Revenue from contracts with customers (Tables)

9 Months Ended

Sep. 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 September 30, 2023	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	34,303	$	68,733	$	—	$	—	$	—	$	103,036
Commercial utility sales	49,754		40,360		—		—		—		90,114
Industrial utility sales	10,747		7,272		—		—		—		18,019
Other utility sales	1,865		—		—		—		—		1,865
Natural gas transportation	—		13,050		35,338		—		—		48,388
Natural gas storage	—		—		4,808		—		—		4,808
Electrical & mechanical specialty contracting	—		—		—		514,378		—		514,378
Transmission & distribution specialty contracting	—		—		—		192,056		—		192,056
Other	14,701		3,881		3,916		(89)		1,689		24,098
Intersegment eliminations	(27)		(69)		(3,701)		—		(1,689)		(5,486)
Revenues from contracts with customers	111,343		133,227		40,361		706,345		—		991,276
Revenues out of scope	(3,254)		1,669		43		11,061		—		9,519
Total external operating revenues	$	108,089	$	134,896	$	40,404	$	717,406	$	—	$	1,000,795


Three Months Ended September 30, 2022	Electric		Natural gas distribution		Pipeline		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
Electrical & mechanical specialty contracting	—		—		—		543,717		—		543,717
Transmission & distribution specialty contracting	—		—		—		181,550		—		181,550
Other	10,758		3,495		3,814		200		1,472		19,739
Intersegment eliminations	(34)		(69)		(3,581)		(2,037)		(1,472)		(7,193)
Revenues from contracts with customers	99,330		130,353		35,972		723,430		—		989,085
Revenues out of scope	(47)		1,792		86		11,571		—		13,402
Total external operating revenues	$	99,283	$	132,145	$	36,058	$	735,001	$	—	$	1,002,487



Nine Months Ended September 30, 2023	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	102,953	$	517,351	$	—	$	—	$	—	$	620,304
Commercial utility sales	124,363		316,483		—		—		—		440,846
Industrial utility sales	31,880		33,293		—		—		—		65,173
Other utility sales	5,349		—		—		—		—		5,349
Natural gas transportation	—		38,225		104,716		—		—		142,941
Natural gas storage	—		—		12,427		—		—		12,427
Electrical & mechanical specialty contracting	—		—		—		1,672,948		—		1,672,948
Transmission & distribution specialty contracting	—		—		—		511,563		—		511,563
Other	38,111		11,874		9,713		121		6,412		66,231
Intersegment eliminations	(82)		(208)		(37,889)		—		(6,412)		(44,591)
Revenues from contracts with customers	302,574		917,018		88,967		2,184,632		—		3,493,191
Revenues out of scope	(7,799)		2,469		119		34,040		—		28,829
Total external operating revenues	$	294,775	$	919,487	$	89,086	$	2,218,672	$	—	$	3,522,020



Nine Months Ended September 30, 2022	Electric		Natural gas distribution		Pipeline		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
Electrical & mechanical specialty contracting	—		—		—		1,443,758		—		1,443,758
Transmission & distribution specialty contracting	—		—		—		496,190		—		496,190
Other	33,727		9,854		8,201		357		4,368		56,507
Intersegment eliminations	(102)		(206)		(37,309)		(4,391)		(4,368)		(46,376)
Revenues from contracts with customers	283,372		793,973		76,787		1,935,914		—		3,090,046
Revenues out of scope	(4,854)		(831)		210		34,780		—		29,305
Total external operating revenues	$	278,518	$	793,142	$	76,997	$	1,970,694	$	—	$	3,119,351

Contract balances

The changes in contract assets and liabilities were as follows:


	September 30, 2023		December 31, 2022		Change		Location on Consolidated Balance Sheets
	(In thousands)
Contract assets	$	199,370	$	154,144	$	45,226	Receivables, net
Contract liabilities - current	(183,705)		(168,361)		(15,344)		Accounts payable
Contract liabilities - noncurrent	(435)		(6)		(429)		Noncurrent liabilities - other
Net contract assets (liabilities)	$	15,230	$	(14,223)	$	29,453