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Business segment data (Tables)

3 Months Ended

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

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
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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

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