Q3 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$8.4B+34.3% YoY

Gross Profit

$3.4B40.5% margin

Operating Income

$2.2B26.2% margin

Net Income

$1.5B17.6% margin

EPS (Diluted)

$1.35

QoQ Revenue Growth

+16.3%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

-$851M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$134.0B

Total Liabilities

$98.3B

Stockholders' Equity

$31.2B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.4B	$6.2B	+34.3%
Gross Profit	$3.4B	$3.1B	+10.7%
Operating Income	$2.2B	$1.7B	+27.3%
Net Income	$1.5B	$1.1B	+33.7%

Revenue Segments

Natural Gas

$857M34%

Natural Gas Distribution

$744M29%

Natural Gas Distribution - Residential

$331M13%

Natural Gas Distribution - Transportation

$259M10%

Other Natural Gas

$99M4%

Natural Gas Distribution - Commercial

$93M4%

Other Natural Gas - Gas Marketing Services

$84M3%

Natural Gas Distribution - Other

$49M2%

Other Natural Gas - Other Natural Gas Revenues

$15M1%

Natural Gas Distribution - Industrial

$12M0%