,591 $ 3,958,563
Operating expenses:        
Operation and maintenance: 1,214,019 1,212,620 3,064,189 2,936,564
Purchased natural gas sold 31,524 31,843 253,780 270,539
Depreciation, depletion and amortization 72,084 65,021 212,832 187,937
Taxes, other than income 50,501 46,128 167,197 148,110
Electric fuel and purchased power 15,450 18,717 50,557 64,413
Total operating expenses 1,383,578 1,374,329 3,748,555 3,607,563
Operating income 203,711 189,470 399,036 351,000
Other income 4,612 3,014 13,669 12,222
Interest expense 23,761 25,258 73,132 74,094
Income before income taxes 184,562 167,226 339,573 289,128
Income taxes 31,547 31,098 61,178 48,766
Income from continuing operations 153,015 136,128 278,395 240,362
Income (loss) from discontinued operations, net of tax 63 1,509 (484) 26
Net income $ 153,078 $ 137,637 $ 277,911 $ 240,388
Earnings per share - basic:        
Income from continuing operations $ 0.76 $ 0.68 $ 1.39 $ 1.21
Discontinued operations, net of tax 0 0.01 0 0
Earnings per share - basic 0.76 0.69 1.39 1.21
Earnings per share - diluted:        
Income from continuing operations 0.76 0.68 1.39 1.21
Discontinued operations, net of tax 0 0.01 0 0
Earnings per share - diluted $ 0.76 $ 0.69 $ 1.39 $ 1.21
Weighted average common shares outstanding - basic 200,522 199,343 200,495 198,016
Weighted average common shares outstanding - diluted 200,619 199,383 200,515 198,033
Regulated operation        
Operating revenues:        
Operating revenues: $ 210,115 $ 209,444 $ 870,151 $ 885,309
Operating expenses:        
Operation and maintenance: 89,080 86,249 259,791 262,434
Income from continuing operations 6,985 7,599 77,991 74,206
Nonregulated operation        
Operating revenues:        
Operating revenues: 1,377,174 1,354,355 3,277,440 3,073,254
Operating expenses:        
Operation and maintenance: 1,124,939 1,126,371 2,804,398 2,674,130
Income from continuing operations $ 146,030 $ 128,529 $ 200,404 $ 166,156