Q4 2021 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.8B+12.7% YoY

Gross Profit

$1.8B31.4% margin

Operating Income

-$331M-5.7% margin

Net Income

-$215M-3.7% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

-7.6%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

-$1.1B

Stock-Based Comp.

Balance Sheet

Total Assets

$127.5B

Total Liabilities

$95.0B

Stockholders' Equity

$28.2B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.8B	$5.1B	+12.7%
Gross Profit	$1.8B	$2.1B	-12.9%
Operating Income	-$331M	$729M	-145.4%
Net Income	-$215M	$387M	-155.6%

Revenue Segments

Other Adjustments

$5.1B42%

Natural Gas Distribution

$2.4B20%

Other Natural Gas

$2.0B16%

Natural Gas Distribution - Residential

$1.3B10%

Natural Gas Distribution - Transportation

$552M5%

Other Natural Gas - Gas Marketing Services

$356M3%

Natural Gas Distribution - Commercial

$342M3%

Natural Gas Distribution - Other

$179M1%

Natural Gas Distribution - Industrial

$35M0%

Other Natural Gas - Other Natural Gas Revenues

$15M0%