$XELLL
NORTHERN STATES POWER CO /MN/
CIK:0000072903|SEC Filings
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Operating revenues | ||||||
| Electric | $ 2,740 | $ 2,878 | $ 5,716 | $ 5,713 | ||
| Natural gas | 365 | 396 | 1,395 | 1,451 | ||
| Other | 14 | 13 | 29 | 29 | ||
| Total operating revenues | 3,119 | 3,287 | 7,140 | 7,193 | ||
| Operating expenses | ||||||
| Electric fuel and purchased power | 678 | 918 | 1,697 | 1,938 | ||
| Cost of natural gas sold and transported | 93 | 134 | 613 | 647 | ||
| Cost of sales — other | 2 | 1 | 5 | 3 | ||
| Operating and maintenance expenses | 691 | 675 | 1,366 | 1,361 | ||
| Conservation and demand side management expenses | 107 | 88 | 228 | 198 | ||
| Depreciation and amortization | 662 | 722 | 1,430 | 1,450 | ||
| Taxes, Other | 177 | 172 | 360 | 342 | ||
| Marshall Wildfire litigation | 3 | 0 | (19) | 0 | ||
| Total operating expenses | 2,413 | 2,710 | 5,680 | 5,939 | ||
| Operating income | 706 | 577 | 1,460 | 1,254 | ||
| Other income, net | 37 | 68 | 59 | 75 | ||
| Earnings (loss) from equity method investments | 76 | (8) | 89 | (9) | ||
| Allowance for funds used during construction — equity | 105 | 69 | 197 | 117 | ||
| Interest charges and financing costs | ||||||
| Interest charges — includes other financing costs | 443 | 349 | 855 | 681 | ||
| Allowance for funds used during construction — debt | (45) | (27) | (85) | (50) | ||
| Total interest charges and financing costs | 398 | 322 | 770 | 631 | ||
| Income before income taxes | 526 | 384 | 1,035 | 806 | ||
| Income tax benefit | (60) | (60) | (107) | (121) | ||
| Net income | $ 586 | $ 444 | $ 1,142 | $ 927 | ||
| Weighted average common shares outstanding: | ||||||
| Basic (in shares) | 625 | 586 | 625 | 580 | ||
| Diluted (in shares) | [1] | 627 | 588 | 627 | 582 | |
| Earnings per average common share: | ||||||
| Basic (in dollars per share) | $ 0.94 | $ 0.76 | $ 1.83 | $ 1.60 | ||
| Diluted (in dollars per share) | $ 0.93 | $ 0.75 | $ 1.82 | $ 1.59 | ||
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