Q2 2020 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$4.6B-9.4% YoY

Gross Profit

$2.4B51.5% margin

Operating Income

$1.1B22.9% margin

Net Income

$612M13.2% margin

EPS (Diluted)

$0.58

QoQ Revenue Growth

-7.9%

Cash Flow

Operating Cash Flow

$2.0B

Free Cash Flow

$311M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$119.7B

Total Liabilities

$87.5B

Stockholders' Equity

$28.0B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.6B	$5.1B	-9.4%
Gross Profit	$2.4B	$2.4B	-1.7%
Operating Income	$1.1B	$1.4B	-26.1%
Net Income	$612M	$899M	-31.9%

Revenue Segments

Natural Gas Distribution

$585M30%

Other Natural Gas

$406M20%

Other Natural Gas - Wholesale Gas Services

$341M17%

Natural Gas Distribution - Residential

$239M12%

Natural Gas Distribution - Transportation

$234M12%

Natural Gas Distribution - Commercial

$58M3%

Other Natural Gas - Gas Marketing Services

$57M3%

Natural Gas Distribution - Other

$49M2%

Other Natural Gas - Other Natural Gas Revenues

$8M0%

Natural Gas Distribution - Industrial

$5M0%