v3.26.1
CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 4,069 $ 3,595 $ 9,164 $ 8,393
OPERATING EXPENSES        
Depreciation and amortization 578 576 1,150 1,140
Taxes, other than income taxes 977 894 2,013 1,841
TOTAL OPERATING EXPENSES 3,517 3,240 7,434 6,913
OPERATING INCOME 552 355 1,730 1,480
Gain on sale of equity interest in Mountain Valley Pipeline, LLC 0 0 189 0
OTHER INCOME (DEDUCTIONS)        
Investment income 11 17 29 33
Other income 148 214 289 415
Allowance for equity funds used during construction 24 18 47 36
Other deductions (13) (8) (27) (22)
TOTAL OTHER INCOME 170 241 338 462
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 722 596 2,257 1,942
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 313 292 621 584
Other interest expense 20 26 38 64
Allowance for borrowed funds used during construction (19) (18) (37) (36)
NET INTEREST EXPENSE 314 300 622 612
INCOME BEFORE INCOME TAX EXPENSE 408 296 1,635 1,330
INCOME TAX EXPENSE 100 50 403 292
NET INCOME FOR COMMON STOCK $ 308 $ 246 $ 1,232 $ 1,038
Net income per common share - basic (dollars per share) $ 0.83 $ 0.68 $ 3.37 $ 2.93
Net income per common share - diluted (dollars per share) $ 0.83 $ 0.68 $ 3.36 $ 2.92
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 368.8 360.4 365.6 354.5
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 370.0 361.7 366.8 355.8
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 3,139 $ 2,777 $ 6,177 $ 5,678
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 811 711 2,435 2,253
OPERATING EXPENSES        
Operating costs 156 171 582 533
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 118 106 550 460
Non-utility        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 1 1 2 2
Purchased power        
OPERATING EXPENSES        
Operating costs 837 649 1,593 1,370
Fuel        
OPERATING EXPENSES        
Operating costs 56 27 245 154
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 913 $ 923 $ 1,851 $ 1,875