v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES        
Natural gas $ 1,364 $ 1,470 $ 3,389 $ 3,832
Electric 1,158 1,031 2,382 2,090
Energy-related businesses 475 499 881 880
Total revenues 2,997 3,000 6,652 6,802
Operating expenses:        
Operation and maintenance (1,251) (1,239) (2,493) (2,582)
Depreciation and amortization (612) (653) (1,233) (1,293)
Franchise fees and other taxes (194) (165) (404) (361)
Other income, net 67 59 167 150
Interest income 38 14 78 48
Interest expense (430) (359) (812) (792)
Income before income taxes and equity earnings 507 298 1,355 949
Income tax expense (112) (172) (177) (229)
Equity earnings 547 393 914 718
Net income 942 519 2,092 1,438
Earnings attributable to noncontrolling interests (141) (46) (248) (48)
Earnings attributable to contingently redeemable noncontrolling interest (4) 0 (10) 0
Preferred dividends 0 (11) 0 (22)
Preferred dividends of subsidiary (1) (1) (1) (1)
Earnings attributable to common shares $ 796 $ 461 $ 1,833 $ 1,367
Basic EPS:        
Earnings (in dollars per share) $ 1.22 $ 0.71 $ 2.80 $ 2.10
Weighted-average common shares outstanding (in shares) 654,038 652,664 653,815 652,330
Diluted EPS:        
Earnings (in dollars per share) $ 1.21 $ 0.71 $ 2.80 $ 2.09
Weighted-average common shares outstanding (in shares) 655,945 653,224 655,718 653,123
Natural gas        
Operating expenses:        
Operating expenses $ (63) $ (183) $ (398) $ (676)
Electric fuel and purchased power        
Operating expenses:        
Operating expenses (114) (91) (195) (143)
Energy-related businesses        
Operating expenses:        
Operating expenses $ 69 $ (85) $ (7) $ (204)