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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues        
Total Operating Revenues $ 342,336 $ 337,716 $ 689,404 $ 676,797
Operating Expenses        
Electric Production Fuel 12,324 14,833 30,018 26,326
Electric Purchased Power 9,249 5,212 31,771 47,037
Electric Operating and Maintenance Expenses 44,652 45,522 92,630 91,070
Cost of Products Sold (excluding depreciation) 116,795 120,658 231,518 233,027
Nonelectric Selling, General, and Administrative Expenses 18,154 16,870 37,067 35,568
Depreciation and Amortization 26,632 24,232 52,528 48,089
Electric Property Taxes 3,619 4,336 7,986 8,957
Total Operating Expenses 231,425 231,663 483,518 490,074
Operating Income 110,911 106,053 205,886 186,723
Other Income and (Expense)        
Interest Expense (10,202) (9,696) (20,052) (19,111)
Nonservice Components of Postretirement Benefits 2,388 2,421 4,830 4,833
Other Income (Expense), net 4,490 3,253 9,069 5,370
Income Before Income Taxes 107,587 102,031 199,733 177,815
Income Tax Expense 20,592 20,062 38,400 33,365
Net Income $ 86,995 $ 81,969 $ 161,333 $ 144,450
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 41,784 41,678 41,754 41,655
Diluted (in shares) 42,068 42,053 42,051 42,035
Earnings Per Share:        
Basic (in dollars per share) $ 2.08 $ 1.97 $ 3.86 $ 3.47
Diluted (in dollars per share) $ 2.07 $ 1.95 $ 3.84 $ 3.44
Electric        
Operating Revenues        
Total Operating Revenues $ 112,828 $ 113,763 $ 254,317 $ 265,671
Product Sales        
Operating Revenues        
Total Operating Revenues $ 229,508 $ 223,953 $ 435,087 $ 411,126