Q4 2023 Earnings

Utilities Diversified Utilities

Income Statement

Revenue

$562M-44.9% YoY

Gross Profit

$84M14.9% margin

Operating Income

$13M2.4% margin

Net Income

$49M8.7% margin

EPS (Diluted)

$0.44

QoQ Revenue Growth

-37.7%

Cash Flow

Operating Cash Flow

$76M

Free Cash Flow

-$24M

Stock-Based Comp.

Balance Sheet

Total Assets

$17.2B

Total Liabilities

$14.9B

Stockholders' Equity

$2.4B

Cash & Equivalents

$259M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$562M	$1.0B	-44.9%
Gross Profit	$84M	$200M	-58.2%
Operating Income	$13M	$93M	-85.6%
Net Income	$49M	$57M	-14.9%

Revenue Segments

Electric Energy Sales, Large Light And Power

$286M30%

Electric Energy Sales, Commercial

$282M29%

Electric Energy Sales, Residential

$273M29%

Bank Interest And Dividend Income

$88M9%

Bank Fees

$12M1%

Electric Energy Sales, Other

$5M1%

Other Sales

$4M0%

Product and Service, Other

$4M0%

Other Bank Noninterest Income

$3M0%

Regulatory Revenue

-$8,000-0%