Schedule of Segment Reporting Information by Segment |
The following tables present financial information about our reportable segments:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2024 | | 2023 | | 2024 | | 2023 | (in thousands) | | | | | | | | | Operating Revenues, Unaffiliated Customers | | | | | | | | | Regulated Energy | | $ | 127,000 | | | $ | 100,657 | | | $ | 294,927 | | | $ | 242,279 | | Unregulated Energy | | 39,272 | | | 34,936 | | | 117,089 | | | 111,443 | | Total operating revenues, unaffiliated customers | | $ | 166,272 | | | $ | 135,593 | | | $ | 412,016 | | | $ | 353,722 | | Intersegment Revenues (1) | | | | | | | | | Regulated Energy | | $ | 3,625 | | | $ | 484 | | | $ | 4,124 | | | $ | 1,132 | | Unregulated Energy | | 2,147 | | | 5,816 | | | 7,433 | | | 12,473 | | Other businesses | | 46 | | | 45 | | | 91 | | | 91 | | Total intersegment revenues | | $ | 5,818 | | | $ | 6,345 | | | $ | 11,648 | | | $ | 13,696 | | Operating Income (Loss) | | | | | | | | | Regulated Energy | | $ | 40,505 | | | $ | 29,291 | | | $ | 98,614 | | | $ | 66,916 | | Unregulated Energy | | 238 | | | (993) | | | 21,667 | | | 16,252 | | Other businesses and eliminations | | 47 | | | 48 | | | 94 | | | 93 | | Operating income | | 40,790 | | | 28,346 | | | 120,375 | | | 83,261 | | Other income, net | | 1,110 | | | 831 | | | 1,305 | | | 1,107 | | Interest charges | | 16,813 | | | 6,964 | | | 33,839 | | | 14,196 | | Income Before Income Taxes | | 25,087 | | | 22,213 | | | 87,841 | | | 70,172 | | Income taxes | | 6,816 | | | 6,080 | | | 23,402 | | | 17,695 | | Net Income | | $ | 18,271 | | | $ | 16,133 | | | $ | 64,439 | | | $ | 52,477 | | | | | | | | | | | | | | | | | | | |
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.
| | | | | | | | | | | | | | | (in thousands) | | June 30, 2024 | | December 31, 2023 | Identifiable Assets | | | | | Regulated Energy segment | | $ | 2,882,798 | | | $ | 2,781,581 | | Unregulated Energy segment | | 447,913 | | | 477,402 | | Other businesses and eliminations | | 50,042 | | | 45,721 | | Total Identifiable Assets | | $ | 3,380,753 | | | $ | 3,304,704 | |
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