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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES        
Natural gas $ 1,494 $ 1,660 $ 3,603 $ 6,072
Electric 1,144 1,054 2,200 2,081
Energy-related businesses 373 621 848 1,742
Total revenues 3,011 3,335 6,651 9,895
Operating expenses:        
Operation and maintenance (1,333) (1,366) (2,545) (2,575)
Depreciation and amortization (603) (549) (1,197) (1,088)
Franchise fees and other taxes (156) (148) (340) (340)
Other income, net 30 31 129 72
Interest income 17 17 30 41
Interest expense (311) (317) (616) (683)
Income before income taxes and equity earnings 308 523 1,013 1,852
Income tax benefit (expense) 130 (175) (42) (551)
Equity earnings 433 388 781 607
Net income 871 736 1,752 1,908
Earnings attributable to noncontrolling interests (146) (121) (215) (313)
Preferred dividends (11) (11) (22) (22)
Preferred dividends of subsidiary (1) (1) (1) (1)
Earnings attributable to common shares $ 713 $ 603 $ 1,514 $ 1,572
Basic EPS:        
Earnings (in dollars per share) $ 1.13 $ 0.96 $ 2.39 $ 2.50
Weighted-average common shares outstanding (in shares) 633,450 630,014 633,135 629,926
Diluted EPS:        
Earnings (in dollars per share) $ 1.12 $ 0.95 $ 2.38 $ 2.49
Weighted-average common shares outstanding (in shares) 636,279 632,121 635,817 632,185
Natural gas        
Operating expenses:        
Operating expenses $ (137) $ (311) $ (691) $ (2,994)
Electric fuel and purchased power        
Operating expenses:        
Operating expenses (156) (88) (245) (202)
Energy-related businesses        
Operating expenses:        
Operating expenses $ (54) $ (81) $ (163) $ (274)