Q2 2021 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.2B+12.5% YoY

Gross Profit

$2.4B45.4% margin

Operating Income

$708M13.6% margin

Net Income

$376M7.2% margin

EPS (Diluted)

$0.35

QoQ Revenue Growth

-12.0%

Cash Flow

Operating Cash Flow

$1.7B

Free Cash Flow

-$44M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$125.9B

Total Liabilities

$92.9B

Stockholders' Equity

$28.5B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.2B	$4.6B	+12.5%
Gross Profit	$2.4B	$2.4B	-0.7%
Operating Income	$708M	$1.1B	-33.1%
Net Income	$376M	$616M	-39.0%

Revenue Segments

Natural Gas Distribution

$698M26%

Other Natural Gas

$651M24%

Other Natural Gas - Wholesale Gas Services

$578M21%

Natural Gas Distribution - Residential

$311M12%

Natural Gas Distribution - Transportation

$247M9%

Natural Gas Distribution - Commercial

$73M3%

Other Natural Gas - Gas Marketing Services

$63M2%

Natural Gas Distribution - Other

$59M2%

Other Natural Gas - Other Natural Gas Revenues

$10M0%

Natural Gas Distribution - Industrial

$8M0%