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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues:        
Operating revenues: $ 1,563,799 $ 1,280,787 $ 3,958,563 $ 3,321,678
Operating expenses:        
Operation and maintenance: 1,212,620 996,591 2,936,564 2,419,531
Purchased natural gas sold 31,843 32,123 270,539 270,319
Depreciation, depletion and amortization 65,021 55,016 187,937 161,298
Taxes, other than income 46,128 38,647 148,110 128,257
Electric fuel and purchased power 18,717 18,406 64,413 58,901
Total operating expenses 1,374,329 1,140,783 3,607,563 3,038,306
Operating income 189,470 140,004 351,000 283,372
Other income 3,014 2,683 12,222 4,864
Interest expense 25,258 20,955 74,094 62,202
Income before income taxes 167,226 121,732 289,128 226,034
Income taxes 31,098 14,363 48,766 32,629
Income from continuing operations 136,128 107,369 240,362 193,405
Income (loss) from discontinued operations, net of tax (Note 10) 1,509 (118) 26 85
Net income $ 137,637 $ 107,251 $ 240,388 $ 193,490
Earnings per share - basic:        
Income from continuing operations $ 0.68 $ 0.55 $ 1.21 $ 0.99
Discontinued operations, net of tax 0.01 0 0 0
Earnings per share - basic 0.69 0.55 1.21 0.99
Earnings per share - diluted:        
Income from continuing operations 0.68 0.55 1.21 0.99
Discontinued operations, net of tax 0.01 0 0 0
Earnings per share - diluted $ 0.69 $ 0.55 $ 1.21 $ 0.99
Weighted average common shares outstanding - basic 199,343 196,018 198,016 195,618
Weighted average common shares outstanding - diluted 199,383 196,265 198,033 196,104
Regulated operation        
Operating revenues:        
Operating revenues: $ 209,444 $ 200,617 $ 885,309 $ 851,761
Operating expenses:        
Operation and maintenance: 86,249 82,920 262,434 252,961
Income from continuing operations 7,599 13,506 74,206 72,193
Nonregulated operation        
Operating revenues:        
Operating revenues: 1,354,355 1,080,170 3,073,254 2,469,917
Operating expenses:        
Operation and maintenance: 1,126,371 913,671 2,674,130 2,166,570
Income from continuing operations $ 128,529 $ 93,863 $ 166,156 $ 121,212