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Business segment data (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Information on the Company's businesses | Information on the Company's segments was as follows:
| Three Months Ended | Nine Months Ended
| September 30, | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |
| (In thousands)
External operating revenues: |  |  |  |
Regulated operations: |  |  |  |
Electric | $ | 108,384 |  | $ | 108,089 |  | $ | 315,268 |  | $ | 294,775 |
Natural gas distribution | 133,517 |  | 134,896 |  | 794,418 |  | 919,487 |
Pipeline | 44,152 |  | 36,549 |  | 102,929 |  | 79,697 |
| 286,053 |  | 279,534 |  | 1,212,615 |  | 1,293,959 |
Non-regulated operations: |  |  |  |
Pipeline | 3,476 |  | 3,855 |  | 9,542 |  | 9,389 |
Construction services | 760,986 |  | 717,406 |  | 2,089,711 |  | 2,218,672 |
Other | 1 |  | — |  | 18 |  | — |
| 764,463 |  | 721,261 |  | 2,099,271 |  | 2,228,061 |
Total external operating revenues | $ | 1,050,516 |  | $ | 1,000,795 |  | $ | 3,311,886 |  | $ | 3,522,020 |
Intersegment operating revenues: |  |  |  |
Regulated operations: |  |  |  |
Electric | $ | 96 |  | $ | 27 |  | $ | 188 |  | $ | 82 |
Natural gas distribution | 104 |  | 69 |  | 209 |  | 208 |
Pipeline | 3,904 |  | 3,666 |  | 43,033 |  | 37,624 |
| 4,104 |  | 3,762 |  | 43,430 |  | 37,914 |
Non-regulated operations: |  |  |  |
Pipeline | 27 |  | 35 |  | 263 |  | 265 |
Construction services | — |  | — |  | 336 |  | — |
Other | 1,432 |  | 1,689 |  | 4,265 |  | 6,412 |
| 1,459 |  | 1,724 |  | 4,864 |  | 6,677 |
Total intersegment operating revenues | $ | 5,563 |  | $ | 5,486 |  | $ | 48,294 |  | $ | 44,591 |
Operating income (loss): |  |  |  |
Electric | $ | 32,079 |  | $ | 28,718 |  | $ | 73,498 |  | $ | 71,372 |
Natural gas distribution | (14,695) |  | (15,258) |  | 44,747 |  | 45,674 |
Pipeline | 22,179 |  | 17,767 |  | 68,101 |  | 44,693 |
Construction services | 53,709 |  | 50,091 |  | 143,902 |  | 139,619 |
Other | (2,468) |  | 3,286 |  | (13,751) |  | (16,201) |
Total operating income | $ | 90,804 |  | $ | 84,604 |  | $ | 316,497 |  | $ | 285,157 |
Income (loss) from continuing operations: |  |  |  |
Regulated operations: |  |  |  |
Electric | $ | 24,292 |  | $ | 20,942 |  | $ | 57,689 |  | $ | 53,887 |
Natural gas distribution | (17,481) |  | (17,764) |  | 17,581 |  | 18,007 |
Pipeline | 14,810 |  | 11,450 |  | 47,054 |  | 29,029 |
| 21,621 |  | 14,628 |  | 122,324 |  | 100,923 |
Non-regulated operations: |  |  |  |
Pipeline | 374 |  | 508 |  | 447 |  | 337 |
Construction services | 41,767 |  | 35,975 |  | 108,953 |  | 105,951 |
Other | (1,603) |  | 27,107 |  | (8,093) |  | 102,515 |
| 40,538 |  | 63,590 |  | 101,307 |  | 208,803 |
Income from continuing operations | 62,159 |  | 78,218 |  | 223,631 |  | 309,726 |
Discontinued operations, net of tax | 2,456 |  | (3,289) |  | 2,319 |  | (65,752) |
Net income | $ | 64,615 |  | $ | 74,929 |  | $ | 225,950 |  | $ | 243,974 |
Schedule of Reconciliation of Revenue from Segments to Consolidated | A reconciliation of reportable segment operating revenues to consolidated operating revenues is as follows:
| Three Months Ended | Nine Months Ended
| September 30, | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |
| (In thousands)
Operating revenues reconciliation: |  |  |  |
Total reportable segment operating revenues | $ | 1,054,646 |  | $ | 1,004,592 |  | $ | 3,355,897 |  | $ | 3,560,199 |
Other revenue | 1,433 |  | 1,689 |  | 4,283 |  | 6,412 |
Elimination of intersegment operating revenues | (5,563) |  | (5,486) |  | (48,294) |  | (44,591) |
Total consolidated operating revenues | $ | 1,050,516 |  | $ | 1,000,795 |  | $ | 3,311,886 |  | $ | 3,522,020 |

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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 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
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