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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 5,095 $ 4,798
OPERATING EXPENSES    
Depreciation and amortization 572 564
Taxes, other than income taxes 1,035 947
TOTAL OPERATING EXPENSES 3,918 3,673
OPERATING INCOME 1,177 1,125
Gain on sale of interest in Mountain Valley Pipeline, LLC 189 0
OTHER INCOME (DEDUCTIONS)    
Investment income 18 16
Other income 143 201
Allowance for equity funds used during construction 22 18
Other deductions (14) (14)
TOTAL OTHER INCOME 169 221
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,535 1,346
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 308 292
Other interest expense 18 39
Allowance for borrowed funds used during construction (18) (18)
NET INTEREST EXPENSE 308 313
INCOME BEFORE INCOME TAX EXPENSE 1,227 1,033
INCOME TAX EXPENSE 303 242
NET INCOME $ 924 $ 791
Net income per common share - basic (dollars per share) $ 2.55 $ 2.26
Net income per common share - diluted (dollars per share) $ 2.54 $ 2.25
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 363.0 350.1
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 364.4 351.3
Electric    
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 3,039 $ 2,901
Gas    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1,623 1,543
OPERATING EXPENSES    
Operating costs 426 362
Steam    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 432 354
Non-utility    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1 0
Purchased power    
OPERATING EXPENSES    
Operating costs 756 721
Fuel    
OPERATING EXPENSES    
Operating costs 189 127
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 940 $ 952