Q3 2021 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$6.2B+11.0% YoY

Gross Profit

$3.1B49.2% margin

Operating Income

$1.7B27.6% margin

Net Income

$1.1B17.7% margin

EPS (Diluted)

$1.03

QoQ Revenue Growth

+20.0%

Cash Flow

Operating Cash Flow

$2.2B

Free Cash Flow

$339M

Stock-Based Comp.

$29M

Balance Sheet

Total Assets

$127.9B

Total Liabilities

$94.4B

Stockholders' Equity

$29.0B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.2B	$5.6B	+11.0%
Gross Profit	$3.1B	$3.0B	+1.4%
Operating Income	$1.7B	$1.8B	-6.1%
Net Income	$1.1B	$1.3B	-12.0%

Revenue Segments

Other Natural Gas - Wholesale Gas Services

$2.2B64%

Natural Gas Distribution

$549M16%

Natural Gas Distribution - Transportation

$239M7%

Natural Gas Distribution - Residential

$218M6%

Other Natural Gas

$56M2%

Natural Gas Distribution - Commercial

$55M2%

Other Natural Gas - Gas Marketing Services

$45M1%

Natural Gas Distribution - Other

$31M1%

Other Natural Gas - Other Natural Gas Revenues

$11M0%

Natural Gas Distribution - Industrial

$6M0%