Bob. Thanks
million XX% decline increases net in was million on year expense, income that million, the year-over-year in prior income property X.X%, enough operating period. the a interest than or thus was As resulting $XX.X Gross not overcome margin $X.X expenses but other general or and expense, a increase the Bob taxes, less to for quarter tax pointed basis. was $X.X out, up
quarter Getting margin, certainly and gross it margin was disappointing into these, that. points more fairness, details on to a just gross in
into almost million take most of all $X.X If cover increase not disappointing. business of of you was to electric enough costs that our -- the from coming again X.X% consideration, that the increase side and
as transmission in recovery those increases In through of of offset lack by items two, to having margin, the impact of really on the were first the result activities other at We're a and our Colstrip primarily revenue pretty system, people were as lower activity at gross those some a Those impact much -- seeing detail Act items Jobs in result utilize there the that not XXXX. plant, Electric in transmission Oasis. fewer Cuts and a year-over-year Montana gross supply benefit XXXX more are basis on Tax cost detriments margin.
on of cover quarter retail electric that for look business, rates Montana our $X.X the shortfall kind of our received the not Electric business, stipulation at of million was increase enough volumes. that -- in the things underlying based recorded to side the we upon electric are, When you this
to cover was the side, enough small rate. And step-down on not gas in Montana in fact, the had the natural retail that in we gas natural gas increase volumes
a to as up netted so, of margin $X.X all flat increase perspective. and margin said, million, changes very I from a disappointing those So,
flowing The an in and property million. for $X.X margin trackers here operating netted other increase gross of increase other through million those expenses of and total the $X.X item to shown taxes PTCs
weather in in the was page, weather we top. days, a might we heating even very were It's the the it when a for quarter in cooling storm actually it we very little only some for us. to Heating degrees There's quarter month the of for next But received Montana. degree warm third forward a are Moving typically a at quarter. us. get September, that on perfect was that weak bit degrees heating shown
had you during will quarter. degree if heating So lowered the very little we
see, of the the cooling, we third your period. August map again being that July colder and below, months you'd all can cooling most And time your you quarter as in our during a see where down were expect to jurisdictions by two
of was a storm. perfect it a So bit
estimate can XXXX and you as resulting pre-tax unfavorable compared pre-tax to QX compared million detriment a to $X.X in $X.X see XXXX. normal weather we in As a million QX detriment as
million to Operating X.X% on a Then on forward move $X.X $XXX.X operating basis. page. year-over-year increase expense or the expenses or million next were
in the that OG&A we've talked we actually on the invest things during our putting impact things pension. on years decisions money The income. to about more quarters previous have Focusing changes made into good net those in
the We dollars for drivers higher the during are have in two this hazard and biggest in trees, an under-funded position, investing OG&A particularly increase in quarter. then Montana
have costs other by primarily also timing maintenance We maintenance the offset of costs and some labor higher -- generation legal some during some generation some and quarter.
offset million. the of million Offsetting $X.X within $X.X in Those elsewhere up a OG&A, net Those items those in $X change things degree for a a income impacting to million that for added P&L. are were quarter. OG&A of in total totaled increase the $X million items to
That's million property In down $X.X taxes, plant lastly, actually stipulation had also million adjustment result was we depletion to increase rate the that primarily plant depreciation in $X.X additions. primarily a a depreciation of And the offset to result partly case additions. by addition of $XXX,XXX. then increase
to million, X.X% other prior into operating shown have in of items million as the primarily interest due margin the million worse to offset the in all other in P&L matters expense period. consideration, $X.X offset taking primarily was of expense, those gross $X.X the or an net of of had have operating higher forward on a higher year as borrowings. did Moving than which $XX.X you'd income We to an income elsewhere increase those expense We million, as increase $X.X terms there.
we income expense, did netting taxes Those have on then the lastly, million. tax of things year a before of $XX.X XX.X% than worse $XX.X basis, prior or income $X contributed net And year-over-year period. to income million X.X% of increase to or million,
expect terms year the pre-tax on to prior might of permanent speaking this had filing we or income of taxes primary offsetting If $X.X of we That is income and it and of because pretax. but $X.XX as reduction a a in page basis you tax expense down taxes result of did that swing federal might of we way return tax we there. – adjustment, income next as reflects year-over-year state change reconciliation for a driver of taxes really basis. a the Income think accrual have in the move move side, be both the return lower to as million, lower or an the our adjustment $X.X year-to-year million, on there of on increase a a
capitalization end It lot to nice XX% see of report balance of from Moving XX, see to is to balance the a over ratio shareholders' of sheet, to range. debt forward our That's perspective. to XX% September go total very at good helpful. the lower $X a here to Also very, equity sheet XXXX. not on end the billion to be the
flow back to seen decline basis We driven customers report flow flow year was interconnection. in on and year-over-year by to forward we had the but to four months. quarter down statement, Jobs Act for had cash an Cuts in generation credits million, collection the supply had cash really that did Cash things. We've resolved the flowed nine through in from have costs $XX in that give under during operations XXXX, benefits we the XXXX. Tax was last of as customers a through we to a Moving
have then insurance a the very to We proceeds deposits XXXX. had prior compared this refunds. in in small And year we lastly, We year. had
with flat. Nonetheless, all increase result those whole the coupled as were six more quarter it issue months certainly that on Cash have basis months a about basis. $XX in was the of year to through during the of year. of to relatively items debt as year-over-year $XX an first down flow year-to-date a us is Most nine investing for of million the a a activity million on
to non-GAAP forward earnings. Moving adjusted
page, the us page outer edges the since XXXX you move the easily show on non-GAAP time to towards know, you the center this some you of for with followed of GAAP then XXXX. from As so have to numbers like we and can the compare adjustments
net During two and the quarter, adjustments in a prior those compared only from income non-GAAP the adjustment $X.XX EPS unfavorable unfavorable into from those to in only well GAAP year Taking or the weather perspective down XXXX in XXXX went really to consideration, $X.XX number XX.X%. $X.XX a adjustments actually and XXXX. so $X.XX impacted that weather that was of our – and
$X.XX through the As increase increases work income more margin a tax P&L, But would say on have the interest of that the taxes I up though improvements look property in basis. decent to really tax and could I margin. did difference adjustment were of said away expense in as than return at a just on be explain same basis. again, those a the non-GAAP could year-over-year of items of in difference offset again, alone OG&A gross kind $X.XX taxes turning We and gross X.X%. the
expense results Primary is the there X.X% should Moving $XX.X on through tax a higher million on netting higher basis year-to-date benefit other financial next in have months gross a improvement and sizable amount basis. operating quarter was a expenses net I a the basis improvement the the them on second the up year. did on first million net or on income gross margin of nine and a year-to-date XX.X% did in interest to give income $XX.X million. We summary in margin we total $XXX.X page, have year-over-year or but result
basis in of we year-to-date well. We tax in year received benefit on of basis $X.XX be earlier also on benefit a weather in in through basis last this we the the as spoke remove that $X.XX year-to-date and favorable net-net remove XXXX versus I a XXXX about QF reduction we adjustment a would case on XXXX, the had year a basis. that our non-GAAP this And then show we case this if course that year-to-date $X.XX
Reason, in today we the or initiating wanted result and for – think is in the we nine clear, the do base. before XXXX at well talk I'll our guidance fact news And be the of XXXX. to I I very terms coming here. more helpful don't essence quickly at to we share really quarter in with have months XXXX And you to we information through the EEI are as for this the very as speak about for a that stipulation weeks. that that a you EEI of you walk approving will as could to through in commission it's typically XXXX
and end $X.XX anticipated obviously $X.XX. EPS of high get at the changes XXXX's start We end the add take the $X.XX on of you the $X.XX. to adjusted you you'd $X.XX kind end low and on those non-GAAP of to end When and low high
dilution $X.XX last case an terms issuance that of count in either for ultimate equity a share a range year-over-year show the we actually to in as took place $X.XX. with of basis XXXX of of However, will result year $X.XX
to assume it's normal And the good that, order a we'll news final final the Clear we from year. obviously, commission. get always stipulation in remainder that the weather then approved. the say But assumptions is our settlement of
have on end X% diluted also particularly we of talk this important prepared tax We range to outstanding the couple stay of shares an call, at It's to on of approximately as of year. we out investors earnings income X%, through to growth investors our point the total long-term return EEI get to XX.X% at X% focused remind that to rate targeted XXXX yield. and to about a continue to you are to our dividend X% combination a in of weeks and and
achieve speak talk And will this commit Dakota talk more news about it's Bob going EEI. we'll plan add we'll and at well. But we're resources also those our our a to, and to about more speak try South good XXXX, and the as again, of to to in Certainly, more that about our encouraging, moment. as capital ability to about resources we
about us $X.XX you the quarter do order to in fourth range? have XXXX, a going we $X.XX of midpoint to $X.XX go If think in $X.XX. to require achieve $X.XX If next you how the to that page that's to
lift. to to perspective, it know that be I'd bit looks And You last like I like compare that $X.XX expenses let with see in a numbers. think you're a quarter heavy driver primary down to achieve to those the fourth expect you fourth to in year, a help our that's quarter we But be year. going from the versus last us
say this speak lastly, EEI. around we'll all of to I'd more again, And at clarity
it And Bob. to with over I'll pass that,
