v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Total common shareholders' equity
Common stock
Additional paid in capital
Retained earnings
Accumulated other comprehensive loss
Preferred stock of subsidiary
Noncontrolling interests
Balance at Dec. 31, 2024 $ 12,801.9 $ 12,395.0 $ 3.2 $ 4,315.8 $ 8,083.8 $ (7.8) $ 30.4 $ 376.5
Statements of equity                
Net income attributed to common shareholders 724.2 724.2 0.0 0.0 724.2 0.0 0.0 0.0
Net income attributed to noncontrolling interests 1.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0
Other comprehensive income (loss) (0.1) (0.1) 0.0 0.0 0.0 (0.1) 0.0 0.0
Issuance of common stock, net 117.1 117.1 0.0 117.1 0.0 0.0 0.0 0.0
Common stock dividends (283.6) (283.6) 0.0 0.0 (283.6) 0.0 0.0 0.0
Exercise of stock options 21.2 21.2 0.0 21.2 0.0 0.0 0.0 0.0
Acquisition of noncontrolling interests 45.1 0.0 0.0 0.0 0.0 0.0 0.0 45.1
Distributions to noncontrolling interests (1.8) 0.0 0.0 0.0 0.0 0.0 0.0 (1.8)
Stock-based compensation and other 2.0 2.0 0.0 2.0 0.0 0.0 0.0 0.0
Balance at Mar. 31, 2025 13,427.0 12,975.8 3.2 4,456.1 8,524.4 (7.9) 30.4 420.8
Balance at Dec. 31, 2024 12,801.9 12,395.0 3.2 4,315.8 8,083.8 (7.8) 30.4 376.5
Statements of equity                
Net income attributed to noncontrolling interests (3.1)              
Other comprehensive income (loss) (0.1)              
Issuance of common stock, net 746.6              
Balance at Sep. 30, 2025 14,010.8 13,568.4 3.2 5,105.8 8,467.3 (7.9) 30.4 412.0
Balance at Mar. 31, 2025 13,427.0 12,975.8 3.2 4,456.1 8,524.4 (7.9) 30.4 420.8
Statements of equity                
Net income attributed to common shareholders 245.4 245.4 0.0 0.0 245.4 0.0 0.0 0.0
Net income attributed to noncontrolling interests (2.7) 0.0 0.0 0.0 0.0 0.0 0.0 (2.7)
Issuance of common stock, net 281.7 281.7 0.0 281.7 0.0 0.0 0.0 0.0
Common stock dividends (285.1) (285.1) 0.0 0.0 (285.1) 0.0 0.0 0.0
Exercise of stock options 3.5 3.5 0.0 3.5 0.0 0.0 0.0 0.0
Distributions to noncontrolling interests (1.5) 0.0 0.0 0.0 0.0 0.0 0.0 (1.5)
Stock-based compensation and other 1.8 1.8 0.0 1.8 0.0 0.0 0.0 0.0
Balance at Jun. 30, 2025 13,670.1 13,223.1 3.2 4,743.1 8,484.7 (7.9) 30.4 416.6
Statements of equity                
Net income attributed to common shareholders 271.3 271.3 0.0 0.0 271.3 0.0 0.0 0.0
Net income attributed to noncontrolling interests (1.4) 0.0 0.0 0.0 0.0 0.0 0.0 (1.4)
Other comprehensive income (loss) 0.0              
Issuance of common stock, net 347.8 347.8 0.0 347.8 0.0 0.0 0.0 0.0
Common stock dividends (288.7) (288.7) 0.0 0.0 (288.7) 0.0 0.0 0.0
Exercise of stock options 12.9 12.9 0.0 12.9 0.0 0.0 0.0 0.0
Distributions to noncontrolling interests (3.2) 0.0 0.0 0.0 0.0 0.0 0.0 (3.2)
Stock-based compensation and other 2.0 2.0 0.0 2.0 0.0 0.0 0.0 0.0
Balance at Sep. 30, 2025 14,010.8 13,568.4 3.2 5,105.8 8,467.3 (7.9) 30.4 412.0
Balance at Dec. 31, 2025 14,052.8 13,613.6 3.3 5,124.4 8,493.5 (7.6) 30.4 408.8
Statements of equity                
Net income attributed to common shareholders 804.4 804.4 0.0 0.0 804.4 0.0 0.0 0.0
Net income attributed to noncontrolling interests 1.4 0.0 0.0 0.0 0.0 0.0 0.0 1.4
Other comprehensive income (loss) 0.1 0.1 0.0 0.0 0.0 0.1 0.0 0.0
Issuance of common stock, net 12.8 12.8 0.0 12.8 0.0 0.0 0.0 0.0
Common stock dividends (310.1) (310.1) 0.0 0.0 (310.1) 0.0 0.0 0.0
Exercise of stock options 7.4 7.4 0.0 7.4 0.0 0.0 0.0 0.0
Capital contributions from noncontrolling interest 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.8
Distributions to noncontrolling interests (3.1) 0.0 0.0 0.0 0.0 0.0 0.0 (3.1)
Stock-based compensation and other 2.8 2.8 0.0 2.8 0.0 0.0 0.0 0.0
Balance at Mar. 31, 2026 14,569.3 14,131.0 3.3 5,147.4 8,987.8 (7.5) 30.4 407.9
Balance at Dec. 31, 2025 14,052.8 13,613.6 3.3 5,124.4 8,493.5 (7.6) 30.4 408.8
Statements of equity                
Net income attributed to noncontrolling interests 3.6              
Other comprehensive income (loss) 0.2              
Issuance of common stock, net 382.5              
Balance at Sep. 30, 2026 15,010.1 14,575.4 3.3 5,523.9 9,055.6 (7.4) 30.4 404.3
Balance at Mar. 31, 2026 14,569.3 14,131.0 3.3 5,147.4 8,987.8 (7.5) 30.4 407.9
Statements of equity                
Net income attributed to common shareholders 299.2 299.2 0.0 0.0 299.2 0.0 0.0 0.0
Net income attributed to noncontrolling interests 1.5 0.0 0.0 0.0 0.0 0.0 0.0 1.5
Issuance of common stock, net 11.0 11.0 0.0 11.0 0.0 0.0 0.0 0.0
Common stock dividends (310.2) (310.2) 0.0 0.0 (310.2) 0.0 0.0 0.0
Exercise of stock options 1.7 1.7 0.0 1.7 0.0 0.0 0.0 0.0
Distributions to noncontrolling interests (2.1) 0.0 0.0 0.0 0.0 0.0 0.0 (2.1)
Stock-based compensation and other 2.6 2.2 0.0 2.2 0.0 0.0 0.0 0.4
Balance at Jun. 30, 2026 14,573.0 14,134.9 3.3 5,162.3 8,976.8 (7.5) 30.4 407.7
Statements of equity                
Net income attributed to common shareholders 389.3 389.3 0.0 0.0 389.3 0.0 0.0 0.0
Net income attributed to noncontrolling interests 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.7
Other comprehensive income (loss) 0.1 0.1 0.0 0.0 0.0 0.1 0.0 0.0
Issuance of common stock, net 358.7 358.7 0.0 358.7 0.0 0.0 0.0 0.0
Common stock dividends (310.5) (310.5) 0.0 0.0 (310.5) 0.0 0.0 0.0
Exercise of stock options 0.8 0.8 0.0 0.8 0.0 0.0 0.0 0.0
Distributions to noncontrolling interests (4.1) 0.0 0.0 0.0 0.0 0.0 0.0 (4.1)
Stock-based compensation and other 2.1 2.1 0.0 2.1 0.0 0.0 0.0 0.0
Balance at Sep. 30, 2026 $ 15,010.1 $ 14,575.4 $ 3.3 $ 5,523.9 $ 9,055.6 $ (7.4) $ 30.4 $ 404.3