XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Operating revenues: $ 1,091,126 $ 1,009,749 $ 2,521,224 $ 2,116,864
Operating expenses:        
Operation and maintenance: 769,593 709,517 1,566,138 1,310,073
Purchased natural gas sold 115,866 115,312 486,881 382,665
Depreciation, depletion and amortization 53,498 55,006 105,730 106,779
Taxes, other than income 49,706 45,480 117,133 99,057
Electric fuel and purchased power 20,432 21,929 44,789 48,290
Total operating expenses 1,009,095 947,244 2,320,671 1,946,864
Operating income 82,031 62,505 200,553 170,000
Unrealized Gain (Loss) on investment in Knife River 140,020 0 140,020 0
Other income (expense) 9,959 (2,209) 20,333 (3,253)
Interest expense 26,459 19,187 50,412 38,079
Income before income taxes 205,551 41,109 310,494 128,668
Income taxes 57,918 5,347 78,986 24,140
Income from continuing operations 147,633 35,762 231,508 104,528
Discontinued operations, net of tax (16,941) 34,905 (62,464) (2,098)
Net income $ 130,692 $ 70,667 $ 169,044 $ 102,430
Earnings per share - basic:        
Income from continuing operations $ 0.72 $ 0.18 $ 1.14 $ 0.51
Discontinued operations, net of tax (0.08) 0.17 (0.31) (0.01)
Earnings per share - basic 0.64 0.35 0.83 0.50
Earnings per share - diluted:        
Income from continuing operations 0.72 0.18 1.14 0.51
Discontinued operations, net of tax (0.08) 0.17 (0.31) (0.01)
Earnings per share - diluted $ 0.64 $ 0.35 $ 0.83 $ 0.50
Weighted average common shares outstanding - basic 203,635 203,351 203,630 203,351
Weighted average common shares outstanding - diluted 203,877 203,401 203,894 203,396
Regulated operation        
Operating revenues:        
Operating revenues: $ 340,492 $ 323,616 $ 1,014,423 $ 877,233
Operating expenses:        
Operation and maintenance: 95,483 94,422 197,522 192,247
Income from continuing operations 21,832 4,429 86,296 60,047
Nonregulated operation        
Operating revenues:        
Operating revenues: 750,634 686,133 1,506,801 1,239,631
Operating expenses:        
Operation and maintenance: 674,110 615,095 1,368,616 1,117,826
Income from continuing operations $ 125,801 $ 31,333 $ 145,212 $ 44,481