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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Natural gas $ 7,141 $ 9,495 $ 7,868
Electric 4,296 4,334 4,783
Energy-related businesses 1,748 2,891 1,788
Total revenues 13,185 16,720 14,439
EXPENSES AND OTHER INCOME      
Operation and maintenance (5,336) (5,458) (4,746)
Aliso Canyon litigation and regulatory matters 0 0 (259)
Depreciation and amortization (2,437) (2,227) (2,019)
Franchise fees and other taxes (693) (677) (635)
Other income, net 136 131 24
Interest income 61 89 75
Interest expense (1,049) (1,309) (1,054)
Income before income taxes and equity earnings 2,110 2,627 1,343
Income tax expense (219) (490) (556)
Equity earnings 1,609 1,481 1,498
Net income 3,500 3,618 2,285
Earnings attributable to noncontrolling interests (638) (543) (146)
Preferred dividends (44) (44) (44)
Preferred dividends of subsidiary (1) (1) (1)
Earnings attributable to common shares $ 2,817 $ 3,030 $ 2,094
Basic EPS:      
Earnings $ 4.44 $ 4.81 $ 3.32
Weighted-average number of shares outstanding (in shares) 633,795 630,296 630,318
Diluted EPS:      
Earnings $ 4.42 $ 4.79 $ 3.31
Weighted Average Common Shares Outstanding 637,943 632,733 632,757
Cost of natural gas      
EXPENSES AND OTHER INCOME      
Operating expenses $ (1,132) $ (3,719) $ (2,603)
Cost of electric fuel and purchased power      
EXPENSES AND OTHER INCOME      
Operating expenses (245) (375) (937)
Energy-related businesses cost of sales      
EXPENSES AND OTHER INCOME      
Operating expenses $ (380) $ (548) $ (942)