Q1 2022 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$6.6B+12.5% YoY

Gross Profit

$2.6B39.5% margin

Operating Income

$1.4B20.8% margin

Net Income

$1.0B15.6% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

+15.3%

Cash Flow

Operating Cash Flow

$1.6B

Free Cash Flow

$173M

Stock-Based Comp.

$85M

Balance Sheet

Total Assets

$128.6B

Total Liabilities

$95.7B

Stockholders' Equity

$28.6B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.6B	$5.9B	+12.5%
Gross Profit	$2.6B	$2.8B	-6.8%
Operating Income	$1.4B	$1.6B	-13.4%
Net Income	$1.0B	$1.1B	-9.0%

Revenue Segments

Natural Gas

$2.1B33%

Natural Gas Distribution

$1.8B29%

Natural Gas Distribution - Residential

$1.0B17%

Natural Gas Distribution - Transportation

$337M5%

Natural Gas Distribution - Commercial

$270M4%

Other Natural Gas

$259M4%

Other Natural Gas - Gas Marketing Services

$243M4%

Natural Gas Distribution - Other

$129M2%

Natural Gas Distribution - Industrial

$32M1%

Other Natural Gas - Other Natural Gas Revenues

$16M0%