Total Operating Revenues

Q4 2023: $1.135B → Q4 2024: –$1.554B (drastic reversal)

The extreme turnaround likely stems from significant operational or accounting adjustments—such as revenue reclassification or project cancellations—that contrast sharply with the previous period’s positive revenue recognition. " "

Operating Income

Q4 2023: $140.82M → Q4 2024: –$50.86M

The plunge reflects dramatic deterioration in core operations, with increased operating expenses and cost overruns overwhelming revenue performance, signaling margin pressures that were not present in Q4 2023. " "

Income from Continuing Operations

Q4 2023: $170.70M → Q4 2024: –$42.56M

The swing to negative earnings indicates the loss of one-time or nonrecurring benefits from the prior period (such as favorable adjustments) combined with operational challenges and higher ongoing costs that eroded recurring earnings. " "

Net Income

Q4 2023: $170.73M → Q4 2024: $55.16M

The significant decline in net income underscores that core earnings have weakened, partly due to the absence of value-boosting factors seen previously and the impact of deteriorated operating margins, even when offset to a limited degree by discontinued operations profits. " "

Basic Earnings Per Share

Q4 2023: $0.84 → Q4 2024: $0.27

The notable drop in EPS is a direct consequence of lower net income and overall deteriorated operational performance, reflecting the broader earnings pressure compared to the favorable results of Q4 2023. " "

Natural Gas Distribution Revenue

Q3 2024: $133.5M → Q4 2024: $406.57M (quarterly surge)

The sharp surge is attributable to strong rate relief and increased customer volumes driving revenue upward, an improvement that contrasts with earlier quarter performance and underscores better market or pricing conditions in this segment. " "

Pipeline Segment Revenue

Q3 2024: $44.2M → Q4 2024: $7.14M (~84% decline)

The steep decline suggests significant challenges in the pipeline segment, potentially from reduced transportation volumes or lower service rates, which reversed the gains achieved previously and left the segment with markedly lower revenues. " "