Q1 2022 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$785M+22.1% YoY

Gross Profit

$178M22.7% margin

Operating Income

$99M12.6% margin

Net Income

$69M8.8% margin

EPS (Diluted)

$0.63

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$93M

Free Cash Flow

$13M

Stock-Based Comp.

Balance Sheet

Total Assets

$15.9B

Total Liabilities

$13.6B

Stockholders' Equity

$2.3B

Cash & Equivalents

$308M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$785M	$643M	+22.1%
Gross Profit	$178M	$98M	+82.0%
Operating Income	$99M	$98M	+1.3%
Net Income	$69M	$65M	+6.7%

Revenue Segments

Electric Energy Sales, Large Light And Power

$241M31%

Electric Energy Sales, Residential

$225M29%

Electric Energy Sales, Commercial

$220M28%

Bank Interest And Dividend Income

$60M8%

Bank Fees

$13M2%

Regulatory Revenue

$13M2%

Product and Service, Other

$9M1%

Other Bank Noninterest Income

$2M0%

Electric Energy Sales, Other

$1M0%

Other Sales

$1M0%