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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Natural gas $ 2,320 $ 1,777
Electric 1,117 1,068
Energy-related businesses 383 414
Total revenues 3,820 3,259
Operating expenses    
Operation and maintenance (1,086) (1,001)
Aliso Canyon litigation and regulatory matters (92) 0
Depreciation and amortization (493) (442)
Franchise fees and other taxes (162) (153)
Other income, net 38 35
Interest income 25 19
Interest expense (243) (259)
Income before income taxes and equity earnings 665 768
Income tax expense (334) (158)
Equity earnings 326 318
Net income 657 928
Earnings attributable to noncontrolling interests (34) (33)
Preferred dividends (11) (21)
Earnings attributable to common shares $ 612 $ 874
Basic EPS:    
Earnings (in dollars per share) $ 1.93 $ 2.91
Weighted-average common shares outstanding (in shares) 316,353 300,905
Diluted EPS:    
Earnings (in dollars per share) $ 1.93 $ 2.87
Weighted-average common shares outstanding (in shares) 317,434 308,458
Natural gas    
Operating expenses    
Operating expenses $ (802) $ (349)
Electric fuel and purchased power    
Operating expenses    
Operating expenses (205) (232)
Energy-related businesses    
Operating expenses    
Operating expenses $ (135) $ (109)