Business segment data (Tables)

6 Months Ended

Jun. 30, 2025

Information on the Company's segments was as follows:


Three Months Ended June 30, 2025	Electric		Natural gas distribution		Pipeline		Other		Consolidated
	(In thousands)
Operating revenues:
External operating revenues	$	97,886	$	206,794	$	46,507	$	(1)	$	351,186
Intersegment operating revenues	140		92		9,796		180		10,208
Purchased natural gas sold:
External purchased natural gas sold	—		96,057		—		—		96,057
Intersegment purchased natural gas sold	—		9,751		—		—		9,751
Electric fuel and purchased power	34,891		—		—		—		34,891
Operation and maintenance:
External operation and maintenance	29,823		60,456		22,352		256		112,887
Intersegment operation and maintenance	140		92		45		180		457
Depreciation and amortization	17,393		26,471		7,989		—		51,853
Taxes, other than income	4,648		16,935		3,583		—		25,166
Other income:
External other income	2,726		5,095		1,616		508		9,945
Intersegment other income	—		—		90		1,061		1,151
Interest expense:
External interest expense	7,614		13,745		3,135		951		25,445
Intersegment interest expense	—		—		1,151		—		1,151
Income tax expense (benefit)	(4,254)		(4,170)		4,337		4,742		655
Income (loss) from continuing operations	10,497		(7,356)		15,417		(4,381)		14,177
Discontinued operations, net of tax	—		—		—		(397)		(397)
Net income (loss)	$	10,497	$	(7,356)	$	15,417	$	(4,778)	$	13,780


Three Months Ended June 30, 2024	Electric		Natural gas distribution		Pipeline		Other		Consolidated
	(In thousands)
Operating revenues:
External operating revenues	$	99,173	$	201,445	$	43,851	$	2	$	344,471
Intersegment operating revenues	48		35		9,035		20		9,138
Purchased natural gas sold:
External purchased natural gas sold	—		94,591		—		—		94,591
Intersegment purchased natural gas sold	—		8,825		—		—		8,825
Electric fuel and purchased power	36,692		—		—		—		36,692
Operation and maintenance:
External operation and maintenance	23,100		54,919		19,079		2,857		99,955
Intersegment operation and maintenance	48		35		210		20		313
Depreciation and amortization	16,220		25,548		7,318		604		49,690
Taxes, other than income	4,530		16,358		3,007		74		23,969
Other income:
External other income	2,065		5,350		2,729		219		10,363
Intersegment other income	—		—		332		4,071		4,403
Interest expense:
External interest expense	7,226		15,364		2,708		1,202		26,500
Intersegment interest expense	—		—		1,071		3,332		4,403
Income tax expense (benefit)	(2,057)		(3,803)		5,295		3,760		3,195
Income (loss) from continuing operations	15,527		(5,007)		17,259		(7,537)		20,242
Discontinued operations, net of tax	—		—		—		40,194		40,194
Net income (loss)	$	15,527	$	(5,007)	$	17,259	$	32,657	$	60,436


Six Months Ended June 30, 2025	Electric		Natural gas distribution		Pipeline		Other		Consolidated
	(In thousands)
Operating revenues:
External operating revenues	$	210,147	$	746,041	$	69,831	$	—	$	1,026,019
Intersegment operating revenues	318		187		43,132		358		43,995
Purchased natural gas sold:
External purchased natural gas sold	—		413,214		—		—		413,214
Intersegment purchased natural gas sold	—		43,074		—		—		43,074
Electric fuel and purchased power	78,639		—		—		—		78,639
Operation and maintenance:
External operation and maintenance	58,230		123,939		41,592		173		223,934
Intersegment operation and maintenance	318		187		58		358		921
Depreciation and amortization	34,576		52,593		15,945		—		103,114
Taxes, other than income	9,463		47,563		6,897		—		63,923
Other income:
External other income	3,718		8,396		1,923		905		14,942
Intersegment other income	—		—		213		2,047		2,260
Interest expense:
External interest expense	15,501		28,621		6,256		1,889		52,267
Intersegment interest expense	—		—		2,260		—		2,260
Income tax expense (benefit)	(7,985)		8,131		9,464		(384)		9,226
Income from continuing operations	25,441		37,302		32,627		1,274		96,644
Discontinued operations, net of tax	—		—		—		(899)		(899)
Net income	$	25,441	$	37,302	$	32,627	$	375	$	95,745


Six Months Ended June 30, 2024	Electric		Natural gas distribution		Pipeline		Other		Consolidated
	(In thousands)
Operating revenues:
External operating revenues	$	206,916	$	660,930	$	64,883	$	17	$	932,746
Intersegment operating revenues	60		76		39,325		42		39,503
Purchased natural gas sold:
External purchased natural gas sold	—		353,192		—		—		353,192
Intersegment purchased natural gas sold	—		39,071		—		—		39,071
Electric fuel and purchased power	76,415		—		—		—		76,415
Operation and maintenance:
External operation and maintenance	46,631		114,249		37,494		9,196		207,570
Intersegment operation and maintenance	59		76		254		43		432
Depreciation and amortization	32,836		51,026		14,436		1,158		99,456
Taxes, other than income	9,616		43,950		6,102		215		59,883
Other income:
External other income	4,047		13,521		3,498		1,207		22,273
Intersegment other income	—		—		455		8,459		8,914
Interest expense:
External interest expense	14,722		31,024		4,901		2,365		53,012
Intersegment interest expense	—		—		2,852		6,062		8,914
Income tax expense (benefit)	(2,652)		6,876		9,805		(3,515)		10,514
Income (loss) from continuing operations	33,396		35,063		32,317		(5,799)		94,977
Discontinued operations, net of tax	—		—		—		66,357		66,357
Net income	$	33,396	$	35,063	$	32,317	$	60,558	$	161,334

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


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
	(In thousands)
Operating revenues reconciliation:
Total reportable segment operating revenues	$	361,215	$	353,587	$	1,069,656	$	972,190
Other revenue	179		22		358		59
Elimination of intersegment operating revenues	(10,208)		(9,138)		(43,995)		(39,503)
Total consolidated operating revenues	$	351,186	$	344,471	$	1,026,019	$	932,746