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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Electric $ 295,308 $ 271,727
Gas 159,234 122,755
Total Revenues 454,542 394,482
Operating expenses    
Fuel, purchased supply and direct transmission expense (exclusive of depreciation and depletion shown separately below) 165,492 135,073
Operating and maintenance 55,861 52,794
Administrative and general 34,748 31,644
Property and other taxes 49,151 46,850
Depreciation and depletion 53,248 48,905
Total Operating Expenses 358,500 315,266
Operating income 96,042 79,216
Interest expense, net (28,008) (23,716)
Other income, net 4,737 4,721
Income before income taxes 72,771 60,221
Income tax expense (10,241) (1,111)
Net Income $ 62,530 $ 59,110
Average Common Shares Outstanding 59,776,195 54,096,768
Basic Earnings per Average Common Share $ 1.05 $ 1.09
Diluted Earnings per Average Common Share 1.05 1.08
Dividends Declared per Common Share $ 0.64 $ 0.63