v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUES        
Natural gas $ 1,347 $ 1,363 $ 4,736 $ 5,195
Electric 1,391 1,260 3,773 3,350
Energy-related businesses 453 528 1,334 1,408
Total revenues 3,191 3,151 9,843 9,953
Operating expenses:        
Operation and maintenance (1,219) (1,349) (3,712) (3,931)
Regulatory disallowances, net (205) 0 (205) 0
Depreciation and amortization (632) (662) (1,865) (1,955)
Franchise fees and other taxes (214) (194) (618) (555)
Gain on sale 214 0 214 0
Other income, net 58 49 225 199
Interest income 35 17 113 65
Interest expense (298) (403) (1,110) (1,195)
Income before income taxes and equity earnings 460 160 1,815 1,109
Income tax expense (14) (482) (191) (711)
Equity earnings 668 472 1,582 1,190
Net income 1,114 150 3,206 1,588
Earnings attributable to noncontrolling interests (231) (55) (479) (103)
Earnings attributable to contingently redeemable noncontrolling interest 0 0 (10) 0
Preferred deemed dividends 0 (11) 0 (11)
Preferred deemed dividends of subsidiary (6) 0 (6) 0
Preferred dividends 0 (7) 0 (29)
Preferred dividends of subsidiary 0 0 (1) (1)
Earnings attributable to common shares $ 877 $ 77 $ 2,710 $ 1,444
Basic EPS:        
Earnings (in dollars per share) $ 1.34 $ 0.12 $ 4.14 $ 2.21
Weighted-average common shares outstanding (in shares) 654,262 652,948 653,966 652,538
Diluted EPS:        
Earnings (in dollars per share) $ 1.34 $ 0.12 $ 4.13 $ 2.21
Weighted-average common shares outstanding (in shares) 655,939 654,009 655,793 653,420
Natural gas        
Operating expenses:        
Operating expenses $ (179) $ (210) $ (577) $ (886)
Electric fuel and purchased power        
Operating expenses:        
Operating expenses (154) (122) (349) (265)
Energy-related businesses        
Operating expenses:        
Operating expenses $ (137) $ (117) $ (144) $ (321)