Q1 2020 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$3.9B+2.1% YoY

Gross Profit

$2.0B49.6% margin

Operating Income

$368M9.3% margin

Net Income

-$270M-6.9% margin

EPS (Diluted)

$-0.32

QoQ Revenue Growth

-12.0%

Cash Flow

Operating Cash Flow

$1.6B

Free Cash Flow

$163M

Stock-Based Comp.

Balance Sheet

Total Assets

$104.1B

Total Liabilities

$71.4B

Stockholders' Equity

$30.7B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.9B	$3.9B	+2.1%
Gross Profit	$2.0B	$1.3B	+50.8%
Operating Income	$368M	-$482M	+176.3%
Net Income	-$270M	-$680M	+60.3%

Revenue Segments

Regulated Gas Transportation And Storage

$344M32%

Nonregulated Electricity Sales

$232M22%

Nonregulated Gas Transportation And Storage

$175M16%

Other Nonregulated Revenues

$88M8%

Nonregulated Gas Operations

$83M8%

Other Regulated Revenues

$75M7%

Alternative Revenue Programs

$36M3%

Management Service

$31M3%

Renewable Energy Investment Tax Credits

$4M0%

Nonregulated Gas Sale

$1M0%