v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income - Piedmont - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Regulated natural gas $ 1,297 $ 1,105
Nonregulated electric and other 78 80
Total operating revenues 9,178 8,249
Operating Expenses    
Operation, maintenance and other 1,752 1,499
Depreciation and amortization 1,689 1,512
Property and other taxes 452 428
Total operating expenses 6,837 5,912
Gain on Sales of Other Assets and Other, net 384 6
Operating Income 2,725 2,343
Other Income and Expenses    
Equity in earnings of unconsolidated affiliates 7 11
Other income and expenses, net 133 132
Total other income and expenses 140 143
Interest Expense 968 889
Income From Continuing Operations Before Income Taxes 1,897 1,597
Income Tax Expense From Continuing Operations 333 193
Net Income 1,550 1,379
Other comprehensive loss [1] (27) (34)
Comprehensive Income 1,550 1,370
Piedmont    
Regulated natural gas 1,004 850
Nonregulated electric and other 7 7
Total operating revenues 1,011 857
Operating Expenses    
Cost of natural gas 404 272
Operation, maintenance and other 95 96
Depreciation and amortization 74 70
Property and other taxes 26 18
Total operating expenses 599 456
Gain on Sales of Other Assets and Other, net 652 0
Operating Income 1,064 401
Other Income and Expenses    
Equity in earnings of unconsolidated affiliates 2 2
Other income and expenses, net 10 11
Total other income and expenses 12 13
Interest Expense 48 47
Income From Continuing Operations Before Income Taxes 1,028 367
Income Tax Expense From Continuing Operations 258 76
Net Income 770 291
Other comprehensive loss (18) 0
Comprehensive Income $ 752 $ 291
[1] Net of income tax benefit of $8 million and $10 million for the three months ended March 31, 2026, and 2025, respectively.