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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Electric $ 219,659 $ 209,755 $ 492,696 $ 448,097
Gas 51,060 52,062 162,243 155,222
Total Revenues 270,719 261,817 654,939 603,319
Operating Expenses        
Cost of sales 55,744 32,190 171,479 128,267
Operating, general and administrative 80,826 73,834 161,918 148,179
Property and other taxes 44,310 43,042 89,099 85,855
Depreciation and depletion 41,016 43,541 86,600 87,296
Total Operating Expenses 221,896 192,607 509,096 449,597
Operating Income 48,823 69,210 145,843 153,722
Interest Expense, net (23,511) (23,197) (47,301) (46,167)
Other Income (Expense), net 124 876 1,273 (253)
Income Before Income Taxes 25,436 46,889 99,815 107,302
Income Tax Benefit (Expense) 22,226 (3,102) 20,653 (5,016)
Net Income $ 47,662 $ 43,787 $ 120,468 $ 102,286
Average Common Shares Outstanding 50,440,685 49,869,176 50,410,928 49,643,954
Basic Earnings per Average Common Share $ 0.94 $ 0.88 $ 2.39 $ 2.06
Diluted Earnings per Average Common Share 0.94 0.87 2.38 2.05
Dividends Declared per Common Share $ 0.575 $ 0.550 $ 1.150 $ 1.100