Berkshire's Energy Holdings Outperform Most Stand-Alone Utilities
Berkshire Hathaway’s energy division is proving highly profitable, contributing significantly to the conglomerate’s overall earnings. In the first half of 2026 alone, Berkshire Hathaway Energy generated $11.2 billion in revenue and over $2 billion in after-tax profits. The business serves 13 million customers through subsidiaries like PacifiCorp, MidAmerican Energy, and NV Energy, while also owning interests in natural gas pipeline networks. Though not the largest utility by sales compared to Duke or NextEra Energy, Berkshire Hathaway Energy is positioned for growth as it capitalizes on rising demand from AI data centers. CEO Greg Abel highlighted energy’s critical role in powering these facilities during a recent interview with CNBC and emphasized that permitting delays are currently limiting expansion. Abel has deep experience leading the division since its acquisition by Berkshire in 1999, suggesting he may prioritize further growth for this segment.
Topics: Berkshire Hathaway Energy Holdings Net Operating Earnings