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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Electric $ 266,629 $ 238,513 $ 756,374 $ 695,921
Gas 34,369 34,226 170,283 193,389
Total Revenues 300,998 272,739 926,657 889,310
Operating Expenses        
Cost of sales 96,156 73,577 293,283 265,495
Operating, general and administrative 68,290 79,296 220,730 222,139
Property and other taxes 40,673 35,712 111,302 100,953
Depreciation and depletion 39,763 35,693 119,551 107,239
Total Operating Expenses 244,882 224,278 744,866 695,826
Operating Income 56,116 48,461 181,791 193,484
Interest Expense, net (21,049) (22,043) (71,979) (68,101)
Other (Loss) Income (121) 3,769 4,176 5,429
Income Before Income Taxes 34,946 30,187 113,988 130,812
Income Tax Benefit (Expense) 9,659 (6,389) 4,240 (24,616)
Net Income $ 44,605 $ 23,798 $ 118,228 $ 106,196
Average Common Shares Outstanding 48,314,783 47,065,082 48,288,678 47,028,924
Basic Earnings per Average Common Share $ 0.92 $ 0.51 $ 2.45 $ 2.26
Diluted Earnings per Average Common Share 0.92 0.51 2.44 2.25
Dividends Declared per Common Share $ 0.50 $ 0.48 $ 1.50 $ 1.44