| REVENUE Revenue is primarily earned from retail and wholesale electricity sales and electricity transmission and distribution delivery services. Revenue is recognized upon transfer of control to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. Revenue is recorded net of any taxes assessed on and collected from customers, which are remitted to the governmental authorities. For further discussion of our Retail, Wholesale, RTO ancillary, and Capacity revenue, see Note 13. Revenue in Item 8. Financial Statements and Supplementary Data of our 2025 Form 10-K.
DPL's revenue from contracts with customers was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | | September 30, | | September 30, | $ in millions | | 2026 | | 2025 | | 2026 | | 2025 | Revenue from contracts with customers | | $ | 353.9 | | | $ | 289.2 | | | $ | 959.8 | | | $ | 765.2 | |
The following table presents our revenue from contracts with customers and other revenue by segment for the three and nine months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | $ in millions | | Utility | | Other | | Adjustments and Eliminations | | Total | | | Three Months Ended September 30, 2026 | Retail revenue | | | | | | | | | Retail revenue from contracts with customers | | | | | | | | | Residential revenue | | $ | 190.9 | | | $ | — | | | $ | — | | | $ | 190.9 | | Commercial revenue | | 64.6 | | | — | | | — | | | 64.6 | | Industrial revenue | | 26.1 | | | — | | | — | | | 26.1 | | Governmental revenue | | 11.7 | | | — | | | — | | | 11.7 | | Other (a) | | 3.8 | | | — | | | — | | | 3.8 | | Total retail revenue from contracts with customers | | 297.1 | | | — | | | — | | | 297.1 | | | | | | | | | | | Wholesale revenue | | | | | | | | | Wholesale revenue from contracts with customers | | 9.8 | | | — | | | (0.3) | | | 9.5 | | RTO ancillary revenue | | 41.9 | | | 0.2 | | | — | | | 42.1 | | Capacity revenue | | 2.6 | | | — | | | — | | | 2.6 | | Miscellaneous revenue | | | | | | | | | Miscellaneous revenue from contracts with customers (b) | | — | | | 2.6 | | | — | | | 2.6 | | Other miscellaneous revenue | | 1.8 | | | 1.1 | | | (1.2) | | | 1.7 | | Total revenue | | $ | 353.2 | | | $ | 3.9 | | | $ | (1.5) | | | $ | 355.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | Retail revenue | | | | | | | | | Retail revenue from contracts with customers | | | | | | | | | Residential revenue | | $ | 153.2 | | | $ | — | | | $ | — | | | $ | 153.2 | | Commercial revenue | | 54.5 | | | — | | | — | | | 54.5 | | Industrial revenue | | 20.7 | | | — | | | — | | | 20.7 | | Governmental revenue | | 9.2 | | | — | | | — | | | 9.2 | | Other (a) | | 3.6 | | | — | | | — | | | 3.6 | | Total retail revenue from contracts with customers | | 241.2 | | | — | | | — | | | 241.2 | | | | | | | | | | | Wholesale revenue | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ in millions | | Utility | | Other | | Adjustments and Eliminations | | Total | Wholesale revenue from contracts with customers | | 6.4 | | | — | | | (0.2) | | | 6.2 | | RTO ancillary revenue | | 37.1 | | | — | | | — | | | 37.1 | | Capacity revenue | | 2.2 | | | — | | | — | | | 2.2 | | Miscellaneous revenue | | | | | | | | | Miscellaneous revenue from contracts with customers (b) | | — | | | 2.5 | | | — | | | 2.5 | | Other miscellaneous revenue | | 5.8 | | | 1.1 | | | (1.3) | | | 5.6 | | Total revenue | | $ | 292.7 | | | $ | 3.6 | | | $ | (1.5) | | | $ | 294.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2026 | Retail revenue | | | | | | | | | Retail revenue from contracts with customers | | | | | | | | | Residential revenue | | $ | 495.9 | | | $ | — | | | $ | — | | | $ | 495.9 | | Commercial revenue | | 173.4 | | | — | | | — | | | 173.4 | | Industrial revenue | | 67.8 | | | — | | | — | | | 67.8 | | Governmental revenue | | 30.6 | | | — | | | — | | | 30.6 | | Other (a) | | 11.6 | | | — | | | — | | | 11.6 | | Total retail revenue from contracts with customers | | 779.3 | | | — | | | — | | | 779.3 | | | | | | | | | | | Wholesale revenue | | | | | | | | | Wholesale revenue from contracts with customers | | 31.8 | | | — | | | (0.9) | | | 30.9 | | RTO ancillary revenue | | 134.5 | | | 0.3 | | | — | | | 134.8 | | Capacity revenue | | 7.0 | | | — | | | — | | | 7.0 | | Miscellaneous revenue | | | | | | | | | Miscellaneous revenue from contracts with customers (b) | | — | | | 7.8 | | | — | | | 7.8 | | Other miscellaneous revenue | | 5.7 | | | 3.3 | | | (3.4) | | | 5.6 | | Total revenue | | $ | 958.3 | | | $ | 11.4 | | | $ | (4.3) | | | $ | 965.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, 2025 | Retail revenue | | | | | | | | | Retail revenue from contracts with customers | | | | | | | | | Residential revenue | | $ | 395.6 | | | $ | — | | | $ | — | | | $ | 395.6 | | Commercial revenue | | 138.3 | | | — | | | — | | | 138.3 | | Industrial revenue | | 54.5 | | | — | | | — | | | 54.5 | | Governmental revenue | | 23.4 | | | — | | | — | | | 23.4 | | Other (a) | | 8.6 | | | — | | | — | | | 8.6 | | Total retail revenue from contracts with customers | | 620.4 | | | — | | | — | | | 620.4 | | | | | | | | | | | Wholesale revenue | | | | | | | | | Wholesale revenue from contracts with customers | | 20.9 | | | — | | | (0.8) | | | 20.1 | | RTO ancillary revenue | | 113.9 | | | 0.1 | | | — | | | 114.0 | | Capacity revenue | | 3.3 | | | — | | | — | | | 3.3 | | Miscellaneous revenue | | | | | | | | | Miscellaneous revenue from contracts with customers (b) | | — | | | 7.4 | | | — | | | 7.4 | | Other miscellaneous revenue | | 13.9 | | | 3.5 | | | (3.6) | | | 13.8 | | Total revenue | | $ | 772.4 | | | $ | 11.0 | | | $ | (4.4) | | | $ | 779.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) "Other" primarily includes operation and maintenance service revenue, billing service fees from CRES providers and other miscellaneous retail revenue from contracts with customers. (b) Miscellaneous revenue from contracts with customers primarily includes revenue for various services provided by Miami Valley Lighting.
The balances of receivables from customers were as follows: | | | | | | | | | | | | | | | $ in millions | | September 30, 2026 | | December 31, 2025 | Receivables from contracts with customers | | $ | 183.3 | | | $ | 158.2 | |
Payment terms for all receivables from contracts with customers are typically within 30 days, unless a customer qualifies for payment extension.
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