Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.7B-20.2% YoY

Gross Profit

$2.7B47.7% margin

Operating Income

$1.3B22.4% margin

Net Income

$838M14.6% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

-11.3%

Cash Flow

Operating Cash Flow

$2.1B

Free Cash Flow

-$127M

Stock-Based Comp.

Balance Sheet

Total Assets

$137.1B

Total Liabilities

$102.5B

Stockholders' Equity

$30.7B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.7B	$7.2B	-20.2%
Gross Profit	$2.7B	$3.0B	-7.6%
Operating Income	$1.3B	$1.7B	-22.1%
Net Income	$838M	$1.1B	-24.3%

Revenue Segments

Natural Gas

$852M34%

Natural Gas Distribution

$753M30%

Natural Gas Distribution - Residential

$330M13%

Natural Gas Distribution - Transportation

$284M11%

Natural Gas Distribution - Commercial

$82M3%

Other Natural Gas

$81M3%

Other Natural Gas - Gas Marketing Services

$73M3%

Natural Gas Distribution - Other

$51M2%

Other Natural Gas - Other Natural Gas Revenues

$8M0%

Natural Gas Distribution - Industrial

$6M0%