|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
Total operating expenses
|
|
$39.4m
|
$90.9m
|
$85.3m
|
$88.6m
|
$105.1m
|
$145.5m
|
$166.7m
|
$206.0m
|
|
Operating income
|
|
$260.8m
|
$399.6m
|
$217.3m
|
$362.4m
|
$562.3m
|
$486.1m
|
$539.1m
|
$592.2m
|
|
Depreciation, depletion and amortization
|
|
$2.6m
|
$8.9m
|
$14.4m
|
$16.3m
|
$15.4m
|
$14.8m
|
$25.2m
|
$62.5m
|
|
Ad valorem and other taxes
|
|
—
|
—
|
—
|
$144k
|
$8.9m
|
$7.4m
|
$7.3m
|
$8.3m
|
|
Other income, net
|
|
$916k
|
$2.7m
|
$2.4m
|
$624k
|
$6.5m
|
$31.5m
|
$39.7m
|
$18.9m
|
|
Current
|
|
$37.2m
|
$57.5m
|
$46.0m
|
$93.3m
|
$121.2m
|
$110.5m
|
$120.3m
|
$122.4m
|
|
Deferred
|
|
$14.8m
|
$26.0m
|
($2.4m)
|
($228k)
|
$1.3m
|
$1.4m
|
$4.6m
|
$6.6m
|
|
Net actuarial gain (loss) on pension plan, net of income taxes of $192, $483, and $(157) as of December 31, 2025, 2024 and 2023, respectively
|
|
($144k)
|
($419k)
|
($1.3m)
|
$1.6m
|
$3.5m
|
($582k)
|
$2.4m
|
$723k
|
|
Total other comprehensive income (loss)
|
|
—
|
($383k)
|
($1.2m)
|
$1.7m
|
$3.5m
|
($685k)
|
$1.8m
|
$567k
|
|
Total comprehensive income
|
|
$209.6m
|
$318.3m
|
$174.8m
|
$271.7m
|
$449.9m
|
$405.0m
|
$455.7m
|
$481.9m
|
|
Income before income taxes
|
|
$261.8m
|
$402.3m
|
$219.7m
|
$363.0m
|
$568.9m
|
$517.6m
|
$578.8m
|
$610.3m
|
|
Net income
|
|
$209.7m
|
$318.7m
|
$176.0m
|
$270.0m
|
$446.4m
|
$405.6m
|
$454.0m
|
$481.4m
|
|
Basic (in dollars per share)
|
|
$2.99
|
$4.57
|
$2.52
|
$3.87
|
$6.42
|
$5.87
|
$6.58
|
$6.98
|
|
Diluted (in dollars per share)
|
|
$2.99
|
$4.57
|
$2.52
|
$3.87
|
$6.42
|
$5.86
|
$6.57
|
$6.97
|
|
Salaries and related employee expenses
|
|
$18.4m
|
$35.0m
|
$32.2m
|
$40.0m
|
$41.4m
|
$43.4m
|
$53.6m
|
$57.9m
|
|
Water service-related expenses
|
|
$11.2m
|
$20.8m
|
$14.2m
|
$13.2m
|
$17.5m
|
$33.6m
|
$46.1m
|
$53.5m
|
|
General and administrative expenses
|
|
$4.7m
|
$9.5m
|
$9.8m
|
$11.8m
|
$13.3m
|
$14.9m
|
$34.5m
|
$23.8m
|
|
Interest expense
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$0
|
($690k)
|
|
Amortization of net actuarial costs, net of income taxes of $(41), $(182), and $(27) for the years ended December 31, 2025, 2024 and 2023, respectively
|
|
$50k
|
$36k
|
$53k
|
$114k
|
$32k
|
($103k)
|
($684k)
|
($156k)
|
|
Total income tax expense
|
|
$52.0m
|
$83.5m
|
$43.6m
|
$93.0m
|
$122.5m
|
$111.9m
|
$124.9m
|
$129.0m
|