Total Revenue

Decreased ~6.8% sequentially (from $2,642M in Q3 2024 to $2,465M in Q4 2024)

Revenue declined in Q4 2024 compared to the prior quarter, reflecting a retraction in operating revenues that had driven previous gains—after Q3 2024’s strong performance (bolstered by higher operating revenues, MTM gains and favorable pricing), seasonal or operational factors contributed to the lower $2,465M revenue in Q4. " "

Operating Income (EBIT)

Declined significantly (from about $641M in Q3 2024 to $445M in Q4 2024)

Operating Income fell as the robust margins from favorable generation pricing and MTM gains witnessed in Q3 2024 were not sustained; lower operating revenues and tighter margins in Q4 2024 reduced EBIT to $445M, indicating challenges in sustaining prior period cost advantages and credit benefits like the nuclear tax credit. " "

Net Income

Dropped from approximately $520M in Q3 2024 to $286M in Q4 2024

Net Income reduced markedly in Q4 2024 relative to the previous period, as the positive impacts from higher energy margins, trust investments, and favorable MTM adjustments seen earlier were less pronounced; this resulted in a decrease in EPS to $0.57, underlining the sensitivity to seasonal energy market dynamics and the absence of prior period one‐time benefits. " "

Capital Expenditures

Dramatically increased outflow to –$5,537M in Q4 2024 compared to prior moderate levels

CapEx surged in Q4 2024, with a massive outlay of –$5,537M reflecting aggressive investment in asset acquisitions, system reliability upgrades, and energy efficiency initiatives; this contrasts with earlier periods (e.g., Q3 2023’s ahead‐of‐schedule investments and moderate increases) and signals a strategic long-term commitment to infrastructure and clean energy improvements. " "

Long‑Term Debt

Slight decrease (from about $21,360M in Q3 2024 to $21,114M in Q4 2024)

Long‑Term Debt declined modestly as targeted retirements partially offset new debt issuances; this active refinancing approach builds on previous periods’ financing activities, reflecting a continued emphasis on managing the leverage profile despite heavy capital investments. " "

Shareholders’ Equity

Slightly increased, reaching $16,114M in Q4 2024 (up marginally from prior period)

Equity improved modestly as incremental net income contributed to higher retained earnings; however, the upward trend was tempered by large CapEx outlays and dividend payments, similar to prior period dynamics where strong net performance and positive comprehensive income had boosted equity levels. " "