Revenue from contracts with customers (Tables)

6 Months Ended

Jun. 30, 2023

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 18.


Three Months Ended June 30, 2023	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	30,825	$	120,967	$	—	$	—	$	—	$	151,792
Commercial utility sales	38,262		71,196		—		—		—		109,458
Industrial utility sales	10,370		9,183		—		—		—		19,553
Other utility sales	1,710		—		—		—		—		1,710
Natural gas transportation	—		11,671		34,394		—		—		46,065
Natural gas storage	—		—		3,758		—		—		3,758
Electrical & mechanical specialty contracting	—		—		—		568,307		—		568,307
Transmission & distribution specialty contracting	—		—		—		167,485		—		167,485
Other	11,531		3,272		3,937		177		3,151		22,068
Intersegment eliminations	(27)		(69)		(7,918)		—		(3,151)		(11,165)
Revenues from contracts with customers	92,671		216,220		34,171		735,969		—		1,079,031
Revenues out of scope	(1,682)		2,775		38		10,964		—		12,095
Total external operating revenues	$	90,989	$	218,995	$	34,209	$	746,933	$	—	$	1,091,126


Three Months Ended June 30, 2022	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	29,363	$	116,749	$	—	$	—	$	—	$	146,112
Commercial utility sales	34,015		72,354		—		—		—		106,369
Industrial utility sales	10,923		9,009		—		—		—		19,932
Other utility sales	1,880		—		—		—		—		1,880
Natural gas transportation	—		11,456		31,967		—		—		43,423
Natural gas storage	—		—		2,896		—		—		2,896
Electrical & mechanical specialty contracting	—		—		—		507,233		—		507,233
Transmission & distribution specialty contracting	—		—		—		166,174		—		166,174
Other	10,216		3,751		2,676		109		1,456		18,208
Intersegment eliminations	(34)		(71)		(7,787)		(1,527)		(1,456)		(10,875)
Revenues from contracts with customers	86,363		213,248		29,752		671,989		—		1,001,352
Revenues out of scope	(812)		(2,738)		66		11,881		—		8,397
Total external operating revenues	$	85,551	$	210,510	$	29,818	$	683,870	$	—	$	1,009,749



Six Months Ended June 30, 2023	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	68,650	$	448,617	$	—	$	—	$	—	$	517,267
Commercial utility sales	74,609		276,122		—		—		—		350,731
Industrial utility sales	21,133		26,021		—		—		—		47,154
Other utility sales	3,484		—		—		—		—		3,484
Natural gas transportation	—		25,175		69,378		—		—		94,553
Natural gas storage	—		—		7,620		—		—		7,620
Electrical & mechanical specialty contracting	—		—		—		1,158,570		—		1,158,570
Transmission & distribution specialty contracting	—		—		—		319,507		—		319,507
Other	23,410		7,993		5,797		209		4,723		42,132
Intersegment eliminations	(55)		(139)		(34,188)		—		(4,723)		(39,105)
Revenues from contracts with customers	191,231		783,789		48,607		1,478,286		—		2,501,913
Revenues out of scope	(4,545)		801		76		22,979		—		19,311
Total external operating revenues	$	186,686	$	784,590	$	48,683	$	1,501,265	$	—	$	2,521,224



Six Months Ended June 30, 2022	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	66,667	$	375,565	$	—	$	—	$	—	$	442,232
Commercial utility sales	69,615		235,963		—		—		—		305,578
Industrial utility sales	21,229		22,033		—		—		—		43,262
Other utility sales	3,630		—		—		—		—		3,630
Natural gas transportation	—		23,837		63,541		—		—		87,378
Natural gas storage	—		—		6,615		—		—		6,615
Electrical & mechanical specialty contracting	—		—		—		900,041		—		900,041
Transmission & distribution specialty contracting	—		—		—		314,640		—		314,640
Other	22,969		6,360		4,387		156		2,896		36,768
Intersegment eliminations	(68)		(137)		(33,729)		(2,353)		(2,896)		(39,183)
Revenues from contracts with customers	184,042		663,621		40,814		1,212,484		—		2,100,961
Revenues out of scope	(4,807)		(2,623)		124		23,209		—		15,903
Total external operating revenues	$	179,235	$	660,998	$	40,938	$	1,235,693	$	—	$	2,116,864

Contract balances

The changes in contract assets and liabilities were as follows:


	June 30, 2023		December 31, 2022		Change		Location on Consolidated Balance Sheets
	(In thousands)
Contract assets	$	179,282	$	154,144	$	25,138	Receivables, net
Contract liabilities - current	(166,268)		(168,361)		2,093		Accounts payable
Contract liabilities - noncurrent	(438)		(6)		(432)		Noncurrent liabilities - other
Net contract assets (liabilities)	$	12,576	$	(14,223)	$	26,799