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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Utility revenues:    
Utility revenues, exclusive of alternative revenue programs $ 606,511 $ 493,543
Alternative revenue programs 2,883 (19,038)
Total utility revenues 609,394 474,505
Non-utility revenues 22 126
Total operating revenues 609,416 474,631
Utility operating expenses:    
Resource costs 293,117 192,928
Other operating expenses 111,249 104,978
Depreciation and amortization 67,927 65,188
Taxes other than income taxes 35,688 33,894
Non-utility operating expenses 319 1,042
Total operating expenses 508,300 398,030
Income from operations 101,116 76,601
Interest expense 36,904 35,084
Interest expense to affiliated trust 657 571
Capitalized interest (961) (842)
Other income-net (9,285) (6,429)
Income before income taxes 73,801 48,217
Income tax expense (benefit) 2,306 (6,628)
Net income $ 71,495 $ 54,845
Weighted-average common shares outstanding (thousands), basic 78,161 75,169
Weighted-average common shares outstanding (thousands), diluted 78,211 75,275
Earnings per common share:    
Basic $ 0.91 $ 0.73
Diluted $ 0.91 $ 0.73