Q1 2024 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$792M-14.7% YoY

Gross Profit

$141M17.8% margin

Operating Income

$51M6.4% margin

Net Income

$42M5.3% margin

EPS (Diluted)

$0.38

QoQ Revenue Growth

+41.0%

Cash Flow

Operating Cash Flow

$125M

Free Cash Flow

$25M

Stock-Based Comp.

$842,000

Balance Sheet

Total Assets

$16.9B

Total Liabilities

$14.5B

Stockholders' Equity

$2.4B

Cash & Equivalents

$503M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$792M	$928M	-14.7%
Gross Profit	$141M	$188M	-25.1%
Operating Income	$51M	$94M	-45.6%
Net Income	$42M	$55M	-23.0%

Revenue Segments

Electric Energy Sales, Large Light And Power

$271M30%

Electric Energy Sales, Commercial

$242M27%

Electric Energy Sales, Residential

$242M27%

Bank Interest And Dividend Income

$88M10%

Regulatory Revenue

$21M2%

Bank Fees

$13M1%

Product and Service, Other

$8M1%

Electric Energy Sales, Other

$5M1%

Other Bank Noninterest Income

$5M1%

Other Sales

$3M0%