Revenue from contracts with customers (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

In the following tables, revenue is disaggregated by the type of customer or service provided. The Company believes this level of disaggregation best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The table also includes a reconciliation of the disaggregated revenue by reportable segments. For more information on the Company's business segments, see Note 17.


Three Months Ended September 30, 2022	Electric		Natural gas distribution		Pipeline		Construction materials and contracting		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	36,981	$	64,074	$	—	$	—	$	—	$	—	$	101,055
Commercial utility sales	38,785		43,734		—		—		—		—		82,519
Industrial utility sales	10,838		7,209		—		—		—		—		18,047
Other utility sales	2,002		—		—		—		—		—		2,002
Natural gas transportation	—		11,910		32,144		—		—		—		44,054
Natural gas storage	—		—		3,595		—		—		—		3,595
Contracting services	—		—		—		492,207		—		—		492,207
Construction materials	—		—		—		742,982		—		—		742,982
Intrasegment eliminations	—		—		—		(259,761)		—		—		(259,761)
Electrical & mechanical specialty contracting	—		—		—		—		543,717		—		543,717
Transmission & distribution specialty contracting	—		—		—		—		181,550		—		181,550
Other	10,758		3,494		3,815		—		200		4,438		22,705
Intersegment eliminations	(124)		(139)		(3,595)		(343)		(2,229)		(4,438)		(10,868)
Revenues from contracts with customers	99,240		130,282		35,959		975,085		723,238		—		1,963,804
Other revenues	(47)		1,792		86		—		11,571		—		13,402
Total external operating revenues	$	99,193	$	132,074	$	36,045	$	975,085	$	734,809	$	—	$	1,977,206


Three Months Ended September 30, 2021	Electric		Natural gas distribution		Pipeline		Construction materials and contracting		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	36,412	$	55,284	$	—	$	—	$	—	$	—	$	91,696
Commercial utility sales	39,033		35,338		—		—		—		—		74,371
Industrial utility sales	10,495		5,395		—		—		—		—		15,890
Other utility sales	1,993		—		—		—		—		—		1,993
Natural gas transportation	—		11,812		28,058		—		—		—		39,870
Natural gas storage	—		—		3,483		—		—		—		3,483
Contracting services	—		—		—		415,106		—		—		415,106
Construction materials	—		—		—		617,823		—		—		617,823
Intrasegment eliminations	—		—		—		(201,630)		—		—		(201,630)
Electrical & mechanical specialty contracting	—		—		—		—		317,238		—		317,238
Transmission & distribution specialty contracting	—		—		—		—		185,842		—		185,842
Other	12,589		2,110		3,290		—		75		3,423		21,487
Intersegment eliminations	(136)		(142)		(3,908)		(110)		(289)		(3,398)		(7,983)
Revenues from contracts with customers	100,386		109,797		30,923		831,189		502,866		25		1,575,186
Other revenues	(1,456)		581		45		—		11,657		—		10,827
Total external operating revenues	$	98,930	$	110,378	$	30,968	$	831,189	$	514,523	$	25	$	1,586,013


Nine Months Ended September 30, 2022	Electric		Natural gas distribution		Pipeline		Construction materials and contracting		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	103,648	$	439,639	$	—	$	—	$	—	$	—	$	543,287
Commercial utility sales	108,400		279,697		—		—		—		—		388,097
Industrial utility sales	32,067		29,242		—		—		—		—		61,309
Other utility sales	5,632		—		—		—		—		—		5,632
Natural gas transportation	—		35,747		95,685		—		—		—		131,432
Natural gas storage	—		—		10,210		—		—		—		10,210
Contracting services	—		—		—		937,156		—		—		937,156
Construction materials	—		—		—		1,535,077		—		—		1,535,077
Intrasegment eliminations	—		—		—		(475,026)		—		—		(475,026)
Electrical & mechanical specialty contracting	—		—		—		—		1,443,758		—		1,443,758
Transmission & distribution specialty contracting	—		—		—		—		496,190		—		496,190
Other	33,727		9,854		8,200		—		357		13,168		65,306
Intersegment eliminations	(371)		(416)		(37,328)		(674)		(5,090)		(13,168)		(57,047)
Revenues from contracts with customers	283,103		793,763		76,767		1,996,533		1,935,215		—		5,085,381
Other revenues	(4,854)		(831)		210		—		34,780		—		29,305
Total external operating revenues	$	278,249	$	792,932	$	76,977	$	1,996,533	$	1,969,995	$	—	$	5,114,686


Nine Months Ended September 30, 2021	Electric		Natural gas distribution		Pipeline		Construction materials and contracting		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	99,106	$	341,901	$	—	$	—	$	—	$	—	$	441,007
Commercial utility sales	105,795		203,002		—		—		—		—		308,797
Industrial utility sales	30,878		20,387		—		—		—		—		51,265
Other utility sales	5,384		—		—		—		—		—		5,384
Natural gas transportation	—		35,715		85,160		—		—		—		120,875
Natural gas storage	—		—		10,606		—		—		—		10,606
Contracting services	—		—		—		791,964		—		—		791,964
Construction materials	—		—		—		1,332,997		—		—		1,332,997
Intrasegment eliminations	—		—		—		(394,126)		—		—		(394,126)
Electrical & mechanical specialty contracting	—		—		—		—		1,020,130		—		1,020,130
Transmission & distribution specialty contracting	—		—		—		—		502,328		—		502,328
Other	31,827		7,913		10,760		—		168		10,152		60,820
Intersegment eliminations	(407)		(425)		(38,000)		(314)		(2,128)		(10,082)		(51,356)
Revenues from contracts with customers	272,583		608,493		68,526		1,730,521		1,520,498		70		4,200,691
Other revenues	(5,329)		5,880		127		—		36,239		—		36,917
Total external operating revenues	$	267,254	$	614,373	$	68,653	$	1,730,521	$	1,556,737	$	70	$	4,237,608

Contract balances

The changes in contract assets and liabilities were as follows:


	September 30, 2022		December 31, 2021		Change		Location on Consolidated Balance Sheets
	(In thousands)
Contract assets	$	265,585	$	125,742	$	139,843	Receivables, net
Contract liabilities - current	(216,439)		(179,140)		(37,299)		Accounts payable
Contract liabilities - noncurrent	(12)		(118)		106		Noncurrent liabilities - other
Net contract assets (liabilities)	$	49,134	$	(53,516)	$	102,650