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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES        
Natural gas $ 1,195 $ 1,488 $ 4,798 $ 7,560
Electric 1,069 1,250 3,269 3,331
Energy-related businesses 512 596 1,360 2,338
Total revenues 2,776 3,334 9,427 13,229
Operating expenses:        
Operation and maintenance (1,326) (1,383) (3,871) (3,958)
Depreciation and amortization (614) (563) (1,811) (1,651)
Franchise fees and other taxes (175) (169) (515) (509)
Other income, net 65 3 194 75
Interest income 17 19 47 60
Interest expense (328) (312) (944) (995)
Income before income taxes and equity earnings 200 323 1,213 2,175
Income tax benefit (expense) 105 52 63 (499)
Equity earnings 454 479 1,235 1,086
Net income 759 854 2,511 2,762
Earnings attributable to noncontrolling interests (110) (122) (325) (435)
Preferred dividends (11) (11) (33) (33)
Preferred dividends of subsidiary 0 0 (1) (1)
Earnings attributable to common shares $ 638 $ 721 $ 2,152 $ 2,293
Basic EPS:        
Earnings (in dollars per share) $ 1.01 $ 1.14 $ 3.40 $ 3.64
Weighted-average common shares outstanding (in shares) 633,752 630,036 633,342 629,963
Diluted EPS:        
Earnings (in dollars per share) $ 1.00 $ 1.14 $ 3.38 $ 3.63
Weighted-average common shares outstanding (in shares) 638,061 632,324 636,566 632,231
Natural gas        
Operating expenses:        
Operating expenses $ (99) $ (260) $ (790) $ (3,254)
Electric fuel and purchased power        
Operating expenses:        
Operating expenses 18 (183) (227) (385)
Energy-related businesses        
Operating expenses:        
Operating expenses $ (134) $ (163) $ (297) $ (437)