Q1 2023 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$928M+18.2% YoY

Gross Profit

$188M20.3% margin

Operating Income

$94M10.1% margin

Net Income

$55M5.9% margin

EPS (Diluted)

$0.50

QoQ Revenue Growth

-8.9%

Cash Flow

Operating Cash Flow

$181M

Free Cash Flow

$57M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$16.4B

Total Liabilities

$14.2B

Stockholders' Equity

$2.3B

Cash & Equivalents

$320M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$928M	$785M	+18.2%
Gross Profit	$188M	$178M	+5.6%
Operating Income	$94M	$99M	-5.8%
Net Income	$55M	$69M	-20.9%

Revenue Segments

Electric Energy Sales, Large Light And Power

$291M31%

Electric Energy Sales, Residential

$256M28%

Electric Energy Sales, Commercial

$254M27%

Bank Interest And Dividend Income

$79M9%

Regulatory Revenue

$16M2%

Bank Fees

$12M1%

Product and Service, Other

$8M1%

Electric Energy Sales, Other

$5M1%

Other Sales

$4M0%

Other Bank Noninterest Income

$2M0%