v3.26.1
Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2026
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Energy Products and Services

The following table summarizes the Company's energy products and services revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business, including a reconciliation to the Company's reportable segment information included in Note 13 (in millions):
For the Three-Month Period Ended June 30, 2026
PacifiCorpMidAmerican FundingNV EnergyNorthern PowergridBHE Pipeline GroupBHE TransmissionBHE Renewables
BHE and
Other(1)
Total
Customer Revenue:
Regulated:
Retail electric$1,683 $669 $927 $— $— $— $— $(1)$3,278 
Retail gas— 101 18 — — — — — 119 
Wholesale31 71 8 — — — — 1 111 
Transmission and distribution
34 13 20 278 — 162 — — 507 
Interstate pipeline— — — — 652 — — (30)622 
Other43 — 1 — (3)— — (1)40 
Total Regulated1,791 854 974 278 649 162 — (31)4,677 
Nonregulated— 1 3 18 333 21 255 (6)625 
Total Customer Revenue1,791 855 977 296 982 183 255 (37)5,302 
Other revenue10 17 — 29 10 2 43 — 111 
Total$1,801 $872 $977 $325 $992 $185 $298 $(37)$5,413 
For the Six-Month Period Ended June 30, 2026
PacifiCorpMidAmerican FundingNV EnergyNorthern PowergridBHE Pipeline GroupBHE TransmissionBHE Renewables
BHE and
Other(1)
Total
Customer Revenue:
Regulated:
Retail electric$3,369 $1,258 $1,621 $— $— $— $— $(2)$6,246 
Retail gas— 433 55 — — — — — 488 
Wholesale52 257 23 — 2 — — — 334 
Transmission and distribution
69 26 36 566 — 326 — — 1,023 
Interstate pipeline— — — — 1,645 — — (87)1,558 
Other85 — 1 — — — — — 86 
Total Regulated3,575 1,974 1,736 566 1,647 326 — (89)9,735 
Nonregulated— 4 7 36 716 44 443 (7)1,243 
Total Customer Revenue3,575 1,978 1,743 602 2,363 370 443 (96)10,978 
Other revenue34 34 — 59 14 4 100 — 245 
Total$3,609 $2,012 $1,743 $661 $2,377 $374 $543 $(96)$11,223 
For the Three-Month Period Ended June 30, 2025
PacifiCorpMidAmerican FundingNV EnergyNorthern PowergridBHE Pipeline GroupBHE TransmissionBHE Renewables
BHE and
Other(1)
Total
Customer Revenue:
Regulated:
Retail electric$1,711 $634 $802 $— $— $— $— $(1)$3,146 
Retail gas— 105 22 — — — — — 127 
Wholesale15 88 13 — — — — — 116 
Transmission and distribution
34 13 16 252 — 163 — — 478 
Interstate pipeline— — — — 572 — — (27)545 
Other35 — 1 — — — — — 36 
Total Regulated1,795 840 854 252 572 163 — (28)4,448 
Nonregulated— 1 2 22 301 17 248 (2)589 
Total Customer Revenue1,795 841 856 274 873 180 248 (30)5,037 
Other revenue15 19 1 29 (9)1 38 (1)93 
Total$1,810 $860 $857 $303 $864 $181 $286 $(31)$5,130 
For the Six-Month Period Ended June 30, 2025
PacifiCorpMidAmerican FundingNV EnergyNorthern PowergridBHE Pipeline GroupBHE TransmissionBHE Renewables
BHE and
Other(1)
Total
Customer Revenue:
Regulated:
Retail electric$3,358 $1,179 $1,435 $— $— $— $— $(2)$5,970 
Retail gas— 414 71 — — — — — 485 
Wholesale28 204 29 — 1 — — — 262 
Transmission and distribution
82 27 33 624 — 318 — — 1,084 
Interstate pipeline— — — — 1,431 — — (73)1,358 
Other62 — 1 — — — — — 63 
Total Regulated3,530 1,824 1,569 624 1,432 318 — (75)9,222 
Nonregulated— 3 4 47 616 46 459 (2)1,173 
Total Customer Revenue3,530 1,827 1,573 671 2,048 364 459 (77)10,395 
Other revenue48 47 2 58 1 2 84 (1)241 
Total$3,578 $1,874 $1,575 $729 $2,049 $366 $543 $(78)$10,636 
(1)The BHE and Other reportable segment represents amounts related principally to other corporate entities, corporate functions and intersegment eliminations.

Real Estate Services

The following table summarizes the Company's real estate services Customer Revenue by line of business (in millions):
HomeServices
Three-Month PeriodsSix-Month Periods
Ended June 30,Ended June 30,
2026202520262025
Customer Revenue:
Brokerage$1,169 $1,161 $1,947 $1,942 
Franchise15 14 28 24 
Total Customer Revenue1,184 1,175 1,975 1,966 
Mortgage and other revenue89 89 160 158 
Total$1,273 $1,264 $2,135 $2,124 
Remaining Performance Obligations

The following table summarizes the Company's revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of June 30, 2026, by reportable segment (in millions):
Performance obligations expected to be satisfied:
Less than 12 monthsMore than 12 monthsTotal
BHE Pipeline Group$3,502 $19,313 $22,815 
BHE Transmission682 328 1,010 
Total$4,184 $19,641 $23,825 
PAC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes PacifiCorp's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions):
Three-Month PeriodsSix-Month Periods
Ended June 30,Ended June 30,
2026202520262025
Customer Revenue:
Retail:
Residential$573 $600 $1,240 $1,272 
Commercial629 603 1,226 1,167 
Industrial350 370 697 714 
Other retail131 138 206 205 
Total retail1,683 1,711 3,369 3,358 
Wholesale
31 15 52 28 
Transmission34 34 69 82 
Other Customer Revenue43 35 85 62 
Total Customer Revenue1,791 1,795 3,575 3,530 
Other revenue10 15 34 48 
Total operating revenue$1,801 $1,810 $3,609 $3,578 
MEC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes MidAmerican Energy's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to MidAmerican Energy's reportable segment information included in Note 12 (in millions):
For the Three-Month Period Ended June 30, 2026For the Six-Month Period Ended June 30, 2026
ElectricNatural GasOtherTotalElectricNatural GasOtherTotal
Customer Revenue:
Retail:
Residential$183 $65 $— $248 $364 $282 $— $646 
Commercial87 20 — 107 169 108 — 277 
Industrial358 4 — 362 651 13 — 664 
Natural gas transportation services— 12 — 12 — 28 — 28 
Other retail41 — — 41 74 2 — 76 
Total retail669 101 — 770 1,258 433 — 1,691 
Wholesale61 10 — 71 189 68 — 257 
Multi-value transmission projects13 — — 13 26 — — 26 
Other Customer Revenue— — 1 1 — — 4 4 
Total Customer Revenue743 111 1 855 1,473 501 4 1,978 
Other revenue17 — — 17 34 — — 34 
Total operating revenue$760 $111 $1 $872 $1,507 $501 $4 $2,012 
For the Three-Month Period Ended June 30, 2025For the Six-Month Period Ended June 30, 2025
ElectricNatural GasOtherTotalElectricNatural GasOtherTotal
Customer Revenue:
Retail:
Residential$177 $67 $— $244 $358 $269 $— $627 
Commercial89 22 — 111 169 102 — 271 
Industrial325 5 — 330 576 14 — 590 
Natural gas transportation services— 11 — 11 — 27 — 27 
Other retail43 — — 43 76 2 — 78 
Total retail634 105 — 739 1,179 414 — 1,593 
Wholesale77 11 — 88 157 47 — 204 
Multi-value transmission projects13 — — 13 27 — — 27 
Other Customer Revenue— — 1 1 — — 3 3 
Total Customer Revenue724 116 1 841 1,363 461 3 1,827 
Other revenue19 — — 19 47 — — 47 
Total operating revenue$743 $116 $1 $860 $1,410 $461 $3 $1,874 
MidAmerican Funding, LLC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Refer to Note 10 of MidAmerican Energy's Notes to Financial Statements.
NPC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes Nevada Power's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class (in millions):
Three-Month PeriodsSix-Month Periods
Ended June 30,Ended June 30,
2026202520262025
Customer Revenue:
Retail:
Residential$370 $314 $604 $531 
Commercial146 128 264 226 
Industrial155 133 273 230 
Other4 1 8 1 
Total fully bundled675 576 1,149 988 
Distribution only service3 4 7 8 
Total retail678 580 1,156 996 
Wholesale, transmission and other15 16 27 31 
Total Customer Revenue693 596 1,183 1,027 
Other revenue1 1 2 1 
Total operating revenue$694 $597 $1,185 $1,028 
SPPC  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes Sierra Pacific's revenue from contracts with customers ("Customer Revenue") by line of business, with further disaggregation of retail by customer class, including a reconciliation to Sierra Pacific's reportable segment information included in Note 12 (in millions):
Three-Month Periods
Ended June 30,
20262025
ElectricNatural GasTotalElectricNatural GasTotal
Customer Revenue:
Retail:
Residential$88 $14 $102 $80 $15 $95 
Commercial87 4 91 83 5 88 
Industrial70 2 72 56 2 58 
Other1 1 2 — 1 1 
Total fully bundled246 21 267 219 23 242 
Distribution only service2 — 2 2 — 2 
Total retail248 21 269 221 23 244 
Wholesale, transmission and other13 (3)10 13 — 13 
Total Customer Revenue261 18 279 234 23 257 
Other revenue1 — 1 1 — 1 
Total operating revenue$262 $18 $280 $235 $23 $258 
Six-Month Periods
Ended June 30,
20262025
ElectricNatural GasTotalElectricNatural GasTotal
Customer Revenue:
Retail:
Residential$177 $37 $214 $173 $47 $220 
Commercial159 13 172 156 18 174 
Industrial122 4 126 104 6 110 
Other2 1 3 2 1 3 
Total fully bundled460 55 515 435 72 507 
Distribution only service4 — 4 4 — 4 
Total retail464 55 519 439 72 511 
Wholesale, transmission and other32 — 32 31 — 31 
Total Customer Revenue496 55 551 470 72 542 
Other revenue1 — 1 1 — 1 
Total operating revenue$497 $55 $552 $471 $72 $543 
EEGH  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes Eastern Energy Gas' revenue from contracts with customers ("Customer Revenue") by regulated and nonregulated, with further disaggregation of regulated by line of business (in millions):
Three-Month PeriodsSix-Month Periods
Ended June 30,Ended June 30,
2026202520262025
Customer Revenue:
Regulated:
Gas transmission and storage$301 $285 $640 $617 
Wholesale— — 2 1 
Total regulated301 285 642 618 
Nonregulated247 222 552 466 
Total Customer Revenue548 507 1,194 1,084 
Other revenue(1)
3 — 9 1 
Total operating revenue$551 $507 $1,203 $1,085 
(1)Other revenue consists primarily of revenue recognized in accordance with Accounting Standards Codification 815, "Derivative and Hedging" which includes unrealized gains and losses for derivatives not designated as hedges related to natural gas sales contracts, contingent fees from certain farmout agreements recognized in accordance with ASC 450, "Contingencies" and the royalties from the conveyance of mineral rights accounted for under Accounting Standards Codification 932, "Extractive Activities – Oil and Gas".

Eastern Energy Gas has recognized contract liabilities of $30 million and $43 million as of June 30, 2026, and December 31, 2025, respectively, due to the relationship between Eastern Energy Gas' performance and the customer's payment. Eastern Energy Gas recognizes revenue as it fulfills its obligations to provide services to its customers. During the six-month periods ended June 30, 2026 and 2025, Eastern Energy Gas recognized revenue of $17 million and $12 million, respectively, from the beginning contract liability balances.

Remaining Performance Obligations

The following table summarizes Eastern Energy Gas' revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of June 30, 2026 (in millions):
Performance obligations expected to be satisfied:
Less than 12 monthsMore than 12 monthsTotal
Eastern Energy Gas$1,878 $12,789 $14,667 
EGTS  
Disaggregation of Revenue [Line Items]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes EGTS' revenue from contracts with customers ("Customer Revenue") by regulated and other, with further disaggregation of regulated by line of business (in millions):
Three-Month PeriodsSix-Month Periods
Ended June 30,Ended June 30,
2026202520262025
Customer Revenue:
Regulated:
Gas transmission$155 $146 $350 $336 
Gas storage71 71 142 142 
Wholesale— — 2 1 
Total regulated226 217 494 479 
Management service and other revenues17 12 32 24 
Total Customer Revenue243 229 526 503 
Other revenue(1)
3 — 9 1 
Total operating revenue$246 $229 $535 $504 

(1)Other revenue consists primarily of revenue recognized in accordance with Accounting Standards Codification 815, "Derivative and Hedging" which includes unrealized gains and losses for derivatives not designated as hedges related to natural gas sales contracts, contingent fees from certain farmout agreements recognized in accordance with ASC 450, "Contingencies" and the royalties from the conveyance of mineral rights accounted for under Accounting Standards Codification 932, "Extractive Activities – Oil and Gas".

Remaining Performance Obligations

The following table summarizes EGTS' revenue it expects to recognize in future periods related to significant unsatisfied remaining performance obligations for fixed contracts with expected durations in excess of one year as of June 30, 2026 (in millions):
Performance obligations expected to be satisfied:
Less than 12 monthsMore than 12 monthsTotal
EGTS$926 $2,677 $3,603