In millions of USD; shares in millions, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q3 FY2021
As of Sep 30, 2021
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash
Trade accounts receivable — net
Income taxes receivable
Inventories — net
Materials and supplies
Fuel stock and natural gas in storage
Total inventories — net
Commodity and other derivative contractual assets
Margin deposits related to commodity contracts
Uplift securitization proceeds receivable from ERCOT
Margin deposits posted under affiliate financing agreement
Assets held for sale
Prepaid expense and other current assets
Total current assets
Restricted cash
Investments
Property, plant, and equipment — net
Operating lease right-of-use assets
Goodwill
Identifiable intangible assets — net
Commodity and other derivative contractual assets
Accumulated deferred income taxes
Other noncurrent assets
Total assets
LIABILITIES AND EQUITY
Current liabilities:
Short-term borrowings
Accounts receivable financing
Long-term debt due currently
Forward repurchase obligation due currently
Trade accounts payable
Commodity and other derivative contractual liabilities
Margin deposits related to commodity contracts
Accrued income taxes
Accrued taxes other than income
Accrued interest
Asset retirement obligations
Operating lease liabilities
Liabilities held for sale
Other current liabilities
Total current liabilities
Margin deposits financing with affiliate
Long-term debt, less amounts due currently
Operating lease liabilities
Forward repurchase obligation, less amounts due currently
Commodity and other derivative contractual liabilities
Accumulated deferred income taxes
Tax Receivable Agreement obligation
Asset retirement obligations
Other noncurrent liabilities and deferred credits
Total liabilities
Redeemable noncontrolling interest
Preferred stock, shares outstanding (in shares)
Preferred sock, liquidation preference
Total equity:
Preferred stock (100,000,000 shares authorized, $1,000 liquidation preference per share, 2,476,066 shares outstanding at both June 30, 2026 and December 31, 2025, respectively)
Common stock (par value $0.01 per share, 1,800,000,000 shares authorized, 335,961,328 and 338,059,635 shares outstanding at June 30, 2026 and December 31, 2025, respectively)
Treasury stock, at cost (220,121,017 and 215,599,525 shares at June 30, 2026 and December 31, 2025, respectively)
