Q1 2020 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.0B-7.3% YoY

Gross Profit

$2.4B48.0% margin

Operating Income

$1.3B25.2% margin

Net Income

$868M17.3% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$894M

Free Cash Flow

-$735M

Stock-Based Comp.

Balance Sheet

Total Assets

$118.9B

Total Liabilities

$86.6B

Stockholders' Equity

$28.0B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.0B	$5.4B	-7.3%
Gross Profit	$2.4B	$2.3B	+6.0%
Operating Income	$1.3B	$1.3B	+0.2%
Net Income	$868M	$2.1B	-58.3%

Revenue Segments

Natural Gas Distribution

$999M32%

Other Natural Gas

$566M18%

Natural Gas Distribution - Residential

$496M16%

Other Natural Gas - Wholesale Gas Services

$396M13%

Natural Gas Distribution - Transportation

$264M8%

Other Natural Gas - Gas Marketing Services

$163M5%

Natural Gas Distribution - Commercial

$130M4%

Natural Gas Distribution - Other

$97M3%

Natural Gas Distribution - Industrial

$12M0%

Other Natural Gas - Other Natural Gas Revenues

$7M0%