# Berkshire Hathaway Energy Company

> Other, electric, gas & sanitary services · United States · US GAAP · Fiscal year ends December
>
> Latest report: Q3 FY2026, the quarter ended 30 September 2026, released 9 November 2026. Snapshot FY2026Q3_cad6e1ea.

Page: https://annalist.io/company/berkshire-hathaway-energy/

Identifiers: LEI 549300JD0S5IZJE9LY15, CIK 0001081316

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $7.7bn | 7744000000 | USD | +6.9% year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Operating income, quarter | $1.8bn | 1805000000 | USD | +20.7% year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Net income, quarter | $1.6bn | 1612000000 | USD | +8.3% year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2026-09 |
| Operating margin, last 4 quarters | 20.2% | 20.1605 | % | +1.5pp year on year | FY2026 Q3 | 2026-09-30 | 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09 |
| Return on equity, last 4 quarters | 7.8% | 7.7694 | % | −0.2pp year on year | FY2026 Q3 | 2026-09-30 | 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 30 September 2026 was US$7.7 billion, 6.9% higher than in the same quarter a year earlier. [Strengthened in Q3 FY2026] Sources: 10-Q 2026-09.
- Net income attributable to the company was US$1.6 billion, 8.3% higher than in the same quarter a year earlier. [Weakened in Q3 FY2026] Sources: 10-Q 2026-09.
- The operating margin over the last 4 quarters was 20.2%, 1.5 percentage points higher than a year earlier. [Strengthened in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Return on equity over the last 4 quarters was 7.8%, against 8.0% a year earlier. [Weakened in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2024-09.
- Purchases of property, plant and equipment exceeded operating cash flow by US$1.6 billion over the last 4 quarters. [Weakened in Q3 FY2026] Sources: 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06, 10-Q 2026-09.
- Cash, short-term investments and operating cash flow over the last 4 quarters equalled 1.1 times the sum of debt due within 12 months, capital expenditure and dividends. [New in Q3 FY2026] Sources: 10-Q 2026-09, 10-K 2025-12, 10-Q 2025-09, 10-Q 2026-03, 10-Q 2026-06.
- Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.1% of average total assets. [Confirmed in Q3 FY2026] Sources: 10-Q 2025-09, 10-Q 2026-09, 10-K 2025-12, 10-Q 2026-03, 10-Q 2026-06.
- The Altman Z'' score for fiscal 2025 was 1.87, between the distress threshold of 1.10 and the safe threshold of 2.60. [Confirmed in FY2025] Sources: 10-Q 2026-09, 10-K 2025-12.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2025 | 2025-12-31 | Revenue | $26.2bn | 26198000000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-31 | Operating income | $4.8bn | 4845000000 | USD | 10-K 2025-12 |
| FY2025 | 2025-12-31 | Net income attributable to the company | $4.1bn | 4069000000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Revenue | $25.9bn | 25920000000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Operating income | $4.3bn | 4346000000 | USD | 10-K 2025-12 |
| FY2024 | 2024-12-31 | Net income attributable to the company | $4.3bn | 4300000000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Revenue | $25.6bn | 25602000000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Operating income | $2.8bn | 2780000000 | USD | 10-K 2025-12 |
| FY2023 | 2023-12-31 | Net income attributable to the company | $3.0bn | 3020000000 | USD | 10-K 2025-12 |
| FY2022 | 2022-12-31 | Revenue | $26.3bn | 26337000000 | USD | 10-K 2024-12 |
| FY2022 | 2022-12-31 | Operating income | $5.2bn | 5241000000 | USD | 10-K 2024-12 |
| FY2022 | 2022-12-31 | Net income attributable to the company | $2.7bn | 2721000000 | USD | 10-K 2024-12 |
| FY2021 | 2021-12-31 | Revenue | $25.1bn | 25150000000 | USD | 10-K 2023-12 |
| FY2021 | 2021-12-31 | Operating income | $5.3bn | 5327000000 | USD | 10-K 2023-12 |
| FY2021 | 2021-12-31 | Net income attributable to the company | $5.8bn | 5790000000 | USD | 10-K 2023-12 |

## Source Documents

- 10-Q 2026-09: Form 10-Q, period ended 30 September 2026, 9 Nov 2026 (https://www.sec.gov/Archives/edgar/data/1081316/000108131626000026/bhe-20260930.htm)
- 10-K 2025-12: Form 10-K, period ended 31 December 2025, 2 Mar 2026 (https://www.sec.gov/Archives/edgar/data/1081316/000108131626000003/bhe-20251231.htm)
- 10-Q 2025-09: Form 10-Q, period ended 30 September 2025, 3 Nov 2025 (https://www.sec.gov/Archives/edgar/data/1081316/000108131625000022/bhe-20250930.htm)
- 10-Q 2026-03: Form 10-Q, period ended 31 March 2026, 4 May 2026 (https://www.sec.gov/Archives/edgar/data/1081316/000108131626000013/bhe-20260331.htm)
- 10-Q 2026-06: Form 10-Q, period ended 30 June 2026, 10 Aug 2026 (https://www.sec.gov/Archives/edgar/data/1081316/000108131626000017/bhe-20260630.htm)
- 10-Q 2024-09: Form 10-Q, period ended 30 September 2024, 4 Nov 2024 (https://www.sec.gov/Archives/edgar/data/1081316/000108131624000022/bhe-20240930.htm)
- 10-K 2024-12: Form 10-K, period ended 31 December 2024, 24 Feb 2025 (https://www.sec.gov/Archives/edgar/data/1081316/000108131625000004/bhe-20241231.htm)
- 10-K 2023-12: Form 10-K, period ended 31 December 2023, 26 Feb 2024 (https://www.sec.gov/Archives/edgar/data/1081316/000108131624000003/bhe-20231231.htm)

## Reliability

- 262 checks compare these figures with other official figures; 0 failed.
- 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/berkshire-hathaway-energy/snapshots.json

## Cite

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## Full Data

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## Peers

- [Publix Super Markets, Inc.](https://annalist.io/company/publix/brief.md)
- [Side by side](https://annalist.io/compare/?c=berkshire-hathaway-energy,publix)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.