Utilities
Utilities - Regulated Electric
$41.34B
12.5K
Key insights and themes extracted from this filing
Operating revenues reached $2.642 billion, up from $2.456 billion in the same quarter last year, indicating solid top-line growth. This growth was driven by increases in both electric and gas revenues.
Net income was $520 million, a substantial increase compared to $139 million in the same quarter last year. This is primarily due to a significant decrease in net non-operating pension and OPEB costs.
Operating income increased to $641 million from $551 million in the same quarter last year, showing improvement in the core business operations.