Business segment data (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Information on the Company's businesses

Information on the Company's segments was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	(In thousands)
External operating revenues:
Regulated operations:
Electric	$	108,089	$	99,283	$	294,775	$	278,518
Natural gas distribution	134,896		132,145		919,487		793,142
Pipeline	36,549		32,346		79,697		69,347
	279,534		263,774		1,293,959		1,141,007
Non-regulated operations:
Pipeline	3,855		3,712		9,389		7,650
Construction services	717,406		735,001		2,218,672		1,970,694
Other	—		—		—		—
	721,261		738,713		2,228,061		1,978,344
Total external operating revenues	$	1,000,795	$	1,002,487	$	3,522,020	$	3,119,351
Intersegment operating revenues:
Regulated operations:
Electric	$	27	$	34	$	82	$	102
Natural gas distribution	69		69		208		206
Pipeline	3,666		3,508		37,624		36,845
	3,762		3,611		37,914		37,153
Non-regulated operations:
Pipeline	35		73		265		464
Construction services	—		2,037		—		4,391
Other	1,689		1,472		6,412		4,368
	1,724		3,582		6,677		9,223
Total intersegment operating revenues	$	5,486	$	7,193	$	44,591	$	46,376
Operating income (loss):
Electric	$	28,718	$	30,395	$	71,372	$	53,764
Natural gas distribution	(15,258)		(16,688)		45,674		38,929
Pipeline	17,767		14,963		44,693		39,448
Construction services	50,091		34,949		139,619		110,588
Other	3,286		(2,617)		(16,201)		(11,726)
Total operating income	$	84,604	$	61,002	$	285,157	$	231,003
Income (loss) from continuing operations:
Regulated operations:
Electric	$	20,942	$	21,596	$	53,887	$	37,476
Natural gas distribution	(17,764)		(18,058)		18,007		10,758
Pipeline	11,450		9,381		29,029		25,015
	14,628		12,919		100,923		73,249
Non-regulated operations:
Pipeline	508		779		337		(179)
Construction services	35,975		29,248		105,951		86,596
Other	27,107		(577)		102,515		(12,769)
	63,590		29,450		208,803		73,648
Income from continuing operations	78,218		42,369		309,726		146,897
Discontinued operations, net of tax	(3,289)		105,602		(65,752)		103,504
Net income	$	74,929	$	147,971	$	243,974	$	250,401

Reconciliation of Revenue from Segments to Consolidated

A reconciliation of reportable segment operating revenues to consolidated operating revenues is as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	(In thousands)
Operating revenues reconciliation:
Total reportable segment operating revenues	$	1,004,592	$	1,008,208	$	3,560,199	$	3,161,359
Other revenue	1,689		1,472		6,412		4,368
Elimination of intersegment operating revenues	(5,486)		(7,193)		(44,591)		(46,376)
Total consolidated operating revenues	$	1,000,795	$	1,002,487	$	3,522,020	$	3,119,351