Q2 2023 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$896M+0.0% YoY

Gross Profit

$184M20.6% margin

Operating Income

$179M20.0% margin

Net Income

$55M6.1% margin

EPS (Diluted)

$0.50

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

$191M

Free Cash Flow

$79M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$16.5B

Total Liabilities

$14.2B

Stockholders' Equity

$2.3B

Cash & Equivalents

$319M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$896M	$896M	+0.0%
Gross Profit	$184M	$176M	+4.6%
Operating Income	$179M	$87M	+106.7%
Net Income	$55M	$53M	+3.9%

Revenue Segments

Electric Energy Sales, Large Light And Power

$280M31%

Electric Energy Sales, Commercial

$250M28%

Electric Energy Sales, Residential

$240M27%

Bank Interest And Dividend Income

$82M9%

Bank Fees

$12M1%

Product and Service, Other

$11M1%

Regulatory Revenue

$9M1%

Electric Energy Sales, Other

$4M1%

Other Sales

$4M0%

Other Bank Noninterest Income

$3M0%