Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenues | |||||||||||||||||||||||||||
electric | 4,040,000,000 | 2,777,000,000 | 2,901,000,000 | 2,719,000,000 | 3,669,000,000 | 2,550,000,000 | 2,636,000,000 | 2,526,000,000 | 3,469,000,000 | 2,303,000,000 | 2,538,000,000 | 2,528,000,000 | 3,328,000,000 | 2,416,000,000 | 2,250,000,000 | 2,305,000,000 | 2,952,000,000 | 2,115,000,000 | 2,113,000,000 | 2,070,000,000 | 2,770,000,000 | 1,983,000,000 | 1,906,000,000 | 2,029,000,000 | 2,753,000,000 | 1,971,000,000 | 1,941,000,000 |
gas | 433,000,000 | 711,000,000 | 1,543,000,000 | 795,000,000 | 373,000,000 | 582,000,000 | 1,356,000,000 | 773,000,000 | 353,000,000 | 571,000,000 | 1,430,000,000 | 892,000,000 | 453,000,000 | 643,000,000 | 1,250,000,000 | 731,000,000 | 341,000,000 | 490,000,000 | 1,076,000,000 | 596,000,000 | 289,000,000 | 453,000,000 | 931,000,000 | 601,000,000 | 306,000,000 | 449,000,000 | 1,034,000,000 |
steam | 56,000,000 | 106,000,000 | 354,000,000 | 155,000,000 | 49,000,000 | 88,000,000 | 287,000,000 | 144,000,000 | 49,000,000 | 69,000,000 | 306,000,000 | 149,000,000 | 58,000,000 | 84,000,000 | 302,000,000 | 139,000,000 | 55,000,000 | 74,000,000 | 264,000,000 | 123,000,000 | 51,000,000 | 84,000,000 | 250,000,000 | 158,000,000 | 58,000,000 | 90,000,000 | 321,000,000 |
non-utility | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 129,000,000 | 462,000,000 | 326,000,000 | 272,000,000 | 258,000,000 | 240,000,000 | 265,000,000 | 292,000,000 | 224,000,000 | 171,000,000 | 223,000,000 | 199,000,000 | 147,000,000 | 163,000,000 | 248,000,000 | 234,000,000 | 218,000,000 | |||
total operating revenues | 4,530,000,000 | 3,595,000,000 | 4,798,000,000 | 3,669,000,000 | 4,092,000,000 | 3,220,000,000 | 4,280,000,000 | 3,444,000,000 | 3,872,000,000 | 2,944,000,000 | 4,403,000,000 | 4,031,000,000 | 4,165,000,000 | 3,415,000,000 | 4,060,000,000 | 3,415,000,000 | 3,613,000,000 | 2,971,000,000 | 3,677,000,000 | 2,960,000,000 | 3,333,000,000 | 2,719,000,000 | 3,234,000,000 | 2,951,000,000 | 3,365,000,000 | 2,744,000,000 | 3,514,000,000 |
yoy | 10.70% | 11.65% | 12.10% | 6.53% | 5.68% | 9.38% | -2.79% | -14.56% | -7.03% | -13.79% | 8.45% | 18.04% | 15.28% | 14.94% | 10.42% | 15.37% | 8.40% | 9.27% | 13.70% | 0.30% | -0.95% | -0.91% | -7.97% | ||||
qoq | 26.01% | -25.07% | 30.77% | -10.34% | 27.08% | -24.77% | 24.27% | -11.05% | 31.52% | -33.14% | 9.23% | -3.22% | 21.96% | -15.89% | 18.89% | -5.48% | 21.61% | -19.20% | 24.22% | -11.19% | 22.58% | -15.92% | 9.59% | -12.30% | 22.63% | -21.91% | |
operating expenses | |||||||||||||||||||||||||||
purchased power | 905,000,000 | 649,000,000 | 721,000,000 | 627,000,000 | 743,000,000 | 556,000,000 | 649,000,000 | 548,000,000 | 796,000,000 | 495,000,000 | 702,000,000 | 628,000,000 | 731,000,000 | 633,000,000 | 487,000,000 | 387,000,000 | 548,000,000 | 463,000,000 | 437,000,000 | 408,000,000 | 503,000,000 | 380,000,000 | 308,000,000 | 343,000,000 | 483,000,000 | 352,000,000 | 368,000,000 |
fuel | 40,000,000 | 27,000,000 | 127,000,000 | 40,000,000 | 27,000,000 | 15,000,000 | 88,000,000 | 41,000,000 | 34,000,000 | 18,000,000 | 189,000,000 | 101,000,000 | 59,000,000 | 52,000,000 | 144,000,000 | 63,000,000 | 44,000,000 | 29,000,000 | 93,000,000 | 32,000,000 | 24,000,000 | 23,000,000 | 78,000,000 | 44,000,000 | 31,000,000 | 26,000,000 | 106,000,000 |
gas purchased for resale | 113,000,000 | 171,000,000 | 362,000,000 | 197,000,000 | 67,000,000 | 68,000,000 | 267,000,000 | 189,000,000 | 73,000,000 | 99,000,000 | 468,000,000 | 412,000,000 | 185,000,000 | 205,000,000 | 443,000,000 | 229,000,000 | 83,000,000 | 83,000,000 | 296,000,000 | 163,000,000 | 55,000,000 | 77,000,000 | 232,000,000 | 209,000,000 | 98,000,000 | 131,000,000 | 442,000,000 |
other operations and maintenance | 965,000,000 | 923,000,000 | 952,000,000 | 910,000,000 | 986,000,000 | 967,000,000 | 888,000,000 | 928,000,000 | 933,000,000 | 849,000,000 | 896,000,000 | 1,120,000,000 | 999,000,000 | 881,000,000 | 905,000,000 | 811,000,000 | 849,000,000 | 804,000,000 | 790,000,000 | 698,000,000 | 736,000,000 | 680,000,000 | 700,000,000 | 753,000,000 | 847,000,000 | 781,000,000 | 794,000,000 |
depreciation and amortization | 586,000,000 | 576,000,000 | 564,000,000 | 554,000,000 | 550,000,000 | 512,000,000 | 539,000,000 | 525,000,000 | 512,000,000 | 496,000,000 | 499,000,000 | 463,000,000 | 525,000,000 | 539,000,000 | 529,000,000 | 521,000,000 | 512,000,000 | 502,000,000 | 497,000,000 | 492,000,000 | 482,000,000 | 476,000,000 | 470,000,000 | 431,000,000 | 421,000,000 | 418,000,000 | 413,000,000 |
taxes, other than income taxes | 953,000,000 | 894,000,000 | 947,000,000 | 832,000,000 | 857,000,000 | 782,000,000 | 808,000,000 | 761,000,000 | 801,000,000 | 716,000,000 | 765,000,000 | 757,000,000 | 777,000,000 | 718,000,000 | 753,000,000 | 707,000,000 | 727,000,000 | 672,000,000 | 704,000,000 | 660,000,000 | 673,000,000 | 604,000,000 | 638,000,000 | 606,000,000 | 618,000,000 | 578,000,000 | 605,000,000 |
total operating expenses | 3,562,000,000 | 3,240,000,000 | 3,673,000,000 | 3,160,000,000 | 3,230,000,000 | 2,900,000,000 | 3,239,000,000 | 2,992,000,000 | 3,149,000,000 | 2,673,000,000 | 3,519,000,000 | 3,481,000,000 | 3,276,000,000 | 3,028,000,000 | 3,261,000,000 | 2,718,000,000 | 2,763,000,000 | 2,553,000,000 | 2,817,000,000 | 2,453,000,000 | 2,473,000,000 | 2,240,000,000 | 2,426,000,000 | 2,386,000,000 | 2,498,000,000 | 2,286,000,000 | 2,728,000,000 |
loss on sale of the clean energy businesses | |||||||||||||||||||||||||||
operating income | 968,000,000 | 355,000,000 | 1,125,000,000 | 477,000,000 | 862,000,000 | 320,000,000 | 1,011,000,000 | 451,000,000 | 722,000,000 | 284,000,000 | 1,739,000,000 | 550,000,000 | 889,000,000 | 387,000,000 | 799,000,000 | 697,000,000 | 850,000,000 | 418,000,000 | 860,000,000 | 507,000,000 | 860,000,000 | 479,000,000 | 808,000,000 | 565,000,000 | 867,000,000 | 458,000,000 | 786,000,000 |
yoy | 12.30% | 10.94% | 11.28% | 5.76% | 19.39% | 12.68% | -41.86% | -18.00% | -18.79% | -26.61% | 117.65% | -21.09% | 4.59% | -7.42% | -7.09% | 37.48% | -1.16% | -12.73% | 6.44% | -10.27% | -0.81% | 4.59% | 2.80% | ||||
qoq | 172.68% | -68.44% | 135.85% | -44.66% | 169.38% | -68.35% | 124.17% | -37.53% | 154.23% | -83.67% | 216.18% | -38.13% | 129.72% | -51.56% | 14.63% | -18.00% | 103.35% | -51.40% | 69.63% | -41.05% | 79.54% | -40.72% | 43.01% | -34.83% | 89.30% | -41.73% | |
operating margin % | 21.37% | 9.87% | 23.45% | 13.00% | 21.07% | 9.94% | 23.62% | 13.10% | 18.65% | 9.65% | 39.50% | 13.64% | 21.34% | 11.33% | 19.68% | 20.41% | 23.53% | 14.07% | 23.39% | 17.13% | 25.80% | 17.62% | 24.98% | 19.15% | 25.77% | 16.69% | 22.37% |
other income | 208,000,000 | 214,000,000 | 201,000,000 | 159,000,000 | 157,000,000 | 155,000,000 | 164,000,000 | 209,000,000 | 210,000,000 | 210,000,000 | 204,000,000 | 106,000,000 | 101,000,000 | 113,000,000 | 82,000,000 | 3,000,000 | 5,000,000 | 7,000,000 | 6,000,000 | 8,000,000 | 8,000,000 | 4,000,000 | 2,000,000 | 19,000,000 | 10,000,000 | 4,000,000 | 11,000,000 |
investment income | 18,000,000 | 17,000,000 | 16,000,000 | 16,000,000 | 17,000,000 | 11,000,000 | 19,000,000 | 39,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | -240,000,000 | 5,000,000 | -24,000,000 | -161,000,000 | -292,000,000 | 27,000,000 | 25,000,000 | 26,000,000 | 26,000,000 | 25,000,000 | 22,000,000 | 24,000,000 |
allowance for equity funds used during construction | 16,000,000 | 18,000,000 | 18,000,000 | 9,000,000 | 8,000,000 | 10,000,000 | 10,000,000 | 6,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 2,000,000 | 5,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 3,000,000 |
other deductions | -11,000,000 | -8,000,000 | -14,000,000 | -36,000,000 | -17,000,000 | -16,000,000 | -11,000,000 | -35,000,000 | -18,000,000 | -17,000,000 | -22,000,000 | -58,000,000 | -21,000,000 | -34,000,000 | -2,000,000 | -48,000,000 | -37,000,000 | -38,000,000 | -36,000,000 | -50,000,000 | -50,000,000 | -55,000,000 | -72,000,000 | -28,000,000 | -25,000,000 | -27,000,000 | -24,000,000 |
total other income | 231,000,000 | 241,000,000 | 221,000,000 | 148,000,000 | 165,000,000 | 160,000,000 | 182,000,000 | 219,000,000 | 207,000,000 | 207,000,000 | 196,000,000 | 57,000,000 | 89,000,000 | 89,000,000 | 90,000,000 | -279,000,000 | -22,000,000 | -50,000,000 | -186,000,000 | -329,000,000 | -13,000,000 | -21,000,000 | -39,000,000 | 20,000,000 | 14,000,000 | 3,000,000 | 14,000,000 |
income before interest and income tax expense | 1,199,000,000 | 1,346,000,000 | 625,000,000 | 1,027,000,000 | 480,000,000 | 1,193,000,000 | 670,000,000 | 929,000,000 | 491,000,000 | 1,935,000,000 | 607,000,000 | 978,000,000 | 476,000,000 | 889,000,000 | 418,000,000 | 828,000,000 | 368,000,000 | 674,000,000 | 178,000,000 | 847,000,000 | 458,000,000 | 769,000,000 | 585,000,000 | 881,000,000 | 461,000,000 | 800,000,000 | |
interest income | |||||||||||||||||||||||||||
interest on long-term debt | 292,000,000 | 292,000,000 | 292,000,000 | 287,000,000 | 275,000,000 | 267,000,000 | 255,000,000 | 243,000,000 | 234,000,000 | 234,000,000 | 251,000,000 | 259,000,000 | 246,000,000 | 242,000,000 | 241,000,000 | 237,000,000 | 235,000,000 | 230,000,000 | 227,000,000 | 230,000,000 | 227,000,000 | 234,000,000 | 224,000,000 | 228,000,000 | 220,000,000 | 219,000,000 | 221,000,000 |
other interest expense | 31,000,000 | 26,000,000 | 39,000,000 | 32,750,000 | 47,000,000 | 36,000,000 | 48,000,000 | ||||||||||||||||||||
allowance for borrowed funds used during construction | -14,000,000 | -18,000,000 | -18,000,000 | -18,000,000 | -16,000,000 | -15,000,000 | -14,000,000 | -13,000,000 | -14,000,000 | -12,000,000 | -13,000,000 | -13,000,000 | -15,000,000 | -5,000,000 | -3,000,000 | -2,000,000 | -1,000,000 | -4,000,000 | -4,000,000 | -4,000,000 | -5,000,000 | -2,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | |
net interest expense | 309,000,000 | 300,000,000 | 313,000,000 | 304,000,000 | 306,000,000 | 288,000,000 | 289,000,000 | 265,000,000 | 259,000,000 | 236,000,000 | 262,000,000 | 266,000,000 | 199,000,000 | 205,000,000 | 182,000,000 | 236,000,000 | 232,000,000 | 261,000,000 | 176,000,000 | 222,000,000 | 226,000,000 | 247,000,000 | 322,000,000 | 219,000,000 | 262,000,000 | 263,000,000 | 247,000,000 |
income before income tax expense | 890,000,000 | 1,033,000,000 | 321,000,000 | 721,000,000 | 192,000,000 | 904,000,000 | 405,000,000 | 670,000,000 | 255,000,000 | 1,673,000,000 | 341,000,000 | 779,000,000 | 271,000,000 | 707,000,000 | 182,000,000 | 596,000,000 | 498,000,000 | -44,000,000 | 621,000,000 | 211,000,000 | 447,000,000 | 366,000,000 | 619,000,000 | 198,000,000 | 553,000,000 | ||
income tax expense | 202,000,000 | 242,000,000 | 11,000,000 | 133,000,000 | 184,000,000 | 71,000,000 | 144,000,000 | 29,000,000 | 243,000,000 | 168,000,000 | 160,000,000 | 153,000,000 | -4,000,000 | 127,000,000 | 78,000,000 | -93,000,000 | 119,000,000 | 9,000,000 | 55,000,000 | 53,000,000 | 116,000,000 | 19,000,000 | 108,000,000 | ||||
net income for common stock | 688,000,000 | 246,000,000 | 791,000,000 | 310,000,000 | 588,000,000 | 202,000,000 | 720,000,000 | 334,000,000 | 526,000,000 | 226,000,000 | 1,433,000,000 | 190,000,000 | 613,000,000 | 255,000,000 | 602,000,000 | 224,000,000 | 538,000,000 | 165,000,000 | 419,000,000 | 43,000,000 | 493,000,000 | 190,000,000 | 375,000,000 | 295,000,000 | 473,000,000 | 152,000,000 | 424,000,000 |
net income per common share - basic | 1,910,000 | 680,000 | 2,260,000 | ||||||||||||||||||||||||
net income per common share - diluted | 1,900,000 | 680,000 | 2,250,000 | ||||||||||||||||||||||||
average number of shares outstanding—basic | 360,700,000 | 360,400,000 | 350,100,000 | 86,475,000 | 346,200,000 | 345,900,000 | 345,500,000 | 87,100,000 | 345,000,000 | 345,900,000 | 352,900,000 | 88,600,000 | 354,600,000 | 354,300,000 | 354,100,000 | 86,700,000 | 353,400,000 | 345,400,000 | 342,200,000 | 83,525,000 | 334,500,000 | 334,100,000 | 333,600,000 | 81,825,000 | 332,200,000 | 328,300,000 | 322,500,000 |
average number of shares outstanding—diluted | 361,900,000 | 361,700,000 | 351,300,000 | 86,800,000 | 347,500,000 | 347,100,000 | 346,800,000 | 87,475,000 | 346,500,000 | 347,400,000 | 354,200,000 | 88,925,000 | 355,900,000 | 355,500,000 | 355,100,000 | 86,875,000 | 354,100,000 | 346,200,000 | 343,000,000 | 83,750,000 | 335,400,000 | 335,000,000 | 334,600,000 | 82,075,000 | 333,200,000 | 329,200,000 | 323,400,000 |
income before interest and income tax benefit | 596,000,000 | ||||||||||||||||||||||||||
income before income tax benefit | 296,000,000 | 107,000,000 | |||||||||||||||||||||||||
income tax benefit | 50,000,000 | -10,000,000 | 17,000,000 | -11,000,000 | |||||||||||||||||||||||
gain on sale of the clean energy businesses | -32,000,000 | -30,000,000 | -1,000,000 | -1,000,000 | 13,000,000 | 855,000,000 | |||||||||||||||||||||
net income | 310,000,000 | 588,000,000 | 202,000,000 | 720,000,000 | 334,000,000 | 526,000,000 | 226,000,000 | 1,430,000,000 | 173,000,000 | 619,000,000 | 254,000,000 | 554,000,000 | 186,000,000 | 469,000,000 | 118,000,000 | 420,000,000 | 49,000,000 | 502,000,000 | 202,000,000 | 392,000,000 | 313,000,000 | 503,000,000 | 179,000,000 | 445,000,000 | |||
yoy | -7.19% | 11.79% | -10.62% | -49.65% | 93.06% | -15.02% | -11.02% | 158.12% | -6.99% | 31.98% | 115.25% | 31.90% | 279.59% | -6.57% | -41.58% | 7.14% | -84.35% | -0.20% | 12.85% | -11.91% | |||||||
qoq | -47.28% | 191.09% | -71.94% | 115.57% | -36.50% | 132.74% | -84.20% | 726.59% | -72.05% | 143.70% | -54.15% | 197.85% | -60.34% | 297.46% | -71.90% | 757.14% | -90.24% | 148.51% | -48.47% | 25.24% | -37.77% | 181.01% | -59.78% | ||||
net income margin % | 0% | 0% | 0% | 8.45% | 14.37% | 6.27% | 16.82% | 9.70% | 13.58% | 7.68% | 32.48% | 4.29% | 14.86% | 7.44% | 13.65% | 5.45% | 12.98% | 3.97% | 11.42% | 1.66% | 15.06% | 7.43% | 12.12% | 10.61% | 14.95% | 6.52% | 12.66% |
loss attributable to non-controlling interest | -3,000,000 | -1,000,000 | |||||||||||||||||||||||||
net income per common share—basic | 1,092,500 | 1,700,000 | 580,000 | 2,080,000 | 1,567,500 | 1,530,000 | 650,000 | 4,060,000 | 1,037,500 | 1,730,000 | 720,000 | 1,700,000 | 807,500 | 1,520,000 | 480,000 | 1,230,000 | 792,500 | 1,470,000 | 570,000 | 1,130,000 | 800,000 | 1,420,000 | 460,000 | 1,310,000 | |||
net income per common share—diluted | 1,087,500 | 1,690,000 | 580,000 | 2,080,000 | 1,560,000 | 1,520,000 | 650,000 | 4,050,000 | 1,032,500 | 1,720,000 | 720,000 | 1,700,000 | 807,500 | 1,520,000 | 480,000 | 1,220,000 | 790,000 | 1,470,000 | 570,000 | 1,120,000 | 797,500 | 1,420,000 | 460,000 | 1,310,000 | |||
other interest income | 35,000,000 | 39,000,000 | 14,000,000 | 24,000,000 | -29,750,000 | -32,000,000 | -32,000,000 | -56,000,000 | |||||||||||||||||||
income attributable to non-controlling interest | -750,000 | -17,000,000 | 6,000,000 | -48,000,000 | -38,000,000 | -69,000,000 | -47,000,000 | 1,000,000 | 6,000,000 | 9,000,000 | 12,000,000 | 17,000,000 | 18,000,000 | 30,000,000 | 27,000,000 | 21,000,000 | |||||||||||
interest expense | |||||||||||||||||||||||||||
other interest | 1,000,000 | -2,000,000 | 35,000,000 | -47,000,000 | -4,000,000 | 4,000,000 | 15,000,000 | 101,000,000 | -6,000,000 | 45,000,000 | 47,000,000 | 29,000,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.