XML 21 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING REVENUES      
TOTAL OPERATING REVENUES $ 16,918 $ 15,256 $ 14,663
OPERATING EXPENSES      
Depreciation and amortization 2,321 2,155 2,031
Taxes, other than income taxes 3,757 3,280 3,043
TOTAL OPERATING EXPENSES 13,987 12,524 12,332
Gain (Loss) on sale of the Clean Energy Businesses 0 (62) 865
Gain on the sale of an interest in a solar electric production project 4 0 0
OPERATING INCOME 2,935 2,670 3,196
OTHER INCOME (DEDUCTIONS)      
Investment income 63 62 62
Other income 837 635 834
Allowance for equity funds used during construction 69 38 26
Other deductions (74) (80) (92)
TOTAL OTHER INCOME 895 655 830
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 3,830 3,325 4,026
INTEREST EXPENSE (INCOME)      
Interest on long-term debt 1,176 1,084 962
Other interest expense 119 166 113
Allowance for borrowed funds used during construction (62) (63) (52)
NET INTEREST EXPENSE 1,233 1,187 1,023
INCOME BEFORE INCOME TAX EXPENSE 2,597 2,138 3,003
INCOME TAX EXPENSE 574 318 487
NET INCOME 2,023 1,820 2,516
Loss attributable to non-controlling interest 0 0 (3)
NET INCOME FOR COMMON STOCK $ 2,023 $ 1,820 $ 2,519
Net income per common share — basic (in dollars per share) $ 5.66 $ 5.26 $ 7.25
Net income per common share — diluted (in dollars per share) $ 5.64 $ 5.24 $ 7.21
AVERAGE NUMBER OF SHARES OUTSTANDING — BASIC (in shares) 357.4 346.0 347.7
AVERAGE NUMBER OF SHARES OUTSTANDING — DILUTED (in shares) 358.7 347.3 349.3
Electric      
OPERATING REVENUES      
TOTAL OPERATING REVENUES $ 12,602 $ 11,568 $ 10,835
Gas      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 3,610 3,107 3,127
OPERATING EXPENSES      
Operating costs 899 599 829
Steam      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 703 578 569
Non-utility      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 3 3 132
Purchased power      
OPERATING EXPENSES      
Operating costs 2,945 2,569 2,541
Fuel      
OPERATING EXPENSES      
Operating costs 261 170 282
Other operations and maintenance      
OPERATING EXPENSES      
Operating costs $ 3,804 $ 3,751 $ 3,606