Q3 2023 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$902M-13.5% YoY

Gross Profit

$171M18.9% margin

Operating Income

$75M8.3% margin

Net Income

$41M4.6% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$104M

Free Cash Flow

-$3M

Stock-Based Comp.

Balance Sheet

Total Assets

$17.0B

Total Liabilities

$14.7B

Stockholders' Equity

$2.3B

Cash & Equivalents

$682M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$902M	$1.0B	-13.5%
Gross Profit	$171M	$102M	+67.2%
Operating Income	$75M	$102M	-26.4%
Net Income	$41M	$63M	-34.3%

Revenue Segments

Electric Energy Sales, Large Light And Power

$285M32%

Electric Energy Sales, Commercial

$258M29%

Electric Energy Sales, Residential

$258M29%

Bank Interest And Dividend Income

$86M9%

Bank Fees

$12M1%

Product and Service, Other

$12M1%

Other Sales

$5M1%

Electric Energy Sales, Other

$5M1%

Other Bank Noninterest Income

$3M0%

Regulatory Revenue

-$21M-2%