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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Reconciliation of Retail Gross Margin to Income Before Income Tax Expense

Below is a reconciliation of retail gross margin to income before income tax expense (in thousands):

			Three Months Ended March 31,
			2022						2021
Reconciliation of Retail Gross Margin to income before taxes
Income (loss) before income tax expense			$	37,069					$	(29,095)
Interest and other income			(48)						(86)
Interest expense			1,307						1,311
Operating income			38,328						(27,870)
Depreciation and amortization			5,184						6,036
General and administrative			14,935						12,671
Less:
Net asset optimization expense			(904)						(140)
Net, gain on non-trading derivative instruments			43,916						7,054
Net, Cash settlements on non-trading derivative instruments			(13,320)						(1,189)
Non-recurring event - Winter Storm Uri			—						(64,900)
Retail Gross Margin			$	28,755					$	50,012

Schedule of Financial Data for Business Segments

Financial data for business segments are as follows (in thousands):

Three Months Ended March 31, 2022
			Retail Electricity (a)						Retail Natural Gas						Corporate and Other						Eliminations						Consolidated
Total Revenues			$	88,041					$	40,017					$	(904)					$	—					$	127,154
Retail cost of revenues			46,160						22,547						—						—						68,707
Less:
Net asset optimization expense									—						(904)						—						(904)
Net, gain on non-trading derivative instruments			36,239						7,677						—						—						43,916
Current period settlements on non-trading derivatives			(11,544)						(1,776)						—						—						(13,320)
Retail Gross Margin			$	17,186					$	11,569					$	—					$	—					$	28,755
Total Assets at March 31, 2022			$	1,613,559					$	33,773					$	317,615					$	(1,612,199)					$	352,748
Goodwill at March 31, 2022			$	117,813					$	2,530					$	—					$	—					$	120,343

(a) Retail Electricity includes related services.

Three Months Ended March 31, 2021
			Retail Electricity						Retail Natural Gas						Corporate and Other						Eliminations						Consolidated
Total revenues			$	78,755					$	34,390					$	(140)					$	—					$	113,005
Retail cost of revenues			107,524						14,644						—						—						122,168
Less:
Net asset optimization expense			—						—						(140)						—						(140)
Net, gain on non-trading derivative instruments			6,705						349						—						—						7,054
Current period settlements on non-trading derivatives			(1,188)						(1)						—						—						(1,189)
Non-recurring event - Winter Storm Uri			(64,900)						—						—						—						(64,900)
Retail Gross Margin			$	30,614					$	19,398					$	—					$	—					$	50,012
Total Assets at December 31, 2021			$	1,527,456					$	7,320					$	311,556					$	(1,491,056)					$	355,276
Goodwill at December 31, 2021			$	117,813					$	2,530					$	—					$	—					$	120,343

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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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.

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