Q1 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$6.5B-2.5% YoY

Gross Profit

$2.7B42.0% margin

Operating Income

$1.2B18.8% margin

Net Income

$862M13.3% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-8.0%

Cash Flow

Operating Cash Flow

$844M

Free Cash Flow

-$1.1B

Stock-Based Comp.

Balance Sheet

Total Assets

$134.8B

Total Liabilities

$100.2B

Stockholders' Equity

$30.5B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.5B	$6.6B	-2.5%
Gross Profit	$2.7B	$2.6B	+3.7%
Operating Income	$1.2B	$1.4B	-12.0%
Net Income	$862M	$1.0B	-16.5%

Revenue Segments

Natural Gas

$1.9B34%

Natural Gas Distribution

$1.6B29%

Natural Gas Distribution - Residential

$896M16%

Natural Gas Distribution - Transportation

$319M6%

Other Natural Gas

$242M4%

Natural Gas Distribution - Commercial

$232M4%

Other Natural Gas - Gas Marketing Services

$231M4%

Natural Gas Distribution - Other

$117M2%

Natural Gas Distribution - Industrial

$23M0%

Other Natural Gas - Other Natural Gas Revenues

$11M0%