v3.26.1
Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2026
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Energy Products and Services

The following table summarizes the Company's energy products and services revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business, including a reconciliation to the Company's reportable segment information included in Note 13 (in millions):
For the Three-Month Period Ended March 31, 2026
PacifiCorpMidAmerican FundingNV EnergyNorthern PowergridBHE Pipeline GroupBHE TransmissionBHE Renewables
BHE and
Other(1)
Total
Customer Revenue:
Regulated:
Retail electric$1,686 $589 $694 $— $— $— $— $(1)$2,968 
Retail gas— 332 37 — — — — — 369 
Wholesale21 186 15 — 2 — — (1)223 
Transmission and distribution
35 13 16 288 — 164 — — 516 
Interstate pipeline— — — — 993 — — (57)936 
Other42 — — — 3 — — 1 46 
Total Regulated1,784 1,120 762 288 998 164 — (58)5,058 
Nonregulated— 3 4 18 383 23 188 (1)618 
Total Customer Revenue1,784 1,123 766 306 1,381 187 188 (59)5,676 
Other revenue24 17 — 30 4 2 57 — 134 
Total$1,808 $1,140 $766 $336 $1,385 $189 $245 $(59)$5,810 
For the Three-Month Period Ended March 31, 2025
PacifiCorpMidAmerican FundingNV EnergyNorthern PowergridBHE Pipeline GroupBHE TransmissionBHE Renewables
BHE and
Other(1)
Total
Customer Revenue:
Regulated:
Retail electric$1,647 $545 $633 $— $— $— $— $(1)$2,824 
Retail gas— 309 49 — — — — — 358 
Wholesale13 116 16 — 1 — — — 146 
Transmission and distribution
48 14 17 372 — 155 — — 606 
Interstate pipeline— — — — 859 — — (46)813 
Other27 — — — — — — — 27 
Total Regulated1,735 984 715 372 860 155 — (47)4,774 
Nonregulated— 2 2 25 315 29 211 — 584 
Total Customer Revenue1,735 986 717 397 1,175 184 211 (47)5,358 
Other revenue33 28 1 29 10 1 46 — 148 
Total$1,768 $1,014 $718 $426 $1,185 $185 $257 $(47)$5,506 
(1)The BHE and Other reportable segment represents amounts related principally to other corporate entities, corporate functions and intersegment eliminations.
Real Estate Services

The following table summarizes the Company's real estate services Customer Revenue by line of business (in millions):
HomeServices
Three-Month Periods
Ended March 31,
20262025
Customer Revenue:
Brokerage$778 $781 
Franchise13 10 
Total Customer Revenue791 791 
Mortgage and other revenue71 69 
Total$862 $860 

Remaining Performance Obligations

The following table summarizes the Company's revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of March 31, 2026, by reportable segment (in millions):
Performance obligations expected to be satisfied:
Less than 12 monthsMore than 12 monthsTotal
BHE Pipeline Group$3,413 $18,810 $22,223 
PAC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes PacifiCorp's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions):
Three-Month Periods
Ended March 31,
20262025
Customer Revenue:
Retail:
Residential$667 $672 
Commercial597 564 
Industrial347 344 
Other retail75 67 
Total retail1,686 1,647 
Wholesale
21 13 
Transmission35 48 
Other Customer Revenue42 27 
Total Customer Revenue1,784 1,735 
Other revenue24 33 
Total operating revenue$1,808 $1,768 
MEC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes MidAmerican Energy's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to MidAmerican Energy's reportable segment information included in Note 10 (in millions):
For the Three-Month Period Ended March 31, 2026
ElectricNatural GasOtherTotal
Customer Revenue:
Retail:
Residential$181 $217 $— $398 
Commercial82 88 — 170 
Industrial293 9 — 302 
Natural gas transportation services— 16 — 16 
Other retail33 2 — 35 
Total retail589 332 — 921 
Wholesale128 58 — 186 
Multi-value transmission projects13 — — 13 
Other Customer Revenue— — 3 3 
Total Customer Revenue730 390 3 1,123 
Other revenue17 — — 17 
Total operating revenue$747 $390 $3 $1,140 
For the Three-Month Period Ended March 31, 2025
ElectricNatural GasOtherTotal
Customer Revenue:
Retail:
Residential$181 $202 $— $383 
Commercial80 80 — 160 
Industrial251 9 — 260 
Natural gas transportation services— 16 — 16 
Other retail33 2 — 35 
Total retail545 309 — 854 
Wholesale80 36 — 116 
Multi-value transmission projects14 — — 14 
Other Customer Revenue— — 2 2 
Total Customer Revenue639 345 2 986 
Other revenue28 — — 28 
Total operating revenue$667 $345 $2 $1,014 
MidAmerican Funding, LLC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Refer to Note 9 of MidAmerican Energy's Notes to Financial Statements.
NPC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes Nevada Power's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions):
Three-Month Periods
Ended March 31,
20262025
Customer Revenue:
Retail:
Residential$234 $217 
Commercial118 98 
Industrial118 97 
Other4 — 
Total fully bundled474 412 
Distribution only service4 4 
Total retail478 416 
Wholesale, transmission and other12 14 
Total Customer Revenue490 430 
Other revenue1 1 
Total operating revenue$491 $431 
SPPC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes Sierra Pacific's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to Sierra Pacific's reportable segment information included in Note 12 (in millions):
Three-Month Periods
Ended March 31,
20262025
ElectricNatural GasTotalElectricNatural GasTotal
Customer Revenue:
Retail:
Residential$89 $23 $112 $93 $32 $125 
Commercial72 9 81 73 13 86 
Industrial52 2 54 48 4 52 
Other1 — 1 2 — 2 
Total fully bundled214 34 248 216 49 265 
Distribution only service2 — 2 2 — 2 
Total retail216 34 250 218 49 267 
Wholesale, transmission and other19 3 22 18 — 18 
Total Customer Revenue235 37 272 236 49 285 
Other revenue— — — — — — 
Total operating revenue$235 $37 $272 $236 $49 $285 
EEGH  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes Eastern Energy Gas' revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business (in millions):
Three-Month Periods
Ended March 31,
20262025
Customer Revenue:
Regulated:
Gas transmission and storage$339 $332 
Wholesale2 1 
Total regulated341 333 
Nonregulated305 244 
Total Customer Revenue646 577 
Other revenue(1)
6 1 
Total operating revenue$652 $578 
(1)Other revenue consists primarily of revenue recognized in accordance with Accounting Standards Codification 815, "Derivative and Hedging" which includes unrealized gains and losses for derivatives not designated as hedges related to natural gas sales contracts, contingent fees from certain farmout agreements recognized in accordance with ASC 450, "Contingencies" and the royalties from the conveyance of mineral rights accounted for under Accounting Standards Codification 932, "Extractive Activities – Oil and Gas".

Eastern Energy Gas has recognized contract liabilities of $38 million and $43 million as of March 31, 2026, and December 31, 2025, respectively, due to the relationship between Eastern Energy Gas' performance and the customer's payment. Eastern Energy Gas recognizes revenue as it fulfills its obligations to provide services to its customers. During the three-month periods ended March 31, 2026 and 2025, Eastern Energy Gas recognized revenue of $11 million and $9 million, respectively, from the beginning contract liability balances.

Remaining Performance Obligations

The following table summarizes Eastern Energy Gas' revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of March 31, 2026 (in millions):
Performance obligations expected to be satisfied:
Less than 12 monthsMore than 12 monthsTotal
Eastern Energy Gas$1,792 $13,231 $15,023 
EGTS  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes EGTS' revenue from contracts with customers ("Customer Revenue") by regulated and other, with further disaggregation of regulated by line of business (in millions):
Three-Month Periods
Ended March 31,
20262025
Customer Revenue:
Regulated:
Gas transmission$195 $190 
Gas storage71 71 
Wholesale2 1 
Total regulated268 262 
Management service and other revenues15 12 
Total Customer Revenue283 274 
Other revenue(1)
6 1 
Total operating revenue$289 $275 

(1)Other revenue consists primarily of revenue recognized in accordance with Accounting Standards Codification 815, "Derivative and Hedging" which includes unrealized gains and losses for derivatives not designated as hedges related to natural gas sales contracts, contingent fees from certain farmout agreements recognized in accordance with ASC 450, "Contingencies" and the royalties from the conveyance of mineral rights accounted for under Accounting Standards Codification 932, "Extractive Activities – Oil and Gas".

Remaining Performance Obligations

The following table summarizes EGTS' revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of March 31, 2026 (in millions):
Performance obligations expected to be satisfied:
Less than 12 monthsMore than 12 monthsTotal
EGTS$838 $2,890 $3,728