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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Electric $ 292,270 $ 287,473 $ 807,415 $ 798,984
Gas 42,798 38,482 245,139 225,991
Total Revenues 335,068 325,955 1,052,554 1,024,975
Operating expenses        
Fuel, purchased supply and direct transmission expense (exclusive of depreciation and depletion shown separately below) 108,920 98,659 338,994 311,137
Operating and maintenance 54,654 56,002 160,785 159,317
Administrative and general 28,146 24,946 87,010 79,596
Property and other taxes 46,466 43,572 140,209 138,337
Depreciation and depletion 48,588 47,112 145,705 140,896
Total Operating Expenses 286,774 270,291 872,703 829,283
Operating income 48,294 55,664 179,851 195,692
Interest expense, net (25,332) (23,283) (73,081) (70,266)
Other income, net 4,157 5,326 11,791 13,932
Income before income taxes 27,119 37,707 118,561 139,358
Income tax benefit (expense) 249 (2,511) (2,297) (3,854)
Net Income $ 27,368 $ 35,196 $ 116,264 $ 135,504
Average Common Shares Outstanding 56,310,526 51,891,557 54,901,161 51,175,345
Basic Earnings per Average Common Share $ 0.48 $ 0.68 $ 2.12 $ 2.65
Diluted Earnings per Average Common Share 0.47 0.68 2.09 2.64
Dividends Declared per Common Share $ 0.63 $ 0.620 $ 1.89 $ 1.860