Disaggregation of Revenue [Table Text Block] |
The following tables display our revenue by major source based on product and service type for the three and six months ended June 30, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Three Months Ended June 30, 2023 | (in thousands) | | Regulated Energy | | Unregulated Energy | | Other and Eliminations | | Total | | Regulated Energy | | Unregulated Energy | | Other and Eliminations | | Total | Energy distribution | | | | | | | | | | | | | | | | | Delaware natural gas division | | $ | 13,404 | | | $ | — | | | $ | — | | | $ | 13,404 | | | $ | 14,109 | | | $ | — | | | $ | — | | | $ | 14,109 | | Florida natural gas distribution | | 39,917 | | | — | | | — | | | 39,917 | | | 40,766 | | | — | | | — | | | 40,766 | | Florida City Gas | | 32,494 | | | — | | | — | | | 32,494 | | | — | | | — | | | — | | | — | | FPU electric distribution | | 22,546 | | | — | | | — | | | 22,546 | | | 23,034 | | | — | | | — | | | 23,034 | | Maryland natural gas division | | 4,681 | | | — | | | — | | | 4,681 | | | 4,622 | | | — | | | — | | | 4,622 | | Sandpiper natural gas/propane operations | | 3,898 | | | — | | | — | | | 3,898 | | | 4,079 | | | — | | | — | | | 4,079 | | Elkton Gas | | 1,308 | | | — | | | — | | | 1,308 | | | 1,303 | | | — | | | — | | | 1,303 | | Total energy distribution | | 118,248 | | | — | | | — | | | 118,248 | | | 87,913 | | | — | | | — | | | 87,913 | | Energy transmission | | | | | | | | | | | | | | | | | Aspire Energy | | — | | | 5,331 | | | — | | | 5,331 | | | — | | | 5,726 | | | — | | | 5,726 | | Aspire Energy Express | | 368 | | | — | | | — | | | 368 | | | 369 | | | — | | | — | | | 369 | | Eastern Shore | | 19,860 | | | — | | | — | | | 19,860 | | | 19,632 | | | — | | | — | | | 19,632 | | Peninsula Pipeline | | 8,069 | | | — | | | — | | | 8,069 | | | 7,593 | | | — | | | — | | | 7,593 | | Total energy transmission | | 28,297 | | | 5,331 | | | — | | | 33,628 | | | 27,594 | | | 5,726 | | | — | | | 33,320 | | Energy generation | | | | | | | | | | | | | | | | | Eight Flags | | — | | | 4,464 | | | — | | | 4,464 | | | — | | | 4,532 | | | — | | | 4,532 | | Propane operations | | | | | | | | | | | | | | | | | Propane delivery operations | | — | | | 28,040 | | | — | | | 28,040 | | | — | | | 27,315 | | | — | | | 27,315 | | Compressed Natural Gas Services | | | | | | | | | | | | | | | | | Marlin Gas Services | | — | | | 3,647 | | | — | | | 3,647 | | | — | | | 3,238 | | | — | | | 3,238 | | Other and eliminations | | | | | | | | | | | | | | | | | Eliminations | | (15,920) | | | (63) | | | (5,818) | | | (21,801) | | | (14,366) | | | (60) | | | (6,344) | | | (20,770) | | Other | | — | | | | | 46 | | | 46 | | | — | | | — | | | 45 | | | 45 | | Total other and eliminations | | (15,920) | | | (63) | | | (5,772) | | | (21,755) | | | (14,366) | | | (60) | | | (6,299) | | | (20,725) | | | | | | | | | | | | | | | | | | | Total operating revenues (1) | | $ | 130,625 | | | $ | 41,419 | | | $ | (5,772) | | | $ | 166,272 | | | $ | 101,141 | | | $ | 40,751 | | | $ | (6,299) | | | $ | 135,593 | |
(1) Total operating revenues for the three months ended June 30, 2024 include other revenue (revenues from sources other than contracts with customers) of $0.1 million for both our Regulated and Unregulated Energy segments, and $0.2 million and $0.1 million for our Regulated and Unregulated Energy segments, respectively, for the three months ended June 30, 2023. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper Energy and late fees. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Six Months Ended June 30, 2023 | (in thousands) | | Regulated Energy | | Unregulated Energy | | Other and Eliminations | | Total | | Regulated Energy | | Unregulated Energy | | Other and Eliminations | | Total | Energy distribution | | | | | | | | | | | | | | | | | Delaware natural gas division | | $ | 45,321 | | | $ | — | | | $ | — | | | $ | 45,321 | | | $ | 51,016 | | | $ | — | | | $ | — | | | $ | 51,016 | | Florida natural gas distribution | | 87,873 | | | — | | | — | | | 87,873 | | | 87,124 | | | — | | | — | | | 87,124 | | Florida City Gas | | 68,371 | | | — | | | — | | | 68,371 | | | — | | | — | | | — | | | — | | FPU electric distribution | | 42,510 | | | — | | | — | | | 42,510 | | | 45,771 | | | — | | | — | | | 45,771 | | Maryland natural gas division | | 14,536 | | | — | | | — | | | 14,536 | | | 16,884 | | | — | | | — | | | 16,884 | | Sandpiper natural gas/propane operations | | 10,955 | | | — | | | — | | | 10,955 | | | 11,161 | | | — | | | — | | | 11,161 | | Elkton Gas | | 4,167 | | | — | | | — | | | 4,167 | | | 5,444 | | | — | | | — | | | 5,444 | | Total energy distribution | | 273,733 | | | — | | | — | | | 273,733 | | | 217,400 | | | — | | | — | | | 217,400 | | Energy transmission | | | | | | | | | | | | | | | | | Aspire Energy | | — | | | 18,939 | | | — | | | 18,939 | | | — | | | 19,680 | | | — | | | 19,680 | | Aspire Energy Express | | 737 | | | — | | | — | | | 737 | | | 733 | | | — | | | — | | | 733 | | Eastern Shore | | 41,126 | | | — | | | — | | | 41,126 | | | 40,302 | | | — | | | — | | | 40,302 | | Peninsula Pipeline | | 16,061 | | | — | | | — | | | 16,061 | | | 14,504 | | | — | | | — | | | 14,504 | | Total energy transmission | | 57,924 | | | 18,939 | | | — | | | 76,863 | | | 55,539 | | | 19,680 | | | — | | | 75,219 | | Energy generation | | | | | | | | | | | | | | | | | Eight Flags | | — | | | 9,019 | | | — | | | 9,019 | | | — | | | 9,832 | | | — | | | 9,832 | | Propane operations | | | | | | | | | | | | | | | | | Propane delivery operations | | — | | | 89,612 | | | — | | | 89,612 | | | — | | | 87,295 | | | — | | | 87,295 | | Compressed Natural Gas Services | | | | | | | | | | | | | | | | | Marlin Gas Services | | — | | | 7,075 | | | — | | | 7,075 | | | — | | | 7,238 | | | — | | | 7,238 | | Other and eliminations | | | | | | | | | | | | | | | | | Eliminations | | (32,606) | | | (123) | | | (11,648) | | | (44,377) | | | (29,528) | | | (129) | | | (13,696) | | | (43,353) | | Other | | — | | | | | 91 | | | 91 | | | — | | | — | | | 91 | | | 91 | | Total other and eliminations | | (32,606) | | | (123) | | | (11,557) | | | (44,286) | | | (29,528) | | | (129) | | | (13,605) | | | (43,262) | | | | | | | | | | | | | | | | | | | Total operating revenues (1) | | $ | 299,051 | | | $ | 124,522 | | | $ | (11,557) | | | $ | 412,016 | | | $ | 243,411 | | | $ | 123,916 | | | $ | (13,605) | | | $ | 353,722 | |
(1) Total operating revenues for the six months ended June 30, 2024 include other revenue (revenues from sources other than contracts with customers) of $0.7 million and $0.2 million for our Regulated and Unregulated Energy segments, respectively, and $0.8 million and $0.2 million for our Regulated and Unregulated Energy segments, respectively, for the six months ended June 30, 2023. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for the Maryland division and Sandpiper Energy and late fees.
|