v3.26.1
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues $ 747 $ 630 $ 1,876 $ 1,020
Fuel and energy purchases (357) (150) (920) (418)
Nuclear fuel amortization (22) (18) (46) (44)
Unrealized gain (loss) on derivative instruments (Note 2) 1 (84) (41) (25)
Energy Expenses (378) (252) (1,007) (487)
Operating Expenses        
Operation, maintenance and development (210) (192) (375) (338)
General and administrative (98) (41) (122) (75)
Depreciation, amortization and accretion (Note 7) (103) (70) (195) (144)
Other operating income (expense), net (30) (9) (39) (16)
Operating Income (Loss) (72) 66 138 (40)
Nuclear decommissioning trust funds gain (loss), net (Note 6) 134 80 112 68
Interest expense and other finance charges (Note 10) (214) (62) (333) (136)
Other non-operating income (expense), net 23 13 35 18
Income (Loss) Before Income Taxes (129) 97 (48) (90)
Income tax benefit (expense) (Note 4) 37 (25) 19 27
Net Income (Loss) $ (92) $ 72 $ (29) $ (63)
Per Common Share        
Net Income (Loss) Attributable to Stockholders - Basic (in dollars per share) $ (2.00) $ 1.58 $ (0.63) $ (1.38)
Net Income (Loss) Attributable to Stockholders - Diluted (in dollars per share) $ (2.00) $ 1.50 $ (0.63) $ (1.38)
Weighted-Average Number of Common Shares Outstanding - Basic (in shares) 45,904 45,554 45,759 45,699
Weighted-Average Number of Common Shares Outstanding - Diluted (in shares) 45,904 47,905 45,759 45,699
Net Income (Loss) Attributable to Stockholders $ (92) $ 72 $ (29) $ (63)
Energy and other revenues        
Operating revenues 722 366 1,756 948
Capacity revenues        
Operating revenues 237 88 444 137
Unrealized gain (loss) on derivative instruments (Note 2)        
Operating revenues $ (212) $ 176 $ (324) $ (65)