Q2 2022 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$896M+31.7% YoY

Gross Profit

$176M19.7% margin

Operating Income

$87M9.7% margin

Net Income

$53M5.9% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+14.1%

Cash Flow

Operating Cash Flow

-$18M

Free Cash Flow

-$87M

Stock-Based Comp.

Balance Sheet

Total Assets

$16.0B

Total Liabilities

$13.7B

Stockholders' Equity

$2.3B

Cash & Equivalents

$165M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$896M	$680M	+31.7%
Gross Profit	$176M	$102M	+73.1%
Operating Income	$87M	$102M	-14.9%
Net Income	$53M	$64M	-18.3%

Revenue Segments

Electric Energy Sales, Large Light And Power

$294M33%

Electric Energy Sales, Commercial

$265M30%

Electric Energy Sales, Residential

$259M29%

Bank Interest And Dividend Income

$63M7%

Bank Fees

$12M1%

Product and Service, Other

$8M1%

Electric Energy Sales, Other

$5M1%

Other Sales

$1M0%

Other Bank Noninterest Income

$705,0000%

Regulatory Revenue

-$11M-1%