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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
Natural gas $ 1,470 $ 1,494 $ 3,832 $ 3,603
Electric 1,031 1,144 2,090 2,200
Energy-related businesses 499 373 880 848
Total revenues 3,000 3,011 6,802 6,651
Operating expenses:        
Operation and maintenance (1,239) (1,333) (2,582) (2,545)
Depreciation and amortization (653) (603) (1,293) (1,197)
Franchise fees and other taxes (165) (156) (361) (340)
Other income, net 59 30 150 129
Interest income 14 17 48 30
Interest expense (359) (311) (792) (616)
Income before income taxes and equity earnings 298 308 949 1,013
Income tax (expense) benefit (172) 130 (229) (42)
Equity earnings 393 433 718 781
Net income 519 871 1,438 1,752
Earnings attributable to noncontrolling interests (46) (146) (48) (215)
Preferred dividends (11) (11) (22) (22)
Preferred dividends of subsidiary (1) (1) (1) (1)
Earnings attributable to common shares $ 461 $ 713 $ 1,367 $ 1,514
Basic EPS:        
Earnings (in dollars per share) $ 0.71 $ 1.13 $ 2.10 $ 2.39
Weighted-average common shares outstanding (in shares) 652,664 633,450 652,330 633,135
Diluted EPS:        
Earnings (in dollars per share) $ 0.71 $ 1.12 $ 2.09 $ 2.38
Weighted-average common shares outstanding (in shares) 653,224 636,279 653,123 635,817
Natural gas        
Operating expenses:        
Operating expenses $ (183) $ (137) $ (676) $ (691)
Electric fuel and purchased power        
Operating expenses:        
Operating expenses (91) (156) (143) (245)
Energy-related businesses        
Operating expenses:        
Operating expenses $ (85) $ (54) $ (204) $ (163)