v3.26.3
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating revenues $ 1,327 $ 812 $ 3,203 $ 1,832
Fuel and energy purchases (626) (259) (1,546) (677)
Nuclear fuel amortization (27) (27) (73) (71)
Unrealized gain (loss) on derivative instruments (Note 2) (7) (6) (48) (31)
Energy Expenses (660) (292) (1,667) (779)
Operating Expenses        
Operation, maintenance and development (167) (131) (542) (469)
General and administrative (76) (38) (198) (113)
Depreciation, amortization and accretion (Note 7) (157) (61) (352) (205)
Other operating income (expense), net (12) (27) (51) (43)
Operating Income (Loss) 255 263 393 223
Nuclear decommissioning trust funds gain (loss), net (Note 6) 18 81 130 149
Interest expense and other finance charges (Note 10) (148) (67) (481) (203)
Gain (loss) on sale of assets, net (Note 17) 66 25 69 36
Other non-operating income (expense), net 4 2 36 9
Income (Loss) Before Income Taxes 195 304 147 214
Income tax benefit (expense) (Note 4) (57) (97) (38) (70)
Net Income (Loss) Attributable to Stockholders $ 138 $ 207 $ 109 $ 144
Per Common Share        
Net Income (Loss) Attributable to Stockholders - Basic (in dollars per share) $ 2.90 $ 4.52 $ 2.35 $ 3.15
Net Income (Loss) Attributable to Stockholders - Diluted (in dollars per share) $ 2.88 $ 4.25 $ 2.33 $ 2.96
Weighted-Average Number of Common Shares Outstanding - Basic (in shares) 47,625 45,684 46,388 45,694
Weighted-Average Number of Common Shares Outstanding - Diluted (in shares) 47,973 48,582 46,757 48,588
Energy and other revenues        
Operating revenues $ 1,187 $ 604 $ 2,943 $ 1,552
Capacity revenues        
Operating revenues 323 166 767 303
Unrealized gain (loss) on derivative instruments (Note 2)        
Operating revenues $ (183) $ 42 $ (507) $ (23)