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Business segment data (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Information on the Company's businesses | Information on the Company's segments was as follows:
|  | Three Months Ended
|  | March 31,
|  |  | 2023 |  | 2022 |
|  |  | (In thousands)
External operating revenues: |  |  |  |
Regulated operations: |  |  |  |
Electric |  |  | $ | 95,602 |  | $ | 93,594 |
Natural gas distribution |  |  | 565,517 |  | 450,418 |
Pipeline |  |  | 12,638 |  | 9,444 |
|  |  | 673,757 |  | 553,456 |
Non-regulated operations: |  |  |  |
Pipeline |  |  | 1,693 |  | 1,676 |
Construction materials and contracting |  |  | 307,768 |  | 309,836 |
Construction services |  |  | 754,119 |  | 551,591 |
Other |  |  | — |  | — |
|  |  | 1,063,580 |  | 863,103 |
Total external operating revenues |  |  | $ | 1,737,337 |  | $ | 1,416,559 |
|  | Three Months Ended
|  | March 31,
|  |  | 2023 |  | 2022 |
|  |  | (In thousands)
Intersegment operating revenues: |  |  |  |
Regulated operations: |  |  |  |
Electric |  |  | $ | 122 |  | $ | 124 |
Natural gas distribution |  |  | 150 |  | 136 |
Pipeline |  |  | 26,259 |  | 25,933 |
|  |  | 26,531 |  | 26,193 |
Non-regulated operations: |  |  |  |
Pipeline |  |  | 151 |  | 7 |
Construction materials and contracting |  |  | 132 |  | 130 |
Construction services |  |  | 214 |  | 1,059 |
Other |  |  | 4,739 |  | 4,341 |
|  |  | 5,236 |  | 5,537 |
Total intersegment operating revenues |  |  | $ | 31,767 |  | $ | 31,730 |
Operating income (loss): |  |  |  |
Electric |  |  | $ | 21,091 |  | $ | 15,044 |
Natural gas distribution |  |  | 58,505 |  | 56,256 |
Pipeline |  |  | 13,040 |  | 11,882 |
Construction materials and contracting |  |  | (44,563) |  | (44,605) |
Construction services |  |  | 35,217 |  | 29,498 |
Other |  |  | (8,818) |  | (732) |
Total operating income |  |  | $ | 74,472 |  | $ | 67,343 |
Net income (loss): |  |  |  |
Regulated operations: |  |  |  |
Electric |  |  | $ | 16,607 |  | $ | 11,278 |
Natural gas distribution |  |  | 38,928 |  | 36,315 |
Pipeline |  |  | 8,759 |  | 7,956 |
|  |  | 64,294 |  | 55,549 |
Non-regulated operations: |  |  |  |
Pipeline |  |  | (460) |  | (619) |
Construction materials and contracting |  |  | (41,320) |  | (40,010) |
Construction services |  |  | 26,074 |  | 21,324 |
Other |  |  | (10,245) |  | (4,511) |
|  |  | (25,951) |  | (23,816) |
Income from continuing operations |  |  | 38,343 |  | 31,733 |
Discontinued operations, net of tax |  |  | 10 |  | 30 |
Net income |  |  | $ | 38,353 |  | $ | 31,763 |
Reconciliation of Revenue from Segments to Consolidated | A reconciliation of reportable segment operating revenues to consolidated operating revenues is as follows:
|  | Three Months Ended
|  | March 31,
|  |  | 2023 |  | 2022 |
|  |  | (In thousands)
Operating revenues reconciliation: |  |  |  |
Total reportable segment operating revenues |  |  | $ | 1,764,365 |  | $ | 1,443,948 |
Other revenue |  |  | 4,739 |  | 4,341 |
Elimination of intersegment operating revenues |  |  | (31,767) |  | (31,730) |
Total consolidated operating revenues |  |  | $ | 1,737,337 |  | $ | 1,416,559 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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
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