v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Utility plant:    
Utility plant $ 5,762,800 $ 5,400,489
Less accumulated depreciation and amortization (1,318,798) (1,241,785)
Net utility plant 4,444,002 4,158,704
Current assets:    
Cash and cash equivalents 75,990 50,121
Restricted cash 45,620 45,566
Receivables:    
Customers, net 79,986 58,585
Regulatory balancing accounts 74,028 55,917
Other, net 19,418 33,976
Accrued and unbilled revenue, net 61,654 39,718
Materials and supplies 20,069 20,511
Taxes, prepaid expenses, and other assets 22,547 19,742
Total current assets 399,312 324,136
Other assets:    
Regulatory assets 326,519 357,406
Goodwill 37,063 37,063
Other 312,521 302,974
Total other assets 676,103 697,443
TOTAL ASSETS 5,519,417 5,180,283
Capitalization:    
Common stock, $0.01 par value; 136,000 shares authorized, 59,591 and 59,484 outstanding on September 30, 2025 and December 31, 2024, respectively 596 595
Additional paid-in capital 970,960 966,975
Retained earnings 735,673 674,918
Accumulated other comprehensive loss (6,755) (7,217)
Noncontrolling interest 2,421 3,015
Total equity 1,702,895 1,638,286
Long-term debt, net 1,103,819 1,104,571
Total capitalization 2,806,714 2,742,857
Current liabilities:    
Current maturities of long-term debt, net 72,490 72,422
Short-term borrowings 345,000 205,000
Accounts payable 188,176 167,533
Regulatory balancing accounts 23,443 22,648
Accrued other taxes 17,886 6,084
Accrued interest 19,478 8,406
Other accrued liabilities 63,446 56,271
Total current liabilities 729,919 538,364
Deferred income taxes 407,562 411,083
Regulatory liabilities 870,620 814,551
Pension 82,427 81,665
Advances for construction 210,412 202,614
Contributions in aid of construction 295,649 294,970
Other 116,114 94,179
Commitments and contingencies (Note 9)
TOTAL CAPITALIZATION AND LIABILITIES $ 5,519,417 $ 5,180,283

Source

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