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Business segment data (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Information on the Company's businesses | Information on the Company's segments was as follows:
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |
| (In thousands)
External operating revenues: |  |  |  |
Regulated operations: |  |  |  |
Electric | $ | 90,989 |  | $ | 85,551 |  | $ | 186,686 |  | $ | 179,235 |
Natural gas distribution | 218,995 |  | 210,510 |  | 784,590 |  | 660,998 |
Pipeline | 30,508 |  | 27,555 |  | 43,147 |  | 37,000 |
| 340,492 |  | 323,616 |  | 1,014,423 |  | 877,233 |
Non-regulated operations: |  |  |  |
Pipeline | 3,701 |  | 2,263 |  | 5,536 |  | 3,938 |
Construction services | 746,933 |  | 683,870 |  | 1,501,265 |  | 1,235,693 |
Other | — |  | — |  | — |  | — |
| 750,634 |  | 686,133 |  | 1,506,801 |  | 1,239,631 |
Total external operating revenues | $ | 1,091,126 |  | $ | 1,009,749 |  | $ | 2,521,224 |  | $ | 2,116,864 |
Intersegment operating revenues: |  |  |  |
Regulated operations: |  |  |  |
Electric | $ | 27 |  | $ | 34 |  | $ | 55 |  | $ | 68 |
Natural gas distribution | 69 |  | 71 |  | 139 |  | 137 |
Pipeline | 7,699 |  | 7,404 |  | 33,958 |  | 33,338 |
| 7,795 |  | 7,509 |  | 34,152 |  | 33,543 |
Non-regulated operations: |  |  |  |
Pipeline | 219 |  | 336 |  | 230 |  | 391 |
Construction services | — |  | 1,527 |  | — |  | 2,353 |
Other | 3,151 |  | 1,503 |  | 4,723 |  | 2,896 |
| 3,370 |  | 3,366 |  | 4,953 |  | 5,640 |
Total intersegment operating revenues | $ | 11,165 |  | $ | 10,875 |  | $ | 39,105 |  | $ | 39,183 |
Operating income (loss): |  |  |  |
Electric | $ | 21,561 |  | $ | 8,325 |  | $ | 42,654 |  | $ | 23,369 |
Natural gas distribution | 2,428 |  | (638) |  | 60,932 |  | 55,617 |
Pipeline | 13,886 |  | 12,602 |  | 26,926 |  | 24,484 |
Construction services | 54,310 |  | 46,141 |  | 89,527 |  | 75,639 |
Other | (10,154) |  | (3,925) |  | (19,486) |  | (9,109) |
Total operating income | $ | 82,031 |  | $ | 62,505 |  | $ | 200,553 |  | $ | 170,000 |
Net income (loss): |  |  |  |
Regulated operations: |  |  |  |
Electric | $ | 16,338 |  | $ | 4,601 |  | $ | 32,945 |  | $ | 15,880 |
Natural gas distribution | (3,157) |  | (7,498) |  | 35,771 |  | 28,817 |
Pipeline | 8,651 |  | 7,326 |  | 17,580 |  | 15,350 |
| 21,832 |  | 4,429 |  | 86,296 |  | 60,047 |
Non-regulated operations: |  |  |  |
Pipeline | 286 |  | (57) |  | (172) |  | (674) |
Construction services | 41,167 |  | 35,324 |  | 69,976 |  | 57,349 |
Other | 84,348 |  | (3,934) |  | 75,408 |  | (12,194) |
| 125,801 |  | 31,333 |  | 145,212 |  | 44,481 |
Income from continuing operations | 147,633 |  | 35,762 |  | 231,508 |  | 104,528 |
Discontinued operations, net of tax | (16,941) |  | 34,905 |  | (62,464) |  | (2,098) |
Net income | $ | 130,692 |  | $ | 70,667 |  | $ | 169,044 |  | $ | 102,430 |
Reconciliation of Revenue from Segments to Consolidated | A reconciliation of reportable segment operating revenues to consolidated operating revenues is as follows:
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |
| (In thousands)
Operating revenues reconciliation: |  |  |  |
Total reportable segment operating revenues | $ | 1,099,140 |  | $ | 1,019,121 |  | $ | 2,555,606 |  | $ | 2,153,151 |
Other revenue | 3,151 |  | 1,503 |  | 4,723 |  | 2,896 |
Elimination of intersegment operating revenues | (11,165) |  | (10,875) |  | (39,105) |  | (39,183) |
Total consolidated operating revenues | $ | 1,091,126 |  | $ | 1,009,749 |  | $ | 2,521,224 |  | $ | 2,116,864 |

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