Revenue from contracts with customers (Tables)

6 Months Ended

Jun. 30, 2024

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 15.


Three Months Ended June 30, 2024	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	31,437	$	106,690	$	—	$	—	$	—	$	138,127
Commercial utility sales	41,620		64,274		—		—		—		105,894
Industrial utility sales	11,758		9,268		—		—		—		21,026
Other utility sales	2,065		—		—		—		—		2,065
Natural gas transportation	—		13,324		43,406		—		—		56,730
Natural gas storage	—		—		5,331		—		—		5,331
Electrical & mechanical specialty contracting	—		—		—		502,015		—		502,015
Transmission & distribution specialty contracting	—		—		—		190,881		—		190,881
Other	13,186		5,767		4,110		45		1,418		24,526
Intersegment eliminations	(64)		(49)		(9,055)		(249)		(1,416)		(10,833)
Revenues from contracts with customers	100,002		199,274		43,792		692,692		2		1,035,762
Other revenues	(845)		2,157		39		10,432		—		11,783
Total external operating revenues	$	99,157	$	201,431	$	43,831	$	703,124	$	2	$	1,047,545


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
Other revenues	(1,682)		2,775		38		10,964		—		12,095
Total external operating revenues	$	90,989	$	218,995	$	34,209	$	746,933	$	—	$	1,091,126


Six Months Ended June 30, 2024	Electric		Natural gas distribution		Pipeline		Construction services		Other		Total
	(In thousands)
Residential utility sales	$	70,659	$	369,793	$	—	$	—	$	—	$	440,452
Commercial utility sales	83,135		226,404		—		—		—		309,539
Industrial utility sales	23,107		23,847		—		—		—		46,954
Other utility sales	4,001		—		—		—		—		4,001
Natural gas transportation	—		27,915		87,043		—		—		114,958
Natural gas storage	—		—		10,713		—		—		10,713
Electrical & mechanical specialty contracting	—		—		—		941,393		—		941,393
Transmission & distribution specialty contracting	—		—		—		367,741		—		367,741
Other	28,816		8,969		6,366		91		2,850		47,092
Intersegment eliminations	(93)		(105)		(39,365)		(336)		(2,833)		(42,732)
Revenues from contracts with customers	209,625		656,823		64,757		1,308,889		17		2,240,111
Revenues out of scope	(2,742)		4,078		86		19,837		—		21,259
Total external operating revenues	$	206,883	$	660,901	$	64,843	$	1,328,726	$	17	$	2,261,370


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

Contract balances

The changes in contract assets and liabilities were as follows:


	June 30, 2024		December 31, 2023		Change		Location on Consolidated Balance Sheets
	(In thousands)
Contract assets	$	163,466	$	158,861	$	4,605	Receivables, net
Contract liabilities - current	(193,299)		(202,144)		8,845		Accounts payable
Contract liabilities - noncurrent	(2,130)		(291)		(1,839)		Noncurrent liabilities - other
Net contract liabilities	$	(31,963)	$	(43,574)	$	11,611