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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting Information [Line Items]  
Business Segment Information
Business segment information is presented in the following tables. Segment assets presented exclude intercompany assets. On a quarterly basis going forward, the Company expects to disclose segment assets as of the prior year end and current interim period end, consistent with the periods presented on the Condensed Consolidated Balance Sheets in each respective Form 10-Q.
Three Months Ended September 30, 2025
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$8,165 $371 $8,536 $6 $— $8,542 
Intersegment revenues15 23 38 34 (72)— 
Total operating revenues
$8,180 $394 $8,574 $40 $(72)$8,542 
Less:
Fuel used in electric generation and purchased power$2,309 $— $2,309 $— $(20)$2,289 
Cost of natural gas— 110 110 — — 110 
Operation, maintenance and other1,728 125 1,853 (38)(53)1,762 
Depreciation and amortization1,448 106 1,554 79 (7)1,626 
Property and other taxes394 41 435 2 1 438 
Impairment of assets and other charges(1)— (1)— 1 — 
Interest expense522 67 589 332 (19)902 
Income tax expense (benefit)264 (10)254 (79)1 176 
Other Segment Items
Noncontrolling interests(a)
34 — 34 — (1)33 
Preferred dividends— — — 14 — 14 
Add: Equity in earnings of unconsolidated affiliates
— 5 5 12 (1)16 
Add: Other(b)
176 14 190 33 (24)199 
Segment income (loss)
$1,658 $(26)$1,632 $(225)$— $1,407 
Add back: Net income attributable to noncontrolling interest
33 
Add back: Preferred dividends
14 
Net Income
$1,454 
Three Months Ended September 30, 2024
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$7,833 $309 $8,142 $12 $— $8,154 
Intersegment revenues19 23 42 30 (72)— 
Total operating revenues
$7,852 $332 $8,184 $42 $(72)$8,154 
Less:
Fuel used in electric generation and purchased power$2,664 $— $2,664 $— $(20)$2,644 
Cost of natural gas— 70 70 — — 70 
Operation, maintenance and other1,387 113 1,500 (44)(47)1,409 
Depreciation and amortization1,352 100 1,452 72 (8)1,516 
Property and other taxes345 36 381 3 (1)383 
Impairment of assets and other charges(5)— (5)— — (5)
Interest expense514 67 581 321 (30)872 
Income tax expense (benefit)244 (14)230 (66)(1)163 
Other Segment Items
Noncontrolling interests(a)
31 — 31 — — 31 
Preferred dividends— — — 39 — 39 
Preferred redemption costs— — — 16 — 16 
Add: Equity in earnings of unconsolidated affiliates
2 3 5 10 — 15 
Add: Other(b)
129 12 141 67 (35)173 
Segment income (loss)(c)(d)
$1,451 $(25)$1,426 $(222)$— $1,204 
Discontinued Operations
22 
Net income available to Duke Energy Corporation Common Stockholders
$1,226 
Add back: Net Income available to noncontrolling interest
34 
Add back: Preferred dividends
39 
Add back: Preferred redemption costs
16 
Net Income
$1,315 
(a)Net income attributable to NCI related to continuing operations.
(b)    Other for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net.
(c)    EU&I includes $17 million recorded within Operating Revenues and GU&I includes $1 million recorded within Operations, maintenance and other and $3 million recorded within Other income and expenses related to nonrecurring customer billing adjustments as a result of implementation of a new customer system.
(d)    Other includes $16 million recorded as Preferred Redemption Costs related to the redemption of Series B Preferred Stock. Refer to Note 15 for further information.
Nine Months Ended September 30, 2025
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$22,320 $1,958 $24,278 $21 $— $24,299 
Intersegment revenues45 69 114 101 (215)— 
Total operating revenues
$22,365 $2,027 $24,392 $122 $(215)$24,299 
Less:
Fuel used in electric generation and purchased power$6,326 $— $6,326 $— $(60)$6,266 
Cost of natural gas— 642 642 — — 642 
Operation, maintenance and other4,746 379 5,125 (59)(150)4,916 
Depreciation and amortization4,184 325 4,509 233 (21)4,721 
Property and other taxes1,143 129 1,272 8 1 1,281 
Impairment of assets and other charges(2)— (2)5 — 3 
Interest expense1,587 197 1,784 968 (64)2,688 
Income tax expense (benefit)653 77 730 (243)1 488 
Other Segment Items
Noncontrolling interests(a)
82 — 82 — (1)81 
Preferred dividends— — — 41 — 41 
Add: Equity in earnings of unconsolidated affiliates
— 11 11 27 — 38 
Add: Other(b)
482 40 522 91 (79)534 
Segment income (loss)
$4,128 $329 $4,457 $(713)$— $3,744 
Discontinued Operations
(1)
Net income available to Duke Energy Corporation Common Stockholders
$3,743 
Add back: Net income attributable to noncontrolling interest
81 
Add back: Preferred dividends
41 
Net Income
$3,865 
Capital investments expenditures and acquisitions for the nine months ended September 30, 2025$8,789 $847 $9,636 $245 $— $9,881 
Segment assets as of September 30, 2025(c)
169,647 18,468 188,115 4,178 — 192,293 
Nine Months Ended September 30, 2024
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$21,420 $1,547 $22,967 $30 $— $22,997 
Intersegment revenues55 68 123 90 (213)— 
Total operating revenues
$21,475 $1,615 $23,090 $120 $(213)$22,997 
Less:
Fuel used in electric generation and purchased power$7,266 $— $7,266 $— $(59)$7,207 
Cost of natural gas— 380 380 — — 380 
Operation, maintenance and other3,965 359 4,324 (70)(146)4,108 
Depreciation and amortization3,823 294 4,117 216 (21)4,312 
Property and other taxes1,033 120 1,153 10 (1)1,162 
Impairment of assets and other charges38 — 38 1 — 39 
Interest expense1,501 189 1,690 921 (98)2,513 
Income tax expense (benefit)631 57 688 (207)— 481 
Other Segment Items
Noncontrolling interests(a)
66 — 66 — (1)65 
Preferred dividends— — — 92 — 92 
Preferred redemption costs— — — 16 — 16 
Add: Equity in earnings of unconsolidated affiliates
4 3 7 46 — 53 
Add: Other(b)
406 46 452 188 (113)527 
Segment income (loss)(d)(e)
$3,562 $265 $3,827 $(625)$— $3,202 
Discontinued Operations
9 
Net income available to Duke Energy Corporation Common Stockholders
$3,211 
Add back: Net Income available to noncontrolling interest
68 
Add back: Preferred dividends
92 
Add back: Preferred redemption costs
16 
Net Income
$3,387 
Capital investments expenditures and acquisitions for the nine months ended September 30, 2024
$7,969 $1,027 $8,996 $203 $— $9,199 
Segment assets as of December 31, 2024(c)
164,010 18,131 182,141 4,202 — 186,343 
(a)Net income attributable to NCI related to continuing operations.
(b)    Other for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net.
(c)    GU&I includes Assets held for sale balances related to the Piedmont Tennessee Disposal Group. Refer to Note 2 for further information.
(d)    EU&I includes $42 million recorded within Impairment of assets and other charges, $2 million within Operations, maintenance and other, and an $11 million reduction recorded within Interest Expense on Duke Energy Carolinas' and Duke Energy Progress' Condensed Consolidated Statement of Operations, related to the Duke Energy Carolinas' 2024 South Carolina rate case order. Additionally, EU&I includes $17 million recorded within Operating Revenues and GU&I includes $1 million recorded within Operations, maintenance and other and $3 million recorded within Other income and expenses related to nonrecurring customer billing adjustments as a result of implementation of a new customer system.
(e)    Other includes $16 million recorded as Preferred Redemption Costs related to the redemption of Series B Preferred Stock. Refer to Note 15 for further information.
Duke Energy Carolinas  
Segment Reporting Information [Line Items]  
Business Segment Information
Duke Energy Carolinas has one reportable segment, EU&I. The remainder of Duke Energy Carolinas' operations is presented as Other.
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$2,632 $— $2,632 $7,387 $— $7,387 
Less:
Fuel used in electric generation and purchased power$706 $— $706 $2,080 $— $2,080 
Operation, maintenance and other477 10 487 1,439 32 1,471 
Depreciation and amortization488 — 488 1,402 — 1,402 
Property and other taxes96 — 96 283 — 283 
Impairment of assets and other charges1 — 1 — — — 
Interest expense184 — 184 584 — 584 
Income tax expense (benefit)54 (3)51 146 (8)138 
Add: Other segment items(a)
66 (1)65 195 (2)193 
Segment income (loss) / Net income$692 $(8)$684 $1,648 $(26)$1,622 
Capital expenditures for the nine months ended September 30, 2025
$3,159 $— $3,159 
Segment assets as of September 30, 2025
57,700 221 57,921 
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$2,707 $— $2,707 $7,411 $— $7,411 
Less:
Fuel used in electric generation and purchased power$922 $— $922 $2,531 $— $2,531 
Operation, maintenance and other461 2 463 1,335 23 1,358 
Depreciation and amortization472 — 472 1,306 — 1,306 
Property and other taxes88 — 88 271 — 271 
Impairment of assets and other charges(2)— (2)32 — 32 
Interest expense189 — 189 537 — 537 
Income tax expense (benefit)50 (1)49 159 (6)153 
Add: Other segment items(a)
59 (1)58 184 (2)182 
Segment income (loss) / Net income$586 $(2)$584 $1,424 $(19)$1,405 
Capital expenditures for the nine months ended September 30, 2024
$2,923 $— $2,923 
Segment assets as of December 31, 2024
54,782 223 55,005 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Progress Energy  
Segment Reporting Information [Line Items]  
Business Segment Information
Progress Energy has one reportable segment, EU&I. The remainder of Progress Energy's operations is presented as Other.
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$4,070 $4 $4,074 $11,098 $12 $11,110 
Less:
Fuel used in electric generation and purchased power$1,175 $— $1,175 $3,306 $— $3,306 
Operation, maintenance and other935 9 944 2,436 39 2,475 
Depreciation and amortization670 — 670 1,910 — 1,910 
Property and other taxes201 — 201 548 — 548 
Impairment of assets and other charges(2)— (2)(2)— (2)
Interest expense243 29 272 744 86 830 
Income tax expense (benefit)155 (12)143 394 (33)361 
Add: Other segment items(a)
81 5 86 218 10 228 
Segment income (loss) / Net income$774 $(17)$757 $1,980 $(70)$1,910 
Capital expenditures for the nine months ended September 30, 2025$4,320 $— $4,320 
Segment assets as of September 30, 2025
70,292 4,272 74,564 
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$3,854 $6 $3,860 $10,430 $15 $10,445 
Less:
Fuel used in electric generation and purchased power$1,384 $— $1,384 $3,729 $— $3,729 
Operation, maintenance and other646 7 653 1,833 36 1,869 
Depreciation and amortization640 — 640 1,795 — 1,795 
Property and other taxes170 — 170 494 — 494 
Impairment of assets and other charges(3)— (3)6 — 6 
Interest expense241 30 271 709 87 796 
Income tax expense (benefit)142 (12)130 351 (31)320 
Add: Other segment items(a)
53 10 63 170 28 198 
Segment income (loss) / Net income$687 $(9)$678 $1,683 $(49)$1,634 
Capital expenditures for the nine months ended September 30, 2024
$3,891 $— $3,891 
Segment assets as of December 31, 2024
67,951 3,685 71,636 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Duke Energy Progress  
Segment Reporting Information [Line Items]  
Business Segment Information
Duke Energy Progress has one reportable segment, EU&I. The remainder of Duke Energy Progress' operations is presented as Other.
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$1,913 $— $1,913 $5,612 $— $5,612 
Less:
Fuel used in electric generation and purchased power$629 $— $629 $1,928 $— $1,928 
Operation, maintenance and other358 4 362 1,082 18 1,100 
Depreciation and amortization373 — 373 1,049 — 1,049 
Property and other taxes54 — 54 159 — 159 
Impairment of assets and other charges(2)— (2)(2)— (2)
Interest expense125 — 125 392 — 392 
Income tax expense (benefit)58 (2)56 156 (5)151 
Add: Other segment items(a)
58 (2)56 147 (4)143 
Segment income (loss) / Net income$376 $(4)$372 $995 $(17)$978 
Capital expenditures for the nine months ended September 30, 2025$2,372 $— $2,372 
Segment assets as of September 30, 2025
41,163 744 41,907 
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$1,914 $— $1,914 $5,338 $— $5,338 
Less:
Fuel used in electric generation and purchased power$679 $— $679 $1,896 $— $1,896 
Operation, maintenance and other374 2 376 1,063 14 1,077 
Depreciation and amortization354 — 354 999 — 999 
Property and other taxes43 — 43 144 — 144 
Impairment of assets and other charges(3)— (3)6 — 6 
Interest expense127 — 127 370 — 370 
Income tax expense (benefit)48 — 48 137 (2)135 
Add: Other segment items(a)
32 3 35 104 5 109 
Segment income (loss) / Net income$324 $1 $325 $827 $(7)$820 
Capital expenditures for the nine months ended September 30, 2024
$2,036 $— $2,036 
Segment assets as of December 31, 2024
39,402 91 39,493 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Duke Energy Florida  
Segment Reporting Information [Line Items]  
Business Segment Information
Duke Energy Florida has one reportable segment, EU&I. The remainder of Duke Energy Florida's operations is presented as Other.
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$2,157 $— $2,157 $5,486 $— $5,486 
Less:
Fuel used in electric generation and purchased power$546 $— $546 $1,378 $— $1,378 
Operation, maintenance and other577 2 579 1,354 11 1,365 
Depreciation and amortization297 — 297 861 — 861 
Property and other taxes147 — 147 389 — 389 
Interest expense118 — 118 352 — 352 
Income tax expense (benefit)97 (1)96 238 (3)235 
Add: Other segment items(a)
23 — 23 71 (2)69 
Segment income (loss) / Net income$398 $(1)$397 $985 $(10)$975 
Capital expenditures for the nine months ended September 30, 2025$1,948 $— $1,948 
Segment assets as of September 30, 2025
29,129 85 29,214 
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$1,940 $— $1,940 $5,092 $— $5,092 
Less:
Fuel used in electric generation and purchased power$705 $— $705 $1,833 $— $1,833 
Operation, maintenance and other272 — 272 770 9 779 
Depreciation and amortization286 — 286 796 — 796 
Property and other taxes127 — 127 350 — 350 
Interest expense114 — 114 339 — 339 
Income tax expense (benefit)94 — 94 214 (2)212 
Add: Other segment items(a)
21 1 22 66 3 69 
Segment income (loss) / Net income$363 $1 $364 $856 $(4)$852 
Capital expenditures for the nine months ended September 30, 2024
$1,855 $— $1,855 
Segment assets as of December 31, 2024
28,549 20 28,569 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Duke Energy Ohio  
Segment Reporting Information [Line Items]  
Business Segment Information
Duke Energy Ohio has two reportable segments, EU&I and GU&I. The remainder of Duke Energy Ohio's operations is presented as Other.
Three Months Ended September 30, 2025
ElectricGasTotal
Utilities andUtilities andReportable
Eliminations/
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total operating revenues
$561 $118 $679 $— $679 
Less:
Fuel used in electric generation and purchased power$175 $— $175 $— $175 
Cost of natural gas— 12 12 — 12 
Operation, maintenance and other98 28 126 1 127 
Depreciation and amortization83 36 119 1 120 
Property and other taxes87 21 108 1 109 
Interest expense34 18 52 — 52 
Income tax expense (benefit)13 1 14 (1)13 
Add: Other segment items(a)
4 2 6 1 7 
Segment income (loss) / Net income
$75 $4 $79 $(1)$78 
Three Months Ended September 30, 2024
ElectricGasTotal
Utilities andUtilities andReportable
Eliminations/
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total operating revenues
$497 $108 $605 $— $605 
Less:
Fuel used in electric generation and purchased power$146 $— $146 — $146 
Cost of natural gas— 18 18 — 18 
Operation, maintenance and other106 25 131 — 131 
Depreciation and amortization70 32 102 — 102 
Property and other taxes79 20 99 — 99 
Interest expense32 18 50 2 52 
Income tax expense (benefit)10 (2)8 (1)7 
Add: Other segment items(a)
3 (1)2 — 2 
Segment income (loss) / Net income$57 $(4)$53 $(1)$52 
(a)    Other segment items for EU&I and GU&I include Gains on sales of other assets and other, net, and Other income and expenses, net.
Nine Months Ended September 30, 2025
ElectricGasTotal
Utilities andUtilities andReportable
Eliminations/
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total operating revenues
$1,546 $553 $2,099 $— $2,099 
Less:
Fuel used in electric generation and purchased power$485 $— $485 $— $485 
Cost of natural gas— 148 148 — 148 
Operation, maintenance and other277 84 361 5 366 
Depreciation and amortization242 111 353 — 353 
Property and other taxes253 72 325 1 326 
Interest expense97 52 149 1 150 
Income tax expense (benefit)31 18 49 (2)47 
Add: Other segment items(a)
12 6 18 — 18 
Segment income (loss) / Net income
$173 $74 $247 $(5)$242 
Capital expenditures for the nine months ended September 30, 2025$457 $252 $709 $— $709 
Segment assets as of September 30, 2025
8,433 4,647 13,080 192 13,272 
Nine Months Ended September 30, 2024
ElectricGasTotal
Utilities andUtilities andReportable
Eliminations/
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total operating revenues
$1,431 $460 $1,891 $— $1,891 
Less:
Fuel used in electric generation and purchased power$416 $— $416 — $416 
Cost of natural gas— 100 100 — 100 
Operation, maintenance and other287 87 374 4 378 
Depreciation and amortization201 96 297 — 297 
Property and other taxes230 73 303 — 303 
Interest expense93 50 143 1 144 
Income tax expense (benefit)33 11 44 (2)42 
Add: Other segment items(a)
10 3 13 (1)12 
Segment income (loss) / Net income
$181 $46 $227 $(4)$223 
Capital expenditures for the nine months ended September 30, 2024
$421 $219 $640 $— $640 
Segment assets as of December 31, 2024
8,211 4,506 12,717 51 12,768 
(a)    Other segment items for EU&I and GU&I include Gains on sales of other assets and other, net, and Other income and expenses, net.
Duke Energy Indiana  
Segment Reporting Information [Line Items]  
Business Segment Information
Duke Energy Indiana has one reportable segment, EU&I. The remainder of Duke Energy Indiana's operations is presented as Other.
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$992 $— $992 $2,671 $— $2,671 
Less:
Fuel used in electric generation and purchased power$324 $— $324 $803 $— $803 
Operation, maintenance and other212 2 214 594 7 601 
Depreciation and amortization203 — 203 617 — 617 
Property and other taxes9 — 9 44 — 44 
Interest expense66 — 66 182 — 182 
Income tax expense (benefit)24 — 24 62 (2)60 
Add: Other segment items(a)
15 — 15 47 (1)46 
Segment income (loss) / Net income$169 $(2)$167 $416 $(6)$410 
Capital expenditures for the nine months ended September 30, 2025$841 $— $841 
Segment assets as of September 30, 2025
15,961 204 16,165 
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
ElectricElectric
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$836 $— $836 $2,342 $— $2,342 
Less:
Fuel used in electric generation and purchased power$267 $— $267 $761 $— $761 
Operation, maintenance and other169 — 169 508 2 510 
Depreciation and amortization166 — 166 507 — 507 
Property and other taxes7 — 7 37 — 37 
Interest expense58 — 58 173 — 173 
Income tax expense (benefit)29 — 29 65 — 65 
Add: Other segment items(a)
15 1 16 44 — 44 
Segment income (loss) / Net income$155 $1 $156 $335 $(2)$333 
Capital expenditures for the nine months ended September 30, 2024
$711 $— $711 
Segment assets as of December 31, 2024
15,726 1 15,727 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Piedmont  
Segment Reporting Information [Line Items]  
Business Segment Information
Piedmont has one reportable segment, GU&I. The remainder of Piedmont's operations is presented as Other.
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
Gas
Gas
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$271 $— $271 $1,463 $— $1,463 
Less:
Cost of natural gas$98 $— $98 $494 $— $494 
Operation, maintenance and other94 8 102 289 12 301 
Depreciation and amortization69 — 69 210 — 210 
Property and other taxes19 — 19 56 — 56 
Interest expense48 — 48 142 1 143 
Income tax (benefit) expense
(11)(1)(12)58 (2)56 
Other Segment Items
Add: Equity in earnings of unconsolidated affiliates— 3 3 — 6 6 
Add: Other(a)
12 — 12 34 — 34 
Segment (loss) income / Net (loss) income
$(34)$(4)$(38)$248 $(5)$243 
Capital expenditures for the nine months ended September 30, 2025$595 $— $595 
Segment assets as of September 30, 2025(b)
11,947 89 12,036 
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
Gas
Gas
Utilities andEliminations/Utilities andEliminations/
(in millions)InfrastructureOtherTotalInfrastructureOtherTotal
Total operating revenues
$219 $— $219 $1,139 $— $1,139 
Less:
Cost of natural gas$52 $— $52 $280 $— $280 
Operation, maintenance and other86 1 87 264 3 267 
Depreciation and amortization65 — 65 191 — 191 
Property and other taxes16 — 16 47 — 47 
Interest expense47 — 47 135 — 135 
Income tax (benefit) expense
(10)— (10)48 1 49 
Other Segment Items
Add: Equity in earnings of unconsolidated affiliates— 2 2 — 6 6 
Add: Other(a)
12 — 12 42 — 42 
Segment (loss) income / Net (loss) income
$(25)$1 $(24)$216 $2 $218 
Capital expenditures for the nine months ended September 30, 2024
$800 $— $800 
Segment assets as of December 31, 2024(b)
11,707 92 11,799 
(a)    Other includes Gains on sales of other assets and other, net, and Other income and expenses, net.
(b)    GU&I includes Assets held for sale balances related to the Piedmont Tennessee Disposal Group. Refer to Note 2 for further information.