Revenues (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

The following table discloses revenue by primary geographical market, customer type, and customer credit risk profile (in thousands). The table also includes a reconciliation of the disaggregated revenue to revenue by reportable segment (in thousands).


	Reportable Segments
	Three Months Ended March 31, 2026				Three Months Ended March 31, 2025
	Retail Electricity (c)		Retail Natural Gas		Total Reportable Segments		Retail Electricity (c)		Retail Natural Gas		Total Reportable Segments

Primary markets (a)
New England	$	20,352	$	9,970	$	30,322	$	21,272	$	5,195	$	26,467
Mid-Atlantic	46,306		22,789		69,095		38,860		20,224		59,084
Midwest	8,551		13,943		22,494		8,119		12,219		20,338
Southwest	11,657		21,800		33,457		12,469		26,145		38,614
	$	86,866	$	68,502	$	155,368	$	80,720	$	63,783	$	144,503

Customer type
Commercial	$	8,872	$	30,242	$	39,114	$	10,801	$	35,046	$	45,847
Residential	64,799		24,148		88,947		76,217		28,503		104,720
Unbilled revenue (b)	13,195		14,112		27,307		(6,298)		234		(6,064)
	$	86,866	$	68,502	$	155,368	$	80,720	$	63,783	$	144,503

Customer credit risk
POR	$	63,134	$	34,527	$	97,661	$	55,934	$	28,966	$	84,900
Non-POR	23,732		33,975		57,707		24,786		34,817		59,603
	$	86,866	$	68,502	$	155,368	$	80,720	$	63,783	$	144,503

Reportable Segments

(a) The primary markets include the following states:

•New England - Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island;

•Mid-Atlantic - Delaware, Maryland (including the District of Columbia), New Jersey, New York, Pennsylvania and Virginia;

•Midwest - Illinois, Indiana, Michigan and Ohio; and

•Southwest - Arizona, California, Colorado, Florida, Nevada and Texas.

(b) Unbilled revenue is recorded in total until it is actualized, at which time it is categorized between commercial and residential customers.

Reconciliation to Condensed Consolidated Financial Information

A reconciliation of the reportable segment operating revenues to consolidated revenues is as follows:


	Three Months Ended March 31,
	2026		2025
Total Reportable Segments Revenue	$	155,368	$	144,503
Net asset optimization gain (expense)	3,661		(2,249)
Other Revenue	—		3
Total Revenues	$	159,029	$	142,257

Schedule of Beginning and Ending Balances of Account Receivables

The following table reflects the Company's beginning and ending balances of our account receivables.


	Three Months Ended March 31,
	2026		2025
Beginning balance accounts receivables	$	85,884	$	65,442
Ending balance of accounts receivables	$	74,193	$	70,442

Schedule of Accounts Receivable, Allowance for Credit Loss

A rollforward of our allowance for credit losses for the three months ended March 31, 2026 are presented in the table below (in thousands):




Balance at December 31, 2025	$	(2,670)

Current period credit loss provision	(229)
Write-offs	414
Recovery of previous write-offs	(5)
Balance at March 31, 2026	$	(2,490)