v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues            
Total operating revenues $ 5,902   $ 5,898   $ 12,783 $ 11,881
Operating Expenses            
Operating and maintenance 2,536   2,860   5,648 5,506
Wildfire-related claims, net of recoveries 0   50   0 99
Wildfire Fund expense 126   109   228 185
Depreciation, amortization, and decommissioning 1,062   1,073   2,228 2,170
Total operating expenses 4,639   4,802   10,050 9,565
Operating Income 1,263   1,096   2,733 2,316
Interest income 110   181   232 298
Interest expense (796)   (792)   (1,599) (1,526)
Other income, net 97   84   213 154
Income Before Income Taxes 674   569   1,579 1,242
Income tax provision (benefit) (87)   20   (67) 59
Net Income 761 $ 885 549 $ 634 1,646 1,183
Preferred stock dividend requirement 28   28   55 55
Income Available for Common Shareholders 733   521   1,591 1,128
Income Available for Common Shareholders $ 733   $ 521   $ 1,591 $ 1,128
Weighted Average Common Shares Outstanding, Basic (in shares) 2,202   2,198   2,201 2,196
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,285   2,203   2,284 2,201
Net Income Per Common Share, Basic (in dollars per share) $ 0.33   $ 0.24   $ 0.72 $ 0.51
Net Income Per Common Share, Diluted (in dollars per share) $ 0.33   $ 0.24   $ 0.72 $ 0.51
Electric            
Operating Revenues            
Total operating revenues $ 4,388   $ 4,414   $ 9,355 $ 8,549
Operating Expenses            
Cost of electricity and natural gas 800   599   1,361 998
Natural gas            
Operating Revenues            
Total operating revenues 1,514   1,484   3,428 3,332
Operating Expenses            
Cost of electricity and natural gas $ 115   $ 111   $ 585 $ 607