INCOME TAXES |
3 Months Ended |
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Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES
We recorded a tax benefit for income taxes of $3,184 for the three months ended March 31, 2026 and a provision of $1,188 for the three months ended March 31, 2025, respectively.
For the three months ended March 31, 2026, the effective tax rate provision of 18.1% was applied to a loss before income taxes resulting in a tax benefit. For the three months ended March 31, 2025, the effective tax rate benefit of 26.9% was applied to a loss before income taxes resulting in a tax provision.
The change in the effective rate from a benefit for the three months ended March 31, 2025 to a provision for the three months ended March 31, 2026 is primarily attributable to the Company’s plan to sell investment tax credits to be generated on energy assets during 2026, rather than retaining them compared to 2025. Excluding the effects of investment tax credits on the rate difference, there is a partially offsetting impact in the rate primarily attributable to higher earnings in joint venture projects not taxable to the Company.
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- References No definition available.
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- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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