Q1 2021 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.9B+17.8% YoY

Gross Profit

$2.8B47.7% margin

Operating Income

$1.6B27.0% margin

Net Income

$1.1B19.2% margin

EPS (Diluted)

$1.07

QoQ Revenue Growth

+15.5%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

-$521M

Stock-Based Comp.

Balance Sheet

Total Assets

$125.4B

Total Liabilities

$92.0B

Stockholders' Equity

$28.8B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.9B	$5.0B	+17.8%
Gross Profit	$2.8B	$2.4B	+16.9%
Operating Income	$1.6B	$1.3B	+26.5%
Net Income	$1.1B	$868M	+30.8%

Revenue Segments

Other Natural Gas

$1.8B30%

Other Natural Gas - Wholesale Gas Services

$1.6B27%

Natural Gas Distribution

$1.2B20%

Natural Gas Distribution - Residential

$614M10%

Natural Gas Distribution - Transportation

$288M5%

Other Natural Gas - Gas Marketing Services

$194M3%

Natural Gas Distribution - Commercial

$170M3%

Natural Gas Distribution - Other

$97M2%

Natural Gas Distribution - Industrial

$16M0%

Other Natural Gas - Other Natural Gas Revenues

$7M0%