INCOME TAXES

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The effective income tax rates for the three months ended March 31, 2025 and 2024 were 21.9% and 19.8%, respectively.

The period-over-period increase in the effective income tax rate is due to the effects of rate-regulated accounting for income taxes, a state apportionment income tax rate change benefit in the prior period due to the EOG Acquisition, partially offset by higher US Investment Tax Credits, relative to higher earnings.