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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues (Note K) $ 4,894 $ 3,732 $ 9,675 $ 8,253
Cost of sales and fuel (exclusive of items shown separately below) 2,891 2,482 5,788 5,829
Operations and maintenance 490 296 976 535
Depreciation and amortization 262 170 516 332
General taxes 83 47 169 104
Other operating income, net (Note C) (61) 0 (67) (781)
Operating income 1,229 737 2,293 2,234
Equity in net earnings from investments (Note I) 88 43 164 83
Other income, net 4 13 11 21
Interest expense (net of capitalized interest of $16, $6, $28 and $24, respectively) (298) (180) (598) (346)
Income before income taxes 1,023 613 1,870 1,992
Income taxes (243) (145) (451) (475)
Net income 780 468 1,419 1,517
Less: Preferred stock dividends 0 0 0 0
Net income available to common shareholders $ 780 $ 468 $ 1,419 $ 1,517
Basic EPS (Note H) (in dollars per share) $ 1.33 $ 1.04 $ 2.43 $ 3.38
Diluted EPS (Note H) (in dollars per share) $ 1.33 $ 1.04 $ 2.42 $ 3.38
Average shares (millions)        
Basic (in shares) 584.6 448.3 584.4 448.2
Diluted (in shares) 585.8 449.0 585.7 449.0
Commodity sales        
Revenues        
Total revenues (Note K) $ 3,994 $ 3,371 $ 7,922 $ 7,527
Services        
Revenues        
Total revenues (Note K) $ 900 $ 361 $ 1,753 $ 726