XML 39 R26.htm IDEA: XBRL DOCUMENT v3.26.1

Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Summarized Financial Information

The following tables show segment financial information in thousands of dollars for the periods presented. All revenues are from external customers. Segment operating margin is calculated by dividing operating income by revenues.

Three Months Ended March 31, 2026						Electric						Underground and Infrastructure						Total
Revenues						$	6,468,657					$	1,406,130					$	7,874,787
Segment operating expense (excluding segment depreciation expense)						5,839,272						1,275,016						7,114,288
Segment depreciation expense						82,772						25,497						108,269
Segment operating expenses						5,922,044						1,300,513						7,222,557
Equity in earnings of integral unconsolidated affiliates						14,469						—						14,469
Segment operating income						$	561,082					$	105,617					$	666,699
Segment operating margin						8.7		%				7.5		%
Corporate and non-allocated costs (1)																		(327,920)
Total consolidated operating income																		$	338,779

Three Months Ended March 31, 2025						Electric						Underground and Infrastructure						Total
Revenues						$	4,944,391					$	1,288,943					$	6,233,334
Segment operating expense (excluding segment depreciation expense)						4,482,845						1,186,007						5,668,852
Segment depreciation expense						66,311						26,069						92,380
Segment operating expenses						4,549,156						1,212,076						5,761,232
Equity in earnings of integral unconsolidated affiliates						12,929						—						12,929
Segment operating income						$	408,164					$	76,867					$	485,031
Segment operating margin						8.3		%				6.0		%
Corporate and non-allocated costs (1)																		(245,950)
Total consolidated operating income																		$	239,081

(1)    Corporate and non-allocated costs included amortization expense of $152.4 million and $109.6 million and non-cash stock-based compensation of $62.6 million and $38.2 million for the three months ended March 31, 2026 and 2025.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration