Dominion Gas Holdings, LLC

CIK:0001603291|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating revenue:
Revenues	$ 6,686	$ 6,394	$ 13,358	$ 12,760
Energy:
Cost of sales	1,376	1,434	3,046	2,965
Operations and maintenance	1,412	1,392	2,710	2,641
Depreciation and amortization	1,131	1,129	2,257	2,235
Property and other taxes	239	225	480	451
Real estate	1,250	1,210	2,129	2,081
Total operating expenses	5,408	5,390	10,622	10,373
Operating income	1,278	1,004	2,736	2,387
Other income (expense):
Interest expense	(791)	(709)	(1,537)	(1,395)
Capitalized interest	47	45	92	85
Allowance for equity funds	94	81	174	147
Interest and dividend income	67	63	121	125
Gains on marketable securities, net	20	16	15	119
Other, net	61	45	53	30
Total other income (expense)	(502)	(459)	(1,082)	(889)
Income before income tax expense (benefit) and equity income (loss)	776	545	1,654	1,498
Income tax expense (benefit)	(333)	(357)	(763)	(756)
Equity income (loss)	(172)	(160)	(306)	(280)
Net income	937	742	2,111	1,974
Net income attributable to noncontrolling interests	46	40	106	85
Net income (loss) attributable to parent	891	702	2,005	1,889
Preferred dividends	0	0	0	3
Earnings on common shares	891	702	2,005	1,886
Energy
Operating revenue:
Revenues	5,413	5,130	11,223	10,636
Real estate
Operating revenue:
Revenues	$ 1,273	$ 1,264	$ 2,135	$ 2,124

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 2,111	$ 1,974
Adjustments to reconcile net income to net cash flows from operating activities:
Gains on marketable securities, net	(15)	(119)
Depreciation and amortization	2,275	2,255
Allowance for equity funds	(174)	(147)
Equity (income) loss, net of distributions	332	332
Net power cost deferrals	(73)	(61)
Amortization of net power cost deferrals	458	430
Other changes in regulatory assets and liabilities	118	(162)
Deferred income taxes and investment tax credits, net	323	(107)
Other, net	21	158
Changes in other operating assets and liabilities, net of effects from acquisitions:
Trade receivables and other assets	(509)	(405)
Derivative collateral, net	(15)	14
Pension and other postretirement benefit plans	(6)	(6)
Accrued property, income and other taxes, net	293	107
Accounts payable and other liabilities	123	114
Wildfires insurance receivable	0	98
Wildfires liability	(589)	(155)
Net cash flows from operating activities	4,673	4,320
Cash flows from investing activities:
Capital expenditures	(4,949)	(4,573)
Purchases of marketable securities	(280)	(238)
Proceeds from sales of marketable securities	351	811
Purchases of U.S. Treasury Bills	(289)	(39)
Proceeds from maturities of U.S. Treasury Bills	43	0
Equity method investments	(20)	(45)
Other, net	35	13
Net cash flows from investing activities	(5,109)	(4,071)
Cash flows from financing activities:
Preferred stock redemptions	0	(481)
Preferred dividends	0	(3)
Repayments of BHE senior debt	0	(1,650)
Proceeds from subsidiary debt	4,564	2,670
Repayments of subsidiary debt	(1,253)	(388)
Net (repayments of) proceeds from short-term debt	(609)	551
Distributions to noncontrolling interests	(115)	(96)
Other, net	219	(31)
Net cash flows from financing activities	2,806	572
Effect of exchange rate changes	(10)	13
Net change in cash and cash equivalents and restricted cash and cash equivalents	2,360	834
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period	1,878	1,586
Cash and cash equivalents and restricted cash and cash equivalents at end of period	$ 4,238	$ 2,420

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 4,072	$ 1,695
Investments and restricted cash and cash equivalents	479	254
Trade receivables, net	2,746	2,678
Inventories	2,183	2,105
Mortgage loans held for sale	889	698
Regulatory assets	429	892
Prepayments	723	546
Assets held for sale	2,008	0
Other current assets	381	769
Total current assets	13,910	9,637
Property, plant and equipment, net	113,039	112,368
Goodwill	11,374	11,521
Regulatory assets	3,956	3,929
Investments and restricted cash and cash equivalents and investments	7,336	7,608
Other assets	4,414	3,264
Total assets	154,029	148,327
Current liabilities:
Accounts payable	3,029	3,389
Accrued interest	877	797
Accrued property, income and other taxes	812	745
Accrued employee expenses	455	345
Short-term debt	1,374	1,997
Current portion of long-term debt	628	1,455
Wildfires liabilities	155	734
Liabilities held for sale	246	0
Other current liabilities	2,078	1,930
Total current liabilities	9,654	11,392
BHE senior debt	11,463	11,461
Subsidiary senior debt	45,036	42,759
Subsidiary junior subordinated debt	3,266	1,584
Regulatory liabilities	6,646	6,772
Deferred income taxes	13,114	12,999
Wildfires liabilities	417	427
Other long-term liabilities	7,312	5,624
Total liabilities	96,908	93,018
Commitments and contingencies
BHE shareholders' equity:
Preferred stock	0	0
Common stock	0	0
Additional paid-in capital	5,563	5,558
Retained earnings	52,355	50,351
Accumulated other comprehensive loss, net	(2,035)	(1,844)
Total BHE shareholder's equity	55,883	54,065
Noncontrolling interests	1,238	1,244
Total equity	57,121	55,309
Total liabilities and equity	$ 154,029	$ 148,327