v3.26.1
CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Balance (in shares) at Dec. 31, 2024   574,365,598      
Beginning balance at Dec. 31, 2024 $ 19,522 $ 1,436 $ 9,601 $ 8,553 $ (68)
Increase (Decrease) in Stockholders' Equity          
Net income 927     927  
Other comprehensive income $ 2       2
Dividends declared on common stock (USD per share) $ 1.14        
Dividends declared on common stock $ (665)     (665)  
Issuances of common stock (in shares)   16,836,247      
Issuances of common stock 1,153 $ 42 1,111    
Share-based compensation 22   24 (2)  
Balance (in shares) at Jun. 30, 2025   591,201,845      
Ending balance at Jun. 30, 2025 20,961 $ 1,478 10,736 8,813 (66)
Balance (in shares) at Mar. 31, 2025   576,547,051      
Beginning balance at Mar. 31, 2025 19,804 $ 1,441 9,729 8,706 (72)
Increase (Decrease) in Stockholders' Equity          
Net income 444     444  
Other comprehensive income $ 6       6
Dividends declared on common stock (USD per share) $ 0.57        
Dividends declared on common stock $ (337)     (337)  
Issuances of common stock (in shares)   14,654,794      
Issuances of common stock 1,031 $ 37 994    
Share-based compensation 13   13    
Balance (in shares) at Jun. 30, 2025   591,201,845      
Ending balance at Jun. 30, 2025 $ 20,961 $ 1,478 10,736 8,813 (66)
Balance (in shares) at Dec. 31, 2025 623,600,715 623,600,715      
Beginning balance at Dec. 31, 2025 $ 23,609 $ 1,559 12,906 9,207 (63)
Increase (Decrease) in Stockholders' Equity          
Net income 1,142     1,142  
Other comprehensive income $ 5       5
Dividends declared on common stock (USD per share) $ 1.19        
Dividends declared on common stock $ (740)     (740)  
Issuances of common stock (in shares)   805,032      
Issuances of common stock 30 $ 2 28    
Share-based compensation $ 11   13 (2)  
Balance (in shares) at Jun. 30, 2026 624,405,747 624,405,747      
Ending balance at Jun. 30, 2026 $ 24,057 $ 1,561 12,947 9,607 (58)
Balance (in shares) at Mar. 31, 2026   624,162,780      
Beginning balance at Mar. 31, 2026 23,806 $ 1,560 12,914 9,391 (59)
Increase (Decrease) in Stockholders' Equity          
Net income 586     586  
Other comprehensive income $ 1       1
Dividends declared on common stock (USD per share) $ 0.59        
Dividends declared on common stock $ (370)     (370)  
Issuances of common stock (in shares)   242,967      
Issuances of common stock 19 $ 1 18    
Share-based compensation $ 15   15    
Balance (in shares) at Jun. 30, 2026 624,405,747 624,405,747      
Ending balance at Jun. 30, 2026 $ 24,057 $ 1,561 $ 12,947 $ 9,607 $ (58)