| Schedule of Financial Data for Business Segments |
Financial data for business segments are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | Retail Electricity (1) | | Retail
Natural Gas | | Corporate
and Other | | Eliminations | | Consolidated | | Total revenues | $ | 86,866 | | | $ | 68,502 | | | $ | 3,661 | | | $ | — | | | $ | 159,029 | | | Retail cost of revenues | 80,965 | | | 51,653 | | | — | | | — | | | 132,618 | | | Less: | | | | | | | | | | Net asset optimization gain(2) | — | | | — | | | 3,661 | | | — | | | 3,661 | | | Net, gain (loss) on non-trading derivative instruments | 11,907 | | | (3,332) | | | — | | | — | | | 8,575 | | | Current period settlements on non-trading derivatives | (14,026) | | | 1,017 | | | — | | | — | | | (13,009) | | | | | | | | | | | | | Retail Gross Margin | $ | 8,020 | | | $ | 19,164 | | | $ | — | | | $ | — | | | $ | 27,184 | | Add: Reconciling items (3) | | | | | | | | | (773) | | | Gross Profit | | | | | | | | | $ | 26,411 | | | Total Assets at March 31, 2026 | $ | 2,519,762 | | | $ | 495,916 | | | $ | 395,468 | | | $ | (3,088,164) | | | $ | 322,982 | | | Goodwill at March 31, 2026 | $ | 117,813 | | | $ | 2,530 | | | $ | — | | | $ | — | | | $ | 120,343 | |
(1) Retail Electricity includes related services.(2) For the three months ended March 31, 2026 we recorded asset optimization revenues of $22.8 million and asset optimization cost of revenues of $19.1 million, which are presented on a net basis in asset optimization revenues. (3) Reconciling item includes net asset optimization expenses, net loss and gain on non-trading derivative instruments and current period settlements on non-trading activities.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | Retail Electricity(1) | | Retail
Natural Gas | | Corporate
and Other | | Eliminations | | Consolidated | | Total revenues | $ | 80,720 | | | $ | 63,783 | | | $ | (2,246) | | | $ | — | | | $ | 142,257 | | | Retail cost of revenues | 58,202 | | | 37,189 | | | 2 | | | — | | | 95,393 | | | Less: | | | | | | | | | | Net asset optimization expense (2) | — | | | — | | | (2,249) | | | — | | | (2,249) | | | Net, gain on non-trading derivative instruments | 4,863 | | | 1,691 | | | — | | | — | | | 6,554 | | | Current period settlements on non-trading derivatives | (3,759) | | | (141) | | | — | | | — | | | (3,900) | | | | | | | | | | | | | Retail Gross Margin | $ | 21,414 | | | $ | 25,044 | | | $ | 1 | | | $ | — | | | $ | 46,459 | | Add: Reconciling items (3) | | | | | | | | | 405 | | | Gross Profit | | | | | | | | | $ | 46,864 | | | Total Assets at December 31, 2025 | $ | 2,310,059 | | | $ | 362,426 | | | $ | 383,591 | | | $ | (2,724,787) | | | $ | 331,289 | | | Goodwill at December 31, 2025 | $ | 117,813 | | | $ | 2,530 | | | $ | — | | | $ | — | | | $ | 120,343 | | | | | | | | | | | | | | | | | | | | | |
(1) Retail Electricity includes related services. (2) For the three months ended March 31, 2025, we recorded asset optimization revenues of $20.1 million and asset optimization cost of revenues and $22.3 million, respectively, which are presented on a net basis in asset optimization revenues. (3) Reconciling item includes net asset optimization expenses, net loss and gain on non-trading derivative instruments and current period settlements on non-trading activities.
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